Activists Call for Firing on Federal Housing Finance Agency Head Over Role in Foreclosure Crisis

By Jordan Estevao, Truthout | Op-Ed
Thursday, June 7th, 2012

During the week of May 20, 1,000 families facing foreclosure, clergy and community leadersĀ  from across the country did what President Obama should have done months ago: deliver a pink slip to Ed DeMarco, acting director of the Federal Housing Finance Agency (FHFA).

They traveled to Washington, DC, boarded buses and flooded the lobby of the FHFA to fire the man who is single-handedly prolonging the foreclosure crisis and standing in the way of economic recovery.

Conservative groups are attempting to portray Obama as a Wall Street pawn, claims that are difficult to refute when he continues to hide behind the likes of DeMarco, an interim head who serves at the president's pleasure.