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FannieFreddie_9245-by Michael Premo | by michaelpremo
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FannieFreddie_9245-by Michael Premo

RALLY AGAINST FANNIE MAE AND FREDDIE MAC IN NYC SEPT. 12TH, 2012

 

Hundreds from the Northeast gathered in NYC as part of a national movement rising up against mortgage giants Fannie Mae & Freddie Mac. Participants are demanding principal reduction and that President Obama use his power of recess appointment to get rid of Ed DeMarco, the acting director of the Federal Housing Finance Agency, the conservator for Fannie Mae and Freddie Mac.

 

Protesters also are demanding that Fannie & Freddie:

 

–STOP FORECLOSING AND REDUCE PRINCIPAL: modify loans to real value

 

–STOP EVICTING: accept rent from former owners and tenants

 

–STOP SELLING VACANT HOMES TO INVESTORS: sell to original owners or non-profits at real value for affordable housing

 

–PUT PEOPLE BEFORE PROFIT: you were bailed out with our tax $

 

 

Led by courageous people who are fighting Fannie & Freddie’s foreclosure and eviction procedures, protests were also planned in Chicago, Los Angeles, and Atlanta at the regional Fannie/Freddie offices in those communities.

 

All photos copyright Housing is a Human Right. Use with permission. www.housingisahumanright.org

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Taken on September 12, 2012