Biden to fire FHFA director after Supreme Court removes restriction | TheHill
By: Sylvan Lane (TheHill)
Calabria, a Republican, has served as FHFA director since April 2019. He was appointed to the position by former President Trump after serving as the chief economist to former Vice President Mike Pence .
AMF trumpster
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President Biden plans to fire Federal Housing Finance Agency (FHFA) Director Mark Calabria after the Supreme Court struck down a protection against his dismissal Wednesday, a White House official told The Hill.
"FHFA has an important mission of oversight of Fannie Mae and Freddie Mac as well as the Federal Home Loan Bank System. It is critical that the agency implement the Administration's housing policies," the official said in an email to The Hill.
"As a result, in light of the Supreme Court's decision today, the President is moving forward today to replace the current Director with an appointee who reflects the Administration's values."
The court held Wednesday that the structure of the FHFA, the conservator and overseer of Fannie Mae and Freddie Mac, was unconstitutional because it prevents the director from being fired by the president for reasons other than neglect or misconduct.
Calabria, a Republican, has served as FHFA director since April 2019. He was appointed to the position by former President Trump after serving as the chief economist to former Vice President Mike Pence.
This developing story will be updated.
TagsFederal Housing Finance AgencyFHFADonald TrumpMike PenceJoe BidenFreddie MacFannie MaeEconomy of the United States
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... taking out the racist trash.
Every Trump appointee should have been given a pink slip from day one.
just another example of the trump double standard...
good!