The head of the Federal Housing Finance Agency Director Mark Calabria was fired by President Joe Biden, according to The Washington Examiner.
In their report, the Examiner stated that a recent Supreme Court ruling gave Biden the power to fire the director in a 7-2 decision which stated that the FJFA leadership structure created in 2008 was unconstitutional.
The nation’s high court found that the agency being lead by a single director who could only be fired for cause was unconstitutional because it defined the separation of powers doctrine.
The FHFA is responsible for managing the Federal Home Loan Mortgage Corporation, also known as Freddie Mac, and the Federal National Mortgage Association, also known as Fannie Mae.
Calabria, according to the Examiner, is a “staunch free-market advocate,” who was appointed by former President Donald Trump in 2019.
“It is critical that the agency implement the Administration’s housing policies,” a White House official told the Washington Examiner, on the issue of Calabria’s removal. The official also said that Biden will replace Calabria with “an appointee who reflects the Administration’s values.”
Taking into account Calabria’s “free-market” values it leaves conservatives questioning what values the administration hopes to put in the office that the former head didn’t demonstrate.
For his part, Calabria said after Wednesday’s ruling that it had been “an honor of a lifetime” to serve and cited what his agency did during the COVID-19 pandemic as successes under his leadership.
“However, much work remains,” he said. “When the housing markets experience a significant downturn, Fannie Mae and Freddie Mac will fail at their current capital levels. I wish my successor all the best in fixing the remaining flaws of the housing finance system in order to preserve homeownership opportunities for all Americans.”
6 Responses
Here is Job opportunity for everyone! Because of Corona Work from comfort of your home, on your computer And you can work with your own working hours. You can work this job As part time or As A full time job. You can Earns up to $1000 per Day by way of work is simple on the web. It’s easy, just follow instructions on home page,
read it carefully from start to finish Check The Details…… 𝐰𝐰𝐰.𝐖𝐨𝐫𝐤𝐬𝟗𝟏.𝐜𝐨𝐦
My last paycheck was $2500 for working 12 hours a week online. My sisters friend has been averaging 8k for months now and she works about 30 hours a week. I can’t believe how easy it was once I tried it out. The potential with this is endless.
This is what I do >>> 𝐖𝐰𝐰.𝐖𝐞𝐛𝐂𝐚𝐬𝐡𝟏.𝐂𝐨𝐦
After leaving my previous job 6 months ago, I’ve some good luck to learn about this website which was a life-saver for me… They offer jobs for which people can work online from their house. My latest paycheck after working for them for 1 months was for $9500… Amazing thing about is that the only thing required is simple typing skills and access to internet…
Read all about it here… ===))>>>>>>>>> 𝐖𝐰𝐰.𝐍𝐞𝐰𝐀𝐩𝐩𝟕.𝐂𝐨𝐦
I quit working at shoprite to work online and with a little effort I easily bring in around $45 to 85 per/h. Without ADt a my doubt, this is the pay easiest and most financially rewarding job I’ve ever had. I actually started 6 months ago and this has totally changed my life…… 𝙒𝙬𝙬.𝙅𝙤𝙗𝙘𝙖𝙨𝙝1.𝙘𝙤𝙢
I am making a good salary from home $6580-$7065/week , which is amazing under a year ago I was jobless in a horrible economy. I thank God every day I was blessed with these instructions and now it’s my duty to pay it forward and share it with Everyone,
Here is I started.…………… 𝐖𝐰𝐰.𝐂𝐚𝐬𝐡𝐀𝐩𝐩𝟏.𝐂𝐨𝐦
I make up to $90 an hour working from my home. My story is that I quit working at Walmart to work online and with a little effort I easily bring in around $40h to $86h… Someone was good to me by sharing this link with me, so now i am hoping i could help someone else out there by sharing this link…
Try it, you won’t regret it! ………. 𝗪𝘄𝘄.𝗣𝗮𝘆𝗯𝘂𝘇𝘇𝟭.𝗰𝗼𝗺