Obama's Options Appear Limited In FHFA Leadership Fight

Law360, New York (March 18, 2013, 7:34 PM EDT) -- Attorneys general from nine states on Monday pushed the Obama administration to replace Federal Housing Finance Agency Acting Director Edward DeMarco, but the political cover he provides on housing policy, coupled with new questions over the president's recess appointment powers, could mean replacing DeMarco is easier said than done.

The state AGs, led by New York's Eric Schneiderman and Massachusetts' Martha Coakley, are just the latest to push President Barack Obama to remove DeMarco, largely due to the FHFA's acting director's refusal to allow Fannie Mae...
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