(Washington, D.C.) – Today, Citizens Against Government Waste (CAGW) named ![\"6a00d8341bf7d953ef0133f3725211970b-320wi\"](\"https://www.gloucestercitynews.net/.a/6a00d8341bf7d953ef0168ebf98c10970c-120wi\" "\\"6a00d8341bf7d953ef0133f3725211970b-320wi\\"/")
Representative Elijah E. Cummings (D-Md.) its May 2012 Porker of the Month for his continued pressure on acting Federal Housing Finance Agency (FHFA) Director Edward DeMarco to pursue principal write down on mortgages owned by the two housing government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac. Director DeMarco has steadfastly refused to move toward principal forgiveness, citing his obligation to protect taxpayers and minimize additional losses for Fannie and Freddie, which are currently under the longest federal conservatorship in American history at a present cost to taxpayers of $183 billion.
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