Slideshow Protesters Demand GSE Principal Reduction

Published
  • September 13 2012, 6:57pm EDT

Protesters dressed in costumes personifying Fannie Mae and Freddie Mac (background) look on as a fellow activist wearing a cardboard box painted to look like a house addresses a crowd of demonstrators at New York City’s Bryant Park on Sept. 12.

Protesters march down 42nd Street on their way to Freddie Mac’s Midtown Manhattan office during a demonstration on Sept. 12.

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Activists form a human chain, blocking traffic on 42nd Street and Fifth Avenue in Manhattan, during a Sept. 12 protest against foreclosure evictions and the Federal Housing Finance Agency’s policy prohibiting Fannie Mae and Freddie Mac from offering principal reduction.

Francesca Garcia of Boston holds a sign during a rally at New York City’s Bryant Park as part of a demonstration on Sept. 12 calling on the government-sponsored enterprises to offer distressed borrowers principal reductions.

Deborah Nowell of Springfield, Mass. chants as she and fellow protestors march down Fifth Avenue near 42nd Street in Midtown Manhattan during a Sept. 12 protest against the FHFA and the GSEs.

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An activist wearing a paper-mache mask caricaturizing FHFA Acting Director Edward DeMarco as a vampire—whom protesters referred to as “Count Bankula”—pretends to sign a placard authorizing principal reductions outside Fannie Mae’s New York City office on Sept. 12.

Roline Burgison, of Providence, R.I., was one of the protesters who spoke to a Freddie Mac executive during the Sept. 12 demonstration.

Joan Spierou of Brockton, Mass. marches through Bryant Park during a Sept. 12 protest against the FHFA and the GSEs.

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Protesters gather outside the entrance of Freddie Mac’s New York City office during a Sept. 12 demonstration to protest against foreclosure evictions and the Federal Housing Finance Agency’s policy prohibiting Fannie Mae and Freddie Mac from offering principal reduction.

Costumed protesters representing an underwater home and personifications of Freddie mac and Fannie Mae participate in a demonstration in New York City’s Bryant Park on Sept. 12.

Chastity George of Lynn, Mass. reads a list of demands the protesters have for the FHFA and the GSEs outside Fannie Mae’s New York City office on Sept. 12.

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Demonstrators march around a plaza outside Fannie Mae’s New York City office on Sept. 12 to protest the FHFA and GSEs.