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Mel Watt becomes new chief overseeing Fannie, Freddie
Charlotte Observer ^
| Monday, Jan. 06, 2014
| Franco Ordonez
Posted on 01/09/2014 10:41:37 AM PST by Olog-hai
Mel Watt was sworn into a top housing finance post Monday afternoon while simultaneously bringing to an end a career in Congress spanning more than two decades.
The now-former representative from North Carolina was given the oath to lead the Federal Housing Finance Agency by former Charlotte mayor and current Transportation Secretary Anthony Foxx.
Watts path to his new position was cleared last month after a drawn-out debate that included a controversial rule change allowing him to be confirmed with a 57-41 Senate vote.
(Excerpt) Read more at charlotteobserver.com ...
TOPICS: Business/Economy; Government; News/Current Events; US: District of Columbia
KEYWORDS: cbc; fanniemae; fhfa; freddiemac; housingbubble; melwatt; ninjaloans; obama
posted on 01/09/2014 10:41:37 AM PST
hmmm...name sounds familiar..
posted on 01/09/2014 10:50:36 AM PST
Another low-info career politician elevated to high office.
Banana Republic type appointee.
Right party. Right color. Has a pseudo education. Can speak reasonable English. A loyal spear chucker, uh no no scratch that, spear carrier that's it Spear Carrier for Lord Obie. Perfect for the job.
posted on 01/09/2014 10:56:51 AM PST
(I am feeling more like Philip Nolan every day)
Former chairman of the CBC. One of those that pushed banks into making risky loans to people that couldn’t pay them back in the first place.
posted on 01/09/2014 11:05:56 AM PST
Is this the guy who thought he was being set up with a tryst with an underage Catholic school girl and exclaimed “Wow, did I just hit the lotto or what!” (it turned out to be a sting operation)
posted on 01/09/2014 11:25:59 AM PST
(12/14 - 930am -rampage begins... 12/15 - 1030am - Obama's advance team scouts photo-op locations.)
New Head of Fannie / Freddie, also known as newest Demonrat Multimillionaire.
posted on 01/09/2014 11:26:59 AM PST
The fox is no longer guarding the hen house, it’s inside selecting the fat plump ones for dinner.
posted on 01/09/2014 11:35:09 AM PST
(Rome did not create a great empire by talking, they did it by killing all those who opposed them)
You’re right. All those Mels sound alike.
A loyal spear chucker
make that "spear catcher".
Oh good. Another incompetent affirmative action choice for a meaningless position where he can do a lot of damage to the makers on behalf of the takers.
posted on 01/09/2014 12:52:00 PM PST
(I could never be a liberal because I can't get my head far enough up my arse.)
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