Wednesday, May 1, 2013

Obama Picks Fannie and Freddie Apologist for Federal Housing Post

Well, what do you know?  My former congressman (he was gerrymandered out of my area) has been picked by King Obama to head the Federal Housing Finance Agency.  This is an unbelievable pick.  Rep. Mel Watts played a part in the worst financial bubble in world history.  He defended Fannie Mae and Freddie Mac when it was obvious for all to see that these GSE’s were out of control.  Yet, he along with the Black Congressional Caucus skewered anyone who stated otherwise.  The below video is a refresher course on the shameful tactics of the Democratic Party.

Is it possible for another bubble?  A senator from Tennessee has concerns:
“I could not be more disappointed in this nomination. This gives new meaning to the adage that the fox is guarding the hen house,” Sen. Bob Corker, R-Tenn., said in a statement fired off minutes after news broke of Watt’s selection and well before the official White House photo op. “The debate around his nomination will illuminate for all Americans why Fannie and Freddie failed so miserably.”

 I’ll say one thing in favor of Mel Watt.  At least Obama didn’t appoint Maxine Waters.

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