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.”
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