Rep. Mel Watt is under consideration to lead the regulator of mortgage-finance firms Fannie Mae and Freddie Mac.
The Wall Street Journal reports:
…Mr. Watt was among a handful of lawmakers on the financial-services panel who voted against a politically popular bill that would have cut Fannie and Freddie executive salaries, saying that the measure would have been “penalizing the wrong people” and would have risked a flight of qualified talent to other financial firms.
Mr. Watt is also one of many lawmakers from both parties who took campaign contributions from Fannie and Freddie before the companies were taken over by the government.
The N&R quotes state Sen. Gladys Robinson as saying “half of Charlotte and half of Greensboro” would be interested in Watt’s 12th District seat should he take the post.
........As you post your comment, please conform to Piedmont Publius's simple comment policy: we welcome all perspectives, but require that comments be both civil and respectful. If you wouldn't say it to a co-worker in front of your boss, it probably is not civil and respectful. We will delete any comment that fails this test and issue a warning to the poster. A second offense will result in a ban on commenting on this site. In sum, disagreements, arguments even, are welcome; abusive behavior is not. Thanks.
19
2013 At 10:06 pm, Triadwatch Said:
Can we say hello Rep. Alston
20
2013 At 7:55 am, Sam Hieb Said:
For some reason I did not think of him….