Hope Obama leaves *some* good dems in NC - Mel Watt to Fannie Mae

[SaveAmerica]

Voters got rid of those pretending to be Democrats in NC in the last election and soon all the ones who act like Dems will be on Obama's team!! (Now to get to work on bringing in more real Dems next year!)

http://mobile.bloomberg.com/news/2013-05-01/obama-said-to-choose-watt-to-lead-fannie-mae-regulator.html

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Housing industry officials expect President Barack Obama to nominate Representative Mel Watt, a Democrat from North Carolina, as director of the Federal Housing Finance Agency as early as today, according to three people briefed on the matter.

The White House has been struggling to find a replacement for Edward J. DeMarco, who has served as acting director since 2009. FHFA is charged with oversight of Fannie Mae and Freddie Mac (FMCC), the two mortgage financing companies that were taken into U.S. conservatorship as a result of the housing crisis.

Watt was elected to Congress in 1992. In 2005, he was elected chairman of the Congressional Black Caucus, a post he held until 2006. He cosponsored the 2009 Credit Card Act that required more disclosures for consumer card products.

[elleng]

1. Don't wanna lose a good Dem rep,

but sure DO wanna get rid of DeMarco, who's been worse than a pain in the butt for a long time. This is IMPORTANT.

White House Urged to Fire a Housing Regulator.

'Prominent state attorneys general are calling on President Obama to fire the acting director of the Federal Housing Finance Agency and name a new permanent director, arguing that current policies are impeding the economic recovery.

Under its current leader, Edward J. DeMarco, the F.H.F.A., which oversees the bailed-out mortgage financiers Fannie Mae and Freddie Mac, has refused to put in place a White House proposal to reduce the principal on so-called underwater mortgages — a move that might prevent foreclosures and thus save the mortgage giants money, but also might expose taxpayers to additional losses.

Led by Eric T. Schneiderman of New York and Martha Coakley of Massachusetts, the attorneys general argue that writing down the principal on underwater mortgages — those where the outstanding mortgage is greater than the current value of the home — would aid the recovery. They note that write-downs were a central part of a multibillion-dollar mortgage settlement that 49 state attorneys general negotiated with five major banks a year ago. And they say the White House should name a director to take that action.

“Our nation’s economy will never fully recover until we address this foreclosure crisis,”'

http://www.nytimes.com/2013/03/18/business/economy/attorneys-general-press-white-house-to-fire-fhfa-chief.html?_r=0

[SaveAmerica]

2. Yes, in NC we just need to dig in deep and bring great Dems to office

the next 2 election cycles.


Thanks for the information about DeMarco. Watt has been easily re-elected over the years, I hope we can keep that going.