‘The Fox Is Guarding the Henhouse’
By Roger Clegg
May 2, 2013 4:23 PM
So says Senator Bob Corker (R., Tenn.), a member of the Senate Banking Committee, of President Obama’s nomination of Representative Mel Watt (D., N.C.) to head the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac. The Washington Post reports that liberals are not altogether happy with the nomination either, pointing to Watts’s “coziness with the financial industry.” Watt’s record in Congress has been one of viewing public policy through a racial lens. So I would add that, if racial politics are not supposed to influence Fannie Mae’s and Freddie Mac’s policies — many believe such politics played a major role in the recent mortgage meltdown and ensuing financial crisis — it’s hard to imagine that Mel Watt is the man for this job.
Thursday, May 2, 2013
You Can't Hire Him, He's Black
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3 comments:
many believe such politics played a major role in the recent mortgage meltdown
Only response.
"...many believe such politics played a major role in the recent mortgage meltdown and ensuing financial crisis..."
Many? The famed but never seen MANY? Give me a break from this waste of time and space!
If you could actually find anyone I promise they would be an inbred hillbilly Repigliker. You will not find a same person saying that BS. WALL STREET caused the crash. Fecking eejits.
I also see the Fed blamed for not raising rates soon enough.
Amusingly, this tends to come from the libertarian crowd. "If only the government had managed things properly, the private sector would have worked just like we say it does!"
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