Racially charged comments made by President Obama’s pick to lead the Federal Housing Finance Agency are adding fuel to the fire of an already controversial nomination.
The president picked North Carolina Rep. Mel Watt on Wednesday to lead the agency, praising his understanding of the housing crisis which crippled the economy several years ago. If approved by the Senate, Watt would replace Edward DeMarco, the acting director of the FHFA. But getting the Senate to agree that Watt’s the man for the job may be tough.
While lawmakers are raising early concerns about Watt’s willingness to get tough on questionable lending practices, he also comes with a history of controversial remarks.