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Sunday, May 05, 2013

Obama nominates racist who wants a repeat of housing bubble to head Federal Housing Finance Agency

It isn't so much his racist comments that should bother people. I just assume that the Obama administration will be filled with people who share Obama's racist views. It's the fact that he wants the US to rerun the catastrophic experiment in subprime liar loans that worries me.

In the past, Watt has pushed for better access to mortgages for minority and low-income borrowers, but some say his inclusive record is exactly what should exclude him from consideration.

"I could not be more disappointed in this nomination. This gives new meaning to the adage that the fox is guarding the hen house," Republican Tennessee Sen. Bob Corker said in a statement Wednesday. "The debate around his nomination will illuminate for all Americans why Fannie and Freddie failed so miserably."

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