Obama nominates Watt to head Federal Housing Finance Agency

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Obama nominates Watt to head Federal Housing Finance Agency

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Obama nominates Watt to head Federal Housing Finance Agency

by CBSTV Videos 2:16 mins

Nominating Rep. Melvin Watt, D-N.C., to head the Federal Housing Finance Agency, President Obama said, "Mel understands as well as anybody what caused the housing crisis; he knows what it's going to take to help responsible homeowners fully recover."

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