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President Obama hails Mel Watt's confirmation for housing agency

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President Obama on Tuesday hailed the Senate vote confirming Rep. Mel Watt, D-N.C., to head the Federal Housing Finance Agency, calling him the “right regulator” to prevent another housing crisis. “Seven months ago, I nominated Mel to lead the agency charged with looking out for hardworking families by enforcing rules of the road for the mortgage industry. And today, he’s finally been confirmed...

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