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Tim Carney: Obama's housing pick likes big government, big banks

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Mel Watt, President Obama's nominee to oversee government-sponsored mortgage giants Fannie Mae and Freddie Mac, is a liberal Democrat fond of big government. He is also longtime politician, intimate with K Street and Wall Street. With his faith in government and coziness with big business, Watt personifies Obamanomics. Obama has nominated the 11-term congressman as director of the Federal...

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