Housing nominee Mel Watt helped create the subprime crisis

Charles C. Johnson The Daily Caller 5/5/2013

Mel Watt, President Obama’s nominee for director of the Federal Housing Finance Agency, pushed government programs to help welfare recipients buy homes during the creation of the subprime mortgage bubble.

Watt, a 20-year Member of Congress from North Carolina’s 12th district, also had a hand in programs allowing […]