Current events concerning politics, political office holders, political candidates, world events, local events, crime and other public affairs issues are discussed. This blog leans right (conservative), but views left of center (liberal, progressive) will also appear. This blog is not a mouthpiece of the Republican party. Democrat and other perspectives also appear. Discussion including diverse viewpoints is encouraged, but keep it clean. Abusive language may result in deletion.
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Thursday, October 31, 2013
CORKER: A TECHNOCRAT – NOT A POLITICIAN – SHOULD LEAD FHFA
U.S. Senator Bob Corker, R-Tenn., a member of the Senate Banking, Housing and Urban Affairs Committee, made the following statement after voting against a procedural motion to move forward with the nomination of U.S. Congressman Mel Watt, D-N.C., to lead the Federal Housing Finance Agency (FHFA). In a 56 to 42 vote, the Senate failed to get the 60 votes required to proceed.
“I have said from day one that a technocrat, not a politician, should lead the FHFA, the regulator charged with overseeing the $5 trillion portfolios of Fannie Mae and Freddie Mac,” said Corker. “I hope the president will nominate a qualified technocrat with the expertise to play a constructive role in winding down Fannie and Freddie and modernizing our housing finance system.”