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Mel Watt: A New Captain For America's Housing Market

03:24
Rep. Mel Watt, D-N.C., listens as President Obama announces his nomination to head the Federal Housing Finance Agency. Watt was nominated in May, but Republicans blocked his confirmation until this week. (AP)
Rep. Mel Watt, D-N.C., listens as President Obama announces his nomination to head the Federal Housing Finance Agency. Watt was nominated in May, but Republicans blocked his confirmation until this week. (AP)

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