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<head><center><a href="http://www.edgedsides.eu/2168/366/648/4673/8093.12tt33823536AAF1.php">Personalized Valentine's Day Gifts
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</font></td></td></tr></table><br><br><br><br><br><br><br><br><font color="#FFFFFF">ised Watt as a first-rate selection. Both were
classmates at the University of North Carolina at Chapel Hill. Bowles, the
Democrat in a debt-tackling partnership with former Republican Sen. Alan
Simpson of Wyoming, said Watt brings "a bright mind, great work habits
and an understanding of how Washington works to the job."Hugh McColl, former
Bank of America chairman and CEO, also welcomed Watt's nomination. McColl
said he has known Watt for four decades, first meeting him through
his brother-in-law, former Rep. John Spratt, D-S.C., who attended Yale Law
School at the same time as Watt."What he brings to everything, doesn't
matter the subject, is an open mind," McColl said. "He has clarity
of thought."Charlotte is a major banking center, and the top donors to
Watt's political campaigns over the years have been bank political action
committees and bank officials and employees.His nomination comes nearly
a year after DeMarco, who has been acting director, stood by a
decision to bar Fannie and Freddie from reducing principal for borrowers
at risk of foreclosure, resisting pressure from the administration. DeMarco
long has opposed allowing the mortgage giants to offer principal reduction.In
March, attorneys general from nine states, led by Democrats Eric Schneiderman
of New York and Martha Coakley of Massachusetts, sent Obama a letter
saying that Fannie and Freddie under DeMarco have been a "direct impediment
to our economic recovery."
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