Freddie Mac-No Politics (FMCC)

[vincen71]

http://blogs.wsj.com/developments/2013/05/02/qa-what-watt-would-do-as-fannie-maes-regulator/WSJ: Given that you are the president’s nominee for this job, what kind of relationship do you expect to have with the White House and the Treasury?

Mr. Watt: This is an independent agency. I expect it to be treated as an independent agency. I expect the director to act as an independent agent. But the statute does say the president has the prerogative to nominate, and he has done that.

WSJ: What are the most important components for any overhaul of the housing-finance market?

Mr. Watt: I can’t comment on that….

WSJ: Should Fannie and Freddie be wound down?

Mr. Watt: There is general—almost unanimous—consensus that we should move as much of this back into the private sector as quickly as can be done. There’s virtual unanimity.