AAEA is an environmental organization founded in 1985 that is dedicated to protecting the environment, enhancing human, animal and plant ecologies, promoting the efficient use of natural resources, increasing African American participation in the environmental movement and promoting ownership of energy infrastructure and resources. We resolve environmental problems through the application of practical environmental solutions.
Wednesday, December 11, 2013
Mel Watt Confirmed By Senate To Lead the Federal Housing Finance Agency
We applaud the Senate for confirming Congressman Mel Watt to head the Federal Housing Finance Agancy. Watt was confirmed on a vote of 57 to 41 vote and his confirmation was made possible because of the imlementation of the nuclear option - - changing the Senate rules to allow majority vote instead of 60 votes (invoking cloture--to end debate).
Congressman Watt has 40 years of experience in the housing sector and we believe he will be instrumental in solving the problems that plague Fannie Mae and Freddie Mac.