Nominating Rep. Melvin Watt, D-N.C., to head the Federal Housing Finance Agency, President Obama said, "Mel understands as well as anybody what caused the housing crisis; he knows what it's going to ... more 
Nominating Rep. Melvin Watt, D-N.C., to head the Federal Housing Finance Agency, President Obama said, "Mel understands as well as anybody what caused the housing crisis; he knows what it's going to take to help responsible homeowners fully recover." less 
1 / 26
CBSTV Videos
Wed, May 1, 2013 4:32 PM EDT