|U.S. Rep. Mel Watt|
President Barack Obama nominated the 11-term congressman in May for the position overseeing Fannie Mae and Freddie Mac. While the Senate has held hearings on his confirmation, a final vote has been a long time coming.
The debate over Watt's future has grown more heated this week. On Monday, South Carolina Sen. Lindsay Graham said he would try to block all Obama's nominees until there was more information from the White House on the September 2012 attacks in Benghazi. The same day, White House Chief of Staff Denis McDonough called Watt's confirmation a top priority and met with housing and finance leaders to get them to help get Watt through.
McColl appears to have answered the call. In a letter to newspaper editors obtained by Politico, the former chairman says there's "no reason not to" confirm Watt to the Federal Housing Finance Agency directorship.
"I have known Mel Watt for 40-some odd years, both as a lawyer and as a U.S. Congressman," he writes. "I know him to be highly intelligent, a man of impeccable character and a straight shooter. While Chairman of the Board of Bank of America, I consulted with him on many occasions about banking legislation. We did not always agree with each other, but I always knew that I was getting an honest opinion and one that was well thought out."
McColl specifically calls on North Carolina's senators, Republican Richard Burr and Democrat Kay Hagan, to support his confirmation. Senate Democrats are hoping to vote on it this week.
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