Politics & Government

November 12, 2010 12:18 PM

North Carolinian nominated to oversee Fannie Mae, Freddie Mac

President Barack Obama on Friday nominated North Carolina’s top banking official to oversee Fannie Mae and Freddie Mac as head of the Federal Housing Finance Agency. Obama tapped Joseph A. Smith Jr., the North Carolina commissioner of banks, for the role of overseeing the quasi-governmental agencies just as they are about to undergo a restructuring by Congress.

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