Washington, DC - The Club for Growth today urged Senators to vote against cloture on President Obama’s nomination of Congressman Mel Watt (D-NC) to head the Federal Housing Finance Agency. The Club’s Key Vote Alert on the Watt nomination can be found here: 

“Congressman Mel Watt is not at issue – the policies he will pursue as head of FHFA are,” said Club for Growth President Chris Chocola. “Mel Watt will almost certainly pursue a write-down of mortgage debt, which is a massive taxpayer-subsidized bailout that would create a massive moral hazard.” 

“Make no mistake – a vote for cloture on Mel Watt is simply a vote for a massive taxpayer-funded bailout, and the Club for Growth will treat it as such on our Congressional scorecard,” added Chocola.