Obama's choice for Federal Housing Finance Agency head under fire

The Center for Public Integrity reports that "Rep. Mel Watt, the North Carolina Democrat whom President Barack Obama has appointed to oversee mortgage finance giants Fannie Mae and Freddie Mac has received more campaign money from financial interests than any other industry or special interest."

"Since he entered Congress in 1992, Watt has received $1.33 million in campaign contributions from the finance, real estate and insurance industries, according to the Center for Responsive Politics, a nonprofit research group that tracks money in politics."