The White House hasn't yet decided who to nominate as the next director of the Federal Housing Finance Agency, a position it has struggled to fill. Along with Mr. Zandi, the Obama administration has also been considering Rep. Mel Watt, a North Carolina Democrat.
This is what I wrote about Zandi in 2011:
Zandi [who works for Moody's] has been the biggest apologist for every move President Obama has made outside the bathroom. And just what the hell is this "full weight of Moody’s modeling expertise" about? Last I recall, Moody's failed to detect the housing boom and had no clue the subprime paper they were rating was toxic.
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