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Fannie-Freddie Regulator Used Government Resources for Personal Travel

  • Mel Watt had FHFA employees book trips, internal watchdog says
  • Practices ‘inconsistent’ with ethical conduct, report says
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Fannie Mae and Freddie Mac’s regulator may have a travel kerfuffle of his own.

Mel Watt, the director of the Federal Housing Finance Agency, sometimes tasked FHFA employees with driving him and his wife to the airport for personal trips, and directed staff members to book flights unrelated to government business, the agency’s inspector general said in a December 2016 report. An unredacted version of the document was obtained by Bloomberg News.