RALEIGH, NC (AP) — The General Assembly has agreed Joseph
Smith Jr. should become North Carolina’s banking commissioner again
after his nomination for a federal financial post fell short.
The House completed the Legislature’s confirmation of Smith to
the commissioner’s job Monday night. Both chambers agreed
unanimously with Gov. Beverly Perdue’s choice of Smith to remain
commissioner for the next four years.
The Obama administration nominated Smith in November to lead the
federal agency that oversees Fannie Mae and Freddie Mac. But Smith
withdrew in January after he failed to get confirmed by the U.S.
Smith has been North Carolina’s banking commissioner since 2002.
(Copyright 2011 by The Associated Press. All Rights Reserved.)