The Federal Housing Finance Board this month approved a new fiscal year 2003 budget, but not without a little excitement. The normally routine approval of a new budget that was 8 percent below the previous year’s level got a little emotional when FHFB Director Franz Leichter repeatedly questioned board Chairman John Korsmo on the appropriateness of making major budget-related decisions without consulting the rest of the board. Among other things, Leichter complained about Korsmo’s recent