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VIDEO OF ANDREW CUOMO STARTING THE HOUSING MELT DOWN!
Hot Air ^ | 10/12/2008 | HotAir

Posted on 10/16/2010 2:57:25 AM PDT by Mr. K

CUOMO: To take a greater risk on these mortgages, yes. To give families mortgages that they would not have given otherwise, yes. Q: [unintellible] … that they would not have given the loans at all? CUOMO: They would not have qualified but for this affirmative action on the part of the bank, yes. Q: Are minorities represented in that low and moderate income group? CUOMO: It is by income, and is it also by minorities? Yes. CUOMO: With the 2.1 billion, lending that amount in mortgages — which will be a higher risk, and I’m sure there will be a higher default rate on those mortgages than on the rest of the portfolio …


TOPICS: Breaking News; Business/Economy; Government; News/Current Events; Politics/Elections; US: New York
KEYWORDS: andrewcuomo; barneyfrank; carlpaladino; craact; cuomo; lootie; massachusetts; newyork; obama; octobersurprise; paladino; palin
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This is actual video of Andrew Cuomo explaining how HE FORCED BANKS TO LOAN TO UNQUALIFIED PEOPLE under an 'affirmative action' plan for loans.

THIS IS THE ROOT OF THE HOUSING MELT DOWN

And now he wants to be governor of NY

CUOMO = OBAMA (without the business sense)

http://www.eyeblast.tv/public/checker.aspx?v=e4SUkUSUQu

Watch the video before it is pulled!!!

1 posted on 10/16/2010 2:57:28 AM PDT by Mr. K
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To: The Mayor; metmom

http://www.eyeblast.tv/public/eyeblast.swf?v=e4SUkUSUQu


2 posted on 10/16/2010 3:02:00 AM PDT by Mr. K (Job #1 of next Congress- DEFUND THE LEFT (#2 repeal obamacare))
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To: Mr. K

“For those who want a smoking gun to show the genesis of the financial collapse, this short sequence from a longer video I posted this week will do it. Clinton HUD Secretary Andrew Cuomo announced a settlement of a lending discrimination complaint with Accubanc, a Texas lender whose prerequisites for mortgages came under attack from “community organizers” at the Fort Worth Human Relations Commission and the city of Dallas. I clipped out this sequence to underscore its importance:” see the video at the link


3 posted on 10/16/2010 3:03:17 AM PDT by Mr. K (Job #1 of next Congress- DEFUND THE LEFT (#2 repeal obamacare))
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To: Mr. K

Capture it and email the link to Drudge and then Paladino.


4 posted on 10/16/2010 3:06:47 AM PDT by 1010RD (First Do No Harm)
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To: 1010RD

how do I do that??? do you know??


5 posted on 10/16/2010 3:17:50 AM PDT by Mr. K (Job #1 of next Congress- DEFUND THE LEFT (#2 repeal obamacare))
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To: sauropod

mark


6 posted on 10/16/2010 3:23:43 AM PDT by sauropod (The truth shall make you free but first it will make you miserable.)
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To: sauropod

If Carl is playing by the Alynski book he will smack Andy in the last days and not give him the chance to respond. Lets hope so. Although how does Andy spin himself out of this? Lets go to the video tape!


7 posted on 10/16/2010 3:42:45 AM PDT by ronnie raygun (The tides coming in)
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To: Mr. K

Excellent. This video needs to go viral. Also it should be used against all Dems. Their policies created the financial and economic mess we have today.


8 posted on 10/16/2010 4:06:05 AM PDT by Upstate NY Guy (Gen 15:16 The iniquity of the Amorite is not yet complete.)
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To: Mr. K

It is unpopular to say that the mortgage meltdown was a multi-player event. Dem and Pub Presidents and Congresses all had a hand in it. I call it a failure of the Fed-Gov period. Yes it started with the Dems, but the Repubs were enablers at the least.


9 posted on 10/16/2010 4:16:17 AM PDT by VRW Conspirator (Twisting words of PJOR - Congress is like teenagers, a family car, car keys and bottles of whiskey.)
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To: Upstate NY Guy

email it to all your friends!!!

It wont go viral if no one starts passing it along

WE HAVE TO STOP CUOMO!


10 posted on 10/16/2010 4:17:46 AM PDT by Mr. K (Job #1 of next Congress- DEFUND THE LEFT (#2 repeal obamacare))
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To: Mr. K

marked.

Thanks for this Mr. K


11 posted on 10/16/2010 4:45:24 AM PDT by amom
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To: VRW Conspirator
"Yes it started with the Dems, but the Repubs were enablers at the least."

The GOP doesn't come close to the DUms in the pocket of Freddie/Fannie. Of all people, McCrisis saw the damage forthcoming and tried to fix it:

"JOHN GIBSON: Alright Heather. Lehman Brothers’ collapse is traced back to Fannie Mae and Freddie Mac, the two big mortgage banks that got a federal bailout a few weeks ago. Freddie and Fannie used huge lobbying budgets and political contributions to keep regulators off their backs...which politicians get Fannie and Freddie political contributions. The top three U.S. Senators getting big Fannie and Freddie political bucks were Democrats and number two is Senator Barack Obama. Now, remember, he has only been in the Senate four years but still managed to grab the number two spot ahead of John Kerry, decades in the senate, and Chris Dodd who is chairman of the Senate banking committee. Fannie and Freddie have been creations of the Congressional Democrats and the Clinton White House, designed to make mortgages available to more people, and as it turned out, some people who couldn’t afford them. Fannie and Freddie have also been places for big Washington democrats to go to work in the semi-private sector and pocket millions. The Clinton Administration’s White House budget director Franklin Raines ran Fannie and collected 50 million dollars. Jamie Gurilli, Clinton Justice Apartment Official, worked for Fannie and took home 26 million dollars. Big Democrat Jim Johnson, recently on Obama’s VP search committee has hauled in millions from his Fannie Mae C.E.O. job.

Now remember, Obama’s ads and stump speeches attack McCain and Republican policies for the current financial turmoil. It is demonstrably not Republican policy and worse, it appears the man attacking McCain, Senator Obama, was at the head of the line when the piggy’s lined up at the Fannie and Freddie trough for campaign bucks...." - FoxNews, Sept. 2008


12 posted on 10/16/2010 4:57:46 AM PDT by StAnDeliver (/)
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To: StAnDeliver
More...
"McCain spoke forcefully on May 25, 2006, on behalf of the Federal Housing Enterprise Regulatory Reform Act of 2005 (via Beltway Snark): "Mr. President, this week Fannie Mae’s regulator reported that the company’s quarterly reports of profit growth over the past few years were “illusions deliberately and systematically created” by the company’s senior management, which resulted in a $10.6 billion accounting scandal. The Office of Federal Housing Enterprise Oversight’s report goes on to say that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives. In the case of Franklin Raines, Fannie Mae’s former chief executive officer, OFHEO’s report shows that over half of Mr. Raines’ compensation for the 6 years through 2003 was directly tied to meeting earnings targets. The report of financial misconduct at Fannie Mae echoes the deeply troubling $5 billion profit restatement at Freddie Mac.

The OFHEO report also states that Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator’s examination of the company’s accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million fine in a settlement with the Federal Election Commission and restated lobbying disclosure reports from 2004 to 2005. These are entities that have demonstrated over and over again that they are deeply in need of reform."


13 posted on 10/16/2010 5:01:43 AM PDT by StAnDeliver (/)
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If Boehner’s first act isn’t to make Dodd do a perp walk in front of a Congressional inquiry on “Fast Times at Freddie/Fannie” I’m gonna lose interest in the Demogeddon reaaalll fast...


14 posted on 10/16/2010 5:04:43 AM PDT by StAnDeliver (/)
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To: Mr. K
Well the brilliant man was right about one thing, "And I'm sure there'll be a higher default rate than on the rest of the portfolio."

This video will sink him. It's over Andy.

15 posted on 10/16/2010 5:23:19 AM PDT by Shannon
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To: Mr. K
Can you capture the video in case it's pulled?

Here's an email address for Paladino.
info@paladinoforthepeople.com

16 posted on 10/16/2010 5:31:33 AM PDT by Shannon
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To: Shannon

I dont know how to capture it

do you?


17 posted on 10/16/2010 5:35:13 AM PDT by Mr. K (Job #1 of next Congress- DEFUND THE LEFT (#2 repeal obamacare))
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To: Mr. K
and America takes another one in the........

18 posted on 10/16/2010 5:36:25 AM PDT by Chode (American Hedonist *DTOM* -ww- NO Pity for the LAZY)
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To: Mr. K
The same thing has been going on with college degrees for decades, giving diplomas to unqualified people under affirmative actions plans.

Obama was one of the first beneficiaries.

So now we have millions of people with college degrees who can barely read them (but all is good with the world, because minority college graduation rates are UP!)

*puke*

19 posted on 10/16/2010 5:46:14 AM PDT by TexasFreeper2009 (Obama = Epic Fail)
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To: Mr. K
No, I've never done that. However, there's bound to be someone on this site who is savy when it comes to capturing videos. There is this site which makes it look rather easy: http://reviews.cnet.com/4520-11327_7-6555399-1.html
20 posted on 10/16/2010 6:25:37 AM PDT by Shannon
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