Cuomo. Another economics brain trust...
Remember- Cuomo is the moron who kicked-off the last major global economic meltdown
Bill Clinton signed the law requiring banks to stop ‘redlining’.
‘Redlining’ was the evil democrat name given to the process where a bank would make sure you were working and could afford to take out a loan, before they gave you a loan.
You know, normal common-sense business practice.
The banks essentially ignored the law because it was SO STUPID, but then Clinton’s Attorney General CUOMO sued the first bank for what was at the time the largest settlement in history.
All the other banks then saw the light:
If they didn’t make bad loans the government would sue them into oblivion. If they DID make the loans, the government would cover their losses. So...
They made $billions in bad loans and set off the housing ‘crisis’.
Bill Clinton created the bomb- Andrew Cuomo lit the fuse.