What’s this for?
Can we kick out Gloomberg?
It looks liek Andrew may not get picked anyway. Report are that Paterson is picking Rep. Kristen Gillebrand.
Andrew Cuomo is perhaps the most toxic waste of the mortgage/lending meltdown. Under former HUD Secretary Andrew Cuomo tenure between 1997 and 2001:
“At the time we discontinued our audit work, a total of 42 adjustments totaling about $17.6 billion had been processed in this manner to adjust fiscal year 1998 ending balances. An additional 242 adjustments totaling about $59.6 billion, were made to adjust fiscal year 1999 activity.” -SUSAN GAFFNEY, INSPECTOR GENERAL HUD, BEFORE THE HOUSE OF REPRESENTATIVES; COMMITTEE ON GOVERNMENT REFORM; SUBCOMMITTEE ON GOVERNMENT MANAGEMENT,
INFORMATION AND TECHNOLOGY; MARCH 22, 2000
=> The book keeping chicanery more than tripled under Andrew Cuomo.
Note that 59.6 billion is 6.8 million dollars per hour in fiscal year 1999 activity -off books.
In 2000 it appears to become a criminal enterprise:
“For its audit in 2000, Cuomo’s last year in office, HUD declined to make public the amount of undocumentable adjustments required to balance the books.”