Posted on 01/23/2010 7:34:31 PM PST by conservativefromGa
NY Attorney General Andrew Cuomo will run for governor - Daily News
Andrew Cuomo is ready to run for governor.
New York's state attorney general is set to take on Gov. Paterson in the Democratic primary, a source close to Cuomo told the Daily News.
Cuomo spokesman Richard Bamberger declined comment, but a source close to Cuomo told The News, "He will make an announcement at the end of March. And what he will say is that he intends to run for governor. ... He thinks there are a lot of problems in the state and he thinks he can help solve them."
(Excerpt) Read more at nydailynews.com ...
"There are as many starting points for the mortgage meltdown as there are fears about how far it has yet to go, but one decisive point of departure is the final years of the Clinton administration, when a kid from Queens without any real banking or real-estate experience was the only man in Washington with the power to regulate the giants of home finance, the Federal National Mortgage Association (FNMA) and the Federal Home Loan Mortgage Corporation (FHLMC), better known as Fannie Mae and Freddie Mac.
Andrew Cuomo, the youngest Housing and Urban Development secretary in history, made a series of decisions between 1997 and 2001 that gave birth to the country's current crisis. He took actions that—in combination with many other factors—helped plunge Fannie and Freddie into the subprime markets without putting in place the means to monitor their increasingly risky investments. He turned the Federal Housing Administration mortgage program into a sweetheart lender with sky-high loan ceilings and no money down, and he legalized what a federal judge has branded "kickbacks" to brokers that have fueled the sale of overpriced and unsupportable loans. Three to four million families are now facing foreclosure, and Cuomo is one of the reasons why...."
Cuomo is definitely a dangerous fool.
I thought the same thing! This guy needs to get stomped flat in this race. The major part of the financial rot starts with him.
Once Mario realized he couldn’t become president, he decided to become “kingmaker”.
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