Posted on 02/26/2010 6:03:57 PM PST by cajuncow
NEW YORK (Associated Press) -- Less than a week after declaring he would seek a full four-year term, New York Gov. David Paterson abruptly dropped his election bid Friday under pressure from fellow Democrats concerned about his faltering agenda and his handling of a domestic abuse case involving a trusted aide.
Paterson cited a litany of distractions that prompted him to end his campaign, but said he had never abused his office.
(Excerpt) Read more at ww2.cox.com ...
A lot of “Dodding” going on.
Most ethical Congress in History. :)
Just one more example of the Democrat party keeping a black man down... Spread the word...
He was put on the list when he didn’t give Caroline Kennedy the seat in the Senate, formerly held by Hillary, IMHO.
I think one leads to another...
Feb 8, 2010
Editorial, The Wall St Journal
FR Posted February 08, 2010 by The Raven ...
HUD's Web visitors learned that in 1999 Clinton's then-HUD Secretary Andrew Cuomo established the new "Affordable Housing Goals" requiring Fannie Mae and Freddie Mactwo government sponsored enterprises involved in housing financeto buy $2.4 trillion in mortgages in the next 10 years. Will mean new affordable housing for about 28.1 million low- and moderate-income families.....who eventually defaulted leaving US taxpayers holding the bag.
Cuomos historic action raised the required percentage of mortgage loans for low- and moderate-income families that the companies must buy from the current 42 percent of their total purchases to a new high of 50 percenta 19 percent increasein the year 2001." ... (Excerpt) Read more at online.wsj.com ...
And dont forget----Andy was married to a Kennedy at the time.
==================================
REFERENCE Entitled, "Highlights of HUD Accomplishments 1997-1999," the document chronicles the "accomplishments under the leadership of Secretary Andrew Cuomo, who took office in January 1997."
HUD's Web visitors learn that in 1999: "Secretary Cuomo established new Affordable Housing Goals requiring Fannie Mae and Freddie Mactwo government sponsored enterprises involved in housing financeto buy $2.4 trillion in mortgages in the next 10 years. This will mean new affordable housing for about 28.1 million low- and moderate-income families.
Cuomo's historic action raised the required percentage of mortgage loans for low- and moderate-income families that the companies must buy from the current 42% of their total purchases to a new high of 50%-----a 19% increasein the year 2001."
==============================================
From Village Voice report 8-5-08) 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 countrys current crisis.
Cuomo took actions thatin combination with many other factorshelped plunge Fannie and Freddie into the subprime markets without putting in place the means to monitor their increasingly risky investments.
Cuomo 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. (There were rampant rumors that Cuomo himself pocketed greatly from his HUD position.)
Three to four million families are facing foreclosure (as of 2008), and Cuomo is one of the reasons why....
SOURCE http://www.villagevoice.com/2008-08-05/news/how-andrew-cuomo-gave-birth-to-the-crisis-at-fannie-mae-and-freddie-mac/
=========================================
CUOMO AND BILL CLINTON CREATED CONDITIONS FOR MELTDOWN (From Village Voice 8-5-08) 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 countrys current crisis.
He took actions thatin combination with many other factorshelped plunge Fannie and Freddie into the sub-prime 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. . . SOURCE http://www.villagevoice.com/2008-08-05/news/how-andrew-cuomo-gave-birth-to-the-crisis-at-fannie-mae-and-freddie-mac/
LISTEN UP TEA PARTIERS We need to get meetings together so we can get Paladino in front of people.
Links that give some background.
www.facebook.com/pages/Carl-Paladino/130595325508?v=wall ·
www.carlpaladino.com
www.ellicottdevelopment.com/about-us/carl-paladino
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.