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To: rightwingintelligentsia
Ground zero for the financial meltdown starts here:

Andrew Cuomo and Fannie and Freddie

"..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..."

9 posted on 09/16/2010 7:34:13 AM PDT by Anti-Bubba182
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To: Anti-Bubba182

That’s what I’d like to see Paladino campaign on, rather than on Cuomo’s ‘immaturity’ and ‘arrogance’.


17 posted on 09/16/2010 7:46:24 AM PDT by 9YearLurker
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