[Senator Goldwater]

The sad fact is that Cuomo’s surrender on YSPs can’t be excused as an unfortunate consequence of well-motivated policy, as his defenders have argued regarding his FHA and GSE actions. He has no cover for this one; it exposes him as an agent of special interests. And looking at his GSE and FHA policies through the lens of his retreat on these payoffs (which even Glaser, in a marked change from his MBA days, now condemns) suggests a pattern of compromised judgments.

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The Clinton administration, and congressional Democrats, have their fingerprints all over the housing bubble. Its no secret that lending practices were relaxed to goose housing numbers, and the market finally corrected itself. Sarbanes-Oxley is another culprit.

Democrats believe in something for nothing. Free markets don’t work that way.

[Notary Sojac]

Give us all a break. What Republicans spoke out when the housing bubble was going insane in 2002-2004? Both parties had their noses firmly up the cracks of the banking and building industries.