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  • Andrew Cuomo - How the youngest HUD Secretary in history gave birth to the mortgage crisis

    09/21/2008 6:35:28 PM PDT · by silverleaf · 30 replies · 829+ views
    Village Voice ^ | August 5, 2008 | Wayne Barrett
    Andrew Cuomo and Fannie and Freddie How the youngest Housing and Urban Development secretary in history gave birth to the mortgage crisis By Wayne Barrett ...... http://www.villagevoice.com/2008-08-05/news/how-andrew-cuomo-gave-birth-to-the-crisis-at-fannie-mae-and-freddie-mac/ 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...