That June Post story focused its critical reassessment of HUD's affordable-housing goals on the department's 2004 decision—during the Bush re-election campaign—to juice them up again, pushing the target to 56 percent by 2007. Though the story never mentioned Cuomo—whose three-year, eight-point goal hike exceeded Bush's more gradual six-point increase—it did quote his top aide William Apgar, who helped craft the 2000 policy, saying: "It was a mistake." Apgar, who now teaches at Harvard, conceded, "In hindsight, I would have done it differently."
It's a long article that lays the blame on Cuomo and partly on Bush.
The whole housing mess is on the federal govt shoulders from start to finish.
I saw “goal”, but not “mandate”. I saw nothing to mandate that F&F go about it in the reckless way they did.
thanks for that
the question is would raising the per centage mean you couldn’t also regulate F&f?
In other words just raising the amount they underwrote isn’t saying, give out more shaky loans.
Of course the Feds are to blame
and it was chickenshit of the GOP to not want the give Dems the race card to use