Posted on 07/17/2011 8:09:45 AM PDT by Liz
Gov. Cuomo raised $6.2M campaign funds from lobbyists, unions, business and a gay-rights organization so far-- and has a war chest of $9.2M cash. Cuomo spent nearly $23M on the governor's race, then took office with just over $4M in the bank. A $60,000 contribution from a major gay-rights group came six weeks before passage of the same-sex marriage bill.
(Excerpt) Read more at nypost.com ...
"Sure, I know how I got the job. Clinton needed my daddy in his corner,
so I got the HUD job. HUD is also where Dems load up on campaign loot.
I myself got $23M to run for Governor.......and enough to finance higher office."
Village Voice 8-5-08
ANDREW CUOMO CREATED CONDITIONS FOR MELTDOWN
Clinton's appointee, Andrew Cuomo, the youngest HUD Secy in US history, made a series of opportunistic decisions between 1997 and 2001 that gave birth to the countrys current crisis. He took actions that helped plunge Fannie and Freddie into the sub-prime markets without putting in place the means to monitor the increasingly risky investments. Andrew Cuomo turned the FHA mortgage program into a sweetheart lender with sky-high loan ceilings and no money down.....Cuomo 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/
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Feb 8, 2010
Editorial, The Wall St Journal
FR Posted February 08, 2010 by The Raven ...
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. The 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 ...
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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."
LOL, there's a new check-off term you'll see on NY forms, along with Single/Married/Divorced/Widowed...
LOL.
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