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To: NYer

Cuomo won’t be the nominee, because the state is going to implode fiscally in the next few years...


8 posted on 04/20/2012 6:44:38 AM PDT by ken5050 (The ONLY reason to support Mitt: The Mormon Tabernacle Choir will appear at the WH each Christmas)
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To: ken5050; NYer
Cuomo won’t be the presidential nominee, because, thanks to vote-crazed liberals, the state is so debt-ridden, it is going to implode fiscally in the next few years...

You got that right-----and besides, Cuomo, once married to a Kennedy, will also have a problem explaining Sandra Lee's living arrangements to the voters.

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REFERENCE HERE'S HOW CUOMO WORK THE CON GAME Cuomo The Ambitious (D-gov NY) went to Buffalo bearing govt gifts of a billion dollars---promising casinos and other goodies---all to be looted from dwindling tax coffers.

NY is deeply in debt....... but Democrat con artist Andrew Cuomo is thirsting for higher office. Ehat to do? Cuomno's piling on more debt.....debt that will finance his political ambitions for higher office.

Cuomo The Ambitious, is a con man knows unions (and other voting blocs) will get a chunk of the billions---which will then be laundered into his campaign coffers as "contributions."

==================================================

REFERENCE In 1997 Cuomo took over as HUD chief replacing Clinton appointee Henry Cisneros who was in deep doodoo. During Cisneros tenure he championed Clinton's goal of social engineering within the housing market forcing lenders to issue loans to those that would not financially qualify for the lending.

Cisneros left office in a scandal involving lying to the FBI over payouts to a mistress, Cisneros subsequently pleaded guilty to a misdemeanor and though never sent to prison received a pardon from Bill Clinton in 2001.

Andrew Cuomo took the HUD reins and not only furthered Cisneros and Clinton's policies but greatly expanded them.

Henry Cisneros moved the GSEs toward a requirement that 42 percent of their mortgages serve low and moderate income families. Andrew Cuomo raised that number to 50 percent and dramatically hiked GSE mandates to buy mortgages for the "very-low-income."

These bad loans were purchased and sold throughout the secondary market and the pyramid grew and the bottom collapsed resulting in the subprime crisis we are still reeling from today.

In 2008, the Village Voice published a compelling report detailing Andrew Cuomo's policy decisions "that gave birth to the country's current crisis."

The report touched on how Cuomo's 187-page rules "opened the door to abuse." The rules explicitly rejected the idea of imposing any new reporting requirements on the GSEs. In other words, HUD wanted Fannie and Freddie to buy risky loans, but the department didn't want to hear just how risky they were.

During the gubernatorial race, New York voters were distracted by the gubernatorial candidate Carl Paladino's comments, and failed to see the harm caused by Cuomo's policies.

Back then, Hud Secy Cuomo's top aide said, "We believe that there are a lot of loans to black Americans that could be safely purchased by Fannie Mae and Freddie Mac if these companies were more flexible." Andrew Cuomo doubled down and had this to say about his HUD standards, "GSE presence in the subprime market could be of significant benefit to lower-income families, minorities, and families living in underserved areas."

How's that working out for the minority community, where foreclosures and unemployment rates have hit the hardest as a result of such failed policies and blatant social engineering?

SOURCE http://voices.yahoo.com/cuomos-social-engineering-as-hud-chief-contributed- 7077218.html

14 posted on 04/20/2012 11:47:23 AM PDT by Liz
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