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CUOMO’S GLASS HOUSING - His HUD closet is full of skeletons.
American Spectator ^ | January-February 2014 | Bill Zeiser

Posted on 02/13/2014 10:28:55 AM PST by neverdem

Try as I might, I cannot rule out the possibility that the Democratic Party is some sort of elaborate performance art piece. One of those subversive ones where the real point is not the performance itself, but the reaction drawn from an unsuspecting audience. There was a cocktail party where the artist explained his vision, but we squares who are part of the patriarchal consumer culture weren’t invited. They are just seeing how far they can push this thing before we catch on. That must be it.

There can be no other acceptable explanation for the straight-faced rationalizations many of us have had to sit through as to why 500,000 people getting insurance under Obamacare is more significant than 5 million Americans losing it, or how abridging the rights of lawful gun owners will somehow make us safer. I keep waiting for a narrator, clad only in a goat mask and a diaper, to emerge and make a rambling, postmodern speech about how we need to be awakened from our complacency. Unfortunately, the performance seems like it will never end. And Harry Reid is the closest we ever come to that narrator.

The good news, if you can call it that, is that presidential hopefuls have already started to crawl out of the woodwork...


Another name being floated to execute the Democrats’ contract on America is New York Governor Andrew Cuomo, who took office in 2011 as the Empire State shook off the disastrous tenures of call girl aficionado Eliot Spitzer and his bumbling accidental replacement David Paterson. Cuomo is New York political royalty of sorts...

(Excerpt) Read more at ...

TOPICS: Crime/Corruption; Editorial; Politics/Elections; US: New York
KEYWORDS: cuomo; fanniemay; freddiemac; hud

1 posted on 02/13/2014 10:28:56 AM PST by neverdem
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To: cyborg; Clemenza; Cacique; NYCVirago; The Mayor; Darksheare; hellinahandcart; Chode; ...
There's more about King Andy's adventures at HUD.

An End to Fair Elections Chuck U and Obama conspire agaist free spech.

“Extremists” in New York - The tyrannical liberalism of New York's Governor Cuomo.

Election Day turnout lowest in over 50 years (DeBlasio in NYC last November) IIRC, It was only lower before womeen could vote.

< b>FReepmail< /b> me if you want on or off my New York ping list.

2 posted on 02/13/2014 12:10:14 PM PST by neverdem (Register pressure cookers! /s)
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To: neverdem

New Yorkers can kick this greasy, little fascist pig out of Albany on November 4. Here is your alternative....

Expect his announcement in a few weeks. He will need money, and lots of it. Cuomo has more than $30MM in the bank. Let’s take back our state. Next on the list—Sheldon Silver. Have you seen those lovely come to NY and start a business commercials that Cuomo is running? 10 years of no taxes if you start a business in NY. What about the schmucks who have been here working?

3 posted on 02/13/2014 12:23:16 PM PST by NoKoolAidforMe (I'm clinging to my God and my guns. You can keep the change.)
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To: NoKoolAidforMe

Thanks for the link!

4 posted on 02/13/2014 12:33:28 PM PST by neverdem (Register pressure cookers! /s)
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To: neverdem

Thanks for the ping!

5 posted on 02/13/2014 12:34:07 PM PST by Alamo-Girl
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To: All
REFERENCE Cuomo's Social Engineering as HUD Chief Contributed to Subprime Crisis / originally published on

---SNIP---In 1993 President Bill Clinton appointed Andrew Cuomo (now NY governor) to the Department of Housing and Urban Development (HUD) as Assistant Secretary. In 1997 Cuomo took over as HUD chief replacing Clinton appointee Henry Cisneros. 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.

Many New York voters have been distracted by the gubernatorial candidate Carl Paladino's racist joke email forwards, what some are failing to see is the actual harm to the minority community directly caused by Cuomo's policies...and that is no laughing matter.

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 7077218.html

6 posted on 02/13/2014 1:10:42 PM PST by Liz
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To: Liz

Thanks for the excerpt and URL.

7 posted on 02/13/2014 1:25:07 PM PST by neverdem (Register pressure cookers! /s)
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To: All
It is astoundingly easy to steal from a federal housing agency......especially if you control millions of federal tax dollars pouring in.


REFERENCE---NRO---Colorado Health-Exchange Director Indicted (for Fraud, Theft as head of federal housing agency)

Ntl Review / By Jillian Kay Melchior

The director of Colorado’s health exchange has been placed on administrative leave after the state discovered she had been indicted for stealing from a non-profit, the Denver Post reports: [Christa Ann] McClure, 51, pleaded not guilty Feb. 6 in federal District Court in Montana to eight counts of theft and fraud from a nonprofit housing agency in Billings.

She was indicted Jan. 16 and notified her current Denver employer, the state-sponsored O/Care health exchange, on Monday, a few days after the story broke in Montana media, Connect for Health spokesman Ben Davis said in a telephone interview.

Connect for Health performed a criminal background check and checked references before hiring McClure in March, Davis said. “She was completely clean,” he said. Her position as executive director of Housing Montana of Billings, he said, made her well-qualified for her post as Connect for Health’s director of partner engagement — she was liaison with state and federal partners, such as Medicaid officials. The job pays $130,000 a year.… McClure, who has not been convicted of any charges, should have informed Connect for Health much earlier of the accusations she was facing, Davis said.

McClure was released pending trial, now scheduled for June. Each of the counts in the indictment against her carry potential penalties of five, 10 or 20 years in prison and a fine of $250,000.

The 12-page indictment alleges that, while serving as executive director of the federally funded Housing Montana, McClure, between 2008 and 2010, paid herself “significant sums” for consulting services, although she was already on the payroll as a full-time employee.

She also made payments to her family and used federal money for personal travel, to pay family bills and to buy consulting services, the indictment alleges.

She also is accused of charging homeowners for a $750 warranty that did not exist, converting a laptop for personal use, inflating the hours she was to be compensated and writing herself a $21,000 check to which she was not entitled. The indictment did not specify the total amount she allegedly embezzled.


8 posted on 02/13/2014 1:40:43 PM PST by Liz
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