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I see "Tolerant and Compassionate" liberal Cuomo is flexing his nasty pro-abortion muscles....the blood-thirsty hater determined some of those "underwater homeowners" are pro-life....and he's all set to punish them. Read on.

NY POST----Cuomo, NYAG Schneiderman, duke it out over $600 million fund (pol pork-fest fight)

EDITED......Albany pols are in a boiling dispute over who gets to spend a $600M housing foreclosure settlement from JP Morgan Chase. Sap-happy lefties want to help underwater homeowners victimized by the subprime debacle.....vote-crazed Gov Cuomo's infected with "higher office brain disease" -- plans $2 billion in tax cuts – though his plan doesn’t count on the $600M settlement money.

LAUGH BREAK Bertha Lewis, president of the Black Insitute (former head of ACORN), said, “What I want to know is WTF? Why take our funds? This settlement money was intended to help struggling homeowners in New York, too many of whom are African-American and Latino.”

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REFERENCE Cuomo's Social Engineering as HUD Chief Contributed to Subprime Crisis / originally published on Examiner.com

---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.

NY'ers failed to see the actual harm to the minority community directly caused by Cuomo's HUD 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 http://voices.yahoo.com/cuomos-social-engineering-as-hud-chief-contributed- 7077218.html