The taint of Andrew Cuomo

NY Attorney General Andrew Cuomo (son of former NY governor Mario Cuomo) appears to be a lock for the democrat nod in the upcoming gubernatorial election this fall. Mired in scandal (what else is new for NY) current governor David Patterson will not be in the race which leaves Cuomo as the likely democrat choice. In a state that overwhelmingly favors democrats, it looks like Cuomo will be the next governor – if he runs, that is.

Cuomo has not yet declared his intention to run for governor and this (story here) might be the reason.

…catching up with Cuomo is his relationship with the mortgage meltdown that nearly destroyed the American economy. Appointed by Bill Clinton as secretary of the U.S. Department for Housing and Urban Development (HUD), Andrew Cuomo has been called “the father of the subprime crisis” for the policies he orchestrated.

It was Cuomo’s directives that mandated HUD to vastly increase the amount of risky home loans bought by quasi-governmental housing giants Fannie Mae and Freddie Mac. Now, Cuomo may be haunted by his tenure as HUD secretary, where he planted the seeds for the nation’s housing collapse.

The seeds had already been planted but Cuomo made sure there was plenty of water and fertilizer for this to grow into a spectacular garden of financial disaster. And the story gets better –  for after Cuomo left HUD, he reaped mighty rewards for his “gardening” prowess.

Though America’s financial fortunes suffered after Cuomo’s time at HUD, his own personal fortune soared. The bulk of this financial “windfall” came courtesy of Andrew Farkas, the billionaire real estate developer who helped Cuomo amass his wealth as a business partner and campaign fundraiser. Farkas — now Cuomo’s financial chairman as he circles the governorship — has personally given Cuomo at least $1.8 million in cash.

As New Yorkers are beginning to discover, Andrew Cuomo personifies the long reach of many at the top of the Democratic Party who built their fortunes on the mortgage bubble and the sub-prime collapse, but have yet to be tarred and feathered as architects of the nation’s worst housing crisis.

This is a well researched article that details the sordid story of Andrew Cuomo. If he does run, it’s more than likely that some of these details will become common knowledge. Then it will be up to the voters of NY to decide if they really want this douchebag for governor. If the republicans can field a credible candidate, they might have a chance.

The memory fades but the taint remains…

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5 Responses to “The taint of Andrew Cuomo”

  1. […] including corruptocrat Charlie Rangel, won by mostly wide margins. They elected corruptocrat Andrew Cuomo for governor, although his challenger Carl Paladino was certainly no prize, and both democrat […]

  2. […] expect, Andy? Of course, the AP’s slavish puff piece on Cuomo didn’t include anything like this: Though America’s financial fortunes suffered after Cuomo’s time at HUD, his own personal […]

  3. […] expect, Andy? Of course, the AP’s slavish puff piece on Cuomo didn’t include anything like this: Though America’s financial fortunes suffered after Cuomo’s time at HUD, his own personal […]

  4. […] we’re sorry” to “It wasn’t our fault, the government made us do it.” (more on that here) While congress grills these hapless former execs, the real scoundrels will very likely skate. […]

  5. […] And now a shoutout to my friends in NY: Are you folks ready for another governor Cuomo? […]

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