Monday, February 08, 2010

Big Government Proponent Cuomo's Culpability

In the housing-fueled economic meltdown. Bill Clinton's HUD Secretary and current NY AG Andrew Cuomo is suing Bank of America. What gall. WSJ. Prosecutor, Charge Thyself. Andrew Cuomo has more to answer for than does Bank of America. (Emphasis mine):
HUD's Web visitors learn that in 1999 "Secretary Cuomo established new Affordable Housing Goals requiring Fannie Mae and Freddie Mac—two government sponsored enterprises involved in housing finance—to 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 percent—a 19 percent increase—in the year 2001."
And let's not forget Uncle Barney and the other Dem accomplices to this mess.

Throw the bums out this fall! Burning Down the HOUSE: P.S. Obama: Follow the Money. Illinois, lately headlining nationally with its early primary, is a cesspool. Obama's money-man Tony Rezko, convicted of fraud, hasn't been sentenced yet. Tony Rezko also funded the impeached Dem governor Rod Blagojevich in a big way, whose trial starts this June. And the Dem candidate for Obama's former seat, briefly inhabited by Blago's Bleepin Golden appointment gone wrong, is one Alexi Giannoulias. Currently Illinois State Treasurer with Obama's support providing the margin of victory, Giannoulias was banker to Rezko, mobsters, and an early big bucks' supporter of our President Barack Obama. Giannoulias is now dogged by the impending failure of the family Broadway Bank, and of his mishandling of college loan money. (And what about that hooker connection?)

Are you sick of this yet? Are you outraged at this political posturing and thuggish big government behavior? While the country pays for all of this?

More. Banking bloodbath in Illinois.

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