CUOMO LOSING THE MO FOR THE GOV POSITION IN N.Y. PALADINO STEALING THE DEMOCRAT THUNDER
When any politician is running subsequent to one of their relatives retiring or just jumping into the race, it is our feeling that enough is enough. These politicians want to keep doing to us what their forbearers have done to us'; and you all know what that is. They screwed us too many time over. For example, Andrew Cuomo, from N.Y, says he found the Holy Grail and now knows how to fix the problem that he and his Father helped create. Dam it, we say to them, that we don't need you to fix our own problems and we don't need government's help. Thank you, but no thank you. Mr. Cuomo, by now you know, is running for the Governorship of the Empire State. All of a sudden Mr. Cuomo is drinking TEA. We say to Andrew Cuomo, meet Carl Paladino. He will be your next governor.
The paragraphs below relate to a Andrew Cuomo's stewardship of HUD while he was the Secretary of that government agency.
But when presented (Mr. Cuomo) with chances to throttle back on the exploding subprime market, guard against predatory lending and reel in mortgage brokers and lenders, Mr. Cuomo several times faltered and backed down, interviews and records show. He did not heed local officials and others who wanted him to make Fannie and Freddie publicly report details about the loans they bought.
And he chose not to impose penalties and other deterrents to ensure that the giant public banks did not promote dangerous lending. He also reversed himself, under heavy lobbying pressure from mortgage brokers and bankers, on the arcane but costly mortgage-broker payments known as yield spread premiums. These were lucrative bounties that banks paid to brokers who found new clients; the unwitting borrowers paid higher-than-market interest rates as a result.
http://dribinhousing.typepad.com/my_weblog/2010/08/an-analysis-of-andrew-cuomos-tenure-at-hud.html

http://paladinoforthepeople.com/, Click here to donate to Mr. Paladino's Campaign.


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