Friday, September 26, 2008

John McCain wants Andrew Cuomo at the SEC?

Disappointing if true. I've never been a big McCain fan, but Obama would be far far worse.
"The story of Cuomo’s involvement is no where better detailed than in an August fifth investigative piece in New York’s Village Voice. Titled, “Andrew Cuomo and Fannie and Freddie: How the youngest Housing and Urban Development Sectary in history gave birth to the mortgage crisis.”

Wayne Barrett details how as HUD Secretary, Cuomo forced Fannie Mae and Freddie Mac into the sub-prime mortgage business, conspired with the two giant GSEs or Government Sponsored Enterprises to help them escape oversight, and helped them and the banks making the loans they were buying hide predatory practices from borrowers."

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