Sunday, February 07, 2010

Flogging Cumo

Blaming Bank of America - WSJ.com: "...Mr. Cuomo's drive to pump up the volume on taxpayer-backed mortgages didn't stop at Fannie and Freddie. In 2008, Wayne Barrett wrote in the leftist Village Voice about the changes Mr. Cuomo wrought at the Federal Housing Administration, encouraging bigger loans with smaller down payments.

Even if one believes the allegations hurled by the New York Attorney General, Mr. Cuomo has done far more harm to taxpayers and investors than the defendants, by any reasonable measure. A better use of time would be to investigate his own involvement in the mortgage meltdown in the hope that he will do less damage while taxpayers continue to pay his salary."

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