Andrew Cuomo...
... may be in some deep trouble...
...let's hope, because he skated on the mortgage meltdown.
In case, you've forgotten:
//Andrew Cuomo, the youngest Housing and Urban Development secretary in history, made a series of decisions between 1997 and 2001 that gave birth to the country's current crisis. He took actions that—in combination with many other factors—helped plunge Fannie and Freddie into the subprime markets without putting in place the means to monitor their increasingly risky investments. He turned the Federal Housing Administration mortgage program into a sweetheart lender with sky-high loan ceilings and no money down, and he legalized what a federal judge has branded "kickbacks" to brokers that have fueled the sale of overpriced and unsupportable loans. Three to four million families are now facing foreclosure, and Cuomo is one of the reasons why.
What he did is important—not just because of what it tells us about how we got in this hole, but because of what it says about New York's attorney general, who has been trying for months to don a white hat in the subprime scandal, pursuing cases against banks, appraisers, brokers, rating agencies, and multitrillion-dollar, quasi-public Fannie and Freddie.//
Showing posts with label Andrew Cuomo. Show all posts
Showing posts with label Andrew Cuomo. Show all posts
Monday, January 26, 2015
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Andrew Cuomo
Monday, August 11, 2014
Funny how Chris Christie's Bridgegate is big-time news...
... but Andrew Cuomo's corruption issues aren't.
... but Andrew Cuomo's corruption issues aren't.
But despite the passage of timely balanced budgets, New York State government isn’t in great shape. Lately, more Albany politicians have gone on to prison than to higher office. Most of the cases involved bribery. In an attempt to reduce the influence of money in the New York capital – or, in the eyes of skeptics eying his $35 million war chest, appear as if he wanted to reduce said influence – Cuomo appointed the Moreland Commission to investigate politicians’ unethical and illegal behavior. To demonstrate the gravity of his endeavor, he had state Attorney General Eric Schneiderman officially designate commissioners as deputy attorneys general, thereby granting them law-enforcement powers. But once the commission got started, the trail led to some of Cuomo’s biggest funders.Whoops.The governor then faced a choice: endure any embarrassing revelations an inquiry may produce, or quash the inquiry and avoid short-term re-election campaign turbulence. Cuomo chose political expedience.According to the New York Times and my conversations with people involved, Cuomo’s top aide Larry Schwartz called commissioners and commission staff multiple times and directed them not to subpoena major Cuomo backers. Federal witness-tampering law bars attempts to conceal documents or otherwise obstruct an official proceeding.Soon thereafter, following passage of a watered-down ethics bill that gave Cuomo the political victory he felt he needed, the governor dissolved the commission. That’s when Bharara decided to pursue the tangled threads left by the commission’s abrupt disbandment.Though Cuomo hunkered down when City and State and the New York Daily News ran smaller stories about his administration’s meddling, he denied any inappropriate interference after the recent Times expose. In concert with his public statement, another senior Cuomo aide, Joseph Percoco, allegedly called several commissioners to request public statements backing up Cuomo’s; Schwartz may have resisted making the calls this time around. Several supportive statements from commissioners magically appeared in media inboxes within minutes of each other. Percoco’s intervention may have violated federal obstruction of justice statutes, which prohibit attempts to “influence, obstruct, or impede, the due administration of justice.” Courts have expansively interpreted the “due administration of justice” clause to forbid any conduct interfering with a legal proceeding, which would encompass Bharara’s investigation.
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Andrew Cuomo
Wednesday, January 22, 2014
Tolerance - The Moment between breathing out one orthodoxy and breathing in another.
Father Baron is not given to hyperbole.
Father Baron is not given to hyperbole.
Last week two outrageously anti-Catholic outbursts took place in the public forum. The first was an article in U.S. News and World Report by syndicated columnist Jamie Stiehm. Ms. Stiehm argued that the Supreme Court was dangerously packed with Catholics, who have, she averred, a terribly difficult time separating church from state and who just can’t refrain from imposing their views on others. Her meditations were prompted by Justice Sonia Sotomayor’s granting some legal breathing space to the Little Sisters of the Poor, who were objecting to the provisions of the HHS mandate. As even a moment’s thoughtful consideration would reveal, this decision hadn’t a thing to do with the intrusion of the “church” into the state, in fact just the contrary. Moreover, the appeal of American citizens (who happen to be Catholic nuns) and the decision of a justice of the Supreme Court in no way constitute an “imposition” on anyone. The very irrationality of Stiehm’s argument is precisely what has led many to conclude that her column was prompted by a visceral anti-Catholicism which stubbornly persists in our society.The second eruption of anti-Catholicism was even more startling. In the course of a radio interview, Governor Andrew Cuomo blithely declared that anyone who is pro-life on the issue of abortion or who is opposed to gay marriage is “not welcome” in his state of New York. Mind you, the governor did not simply say that such people are wrong-headed or misguided; he didn’t say that they should be opposed politically or that good arguments against their position should be mounted; he said they should be actively excluded from civil society! As many commentators have already pointed out, Governor Cuomo was thereby excluding roughly half of the citizens of the United States and, presumably, his own father, Mario Cuomo, who once famously declared that he was personally opposed to abortion. Again, the very hysterical quality of this statement suggests that an irrational prejudice gave rise to it.One does not have to search very far, of course, to find the source of this prejudice deep in the American national consciousness. Many of the Founding Fathers harbored suspicions of Catholicism that came from their intellectual formation in both Protestantism and Enlightenment rationalism. Read John Adams’s remarkable reaction to a Catholic Mass that he attended in Philadelphia to sense the texture of this prejudice. As the waves of immigrants from Ireland, Germany, and Southern Europe arrived on American soil in the 19th century, many figures in the political and cultural establishment feared that an influx of Catholics would compromise the integrity of American society. Accordingly, they organized political parties the platforms of which were specifically and virulently anti-Catholic. It is startling to realize that this political anti-Catholicism was not the exclusive preserve of yahoos and extremists. Prominent and mainstream figures such as Ulysses Grant and Woodrow Wilson were vehement in their opposition to the Catholic Church. Many have argued that the election of the Catholic John F. Kennedy to the presidency in 1960 signaled a sea-change in American attitudes toward the Church, but we have to be cautious, for Kennedy represented, more or less, a privatized Catholicism that posed no real threat to the societal status quo.What is particularly troubling today is the manner in which this deep-seated anti-Catholicism is finding expression precisely through that most enduring and powerful of American institutions, namely the law. We are a famously litigious society: The law shapes our identity, protects our rights, and functions as a sanction against those things we find dangerous. Increasingly, Catholics are finding themselves on the wrong side of the law, especially in regard to issues of sexual freedom. The HHS mandate is predicated upon the assumption that access to contraception, sterilization, and abortifacient drugs is a fundamental right, and therefore to stand against facilitating this access, as the Church must, puts Catholics athwart the law. The same is true in regard to gay marriage. To oppose this practice is not only unpopular or impolitic, but, increasingly, contrary to legal statute. Already, in the context of the military, chaplains are encouraged and in some cases explicitly forbidden to condemn gay marriage, as this would constitute a violation of human rights.And this is why the remarks by Andrew Cuomo are especially chilling. That a governor of a major state — one of the chief executives in our country — could call for the exclusion of pro-lifers and those opposed to gay marriage suggests that the law could be used to harass, restrict, and, at the limit, attack Catholics. Further, the attitude demonstrated by the son of Mario Cuomo suggests that there is a short path indeed from the privatization of Catholic moral convictions to the active attempt to eliminate those convictions from the public arena. I would hope, of course, that it is obvious how this aggression against Catholics in the political sphere ought deeply to concern everyone in a supposedly open society. If the legal establishment can use the law to aggress Catholics, it can use it, another day, to aggress anyone else.— Father Robert Barron is the founder of the global ministry, Word on Fire, and the rector/president of Mundelein Seminary. He is the creator of the award-winning documentary series, Catholicism and Catholicism: The New Evangelization.
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