Today's letters to Bond Rating Agencies concerning the post immediately below.
October 21, 2010To: Moody's Investors Service
175 Federal Street, Suite 501, Boston, MA 02110
Standard & Poors
55 Water Street New York, New York 10041
Fitch's
One State Street Plaza, New York, NY 10004
re: POST: Andrew Cuomo's Corruption Allowed $400 Million To Be Added to $1.2 Billion In NY Medicaid Fraud Which Must Be Refunded By NY State To Federal Government
and your potential liabilities
Dear Rating Agencies:
This is to make you aware of the moral, financial and corruption hazard that was and is Andrew Cuomo and the disasterous effects on NY Bond values. You may not be aware of the Medicaid returns liability facing NY State and the costs of these Medicaid frauds to NY Counties. My blog CuomoTARP.blogspot.com describes liabilities to NY State for the return of Medicaid funding of $1.6 Billion dollars. If you look at the links on the blog, you'll access original federal documents.
Mr. Cuomo may be hoping to fool the people, but you do not want any liability imposed on you for ignoring these reported Medicaid liabilities that can be considered a small sample of a much larger problem when other NY Medicaid transactions will certainly be examined.
"A word to the wise suffices."
Sincerely, T. Finnan, CuomoTARP.blogspot.com
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