Cuomo's Dual Role As Both A Financial And A Corruption Moral Hazard

Wikipedia describes "moral hazard:" "Politicians and regulators representing the taxpayer and voter may regulate financial institutions to lend money to specific voting blocks, special ethnicities, special interests, favored companies, and unionized businesses with favored unions, rather than regulate financial institutions to lend money in such a fashion as to reduce the risk the taxpayer will have to bail them out, particularly if the bailout is likely to happen after the next elections."  This aptly describes Andrew Cuomo's acts as HUD Secretary.   But Cuomo's also succeeded in extending "moral hazard" to NY State corruption.

"Andrew Cuomo became a "corruption moral hazard", to add to his prior "financial moral hazard" status.   In an earlier post here, Cuomo's CAP program's failure to be implemented was the beginning part of Cuomo's "corruption moral hazard"  And in the same post, "Cuomo 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 " This was Cuomo's earlier incarnation as the "financial moral hazard" which directly caused the Federal Tarp bailout and our present economic malaise.  See Cuomo's "smoking gun."

Cuomo as a "corruption moral hazard" was accentuated by his representation of crooked lawyers, judges and other State employees in Federal lawsuits. This is the direct cause of a newly  pending federal action 08 Civ 2391, which concerns fraud, NY State corruption and $140,000.00 stolen from American Red Cross 9/11 donation money- still unpaid; and which names
THE STATE OF NEW YORK; THE OFFICE OF COURT
ADMINISTRATION OF THE UNIFIED COURT SYSTEM; THE N.Y. STATE COMMISSION ON JUDICIAL CONDUCT; THE N.Y.S. 1ST DEPT., DEPARTMENTAL DISCIPLINARY COMMITTEE; THE N.Y.S. GRIEVANCE COMMITTEE, 9TH JUDICIAL DISTRICT;
and the following State employees
THOMAS J. CAHILL, in his official and individual capacity;
SHERRY K. COHEN, in her official and individual capacity;
GARY L. CASELLA, in his official and individual capacity;
NANCY J. BARRY, in her official and individual capacity;
FRANCIS A. NICOLAI, in his official and individual capacity;
JOSEPH M. ACCETTA, in his official and individual capacity,
ROBERT M. DIBELLA, in his official and individual capacity;
ANTHONY A. SCARPINO, in his official and individual capacity

  Cuomo's duty is to NY State and a honest lawful government, not to the protection of crooked State employees.  But, Andrew Cuomo used NY State funds and employees to defend fraud, theft and corruption criminal acts and to obstruct justice by not protecting NY State's interest in honest government and instead defending the criminal acts by State employees.

Luke 16:13 "No servant can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. You cannot serve God and mammon."


       Andrew Cuomo, you cannot serve the People of NY and Mammon's corrupt NY courts.  Your failure to carry out your CAP program encouraged more corruption and your multiple defenses of crooked State employees in a large number of Federal Corruption cases while Attorney General encouraged even more. The "smoking gun post" has a exact copy of your memo creating a financial moral hazard and along with it our current recession (depression?).