Quick Partial Index (all are links) To Cuomo's Corruption And Its Cost

BLOG POSTS BEGIN BELOW THIS INDEX

Letter to Super DEBT Committee - Save $2 trillion dollars without harming Medicaid beneficiaries. link

Letter to Congress: save $200 billion in Medicaid in this year's budget.
link link
Congress notified of NY medicaid fraud by NYS link

Even with wildly optimistic pension earnings predictions, New York Debt per person including local debt is $24,195. For a family of four that is about $97,000. link

A. Latest on Chapter 10 Bankruptcy link 1 Link 2
B. Cuomo Budget Link 1 Link 2
C. NY Bonds Link1 Link 2 Link "Writing on Wall"

Cuomo as Governor
Medicaid Redesign Team: Medicaid Budget increases, not decreases Cuomo's Lobbyist Crony Heads Medicaid Redesign.
Cuomo's Lobbyist Crony renamed Consultant and all is well

1. Cuomo Stars as Captain Renault in Casablanca remake and link 2 Cuomo's repeat performances

2. Cuomo fails to follow Brown and cut his budget by 25%

3. More Cuomo fails to equal California's Brown

4. How States go bankrupt.

5. Cuomo and Medicaid headed nowhere

6. Look at Alternate currency: A Ron Paul, a $3 Cuomo, a California IOU

7. Cuomo's credit card taken away.

8. New Chapter 10 Federal Bankruptcy for States.

9. The new $3 Cuomo I.O.U.

10. Cuomo and NY Bondholders See The Writing On The Wall

11. New York Bankruptcy and Bond Devaluation

12. Cuomo Loads Up His Band Wagon With Committees For The Downhill Race With California

13. Ponzi to Madoff to Hevesi to DiNapoli; New York Learns About A Phony Safe 7.5% Pension Return

14 Economic Laws Lead Andrew Cuomo To A Hard Fall

15. Cuomo Meets "The Ghost Of NY Yet To Come"

16. Fiscal Disaster As Andrew Cuomo And His M.O. Are Slapped Down By Chinese Reality Checks

17. The New Word Order, "Nixon/Blogo/Cuomo" Predicates Andrew Cuomo's Fate

-Cuomo's prior corruption-

18. Cuomo Perfected His M.O. At HUD With $59 Billion Unaccounted For ; stealing the poor guys blind; Medicare $1.2 billion per year fraud; Multiple $50,000 bribes; Cuomo bungles criminal trial, rich executives walk;

19. The Second Cuomo's Smoking Gun: AEG Victory Celebration Needed Rev. Sharpton And Andrew Cuomo In The AEG Bag

20. Cuomo's Corruption Allowed $400 Million To Be Added to $1.2 Billion In NY Medicaid Fraud To Be Refunded By NY State To Federal Government

21. Andrew Cuomo Kisses And Makes Up With The Albany Swamp's Legislature Vermin, Reprobate Politicians, A Whore and Charles Rangel, Ashley Dupre, boss Vito Lopez, David Paterson, as obedient house boy, Andrew Farkas, who Cuomo accused of paying millions in kickbacks, and Allen Isaac (sex predator)

22. Sex Predator: Cuomo can clean his own nest

23. Cuomo changes pay to play to indirect payment and we're fooled

24. Cuomo bungles criminal prosecution

25. Cuomo covers up NY corruption

26. Cuomo covers up missing 9/11 Red Cross Money

27. $1.2 trillion loss resulted from the 50 % of $2.4 trillion in loans ordered by Cuomo at HUD, *Cuomo's smoking gun

************ BLOG POSTS BEGIN ***************


Andrew Cuomo Helps Sex Abuser's Cover-up And Claims As Official NY Policy

           Andrew Cuomo Failed Again To Clean The Sexual Abuser From His Own Nest 

Here are Cuomo's promises from his website Cuomo2010 in blue:

We must restore honor and integrity to government, with tough new ethics standards, expanded disclosure requirements, independent investigators to root out and punish corruption

       But Andrew failed to root out the corruption with independent investigators.  Check the story:  Ms. Luisa Esposito fought back against the connected insider and sexual predator, Alan Issacs, with this recording.  http://www.youtube.com/watch?v=1VPIxOiuT9Q&feature=related

      Ms.Esposito was stymied by the corruption and official misconduct *(NY Penal Law §195.00 Official misconduct) of various NY State and City employees who Andrew promised to root out.    Allen Issac was found to have made unwanted sexual advances to Ms.Esposito and committed Felony Level Sexual Abuse, Coercion And Soliciting Sex From His Client, Obstruction of Justice, etc.,  and these crimes were reported to Manhattan Special Victims Squad, and listed As "Felony Level Sexual  Abuse.";   Although there was an arrest warrant out for Defendant Allen Issac, the Police Department never acted upon because, "favors were called". 

  Andrew Cuomo, those favors and Issac's conduct and the continuing cover up by NY employed attorneys was the corrruption you promised to root out.  What's your Public Integrity Unit for?


       You could have answered before Federal Judge Scheindlin, that you :
1. Supported Ms. Esposito's application to Reopen.
2. Said you still claim immunity for all State employees for their official actions, but only for actions which carried out "your" and State policy to root out and punish corruption
3. Said any acts by State or City employees that did not carry out official policy and were a cover-up are not subject to immunity from Esposito's suit.


   And Andrew, it wasn't just one woman, because "Ms. Filomeno also reported Mr. Isaacs to DDC, because she had been similarily victimized  by Defendant, Allen Issac."


    Andrew Cuomo, don't blame this on your lackey, Monica A. Connell, because she only filed the court document in your name!   Your court filing indicates that Sex Abuse and subsequent cover-up by NY State employees were the official policy of NY State and not acts which were not part of their NY State employment.   By the way, the 11th amendment is superseded by the 14th Amendment in your legal arguments, in case you or Monica forgot:

        Andrew Cuomo, you lied in your Cuomo2010 website.  You haven't rooted out and punished corruption

   The filthy Sex Predator remains protected in your fouled nest. 

   Andrew Cuomo, did you get an indulgence for yourself and Issac from Marcia Pappas of NY NOW?   Otherwise, what's your excuse?  A FYI for your Public integrity Unit for a criminal prosecution follows:
        *  Penal Law §195.00 Official misconduct. A public servant is guilty of official misconduct when, with intent to obtain a benefit or deprive another person of a benefit:
1. He commits an act relating to his office but constituting an unauthorized exercise of his official functions, knowing that such act is unauthorized; 
or 2. He knowingly refrains from performing a duty which is imposed upon him by law or is clearly inherent in the nature of his office.

 

Andrew Cuomo's Predatory Heart Of Darkness

A journey begins into a modern "Heart of Darkness."   Reuters reports, "Racial predatory loans fueled U.S. housing crisis."

Cuomo enlarged the trough and the swine came running.


   And who benefited from Cuomo?   "The General Accounting Office (GAO)...in 2000 found that the Department was allowing lenders in the federally-insured mortgage business to engage in fraud and “flipping” that left homebuyers with crumbling houses and unaffordable mortgage payments. The fraudsters would buy property, often in poor neighborhoods, make cosmetic repairs and get puffed up property appraisals based in part on falsified documents attesting that homes had been renovated. They would sell them at high prices, with inflated mortgages, to unsuspecting buyers who trusted the appraisals. The owners of the houses quickly discovered their state, but often couldn’t afford to repair their homes, or pay the mortgages, so the mortgages were foreclosed, generating fees for property managers. And “flipped” again. It was the fraud dramatized by the Sopranos."

     "In fiscal 1999, HUD announced that it required $59 billion of “undocumentable adjustments” to balance the books...It had lost track of $59 billion! [But] Cuomo did not order the HUD IG to investigate the reason for the missing billions or to try to get the money back."




     Looking into Andrew  Cuomo's heart reveals his "love" for the those benefiting from his tenure at HUD and for his benefactor, Farkas.    While, Andrew Cuomo's rapacious heart could feel nothing for the unfortunate who were foreclosed to flip properties to his preferred, or the HUD tenants deprived of services,  it wasn't racial as implied in  "Racial predatory loans fueled U.S. housing crisis.".   It was Andrew Cuomo and the Devil demanding their due.  Andrew's heart, like the heart of his parabiosis, Gollum, encloses the darkest depravity.  Is Cuomo or the Devil racist?   No, Black, White, Brown or Yellow sheeple are equally fodder to be picked clean by the Devil's vultures circling their local chieftain, Andrew Cuomo.

   As in "Heart of Darkness, where, "Themes developed in the novella's later scenes include the naïveté of Europeans (particularly women) regarding the various forms of darkness in the Congo; the British traders and Belgian colonialists' abuse of the natives and man's potential for duplicity, the same themes repeat with the naïveté  of New Yorkers regarding HUD's (Cuomo's) evil intent, the government employees' and HUD lenders' and contractors' abuse of the Black and White natives of NY and Cuomo's duplicity.

  Why could this happen?   Because the "Devil's running dogs" covered and are still covering Cuomo's tracks.  i.e., Fred Dicker (The Post), The NY Times, The Times Union 




Andrew Cuomo's Affairs; He Cheated; He Lied

Cheating Andrew Cuomo's corruption affairs with male and female dregs both within and without NY government litter his court filings and his Public Integrity cover-ups.   Andrew Cuomo cheats on the People by taking money from lawyers who represent clients who Cuomo is acting against in court.   Who does Andrew Cuomo believe he's fooling with his donation forms, where "contributors [are asked] to sign a statement saying they have no “matter” pending with him. That rule “does not extend to attorneys representing persons or entities with matters before the NYS Attorney General’s office.

The faithless Andrew Cuomo promised us, "The influence of lobbyists and their special interests must be drastically reduced with new contribution limits; we will be taking on very powerful special interests which have much to lose. We must change systems and cultures long in the making.”    But," The New York Times shows that of the estimated $7.1 million that the Cuomo campaign has received from political action committees, associations, limited liability corporations and other entities, more than half has come from the biggest players in Albany: organized labor, the real estate and related industries like construction, the health care sector and lobbying firms."

    Yes, Andrew Cuomo, we understand, you're human; the lure of money was irresistible. 

But,  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."



    In 2008, you cheated; your staff lied; you promised:    " The Amnesty 'window' will be narrow;'Andrew's pretty serious about a real shake up, and he will not give state workers, including judges, more than 60 days to 'come clean.' The plan, dubbed 'CAP' (Cuomo's Amnesty Program) by AG lawyers, is said to specifically include all attorneys admitted to practice in New York, whether or not they are state employed. 'Heads will role once the Amnesty Program ends"

Did you protect women from sex predators?   Did you promise in your CAP program above that state attorneys heads will roll?   Well, you failed and you failed again. Tomorrow, your pitiful defense of the corrupt state employed attorneys will be exposed along with the failure of your Public Integrity unit to bring indictments. Where does your love lie? 

Unlike Clinton, this isn't your private sex life, this is your public life.  And you ask us to trust your cheating heart for another four years?


Andrew Cuomo, Stolen 9/11 Money, Corruption Moral Hazard

"Oh what a tangled web we weave, when we practice to deceive (the voters)"

   Just when Cuomo's answer in Sex Predator case is due today, Andrew Cuomo gets an additional try at not being a corruption moral hazard when he prepares his new answer on October 15, 2010 to newly pending federal action, 08cv2391, which concerns fraud, NY State corruption and $140,000.00 stolen from American Red Cross 9/11 donation money- still unpaid. What will Andrew do?

 "Andrew, Will they still love you when you lose?"

     Could this abort your governorship quest? Would they kick you after you've lost as the now adoring media did to Eliot Spitzer in this Client #9 video.   
 http://www.youtube.com/v/RoQ4KcYbf9w?fs=1&hl=en_US


Maybe, Andrew you'll convince CNN that you're better looking and should replace Spitzer?

Andrew Cuomo, Full Of Sound And Fury Has Met The Enemy...And It's Him

Like the cartoon character Pogo, Cuomo thrives but in the different Albany swamp.  But unlike Pogo, Cuomo is unable to utter the words, "We have met the enemy... and he is us."   Cuomo looks everywhere around him in his acknowledged swamp and says, "The government is dysfunctional;"  "There needs to be a new culture. You need to bring in new people. We have to remake the entire state government."   Cuomo needs a mirror.

      The Amsterdam News reports that Cuomo feels he is entitled to votes from New York City and the black community.  But the Amsterdam News asks Cuomo,"Where have you been? Where have you been these last four years? Your ads say that you have been there for New York, but for which New York? Do you mean Black and Brown New York? Upstate New York? Rich New York?"   The answer is Cuomo has been there for the corrupt, the whitewashing, the endless investigations going nowhere, and for serving as lawyer in Federal and State Court for corrupt criminal State employees.   And Cuomo has been there for the Black community, when he has appointed his father's toady, Judith Kaye (who never prosecuted a case), to persecute, but not prosecute Governor Paterson.  Probably for this and his legacy entitlement from Mario, that Cuomo hopes his sound and fury performances will fool enough idiots, whether Black, White, Yellow or Brown.

Andrew, you are the problem.

Coumo's Nest Cleaning Of Sexual Abuse Given A Reprieve Till Friday

The court gave an extension to Friday for Cuomo to file his answer to Esposito as described in Cuomo Can Clean Sexual Abuse From His own Nest on 9/17/2010 Before He Cleans Up Albany

Hopefully, Cuomo's sump pumps at the Attorney General's Office are not just discharging the corrupt sludge to somewhere else in Albany.   Has Andrew gotten a indulgence from Marcia Pappas at NY NOW? 

A Cuomo Family Personality Cult With Pay To Play Improvements

     Isn't nice when we can look down on North Korea and admire our more highly refined version.  Whereas, Kim Jong-il's personality cult around his family provides frequent food shortages, here in NY, our Cuomo personality cult hasn't produced  food shortages, and any pending fiscal collapse is only a future possibility.


       Whereas, Kim Jong-il's sister, Kyong-hui was just raised to four-star general, in NY we have "Attorney General Andrew Cuomo's cousin tried to help a client cash in on state pension fund business last year - a move made amid the attorney general's probe of a pay-to-play scandal."   Why would Andrew Cuomo investigations of pay to play in the Controller's office be of any concern when Andrew Cuomo runs his own version of pay to play in the Attorney General's office and it's funding Cuomo's campaign.  See "Two Faces As Cuomo Changes Pay to Play To Indirect Payment."

        "When Matthew Cuomo set up a June 23, 2009, meeting for Advanced Recovery - an upstate electronic-equipment recycling firm seeking a $5 million pension fund inveMonetizestment - with state Controller Thomas DiNapoli", Matthew Cuomo was only emulating the system in North Korea with Kim's family personality cult.

        In New York, we're so fortunate to have Mario bequest the governorship to his son.  Unlike North Korea, where the Workers' Party met for the first time in 30 years, just so Kim Jong-il could arrange a power transfer for his youngest son, in New York, our Mario anoints a successor without the expense of a Workers' Party conclave.

God's Silver Spoon Legacy For New York Attorney General?

Andrew Cuomo endorses another pampered silver spoon feed brat as Attorney General.   This promises a trifecta of spoiled brats as Attorney General.

   Beginning with Eliot Spitzer, whose father illegally financed "both Eliot Spitzer's 1994 and 1998 campaigns for New York Attorney General, where his father guaranteed loans illegally to finance the campaign and transferred property to Eliot that was used as collateral for a loan to pay off the preceding illegally guaranteed campaign loan."

The Attorney General's Office then was bequeathed to Andrew Cuomo, son of Mario.    And now, Cuomo has anointed Schneiderman, whose father,"Irwin Schneiderman, who has been a significant donor to his son’s campaign, {and}is a long-time member of the WNYC Board of Trustees and has been a generous donor to the station over the years" and who in a Spitzer replay significantly funds Schneiderman's campaign, complete with religious robo appeals.    Maybe, also a Jewish President retry?

   Schneiderman, likely will continue Cuomo's Moral Hazard Record with court corruption, behaving as a monkey with his hands over his eyes and ear plugs in his ears and nurturing corruption.  Senator Schneiderman failed to act on all the court corruption reported while Schneiderman was on the Senate Judiciary Committee.    Maybe, Schneiderman will listen to the hearings after he's elected.
September 24, 200 Senate Hearing http://www.youtube.com/nysenateuncut#p/u/0/knQLll5hmjs  
June 8, 2009 part 1 Senate Hearing http://www.youtube.com/watch?v=HR8OX8uuAb w
June 8, 2009 part 2 Senate Hearing http://www.youtube.com/watch?v=28afajRkDwY


    Poor Senator Schneiderman can't even use the excuse that he failed to attend those hearings, because copies of all the testimony summaries were delivered to Schneiderman.  Schneiderman's failures have spawned artistic attention in this video.

 Look at the progression, "Spitzer was ignominiously defeated in the courts in his NYSE and AIG prosecutions. [Although] Spitzer was a successful blackmailer as Attorney General - in court, not so good, losing 80 % of cases."


Cuomo drops the ball in court  http://cuomotarp.blogspot.com/2010/09/midnight-shredding-25000-documents-and.html


While Schneiderman may aspire to a monkey virtue of see no evil, hear no evil, will Schneiderman rename the Cuomo TARP for himself?  

Are Silver Spoons harmful to the voters? And in spirit of religious robo calls,  God help us!

Sherlock Holmes Looks At Spitzer, Gollum Cuomo, Crooks, The NY Times And Medicaid Fraud

           "Things aren't what they seem, skim milk masquerades as cream" (Gilbert and Sullivan)

How would Sherlock Holmes look at Spitzer/Cuomo? Are things what they seem or are there hidden villains? Spitzer begins a new CNN program October 4 with a non-flattering, "of course, the problem that Andrew has is that everybody knows that behind the scenes, he is the dirtiest, nastiest political player out there and that is his reputation from years in Washington. When his father was governor, he was the tough guy. He has brass knuckles and he played hard ball. He has a lot of enemies out there." 

     Maybe, Spitzer hasn't fully examined his downfall?  A new video is coming on Spitzer's demise.  It has Spitzer's enemies as Wall Street crooks and Senate leader, Bruno.  But Spitzer ought take a more detached Holmes'  like view and look who  had the most to gain.   Earlier on this blog, the quest of Gollum Cuomo for the "ring" is revealed.    Imagine Gollum's dread, were Spitzer to run for reelection as Governor and then President in 2012; Gollum's quest would fail because Gollum would be too old in 2020.

     But, there were others with much to benefit with Spitzer's downfall;  Wall Street investigations and prosecutions ground to a halt under Cuomo as Attorney General, but Spitzer could have kept the prosecutions moving by using his NY Constitutional powers to order Cuomo to prosecute those who Spitzer as governor might identify.

Scenarios and the potential winners

scenario 1: Wall Street investigations continue with the "Sheriff of Wall Street," now Governor (using his constitutional powers) directing his Attorney General to prosecute.  And a treasure trove of potential Wall street targets is provided by the Federal TARP bailouts.
    Winners - Spitzer;
  Losers - Cuomo loses the "ring" and is blamed by Wall Streeters using the Cuomo memo in the "smoking gun" on this blog as their excuse that they were just carrying out Cuomo's policy.

 scenario 2: Spitzer realizes Medicaid fraud is bankrupting NY State and orders Cuomo to prosecute.
Winners - Spitzer;
Losers - NY fraudsters in government and Cuomo for not acting in his Public Integrity Unit

the scenario that happened:  Spitzer leaves office in disgrace and "Wall Street" has nothing to fear from Cuomo; the NY Medicaid fraudsters keep their fattened positions and Cuomo now has the "ring" within his grasp.
 Winners - crooks and Cuomo
Losers - The People and Spitzer



Then there's the role of the NY Times, which first reported on the Spitzer scandal.  Clinton didn't resign for Lewinsky, who wasn't paid for sex.  So why would Spitzer resign for paying for sex? Was Spitzer more moral than Clinton?  What else did the NY Times and Feds have on Spitzer?  Did they get it from Cuomo?  And why didn't the NY Times report on the other possible federal charges against Spitzer?

       And then the NY Times removed another obstacle in Gollum Cuomo 's quest, Paterson.  Paterson slithered away after he was was exposed and threatened with further disclosures by the NY Times.  And now, the NY Times is expecting to smear possible new House Speaker, Boehner.    What other crimes and sleaze is the NY Times using to blackmail who else and for whom? On the right, the NY Times is the NY Slimes, or worse, and on the left you have Michael Moore placing blame.


                    Final Tally:
1.Spitzer loses governorship and first "Jewish" Presidency, but gets CNN job.

2. Wall Street crooks get the "Sheriff of Wall Street" off their backs and have a paid replacement, through their attorneys .   See Two Faced Cuomo changes Pay to Play.

3. NY Medicare fraudsters continue to fatten at the public trough while Andrew looks the other way.

4. Cuomo the dirtiest, nastiest political player out there,  fills his campaign chest and continues his quest for the "ring."
 

5. The NY Times succeeds at blackmail, but its supply of suckers shrinks rapidly.

Who says Cuomo did a good job?  The NY Times?  A good job for who, Wall Street Crooks and Medicaid fraudsters?  Spitzer, the NY Times' former love, was dumped for their new squeeze, Andrew.   The NY Times' bad boy choices lead to the question; what's the NY Times covering up on Andrew( the dirtiest, nastiest political player out there)? Andrew claims to want to drain the Albany swamp, but the outlet passing through the NY Times is willfully clogged with the Cuomo lovelorn.

Midnight Shredding 25,000 Documents And A Thanksgiving Hymn to Andrew

Andrew Cuomo can tell us about "Shredgate" (25,000 documents) which began under Spitzer and ended under Cuomo. "The allegations should violate anyone’s sense of justice: state workers shredding thousands of written requests for name-clearing hearings from people accused of child abuse, then falsely declaring that the accused had withdrawn their requests."   "The shredding party went on for a month in 2004 in the state Office of Children and Family Services’ headquarters in Albany, carried out as most illicit acts are: after midnight, when no one is watching."

       "But the state attorney general’s office, according to a spokesman, never investigated possible crimes or other violations that might have resulted in disciplinary action against the supervisors who ordered the shredding. The attorney general surely was aware of the allegations; his office defended the state in the lawsuit."

    The pattern repeats.   Cuomo's staff places the Cuomo TARP over crimes and/or malfeasances by State employees. The Cuomo TARP protects crooked lawyers, crooked judges and crooked State employees.  Criminal and reprobate State employees have much to thank Cuomo for.

  And a Hymn of Thanksgiving, which can be sung by a Choir of Reprobates in praise of their protector has been written.  It's to the tune of "What a friend we have in Jesus."


What a friend we have in Andrew,
all our sins and crimes to bear!
What a relief to not worry
with Andrew in the Attorney General chair!
O what peace we ought to forfeit,
O what pain and jail we ought bear,
but we are spared and protected
with Andrew in the Attorney General chair.

2. Have we trials and lamentations?
Are there indictments anywhere?
We need never be discouraged;
when we pay up with Andrew's Share.
Can we find an Attorney General so faithless
who will forsake the People so?
Andrew forgives our crime and avarice;
when we pay up with Andrew's share.

3. Are we fat and heavy laden,
cumbered with a load of care?
Precious Andrew, still our refuge;
when we pay up with Andrew's share.
Do the Voters despise and hate us? 
Well, we'll pay up with Andrew's share!
In his arms he'll hide and shield us;
we will find our protection there.




The People's Enlightenment Daily Prepares Us For Our New Governor

Things are so much better in NY.    In North Korea, "Leader Kim Jong-il likely to use Workers' party assembly to signal he is choosing youngest son Kim Jong-un as successor." Here in New York, Mario's oldest son was anointed governor in waiting by Mario.
     In North Korea, "an internal propaganda document praising Jong-un for his skill at organising a fireworks display and his expert handling of military vehicles. He is a genius of geniuses, the document said. He has been endowed by nature with special abilities. There is nobody on the planet who can defeat him in terms of faith, will and courage." And here in NY, The People's Enlightenment Daily, aka the NYT, has praise for our new governor in waiting and his flawless tenure in a real job as Attorney General and harsh criticism for the party spoilers.
      Praise be to Mario for raising, preparing and giving us our next governor.    And for our environmental image concerns, we wish for new colorful pictures of our governor in waiting in a "green" Mao suit.   And, of course, a identical looking version for the Cuomo Babuska doll.

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?).

Constitution Day 9/18/2010, Cuomo Replaces Bill Of Rights With Cuomo's TARP

The US Constitution gave us the Bill of Rights (first ten amendments) in federal actions, and after the Civil War the fourteenth amendment extended the Bill of Rights to the citizens of all States for State actions.    This was codified in federal law in 42 U.S.C. § 1983.
Although Supreme Court First Justice Marshall stated: "The Government of the United States has been emphatically termed a government of laws, and not of men. It will certainly cease to deserve this high appellation if the laws furnish no remedy for the violation of a vested legal right,"   when citizens of NY attempt to get federal remedy in federal courts for the deprivation of their civil rights by NY State, Andrew Cuomo through his attorneys claims that they can't obtain those rights
.   ExposeCorruptCourts.blogspot.com lists TEN federal cases in the growing New York Ethics Scandal.
1. (07cv09599) Anderson v The State of New York, et al
2. (07cv11196) Bernstein, et al v Appellate Division First Department Disciplinary Committee, et al
3. (07cv11612) Esposito v The State of New York, et al
4. (06cv05169) McNamara v The State of New York, et al   
5. (08cv02391) McKeown v The State of New York, et al
6. (08cv02852) Galison v The State of New York, et al
7. (08cv03305) Carvel v The State of New York, et al
8. (08cv04053) Weisshaus v The State of New York, et al
9. (08cv04438) McCormick v The State of New York, et al
10.(08cv05455) Capogrosso v The New York State Commission on Judicial Conduct, et al
     In NY, the Bill of Rights, Laws and any remedy for their deprivation  has been replaced by the Bill of Protection for crooked lawyers, judges and other protected State employee, aka, Cuomo's Tarp.
And we have the benefit of government by anointed men with the expected  "Legacy" ascension of Andrew Cuomo to Governor.
 

Wake Up Andrew Cuomo, Your Answer Due Tomorrow, Other Victims of Protected Sex Predator

This is a follow up to an earlier post below,
           Andrew Cuomo, it wasn't just one woman, Ms. Esposito, who was the victim of that sexual predator your office was protecting.   This from the court filing:  " Isaac's former legal secretary ...told Plaintiff,[that] Frank, the Calendar Clerk at Gladstein & Isaac, also witnessed Isaac grabbing Plaintiff's buttocks.  Frank reported this to his Office Manager, Margie Sanchez, and also to Ms. Filomeno; Coincidentally Ms. Filomeno was fired by Harvey Gladstein after she testified at the DDC.  Ms. Filomeno told Plaintiff that Frank, the Calendar Clerk was also fired by  Defendant Harvey Gladstein."  "Ms. Filomeno also reported Mr. Isaacs to DDC, because she had been similarily victimized  by Defendant, Allen Issac."

    Andrew Cuomo is this what women or men are to expect if they testify before NY State entities?   Is your office condoning this and/or obstructing justice?

    Tomorrow, September 17, clean your own nest and restore honor and integrity to the AG office by: 
     Answering tomorrow on September 17, before Federal Judge Scheindlin:
1.You support Ms. Esposito's application to Reopen.
2. Say you still claim immunity for all State employees for their official actions, but only for actions which carried out "your" and State policy to root out and punish corruption
3. Say any acts by State or City employees that did not carry out official policy and were a cover-up are not subject to immunity from Esposito's suit.

Cuomo Appears as Roman God, The Two Faced Janus, On Another Babuska Doll

Andrew Cuomo provides us with another babuska doll where he appears as the Roman God Janus. "Cuomo's campaign to the center has also infuriated the left, and at the victory party for the likely Attorney General nominee, Eric Schneiderman, jubilation was mixed with an eagerness to rub Cuomo's nose in it."
       Meanwhile, "Carl Paladino -- as a more plausible, if extremely longshot, vessel for a "mad as hell" anti-Establishment campaign against the"status Cuomo', " will provide no quarter for Cuomo's clean up promises.
       Poor Andrew Gollum Cuomo wanted to be Godlike, and chose Janus, whose two faces point in opposite directions.   The god-like Andrew's one smiling face ignored all the corruption while he was Attorney General and his other smiling face promises to clean up the same corruption.

Cuomo Can Clean Sexual Abuse From His Own Nest On 9/17/2010 Before He Cleans Up Albany

We open with Cuomo's promises from his website Cuomo2010 in blue:

1. Clean Up Albany

We must restore honor and integrity to government.
We must restore honor and integrity to government, with tough new ethics standards, expanded disclosure requirements, independent investigators to root out and punish corruption

       Now, Cuomo has a second chance on September 17 clean his own nest and to restore honor and integrity to his AG office.  While his staff protected and put the Cuomo TARP over NY state employees covering up for connected attorney, Allen Issacs, with their prior Federal Court filing, Cuomo on September 17 can now root out and punish corruption with the same action now again before the Federal Court.

     Here's the story:  Ms. Luisa Esposito fought back against the connected insider and sexual predator, Alan Issacs, in part with this recording.
http://www.youtube.com/watch?v=1VPIxOiuT9Q&feature=related

      Ms.Esposito was stymied by the corruption and official misconduct of various NY State and City employees named in her Federal suit.   Cuomo's office chose in the prior Federal suit to defend the acts of the corrupt, rather than "root out and punish the corruption."    Now, Ms. Esposito's is asking to reopen her Federal suit with new information and Judge Shira Scheindlin is giving Cuomo's office a chance to answer by September 17.

       Andrew, did you and your office err by condoning and/or obstructing criminal punishment for the following acts described in the Federal action?   Here's the quote from June 1, 2010 Order of  "The First Dept. Disciplinary Committee[which} charged respondent (Issacs) with professional misconduct including making unwanted sexual advances to LE.  Defendant, Issacs, committed Felony Level Sexual Abuse, Coercion And Soliciting Sex From His Client, Obstruction of Justice, etc., these crimes were reported to Manhattan Special Victims Squad, and listed As "Felony Level Sexual  Abuse"; there was an arrest warrant out for Defendant Allen Issacs, which the Police Department never acted upon because, "favors were called". 

     Here's what to do, Andrew:  In your answer on September 17, before Federal Judge Scheindlin:
1. Support Ms. Esposito's application to Reopen.
2. Say you still claim immunity for all State employees for their official actions, but only for actions which carried out "your" and State policy to root out and punish corruption
3. Say any acts by State or City employees that did not carry out official policy and were a cover-up are not subject to immunity from Esposito's suit.

The above E-mailed to Cuomo 9/12/2010

Andrew Cuomo Appears On Another Babuska Doll As Captain Of Keystone Cops

We open another Cuomo Babushka doll and inside is Andrew in a Police uniform with a badge saying Keystone Cop Captain.  Sadly, the Keystone State is Pennsylvania, but that doesn't prevent Andrew from happily smiling.

"A New York state judge has tossed out the felony convictions of two former Marsh & McLennan Cos. executives after finding that the state attorney general's office had failed to turn over to the defense potentially exculpatory evidence, including some 700,000 documents obtained during a related civil proceeding."

Judge "Yates did not buy what he called the "theoretical argument" that 'in the abstract,' the two  [Cuomo] bureaus' are separate and distinct entities operating in disconnected spheres'."   Keystone Captain Cuomo was claiming his right hand didn't know what his left was doing.   But the judge wrote,  "[O]ne office, under the control of one prosecutor is authorized to prosecute Martin Act violations by civil and/or criminal prosecution. Nowhere in this statutory authority conferred upon the Attorney General in either the Executive Law or the General Business Law is there a division of authority."

Richard L. Spinogatti and Robert J. Cleary of Proskauer Rose represented Gilman whose conviction was overturned.   But Keystone Captain Cuomo assuredly was not influenced by Proskauer contributions to his campaign.

The losers were the NY taxpayers who funded this Keystone Cop Farce.  Among the winners were Andrew Cuomo and Proskauer Rose.   Whether justice was served is lost in this farce.

Was Cuomo MIA With A $1.2 Billion Per Year Fraud: Was It The Peter Principle, The Dilbert Principle, Or Cuomo's TARP?


 Federal probe:
"The U.S. Centers for Medicare & Medicaid Services announced the probe Thursday"
"Medicaid payments to nine state institutions for the developmentally disabled, after the Poughkeepsie Journal revealed the facilities had reimbursement rates of $4,556 per day for each of 1,400 residents."
"State officials have said the actual cost of care is only about one-third the rate, and that much of the $1.2 billion in federal matching funds every year supports other state programs for the disabled."

Where was Cuomo and his office?   This is fraud, because State Officials say it costs only a third of the claimed $ 1.2 billion amount or $400 million a year.   Are Cuomo and his office asleep, incompetent or covering up (the CuomoTARP)?

Has Cuomo risen to his "Peter Principle" level of incompetence?    Or, has Cuomo risen from his failures at HUD under the Dilbert Principle to Attorney General?    Or has Cuomo kept his TARP covering up this immense fraud by State employees and political hacks?
 
Andrew, since "specifically, the federal agency ... pays half the rate as part of a 50-50 state-federal match, where is NY State's $1.2 billion dollar per year share going?   And how much of the state's share is being shifted onto Local County Tax bills?   How can State employees committing such fraud be retained and not prosecuted?

Court Corruption And Goons Flourish while Cuomo Defends The Corrupt

This blog continues again after my partial recovery following my knee replacement surgery due to an auto accident and complications resulting from that surgery, which made it difficult to sit before a computer. This post is in several parts with the letter to Cuomo and his opponents below (mailed on 8/24/10) in this post and the attachments detailing action in US Supreme Court in following posts.

Letter:                                                                August 24, 2010

Andrew M. Cuomo, Attorney General and Barbara D. Underwood, Solicitor General
           at The Capital, Albany NY  12224

Carl Paladino
 at Paladino for the People, PO Box 447, Buffalo, NY 14205


Rick Lazio
at Lazio 2010, Box 4818, NY, NY 10158

Re: Intolerable corruption, abuse, criminal conduct, Cuomo's duty under New York Law
                   Demand for protection and prosecution



Dear Andrew Cuomo, Barbara Underwood, Carl Paladino and Rick Lazio:


        It's intolerable, Andrew Cuomo.   My hospitalization on 6/15/10 for total knee replacement and the subsequent medical complications was aggravated by the depraved criminal acts intended to silence me and prevent filing of an action involving the AG's Office before US Supreme Court.           Dateline follows:

6/15/10 T. Finnan has total knee replacement surgery at Albany Medical,

6/17/10 T. Finnan in great pain and unable to walk is to be transferred to Schenectady Sunnyview Hospital. An ambulance transport is requested by T Finnan.

6/17/21 The nurse comes into his room to get T. Finnan ready to be discharged to two men with his “wife” who are waiting to transport him after discharge.

6/17/10 T. Finnan refuses discharge, telling nurse that he is not married and will leave only by arranged ambulance to Sunnyview Hospital.

6/17/10 Ambulance takes T. Finnan to Sunnyview where deep vein thrombosis and atrial fibrillation and low blood pressure are confirmed.

6/24/10 T. Finnan arranges his departure from Sunnyview and the simultaneous transport of his auto from Albany Medical to his home, 120 miles north of Albany. As T. Finnan is leaving Sunnyview, he learns that two men arrived just then arranging for his discharge to them, but T. Finnan leaves with his prearranged transport.

6/25/10 Visiting Nurse comes to his home and arranges home care and physical therapy at home.

6/26/10 Anonymous call comes to my home to tell me to go on line and check what happened to Sunny Sheu. Not recognizing the name, Sunny Sheu, I go on line and determine Sunny Sheu just died from head injury. T. Finnan becomes distraut and fearful because in his present condition he can hardly walk with his walker and he arranges for a Taxi to Plattsburgh NY Hospital.     T. Finnan decides it's unsafe for him alone at his home and after a follow up appointment with his surgeon, leaves for the State of Georgia and begins Physical Therapy in a safe environment . Both T. Finnan and his family felt that there was danger to his family, if T. Finnan was present at their homes from such characters.

                          Unluckily for opposing parties, although T. Finnan was unable to personally finalize, serve and send court papers to US Supreme Court, T. Finnan had left that to another before 6/15/10, who filed and served the papers with Supreme Court and docket number 10-70.

                                             Questions for Cuomo:

Were Cuomo or his supporters unhappy with my  CuomoTarp.blogspot.com  blog?

Was that my ex-wife at the hospital on 6/17/10?

Were Cuomo or his supporters unhappy with my demands to prosecute criminals whether or not they're judges or lawyers?

Does Cuomo ignore the corruption reported on ExposeCorruptCourts.blogspot.com and believe his duty is to defend crooked lawyers and judges?

                                                     Required action:

    Right now, Andrew Cuomo, call your client, Judge Kevin K. Ryan, and tell him you can not represent a crooked judge and you'll indict him based upon my criminal complaint filed in your office, if he doesn't immediately rectify his errors.     Andrew Cuomo, you're aware for almost four years of the horrors of corrupt NY courts and the malfeasances of the Commission on Judicial Conduct and the Attorney Disciplinary Committees.


                 Andrew Cuomo, begin with Penal law 195.00 Official misconduct: A public servant is guilty of official misconduct when, with intent to obtain a benefit or deprive another person of a benefit: 2. He knowingly refrains from performing a duty which is imposed upon him by law or is clearly inherent in the nature of his office.

             Andrew Cuomo, prosecuting crooked state employees according to above Penal Law  is clearly inherent in the nature of your office. There is no judicial immunity by the NY Constitution: "The power of grand juries to inquire into the wilful misconduct in office of public officers ... shall never be suspended or impaired by law."

            Were those your goons at the Hospital, Andrew Cuomo, or goons from Marsha Kameron and her attorney, Ara Asadourian?

            Mr. Paladino and Mr. Lazio, court corruption steals from the people and deprives them of honest government. Hold Cuomo accountable. See Exposecorruptcourts.blogspot.com and this blog, CuomoTarp.blogspot.com/ for continuing documentation.

Terence Finnan
PO Box 354
Keene NY 12942

Attached:
7/30/9 Letter to Tembeckjian and Commission on Judicial Conduct.


5/4/8 Letter to Judges Plumadore and Ryan with medical records, discharge date and court calendar showing 4/25/8 scheduled court date.

Appellate Affidavit detailing Judge Ryan’s FAX Notice to me when I had no fax receiver and perjury by Marsha Kameron.

Criminal Complaint against Robert Tembeckjian.

Criminal Complaint against Judge Kevin K. Ryan.

Condensed US Supreme Court Filing in July 2010, with criminal complaints against Marsha Kameron filed with US Justice Dept.

P.S. In re “Sunny Sheu”, contact NYC Police, 109 Precinct.

CC: Governor Paterson, FBI-Albany, Essex County DA, Press Republican, others

Cuomo's Silver Spoon Removed With Hard Knocks Behind The Finance Woodshed

The Cuomo apologists have dismissed the smoking gun of Cuomo's HUD press release with "he was well intentioned."  Some advice for Cuomo:  1. payday loans are not wise things; 2. you and who else expects income tax revenue to go up this year in NY;  and what happens if anticipated income tax revenue decreases?  So,now, what are Cuomo's well intentions for the following anticipated borrowings based only on anticipated income or to fund current outlays by NY State for the remainder of this year listed below:?

5/20/10       Local Government Assistance Bonds  $ 1/4 billion     borrow money for present outlays
5/26/10       Service contract Revenue                  $ 1/2+ billion    borrow money from future income
5/26/10       Personal Income Tax Revenue           $ 1/2- billion     borrow money expecting tax receipts
June 2010    Personal Income Tax Bonds              $ 1.2 billion      borrow money expecting tax receipts
Aug 2010     Personal Income Tax Bonds             $ 1/2- billion     borrow money expecting tax receipts
Aug 2010      Dormitory Revenue Bonds              $ 77.1 million    those students will cough it up
Sept 2010      Personal Income Tax Bonds          $ 1/2- billion     borrow money expecting tax receipts
Nov 2010      Personal Income Tax Bonds          $ 1.7 billion     after the election, so the suckers won't know

Does Cuomo expect income tax revenues to rise or remain constant to cover this projected borrowing or will the difference be made up by more General Obligation borrowing, which wasn't described in the above NY State Borrowings this year, but which is huge.

How is Cuomo responding to Sheldon Silver's millionaire's tax to cover shortfalls when that idea resulted in reduced tax revenues in Maryland and New Jersey

Did Cuomo fail in Federal Court to defend Gov. Paterson's one day furlough for State workers out of his incompetence or should we give him credit for a clever subterfuge to fool the voters that he and Paterson wanted to reduce expenses and stand up to the unions, but the Federal Court wouldn't let them.  (The subject of future blog and a definite problem for Cuomo if elected; is Cuomo going to ask the new AG to correct his earlier error and its resulting federal court precedent?)

Here's the finance lesson that was not included in Andrew's silver spoon childhood and his entitlement training;  and, that is painfully learned by many young people.

  Look at your credit card statement.   While your balance rises, you ignore the rising interest charged each month.  But, your income is decreasing and your expenditures are increasing.  This was no problem, because you just paid the minimum amount due each month, but, now, your interest charged approaches your minimum payment.  You've reached your credit limit and the bank wants a higher minimum payment and won't advance you more money for present expenditures.    You cry out to your parents, why is this happening to me; the bank's mean; help me; how can I live without my needed purchases; and you whine on.

The painful welcome behind the Finance Woodshed is received by Andrew and other such children to the "Brave New World of Responsible Finances."  Neither your parents nor the Chinese want to loan us money; they want a lot more for a bad risk.  And forget about the Greeks and Spaniards; they are looking for money also.   


Andrew, putting on the garb of a fiscal conservative to fool the suckers won't help.  Are going to ridicule Sheldon Silver's fiscal stupidity?   And, Andrew, what about the Working Family's nomination; are going to embrace the unions and Acorn and then tell us you're for reform and ending corruption?

And Andrew, brace yourself,  maybe, go home to your parents,  the bond rating agencies* will wise up to your (and Silver's) words and deeds; maybe before the election. 

Andrew, do you think, as governor, you can pull your TARP to cover up even more corruption and mishandled money?

*Standard & Poor’s, Fitch, Moody’s

Cuomo And Fiscal Disaster: The Still Smoking Gun

Andrew Cuomo's gun which is still smoking and it's firing which caused our economic recession/depression is found copied below.   It's the official HUD release and the important parts are in red.   I've done the arithmetic for the financially challenged Cuomo:   50% of $2.4 trillion dollars is $1.2 trillion dollars in mortgages, which Federal TARP was supposed to bail out. 
  Verdict:  Andrew Cuomo:  Guilty of gross fiscal ineptitude leading to economic disaster; a clear and present danger to NY finances; sentenced to pay back from his campaign treasury all those  "disproportionately benefited minorities and city residents," who Andrew Cuomo had claimed to help with his mortgages.  
           They'll need a strong Kool-aid for those who would nominate him for Governor. 

HUD Archives: News Releases

HUD No. 99-131
Further Information:For Release
In the Washington, DC area: 202/708-0685Thursday
Or contact your local HUD officeJuly 29, 1999

CUOMO ANNOUNCES ACTION TO PROVIDE $2.4 TRILLION IN MORTGAGES FOR AFFORDABLE HOUSING FOR 28.1 MILLION FAMILIES
See full chart of higher goals by metropolitan area

WASHINGTON - Housing and Urban Development Secretary Andrew Cuomo today announced a policy to require the nation's two largest housing finance companies to buy $2.4 trillion in mortgages over the next 10 years to provide affordable housing for about 28.1 million low- and moderate-income families.
Cuomo said the historic action by HUD raises the required percentage of mortgage loans for low- and moderate-income families that finance companies Fannie Mae and Freddie Mac must buy from the current 42 percent of their total purchases  to a new high of 50 percent  , a19 percent increase - in the year 2001. The percentage will first increase to 48 percent in 2000.
Commenting on the action, President Clinton said: "During the last six and a half years, my Administration has put tremendous emphasis on promoting homeowners and making housing more affordable for all Americans. Our housing programs and institutions have been a success. Today, the homeownership rate is at an all-time high, with more than 66 percent of all American families owning their homes. Today, we take another significant step. Raising the GSEs goals will help us generate increased momentum in addressing the nation's housing needs. I congratulate HUD Secretary Andrew Cuomo and the entire HUD team on their efforts in this important area."
"This action will transform the lives of millions of families across our country by giving them new opportunities to buy homes or move into apartments with rents they can afford," Cuomo said. "It will strengthen our economy and create jobs by stimulating more home construction, it will help ease the terrible shortage of affordable housing plaguing far too many communities, and it will help reduce the huge homeownership gap dividing whites from minorities and suburbs from cities."
The mortgage purchase requirement for Fannie Mae and Freddie Mac - known as the Affordable Housing Goals - was last set by HUD in 1995, under a requirement mandated by Congress. The goals came up for renewal this year, and HUD had the choice of leaving them unchanged, lowering them, or raising them. In addition to helping low- and moderate-income families, the new initiative will also increase the affordable housing goals for loans made to underserved areas and will raise the goal for mortgages to benefit families with very low incomes.
Under the higher goals, Fannie Mae and Freddie Mac will buy an additional $488.3 billion in mortgages that will be used to provide affordable housing for 7 million more low- and moderate-income families over the next 10 years. Those new mortgages and families are over and above the $1.9 trillion in mortgages for 21.1 million families that would have been generated if the current goals had been retained.
Fannie Mae and Freddie Mac buy mortgages for both individual homes and for apartment buildings.
Fannie Mae Chairman Franklin D. Raines joined Cuomo at the news conference in which Cuomo announced the HUD action. Raines committed Fannie Mae to reaching HUD's increased Affordable Housing Goals.
Others attending the news conference to express support for the new Affordable Housing Goals were National Association of Home Builders President Charles Ruma and Enterprise Foundation CEO Bart Harvey.
In addition, higher Affordable Housing Goals for Fannie Mae and Freddie Mac have been sought by the U.S. Conference of Mayors, the National Low-Income Housing Coalition, FM Watch and other groups.
Congress gave HUD the responsibility of regulating Fannie Mae and Freddie Mac because the two companies are Government Sponsored Enterprises (GSEs) that were chartered by Congress. The policy announced today will be implemented by HUD regulations. Such regulations go into effect after review by Congress and the Office of Management and Budget, along with a period of full public comment.
The GSEs buy mortgages issued by banks, thrift institutions and other mortgage lenders, and then package the loans and sell them to investors as mortgage-backed securities. When Fannie Mae and Freddie Mac buy the mortgages from lenders, they provide the lenders with the cash needed to issue new mortgages.
Congress has given GSEs special advantages - such an exemption from all state and local taxes except property taxes, and an exemption from Securities and Exchange Commission registration requirements. In addition, the ties of the GSEs to government has helped them get the highest credit rating to reduce their borrowing costs, and has boosted investor confidence in the two companies, thereby helping to increase their earnings. The Treasury Department reports that the benefits of federal sponsorship are worth almost $6 billion annually to the GSEs.
The GSEs are publicly chartered to provide broad public benefits. Congress, through Fannie Mae's and Freddie Mac's Charter Acts and the 1992 GSE Act, required that the two GSEs, in return for their publicly provided benefits, extend the benefits of the secondary mortgage market to a broad range of Americans. These include low- and moderate-income families, first-time homebuyers, and residents of communities underserved by mortgage credit.
If Fannie Mae and Freddie Mac fail to make a good faith effort to achieve the Affordable Housing Goals set by HUD, the Secretary of HUD has the authority to impose civil money penalties of up to $10,000 for each day the failure occurs.
Families are considered as having low and moderate incomes if they make no more than the area median income, which varies by community. The national average for the median income is $47,800.
In addition to raising the low- and moderate-income goal from 42 percent to 50 percent, HUD acted to raise two other Congressionally mandated goals. A special affordable housing goal for families with very low incomes and low incomes (those with less than 60 percent and 80 percent of area median) jumps from the current 14 percent to 20 percent (a 43 percent increase). In addition, a geographically targeted goal for underserved areas (central cities, rural areas, and underserved communities based on income and minority concentration) goes from 24 percent to 31 percent (a 29 percent increase).
The increase in the Affordable Housing Goals is part of the Clinton Administration's overall strategy to increase homeownership and the supply of affordable rental housing in the United States.
America's homeownership rate hit a record annual high in 1998, with 66.3 percent of all households owning their own homes. A total of 69.1 million families owned homes at the end of 1998 - 7.3 million more than when President Clinton took office in 1993. However, the homeownership rate varies a great deal between cities and suburbs, and between whites and minorities, as the chart below shows:

HOMEOWNERSHIP RATE 1998
NATION OVERALL 66.3
WHITE (non-Hispanic) 72.6
BLACK (non-Hispanic) 46.1
HISPANIC 44.7
CENTRAL CITIES 50.0
SUBURBS 73.2
The higher Affordable Housing Goals will disproportionately benefit minorities and city residents, helping to close the homeownership gap, Cuomo said.
In addition, the higher Affordable Housing Goals will help ease the crisis-level shortage of affordable housing documented by a HUD report issued in March. That report found that the number of families earning less than 50 percent of the area median income and either paying over half their incomes for rent or living in severely substandard housing remains at the record level of about 5.3 million

The Andrew Cuomo Male Babushka Doll; See His Smiling Face

Cuomo announces for Governor with video saying, "Andrew Cuomo works for us ... for my business and for my family;"  "I'm Andrew Cuomo, and I work for you;" and "Together, we can make New York great again. Let's get to work."  And on his campaign website, which includes titles like "New York doesn't work," Cuomo calls for "honest, effective government."

       If Cuomo wanted honest and effective government, why did and does he defend crooked NY Lawyers, crooked Judges and crooked State employees and not criminally prosecute them?  Here follows a small sample of actions defended by Cuomo involving only the First Department of the NY Courts' Four Departments which were grouped together at ExposeCorruptCourts.blogspot.com


1. (07cv09599) Anderson v The State of New York, et al 
   2. (07cv11196) Bernstein, et al v Appellate Division First Department Disciplinary Committee, et al 3. (07cv11612) Esposito v The State of New York, et al 
    4. (06cv05169) McNamara v The State of New York, et al
5. (08cv02391) McKeown v The State of New York, et al 
      6. (08cv02852) Galison v The State of New York, et al
7. (08cv03305) Carvel v The State of New York, et al
     8. (08cv04053) Weisshaus v The State of New York, et al
 9. (08cv04438) McCormick v The State of New York, et al
    10.(08cv05455) Capogrosso v The New York State Commission on Judicial Conduct, et al

        When Cuomo says he works for you and your family and business, what family/business is he referring to?  The Colombian Lawyers Association, or the lawyers with actions against NY State who contributed to his campaign treasury, or Wall Street's Goldman, who he hasn't criminally prosecuted?  After blowing away $1.2 trillion dollars, is Cuomo now going to tell us he learned something about government finances?
Is Cuomo telling us, he'll carry on his father's legacy, by not prosecuting Chief Judge Lippman and his Appellate buddy Judge Ramos for stealing $40 million dollars?
           Andrew Cuomo is the male image on the NY babushka (matryoshkas) doll.  Whereas in Russia, many began with  Mikhail Gorbachev, then Leonid Brezhnev, then Nikita Khrushchev, Josef Stalin and finally the smallest, Vladimir Lenin, the NY doll begins with Andrew Cuomo's smiling face announcing for Governor and descends through Andrew's various incarnations to an ultimate depravity.  Stay tuned here, as we look within the NY Cuomo Matryoshkas Doll.
(sneak preview,  A young Andrew nursing on the milk of corruption in the arms of the Eliot Spitzer doll)

Oh where, oh where is Andrew gone?

Oh where or where is our Andrew Cuomo gone?
Oh where, oh where can he be?
With his governor announcement time so shortly
and his camapign treasury so full;
Oh where, oh where can he be.

Paterson acts;
while Andrew dithers;
his legacy wanes;
as budget pains wax.

Poor Andrew, like Hamlet, suffers the arrows of outrageous spending excesses;
while waiting for his inherited acumen to arrive.

And what shall he do in the Federal court action;
be something for the People,
or something for the unions and nothing for a solution?

Oh where, oh where are you, Andrew? 





 

Cuomo: Elect me and Discover My Budget Solution

MLK paraphrased:  "Judge a man not on the color of his skin or his father's identity, but on the content of his character."

Is it time to sympathize with Gollum Cuomo?  He's entitled as his legacy to be governor.   He wants to be our messiah governor, restoring the legacy left by his father.  What should he do with the hearing on the restraining order about the NY budget?   Will he grant a personal hearing to the union bosses, if they or their attorneys contribute to his treasury and then purposely bungle the action on their behalf and blame it on the court.  Or follow the directives of Gov. Paterson.   How much money have union connected lawyers or unions contributed to his campaign treasury?   Will he use his 11th Amendment Argument against a federal district court as having no jurisdiction as he did in federal action 08-cv-0259 and in so many other cases against NY State that he defended in federal court?  Or is that argument reserved only for those who don't contribute to his treasury?


 What is Gollum Cuomo's solution to the NY budget crisis?  Must we wait until after he's governor to find out?  Does Gollum Cuomo believe the voters of NY were happy with the Bush legacy presidency, and receptive to a Cuomo legacy governorship?
   Please, Andrew Cuomo; forget the RING and your childhood silver spoon; tell us your budget solution and how it is different from your proclamation to give $1.2 trillion dollars in mortgages to those without resources to pay them back ?

Cuomo Bathes In His Own Hypocrisy In Buffalo

In Buffalo, the bully, Cuomo, has grabbed all the 'pay to play' marbles for himself, because his rules are for others and not for himself, as he is predestined by his father's legacy.  Comptroller, Thomas P. DiNapoli,  learned about  Cuomo's "do as I say, not as I do." When will Cuomo appoint an independent prosecutor to probe his office's and his personal dealings with  Global Strategies Group?
Doesn't the quote,  "Today's action is yet more evidence that kickbacks and corruption contaminated the Retirement Fund," said Robert Khuzami, director of the SEC' Division of Enforcement," apply equally to Cuomo's campaign funds which are kickbacks and corruption to Cuomo and his office and are received from attorneys with actions opposed to NY State's interests.  (described in the prior blog post, seen just below, dated 4/27/20100)

Andrew bathes in the Buffalo News headline, "Cuomo widens probe of  pay to play schemes," when he should have apologized "mea culpa" for his own pay to play indirect payment scheme.