"The Government of the United States has been emphatically termed a government of laws, and not of men." Chief Justice Marshall writing in Marbury v. Madison, 5 U.S. (1 Cranch) 137 (1803)
We can see NY's future from Andrew Cuomo's new vision of Justice in Charlie Rangel's theatrics this week in his "Ethics Trial." Andrew Cuomo has said he'll not authorize the new Attorney General, Scheiderman, to investigate and prosecute criminally that special class of crooked NY politicians.
Although, Charlie Rangel has admitted, "Rangel's solicitation letters asked for $30 million, or $6 million a year for five years," Andrew Cuomo failed to prosecute Rangel under NY Penal Law §100.05 Criminal solicitation in the fourth degree. A person is guilty of criminal solicitation in the fourth degree when: 1. with intent that another person engage in conduct constituting a felony, he solicits, requests, commands, importunes or otherwise attempts to cause such other person to engage in such conduct.
Although, Rangel has admitted, "Failure to pay taxes for 17 years," Andrew Cuomo failed to prosecute Rangel under NY Tax Law §1806. Criminal tax fraud in the first degree. A person commits criminal tax fraud in the first degree when he or she commits a tax fraud act or acts and, with the intent to evade any tax due under this chapter,or to defraud the state or any subdivision of the state, .. Criminal tax fraud in the first degree is a class B felony.
Did you see the theatric pain that NY's ruling class's Rangel showed while wiping away the tears in his eyes. Do you now appreciate Andrew's new vision for New York to replace criminal prosecution of crooked politicians with new ethics laws and ethics investigations?
Thank you, Andrew for your vision that our ruling class needs special treatment, while the lowly we respond best to the full penal weight of the law. "Tears punish our ruling class better than jail."
Andrew, thank you for your more just system where laws are relative to a person's stature and class and do not blindly treat all as equal before the law. Justice Marshall was the past from 1803 and you are our future.
Cuomo's Budget Makes New York The Favorite Over California For "First State Bankrupt" Prize
The race is on just as the Ghost of Arnold of California predicted. California is in the lead, but with Andrew Cuomo driving the band wagon on this downhill leg and with his budget frauds shown on this blog, New York may make it first to the bottom win the First State Bankrupt Prize.
Here's the latest news: California Bond Woe Bodes Ill for States with, "posting its sharpest selloff in nearly two years, as investors demand higher interest rates to buy paper issued by states, cities and counties to finance their operations."
Look at all the factors for Cuomo winning the downhill race:
1. NY promises to earn 7.5% Safe Return on pension investments
2. Now, tax receipts are down (24.4 points) from manufacturing of non-government source.
3. Of course, there's the missing $6.8 Billion in the budget.
4. There's the cost of Andrew's ethics instead of criminal prosecution of Albany's crooks.
5. There's Andrew's record as shown in the links in the index above. Jerry Brown is no match for $1.2 trillion and $59 billion stolen.
The odds on favorite: Andrew and his band wagon will make it to the Bottom first and claim the Prize.
Andrew Cuomo Cheered As Swamp King While He Gives A Second Companion Piece Thank You
The Albany Swamp held their Rejoice Party this week and watched new videos of the Swamp's vermin.
The King Returns In Triumph
They watched the vermin, Charley Rangel, strut "his striped tie, his red pocket handkerchief bright and cheery enough to attract hummingbirds and on his finger, a glittering ring the size of a butter plate." The Swamp roared with laughter, "ethics committees, ethics committees, so much better than a jail cage."
And the laughter continued as Andrew Cuomo said, "[I'm]hesitant to empower Eric Schneiderman to investigate public corruption at the attorney general’s office," and "would prefer a comprehensive change of the government through an ethics bill he hopes to pursue in the Legislature next year." And the swamp exploded, "An ethics probe, an ethics probe, just like the Rangel ethics probe."
Then Cuomo pulled out his CuomoTARP again and threw it over a stinking swamp pit saying,"I want to see what happens with the ethics reform with the Legislature, before I lift my CuomoTARP." And the Swamp chorus roared: "Yeah, yeah, Andrew, Only after Godot returns, next year.
The Swamp laughed as the new Attorney General, Scheiderman, crawled into the Swamp and threw a tantrum crying "that silver spoon feed brat, Andrew, has taken away my toys."
Then Swamp King Andrew's, new Cleaning Up Albany Together video played where Andrew promises at 2:03 minutes to lift the CuomoTARP he's kept over NY corruption for the last four years. When the video concluded, Andrew told the swamp, "Remember in 2008, when I promised in my 'CAP' (Cuomo's Amnesty Program) that 'Heads will role once the Amnesty Program ends,' well, I scored a thousand percent (1000%), because after my last 4 years on the job, absolutely nothing happened." And the Swamp chorus, "Lift the TARP; lift the TARP, Andrew, but only after Godot returns next year.
Then Andrew gave his Second Thank You (The Swamp Version of Cleaning Up Albany) Address to the faithful in the Swamp.
Now, Laugh at an earlier swamp gathering; link with Ashley Dupre
Then, cry at a snare in the Swamp: link
They watched the vermin, Charley Rangel, strut "his striped tie, his red pocket handkerchief bright and cheery enough to attract hummingbirds and on his finger, a glittering ring the size of a butter plate." The Swamp roared with laughter, "ethics committees, ethics committees, so much better than a jail cage."
And the laughter continued as Andrew Cuomo said, "[I'm]hesitant to empower Eric Schneiderman to investigate public corruption at the attorney general’s office," and "would prefer a comprehensive change of the government through an ethics bill he hopes to pursue in the Legislature next year." And the swamp exploded, "An ethics probe, an ethics probe, just like the Rangel ethics probe."
Then Cuomo pulled out his CuomoTARP again and threw it over a stinking swamp pit saying,"I want to see what happens with the ethics reform with the Legislature, before I lift my CuomoTARP." And the Swamp chorus roared: "Yeah, yeah, Andrew, Only after Godot returns, next year.
The Swamp laughed as the new Attorney General, Scheiderman, crawled into the Swamp and threw a tantrum crying "that silver spoon feed brat, Andrew, has taken away my toys."
Then Swamp King Andrew's, new Cleaning Up Albany Together video played where Andrew promises at 2:03 minutes to lift the CuomoTARP he's kept over NY corruption for the last four years. When the video concluded, Andrew told the swamp, "Remember in 2008, when I promised in my 'CAP' (Cuomo's Amnesty Program) that 'Heads will role once the Amnesty Program ends,' well, I scored a thousand percent (1000%), because after my last 4 years on the job, absolutely nothing happened." And the Swamp chorus, "Lift the TARP; lift the TARP, Andrew, but only after Godot returns next year.
Then Andrew gave his Second Thank You (The Swamp Version of Cleaning Up Albany) Address to the faithful in the Swamp.
The text of his Second Thank You:
I'm King thanks to your money; your lies; your cheating; you did whatever to make me King.
My loyalty is to this swamp; regardless of what I say outside.
You know my record; the indictments not obtained; the cases settled without restitution or jail time.
You're my extended family.
This Swamp has drainage in all 62 Counties where you knew I would protect you.
Ethics Boards and Commission Investigations weren't jail or restitution.
My game, nothing happens until the legislature creates ethics probes; then I blame them and wait another year for a Commission Investigation.
This Swamp has been around a long time and I'll keep it thriving. Now, Laugh at an earlier swamp gathering; link with Ashley Dupre
Then, cry at a snare in the Swamp: link
From Ponzi to Madoff to Hevesi to DiNapoli; New York Learns Anew About Bond Losses And A Phony Safe 7.5% Pension Return
Madoff had promised safe returns of 10% before the economic recession began.
The SEC warns in its Ponzi Schemes – Frequently Asked Questions that Ponzi schemes share common characteristics:
High investment returns with little or no risk
Overly consistent returns.
NY Comptroller, DiNapoli now promises safe returns of 7.5%, when the NY pension plan for the prior ten years, when higher safe returns were possible, never earned over 4%. DiNapoli had claimed the NY Pension Funds were getting 8% expected returns for his first three and one half years in office.
Now look at Greece, where, "Greek bond yields, a measure of investor confidence in the country's finances, rose on Monday, with the rate on 10-year paper up to 11.280 percent from 11.184 percent on Friday."
and "The Greek economy shrank 4.5 percent in the last 12 months, official data showed on Friday. Gross domestic product contracted by 1.1 percent in the third quarter."
Now back to NY, where "The Federal Reserve Bank of New York reported its manufacturing activity index dropped to minus -11.1 points in November, from a positive +15.7 points in the previous month. The Empire State Manufacturing Survey index is considered a bellwether of the manufacturing sector which has been a key strength in the economic recovery. It was the first time the index fell below zero since July 2009, the month after the worst recession in decades was officially declared over. The sharp 27-point decline surprised analysts, who had forecast on average a slip to a positive 11.7-point reading. The new orders index plummeted to minus 24.4 points, from positive 12.9 points in October."
Now, tax receipts are down (24.4 points) from manufacturing (a bellweather) of non-government sources; there's a 420% increase in the taxpayer share of pension costs; NY's borrowing costs for next year which earlier were predicted at $5.6 Billion with the TIC (True Interest Cost) of recent offering: 3.357% will quickly move up to paying the Greek rate of 11.28%. Thus NY's borrowing costs will move up from $5.6 Billion to $18.8 Billion. ($5.6 Billion times 11.28% divided by 3.357% = $18.8 Billion)
Did you think public corruption would be rooted out? Not yet as, "Cuomo Hedges On Signing Over New Investigatory Powers To Schneiderman For Public Corruption Cases."
But alas, as Ponzi and Madoff learned, economic reality (interest rates, revenues and spending) is a harsh task master, irregardless of your protectors.
Follow the money, Comptroller DiNapoli! Oops, the money's disappeared!
Hoping for the Tooth Fairy, an understanding Congress, iou's for bond holders or State workers?
Quick sell your NY Bonds. Greek bonds pay 11.28% guaranteed by the EU. Who's guaranteeing NY Bonds?
The SEC warns in its Ponzi Schemes – Frequently Asked Questions that Ponzi schemes share common characteristics:
High investment returns with little or no risk
Overly consistent returns.
NY Comptroller, DiNapoli now promises safe returns of 7.5%, when the NY pension plan for the prior ten years, when higher safe returns were possible, never earned over 4%. DiNapoli had claimed the NY Pension Funds were getting 8% expected returns for his first three and one half years in office.
Now look at Greece, where, "Greek bond yields, a measure of investor confidence in the country's finances, rose on Monday, with the rate on 10-year paper up to 11.280 percent from 11.184 percent on Friday."
and "The Greek economy shrank 4.5 percent in the last 12 months, official data showed on Friday. Gross domestic product contracted by 1.1 percent in the third quarter."
Now back to NY, where "The Federal Reserve Bank of New York reported its manufacturing activity index dropped to minus -11.1 points in November, from a positive +15.7 points in the previous month. The Empire State Manufacturing Survey index is considered a bellwether of the manufacturing sector which has been a key strength in the economic recovery. It was the first time the index fell below zero since July 2009, the month after the worst recession in decades was officially declared over. The sharp 27-point decline surprised analysts, who had forecast on average a slip to a positive 11.7-point reading. The new orders index plummeted to minus 24.4 points, from positive 12.9 points in October."
Now, tax receipts are down (24.4 points) from manufacturing (a bellweather) of non-government sources; there's a 420% increase in the taxpayer share of pension costs; NY's borrowing costs for next year which earlier were predicted at $5.6 Billion with the TIC (True Interest Cost) of recent offering: 3.357% will quickly move up to paying the Greek rate of 11.28%. Thus NY's borrowing costs will move up from $5.6 Billion to $18.8 Billion. ($5.6 Billion times 11.28% divided by 3.357% = $18.8 Billion)
Did you think public corruption would be rooted out? Not yet as, "Cuomo Hedges On Signing Over New Investigatory Powers To Schneiderman For Public Corruption Cases."
But alas, as Ponzi and Madoff learned, economic reality (interest rates, revenues and spending) is a harsh task master, irregardless of your protectors.
Follow the money, Comptroller DiNapoli! Oops, the money's disappeared!
Hoping for the Tooth Fairy, an understanding Congress, iou's for bond holders or State workers?
Quick sell your NY Bonds. Greek bonds pay 11.28% guaranteed by the EU. Who's guaranteeing NY Bonds?
Economic Laws, Pensions And Gravity Lead Andrew Cuomo To A Hard Fall
From Arithmetic for the Economically Challenged Idiots:
First, the rose colored government accounting system:
A report in the August issue of Governing, called New York State, the nationwide pension leader with Pension liability: $141 billion; Percent funded: 107.38%; Employees in Pension Plans: 1,343,524.
Compared to California's Pension liability: $454 billion; Percent funded: 86.89%; Employees in Pension Plans: 1,995,169 But, Government Accounting Rules allow state pension plans to calculate their obligations using an assumed long-term yield of 8%.
Second, the law of economic reality, which like law of gravity cannot be ignored:
Economic reality:
1. what safe investments earn 8% return in our present economy?
2. Pension plans -- including California, New York and Florida -- invest some of their pension funds in BP stock,
3. Guess what? NY Comptroller Di Napoli will reduce his hope to earn 8% percent a year to 7.5%. Except for Madoff, who guarantees a 7.5 percent rate of return? Or 7 percent? Or 6 percent? No junk bonds allowed. NY's real rate of return was less than 4% for ten years.
4. Comptroller Thomas DiNapoli proposes for the state government and local governments a pension “amortization” (i.e., borrowing) plan where the 7.5% rate won’t necessarily affect annual pension fund contributions, because they can borrow their higher payments from the pension fund. Only the Government could imagine being able to use your credit card to charge your credit card payment.
5. And it gets better, "after a decade in which the New York State pension fund’s annual return on assets averaged less than half its [8%]target rate, the fund will need to jack up its taxpayer-funded contribution rates next year, Comptroller Thomas DiNapoli announced today." That's you, the taxpayer, paying a 42% rise in your share (11.5% to 16.3%) See * below for changing the rate from 7.5% to 2.5% that would need a 420% increase in the taxpayer share.
Third, a Cuomo cheerleader, the NY Times, agrees and had "How to Cheat a Retirement Fund", an "approach that assumes, as economists generally do, that even corporate accounting standards in this area are too lenient, public pension underfunding is about $3.5 trillion, or one-quarter of gross domestic product."
Fourth, from Arithmetic for the Economically Challenged Idiots, here's the advice a parent must give a child who believes in a 7.5% safe return on investments, in maintaining the value of his BP stock investments, and asks whether you should make your credit card payment with your credit card. The answer: Tough love; First, No; then a good Cry; then Stop Spending.
Fifth, Economic real world thinking: "Private pension plans must discount their liabilities based on a market rate—typically, a corporate or U.S. government bond rate—which is often much lower than the plans’ projected returns."
*Return US Treasury: 10-MONTH NOTE 10-15-2010 2.475%
There appears to be a large difference between 2.475% and 7.5% and DiNapoli's assumed drop from 8% to 7.5%.
Finally, "New York’s state budget gap for 2011-12, the first year of the next gubernatorial administration, is now projected at nearly $8.2 billion[up from $5.4 predicted earlier]" and that doesn't include the corrections reported above.
Sorry, Andrew and Thomas (DiNapoli), using the laws of Economic Arithmetic or the law of gravity equals a hard fall.
You're Bankrupt, your game is over.
First, the rose colored government accounting system:
A report in the August issue of Governing, called New York State, the nationwide pension leader with Pension liability: $141 billion; Percent funded: 107.38%; Employees in Pension Plans: 1,343,524.
Compared to California's Pension liability: $454 billion; Percent funded: 86.89%; Employees in Pension Plans: 1,995,169 But, Government Accounting Rules allow state pension plans to calculate their obligations using an assumed long-term yield of 8%.
Second, the law of economic reality, which like law of gravity cannot be ignored:
Economic reality:
1. what safe investments earn 8% return in our present economy?
2. Pension plans -- including California, New York and Florida -- invest some of their pension funds in BP stock,
3. Guess what? NY Comptroller Di Napoli will reduce his hope to earn 8% percent a year to 7.5%. Except for Madoff, who guarantees a 7.5 percent rate of return? Or 7 percent? Or 6 percent? No junk bonds allowed. NY's real rate of return was less than 4% for ten years.
4. Comptroller Thomas DiNapoli proposes for the state government and local governments a pension “amortization” (i.e., borrowing) plan where the 7.5% rate won’t necessarily affect annual pension fund contributions, because they can borrow their higher payments from the pension fund. Only the Government could imagine being able to use your credit card to charge your credit card payment.
5. And it gets better, "after a decade in which the New York State pension fund’s annual return on assets averaged less than half its [8%]target rate, the fund will need to jack up its taxpayer-funded contribution rates next year, Comptroller Thomas DiNapoli announced today." That's you, the taxpayer, paying a 42% rise in your share (11.5% to 16.3%) See * below for changing the rate from 7.5% to 2.5% that would need a 420% increase in the taxpayer share.
Third, a Cuomo cheerleader, the NY Times, agrees and had "How to Cheat a Retirement Fund", an "approach that assumes, as economists generally do, that even corporate accounting standards in this area are too lenient, public pension underfunding is about $3.5 trillion, or one-quarter of gross domestic product."
Fourth, from Arithmetic for the Economically Challenged Idiots, here's the advice a parent must give a child who believes in a 7.5% safe return on investments, in maintaining the value of his BP stock investments, and asks whether you should make your credit card payment with your credit card. The answer: Tough love; First, No; then a good Cry; then Stop Spending.
Fifth, Economic real world thinking: "Private pension plans must discount their liabilities based on a market rate—typically, a corporate or U.S. government bond rate—which is often much lower than the plans’ projected returns."
*Return US Treasury: 10-MONTH NOTE 10-15-2010 2.475%
There appears to be a large difference between 2.475% and 7.5% and DiNapoli's assumed drop from 8% to 7.5%.
Finally, "New York’s state budget gap for 2011-12, the first year of the next gubernatorial administration, is now projected at nearly $8.2 billion[up from $5.4 predicted earlier]" and that doesn't include the corrections reported above.
Sorry, Andrew and Thomas (DiNapoli), using the laws of Economic Arithmetic or the law of gravity equals a hard fall.
You're Bankrupt, your game is over.
NY Debt Devaluation, Budget Collapse; Not If, But When
First, from Arithmetic for the Economically Challenged Idiots:
Present Federal Debt : $13.7 Trillion
The Federal Reserve plans to print: $0.6 Trillion
Net devaluation of US dollars: $0.6/$13.7 = 4.4%
If the Chinese don't want to lose money: 4.4% must be added to any NY interest rates
Second, from Alan Greenspan: Greenspan warns over weaker dollar (see 4.4 % devaluation above)
Now, hear Timmy Geithner. "saying it [US Government] would never deliberately devalue its currency to boost exports."
Now think: Qui s'Excuse, s'Accuse Or, Geitner, your excusing, accuses you. Is the Government not deliberately devaluing, only undeliberately devaluing?
Quo Vadis, NY? Quo Vadis, Cuomo? Read the two earlier posts below
Present Federal Debt : $13.7 Trillion
The Federal Reserve plans to print: $0.6 Trillion
Net devaluation of US dollars: $0.6/$13.7 = 4.4%
If the Chinese don't want to lose money: 4.4% must be added to any NY interest rates
Second, from Alan Greenspan: Greenspan warns over weaker dollar (see 4.4 % devaluation above)
Now, hear Timmy Geithner. "saying it [US Government] would never deliberately devalue its currency to boost exports."
Now think: Qui s'Excuse, s'Accuse Or, Geitner, your excusing, accuses you. Is the Government not deliberately devaluing, only undeliberately devaluing?
Quo Vadis, NY? Quo Vadis, Cuomo? Read the two earlier posts below
Andrew Cuomo Meets "The Ghost Of NY Yet To Come"; Was It Thomas Dewey?
Last night, Andrew was visited by the Ghost of NY Yet To Come.
Last night, a Ghostly figure, who looked like a groom figurine with a mustache on a wedding cake, appeared to Andrew and showed him 2011 Newspaper clippings where all the NY Budget predictions in a prior post had come true. Andrew then was carried to Seoul, South Korea, where he read the next day's headline in Financial Times, "China tees up G20 showdown with US." Andrew heard China's Cui Tiankai say, "that the US plan for limiting current account surpluses and deficits to 4 per cent of gross domestic product harked back “to the days of planned economies”.
Now the Ghost of NY Yet To Come carried Andrew into many varied homes of rich and not-so-rich NYer's. Andrew saw each cringing at finding their tax- free NY municipal bonds had diminished in value because of the interest rate increase of 231% due to Obama/Federal Reserve printing money. He saw the calculations were written on all their walls, 100% divided by 231% = 43% and saw they were crying at the new 57% ( 100% -43% = 57%) lower value of their tax-free bonds. He saw all these angry tax-free bond holders packing up to leave NY, while cursing Andrew who destroyed their income protection. "A pox on Andrew and them all. Where will Andrew get any money when we leave," they snickered.
Then, another ghostly figure appeared. He heard that apparition say I'm the Ghost of Arnold of California Past. And grinning, the ghost picked from the mantle top a large vessel inscribed Trophy of Total Fiscal Failure and handed it to Andrew. The Ghost of Arnold of California Past then gave Andrew a Bill in the the ghost's name for $40 million dollars a day borrowed to pay unemployment insurance, and said to Andrew, "this too will haunt you."
The Ghost of Arnold of California laughingly said, "I had only $80 billion in General Obligation Debt and you had $120 billion and a whole lot less people to spread it among." The ghost kept laughing and said, "my State was described as the Lindsay Lohan of States, but yours will fare worse as the John Belushi of States."
Andrew turned to the Ghost of NY Yet To Come with his mustache and said, "you look familiar." The Ghost replied, "I was a former Governor and Prosecutor." Andrew asked, "why do I dread you so?" "I'm the harbinger of the your new tormentor, who will rise in my former role." And the Ghost of NY Yet To Come carried Andrew back to his bed passing over endless angry crowds screaming, "He's impoverished us." .
Andrew awoke sweating. A Pox? Was that Thomas Dewey? Was he just imagining that he saw pitchforks? Oh, no, there's the Trophy of Total Fiscal Failure.
Fiscal Disaster As Andrew Cuomo And His M.O. Are Slapped Down By Chinese Economic Reality Checks
"You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time." Abraham Lincoln
Drying out in Puerto Rico, Andrew Cuomo, while hanging with his good ole' Swampies, Sampson, Silver, etc., replayed his same old M.O. Andrew Cuomo reset the same old snare and called the same ole' media monkeys to howl to attract sheeple prey.
1. Cuomo's same ole' M.O., this time around : Cuomo's Swamp's clarion trumpeted, "We're not going to buy our way out of these problems;"
and "I'm looking forward to working with the leadership of the Assembly. (these are the same Assembly Swamp vermin Cuomo promised to clean out)"
2. The same Cuomo M.O. in 2008, when Cuomo began as Attorney General: In 2008, Cuomo 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"
And as Cuomo's term as AG ends: the result is nothing was done.
3. The same ole' M.O. in the Hevesi corruption case: "Mr. Hevesi's conviction was the seventh and by far the most notable in a long-running investigation by state Attorney General Andrew Cuomo."
The result: no jail time or restitution for Hevesi and sons and minimal sentence for a political operative.
Now, listen to Governor-elect Cuomo's rhetoric that, "by immediately imposing a cap on state spending and freezing salaries of state public employees as part of a one-year emergency financial plan, committing to no increase in personal or corporate income taxes or sales taxes and imposing a local property tax cap." Meanwhile, Paterson's has projected a $9 billion deficit for the 2011-2012 fiscal year, which is grossly underestimated and Cuomo neglects to include Medicaid refunds NY State must pay back to the Federal Government. These Medicaid refunds just begin with $1.6 Billion required in just the small sample reported on this blog.
Will the new Republican House forgive and forget NY's unprosecuted Medicaid frauds and advance the another $1.6 billion for the same thieves to take again? Or is Cuomo expecting the tooth fairy to intervene?
From Arithmetic for the Economically Challenged Idiots, is a lesson for the 'Silver Spoon Fed' Cuomo: NY in 2011-2012 must give back $1.6 Billion to the federal government and won't get another $1.6 Billion either for that same expense in the coming year. Or doing the arithmetic: $9 Billion + $1.6 Billion returned + $1.6 billion (expected but not to be received) = $12.2 Billion Deficit.
Next economic reality brought to Cuomo by the Chinese: Present Federal Debt : $13.7 Trillion
The Federal Reserve plans to print: $0.6 Trillion
Net devaluation of US dollars: $0.6/$13.7 = 4.4%
If the Chinese don't want to lose money: 4.4% must be added to any interest rates
Now look at NY's Total borrowing: $120 Billion +"New York's public authorities have over $80 billion in debt that is not backed by state revenues"
NY's borrowing costs for next year: $5.6 Billion (not including the $80 Billion noted above)
TIC (True Interest Cost) of recent offering: 3.357%
Now the reality slap for Cuomo from the Chinese: they need 4.4% more to cover Fed's inflation or 4.4% + 3.35% = 7.75% or an increase of 7.75 divided by 3.36 = 231% increase.
Now the reality for NY state: the $5.6 Billion estimated borrowing costs can (amount depends on when and if Fed prints the money) increase to a maximum 231% or $12.9 Billion and raise the deficit. Since the Fed's printing is for the next 6 months, a very conservative minimal estimate would be 1/2 of $7.3 Billion borrowing cost increase or a $3.6 Billion increase added to the $5.6 Billion estimated borrowing costs.
Now the revised minimum 2011-2012 deficit then would be $12.2 Billion +$3.6 Billion = $15.8 Billion (2011-2012 deficit)
Or ($15.8 Billion - $9 Billion =) another $6.8 Billion missing from the Cuomo Budget Plan. Will this be replaced with some Hope rhetoric from the Cuomo M.O.?
"Trust in God, but since by Cuomo thrice fooled, hold tightly to your cash." And voices among the Sheeple cry out, "Hands off our money! Why should we trust a lying crook with our economic future, who's allowed a trillion and then billions of dollars to be absconded to enrich his cronies and while fleecing millions of Sheeple?
Where's Eric Holder! We need a modern Thomas Dewey in NY! Where's the Grand Jury? Where's Justice? Send him and his good ole' crony buddies to Jail."
Drying out in Puerto Rico, Andrew Cuomo, while hanging with his good ole' Swampies, Sampson, Silver, etc., replayed his same old M.O. Andrew Cuomo reset the same old snare and called the same ole' media monkeys to howl to attract sheeple prey.
1. Cuomo's same ole' M.O., this time around : Cuomo's Swamp's clarion trumpeted, "We're not going to buy our way out of these problems;"
and "I'm looking forward to working with the leadership of the Assembly. (these are the same Assembly Swamp vermin Cuomo promised to clean out)"
2. The same Cuomo M.O. in 2008, when Cuomo began as Attorney General: In 2008, Cuomo 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"
And as Cuomo's term as AG ends: the result is nothing was done.
3. The same ole' M.O. in the Hevesi corruption case: "Mr. Hevesi's conviction was the seventh and by far the most notable in a long-running investigation by state Attorney General Andrew Cuomo."
The result: no jail time or restitution for Hevesi and sons and minimal sentence for a political operative.
Now, listen to Governor-elect Cuomo's rhetoric that, "by immediately imposing a cap on state spending and freezing salaries of state public employees as part of a one-year emergency financial plan, committing to no increase in personal or corporate income taxes or sales taxes and imposing a local property tax cap." Meanwhile, Paterson's has projected a $9 billion deficit for the 2011-2012 fiscal year, which is grossly underestimated and Cuomo neglects to include Medicaid refunds NY State must pay back to the Federal Government. These Medicaid refunds just begin with $1.6 Billion required in just the small sample reported on this blog.
Will the new Republican House forgive and forget NY's unprosecuted Medicaid frauds and advance the another $1.6 billion for the same thieves to take again? Or is Cuomo expecting the tooth fairy to intervene?
From Arithmetic for the Economically Challenged Idiots, is a lesson for the 'Silver Spoon Fed' Cuomo: NY in 2011-2012 must give back $1.6 Billion to the federal government and won't get another $1.6 Billion either for that same expense in the coming year. Or doing the arithmetic: $9 Billion + $1.6 Billion returned + $1.6 billion (expected but not to be received) = $12.2 Billion Deficit.
Next economic reality brought to Cuomo by the Chinese: Present Federal Debt : $13.7 Trillion
The Federal Reserve plans to print: $0.6 Trillion
Net devaluation of US dollars: $0.6/$13.7 = 4.4%
If the Chinese don't want to lose money: 4.4% must be added to any interest rates
Now look at NY's Total borrowing: $120 Billion +"New York's public authorities have over $80 billion in debt that is not backed by state revenues"
NY's borrowing costs for next year: $5.6 Billion (not including the $80 Billion noted above)
TIC (True Interest Cost) of recent offering: 3.357%
Now the reality slap for Cuomo from the Chinese: they need 4.4% more to cover Fed's inflation or 4.4% + 3.35% = 7.75% or an increase of 7.75 divided by 3.36 = 231% increase.
Now the reality for NY state: the $5.6 Billion estimated borrowing costs can (amount depends on when and if Fed prints the money) increase to a maximum 231% or $12.9 Billion and raise the deficit. Since the Fed's printing is for the next 6 months, a very conservative minimal estimate would be 1/2 of $7.3 Billion borrowing cost increase or a $3.6 Billion increase added to the $5.6 Billion estimated borrowing costs.
Now the revised minimum 2011-2012 deficit then would be $12.2 Billion +$3.6 Billion = $15.8 Billion (2011-2012 deficit)
Or ($15.8 Billion - $9 Billion =) another $6.8 Billion missing from the Cuomo Budget Plan. Will this be replaced with some Hope rhetoric from the Cuomo M.O.?
"Trust in God, but since by Cuomo thrice fooled, hold tightly to your cash." And voices among the Sheeple cry out, "Hands off our money! Why should we trust a lying crook with our economic future, who's allowed a trillion and then billions of dollars to be absconded to enrich his cronies and while fleecing millions of Sheeple?
Where's Eric Holder! We need a modern Thomas Dewey in NY! Where's the Grand Jury? Where's Justice? Send him and his good ole' crony buddies to Jail."
With Sheeple Fooled; Wolf One, Andrew Cuomo, Spares Under-Wolf Six, Hank Morris
"Our chosen Shepherd has dressed down and is come among us to teach us about compassion."
"Andrew within his flock"
This follows -up an earlier post, "Andrew Cuomo hopes to fool NY sheeple about Wolf 2, Alan Hevesi, going to jail."
Wolf Pack Guide: Wolf 1 -Andrew Cuomo
Wolf 2 - Comptroller Alan Hevesi
Wolf 3 - State Assemblyman Andrew Hevesi
Wolf 4 - State Senator Daniel Hevesi
Wolf 5 -Comptroller DiNapoli
Under-Wolf 6 - Hank Morris (Under-Wolf = underdog, can go to jail)
With the NY Sheeple bamboozled, Wolf 1, Andrew Cuomo, can now show his true compassion for even an Under-Wolf. And Wolf 1, Andrew Cuomo, thus has minimized his "Show Trial" punishment for Under-Wolf 6. Under-Wolf 6, Henry “Hank” Morris, "would plead guilty to “a minor charge” that carries a maximum sentence of 1 1/3 to 4 years.".
NY Supreme Court Judge Lewis Stone said, “This case is, in this court’s opinion, one of the most important cases relating to corruption in government in the state of New York and perhaps one of the almost seminal cases involving that in the country. There are enormous considerations on this,”
And Wolf 1, Andrew Cuomo, said about the case, "probably the largest political corruption scandal in modern political history." Wolf 6, Hank Morris, faced "77-count indictment, including one charge that carries a penalty of up to 25 years."
But Wolf 1, Andrew Cuomo, allowed a plea down to which, "Morris would plead guilty to 'a minor charge' that carries a maximum sentence of 1 1/3 to 4 years."
The Daily News let the sheeple know after the election that, "there will be a jarring disconnect between his rhetoric before Election Day and the plea bargain that surfaced shortly after he won the race for governor."
To those of you vengeful angry Sheeple: Learn to show compassion; as does your Shepherd, Wolf 1, Andrew Cuomo, who loves his flock; but, also, loves his fellow wolves. Even for an Under-Wolf , who ran the "largest corruption scandal in modern political history," Wolf 1, Andrew Cuomo, shows his true compassion.
Sheeple, thus spake your own chosen Shepherd.
This post is being sent by registered mail to Judge Lewis Stone, AG Cuomo, Laura Birger (a lawyer for Morris), as a Vox Populi Wake up for the Court. The court must also look if any contributions were made by any opposing lawyers in this case to Andrew Cuomo's campaign.
Letter's text: November 8, 2010
Hon. Judge Lewis Stone, 100 Centre Street, NY, NY 10013
Re: Your reputation squandered to cover for Cuomo
Hon. Judge Lewis Stone:
A Vox Populi message about Cuomo's asking for your fig leaf to cover him. CuomoTARP.blogspot.com post copied below, says it all.
Sincerely, Vox of some Sheeple
cc: AG Cuomo, Laura Birger
The New Word Order, "Nixon/Blogo/Cuomo" Predicates Andrew Cuomo's Fate As Prosecutors Receive New Incriminating Testimony
The New Word Order: Nixon/Blago/Cuomo
The present day's first step to run him out of Albany was mailing the following letter:
November 3, 2010
To: Eric Holder, U.S. DOJ, 950 Pennsylvania Avenue, NW, Washington, DC 20530-0001
NY County DA, Cyrus Vance, Jr., One Hogan Place, New York, NY 10013
Albany County DA, David Soares, 8 Lodge Street, Albany, NY 12227
Governor Paterson,The Capital, Albany NY 12224
Re: First, Cuomo's cover- ups of crime and now, he's snared in an expanded AEG scandal. Put Cuomo on the Nixon/Blago road out of Albany.
Dear Prosecutors and Hon. Governor: CuomoTARP.blogspot.com has attached an affidavit from Betsy Combier which connects Cuomo and others to the Aqueduct Bidding scandal of which AEG is only a part. Please note some of the participants, including the former Manhattan DA. This may implicate the Manhattan DA's office in this expanding scandal. A Special Prosecutor is needed at least in the Manhattan DA's office.
Note the 19 links in the lead-in partial link index to Cuomo's malfeasance and/or worse. Then read about the M.O. Of Andrew Cuomo
Mimicking Lord Nelson, “[The People] expect everyman will do his duty.” Now, get going.
For Governor Paterson: direct the AG's office to convene a Grand Jury under a Special Prosecutor.
For Eric Holder: assign prosecutors in all four federal districts in NY State and special phone numbers and website for the People's criminal complaints against NY Government officials. Ask for a Federal monitor for NY courts with all complaints publicly listed.
For the NY DA's: appoint Special Prosecutors and convene Grand Juries.
The answer for Cuomo's “Quo Vadis” is Via Nixon/Blago
Sincerely yours, T. Finnan
Betsy Combier Affidavit is attached
CuomoTARP.blogspot.com's Blog Post Text follows: (text is from this link in letter)
The New Word Order: Nixon/Blago/Cuomo
Quo Vadis, Cuomo; Is It Via Spitzer or Via Hevesi? Cuomo Snared With Political Whores At A Second Aqueduct Bait Drop
First, in the Albany Swamp, it's,"Here boys, come and get it"
Then, "Oh no, they've found our trail; the hounds are closing in"
The second "Because of Cuomo Victory Party" will be followed similarly to the first with the ignominy of total defeat. You could admire Andrew Cuomo's skills in the Albany Swamp. Just a whiff of the scent of money and Andrew is there. Andrew was connected to the AEG scandal where the money he received from principals in AEG scandal and the fact that a victory party occurred meant Andrew was in the bag.
Now an affidavit has surfaced showing Andrew, Gov. Paterson, Congressman Meeks, Senators Smith, Sampson and Adams, DA Morgenthau and Sheekey from the Bloomberg Administration were right in the thick of Aqueduct Bidding Process of which AEG was part. The affidavit says Andrew Cuomo was in more than one meeting over "Capital Play's interest in Aqueduct Raceway." link to more
It is now impossible ethically for Cuomo to have any part in the criminal investigation of the AEG scandal, which is a sub-part of the Aqueduct Bidding Process Scandal.
There is so much for a Grand Jury to support issuing cleansing indictments.
NY Criminal Procedure Law § 190.05...A grand jury is a body consisting of not less than sixteen nor more than twenty-three persons, ...the functions of which are to hear and examine evidence concerning offenses and concerning misconduct, nonfeasance and neglect in public office, whether criminal or otherwise, and to take action
And, of course, there is the nasty part of the NY Constitution which requires anyone including a Governor to be removed for taking the fifth amendment.
NY Constitution Article § 6. . nor shall he or she be compelled in any criminal case to be a witness against himself or herself, providing, that any public officer who, upon being called before a grand jury to testify concerning the conduct of his or her present office or of any public office held by him or her within five years ..., refuses to sign a waiver of immunity against subsequent criminal prosecution, or to answer any relevant question concerning such matters before such grand jury, shall by virtue of such refusal, be disqualified from holding any other public office or public employment ..., and shall be removed from his or her present office
Then, "Oh no, they've found our trail; the hounds are closing in"
The second "Because of Cuomo Victory Party" will be followed similarly to the first with the ignominy of total defeat. You could admire Andrew Cuomo's skills in the Albany Swamp. Just a whiff of the scent of money and Andrew is there. Andrew was connected to the AEG scandal where the money he received from principals in AEG scandal and the fact that a victory party occurred meant Andrew was in the bag.
Now an affidavit has surfaced showing Andrew, Gov. Paterson, Congressman Meeks, Senators Smith, Sampson and Adams, DA Morgenthau and Sheekey from the Bloomberg Administration were right in the thick of Aqueduct Bidding Process of which AEG was part. The affidavit says Andrew Cuomo was in more than one meeting over "Capital Play's interest in Aqueduct Raceway." link to more
It is now impossible ethically for Cuomo to have any part in the criminal investigation of the AEG scandal, which is a sub-part of the Aqueduct Bidding Process Scandal.
There is so much for a Grand Jury to support issuing cleansing indictments.
NY Criminal Procedure Law § 190.05...A grand jury is a body consisting of not less than sixteen nor more than twenty-three persons, ...the functions of which are to hear and examine evidence concerning offenses and concerning misconduct, nonfeasance and neglect in public office, whether criminal or otherwise, and to take action
And, of course, there is the nasty part of the NY Constitution which requires anyone including a Governor to be removed for taking the fifth amendment.
NY Constitution Article § 6. . nor shall he or she be compelled in any criminal case to be a witness against himself or herself, providing, that any public officer who, upon being called before a grand jury to testify concerning the conduct of his or her present office or of any public office held by him or her within five years ..., refuses to sign a waiver of immunity against subsequent criminal prosecution, or to answer any relevant question concerning such matters before such grand jury, shall by virtue of such refusal, be disqualified from holding any other public office or public employment ..., and shall be removed from his or her present office
Pleasant Dreams, for tonight; a cleansing is your future; for Andrew, Gov. Paterson, Congressman Meeks, Senators Smith, Sampson and Adams.
And, Quo vadis, Cuomo? Will you be following Via Spitzer or Via Hevesi?
And, Quo vadis, Cuomo? Will you be following Via Spitzer or Via Hevesi?
c.c. (by certified mail with this post and a copy of affidavit): Eric Holder, US AG; Manhattan DA; Albany County DA, Governor Paterson
Sampson and Cuomo Kiss And Make-up In The Albany Swamp To Guard Their Status Quo
"An election full of Sound and Fury about draining the Albany Swamp was just a tale told for the fools and signified nothing."
From the center of the swamp, Senator Sampson announced,“If 2008 was about the changing of the guard, then 2010 was about the guarding of the change. Working with Governor-elect Cuomo, Lieutenant Governor-elect Duffy, we stand ready to continue what we started and build the New York we can be, should be, and will be." "I look forward to working side-by-side with Andrew Cuomo and Robert Duffy."
Of course, no word from Senator Sampson who "is among the lawmakers caught up in the scandal over a since-scuttled contract for a lucrative downstate casino. Federal prosecutors and the Manhattan district attorney's office is looking at possible criminal violations," about that AEG corruption or the multiple $50,000 bribes.
The Albany Swamp's vermin had united to save their Swamp and heeding the words of "Pogo," "We have met the enemy and he is us." did nothing.
And, the Vatican Museum will change "Janus"to the victor's name "Saint Andrew conquers NY"
From the center of the swamp, Senator Sampson announced,“If 2008 was about the changing of the guard, then 2010 was about the guarding of the change. Working with Governor-elect Cuomo, Lieutenant Governor-elect Duffy, we stand ready to continue what we started and build the New York we can be, should be, and will be." "I look forward to working side-by-side with Andrew Cuomo and Robert Duffy."
Of course, no word from Senator Sampson who "is among the lawmakers caught up in the scandal over a since-scuttled contract for a lucrative downstate casino. Federal prosecutors and the Manhattan district attorney's office is looking at possible criminal violations," about that AEG corruption or the multiple $50,000 bribes.
The Albany Swamp's vermin had united to save their Swamp and heeding the words of "Pogo," "We have met the enemy and he is us." did nothing.
Andrew Cuomo Hopes To Fool NY Sheeple About Wolf 2, Alan Hevesi, Going To Jail
"The wolf guarding the sheep."
1. "Approval from Mr. Cuomo not to prosecute his [Alan Hevesi's] two sons, Wolf 3 (Assemblyman Andrew Hevesi) and former state senator Wolf 4 (Daniel Hevesi)."
2. And then revealed through Carl Paladino, in Plattsburgh, yesterday, "Cuomo is recommending no jail time for Wolf 2 (Alan Hevesi)."
3. The fooled sheeple will be told after election of Cuomo's plea bargain recommendation "to give him probation." so that Wolf 2, (Alan Hevesi), won't go to jail.
Now look at restitution that resulted from Wolf 1 (Andrew Cuomo): "Markstone Capital agreed in February to repay $18 million in management fees to the Common Retirement Fund." and "Quadrangle agreed in April to pay $12 million to settle investigations by Mr. Cuomo and the Securities and Exchange Commission."
Was restitution obtained by Cuomo from the (Hevesi) Wolves 2, 3 and 4 for their ill gotten gains and money for elections ("nearly $1 million in overseas travel, campaign contributions and other benefits") and "Mr. Broidy had spent $75,000 on travel by [Hevesi], others from the pension fund and his adult children, including both his sons, people familiar with the matter said. That included five trips to Israel and once to Italy. Mr. Broidy also paid for expenses on political fund-raising trips to California."? No, the Restitution obtained by Cuomo from the [Hevesi] Wolves 2, 3, and 4 was None.
And what about Wolf 5 and his needs? Cuomo has decided "no action is warranted involving an investment increased under current Wolf 5 (Comptroller Thomas DiNapoli), a Democrat with Intermedia Partners Advisors, initially approved during (Wolf 2) Mr. Hevesi's tenure as comptroller, and [Wolf 5] is running for re-election."
Wolf 1 (Andrew Cuomo) showed his compassion and his tremendous job in protecting Wolves 2, 3, 4 and 5. Andrew hopes his sheeple will be drowsing until after they elect their new Shepherd, Wolf 1 (Andrew Cuomo).
A CuomoTARP wake up trumpet blast, "wake up, Sheeple, and drive Wolf 1 (Andrew Cuomo), and the other wolves out." Read the endorsement of Carl Paladino in the post below.
Link to endorsement post, if not directly below
Cuomo or Paladino? A Reprobate or A Builder?
Time to choose. First, look at Cuomo's history partially summarized on this blog's Index above. Cuomo is truly a Reprobate (a proliferate criminal whose crimes are reprehensible and can not be redeemed; theology: rejected by God without hope of salvation) Trillions, billions and millions of dollars stolen with Cuomo protecting the thieves.
A nationwide unemployment and under employment rate of over 17% was caused by $1.2 trillion in sub- prime mortgage loan losses caused directly by Cuomo's hand at HUD (See Cuomo's Smoking Gun HUD Directive). But that was just a beginning, Cuomo has protected and defended predatory lending, sexual abuse of women, missing 9/11 money, $40 million stolen by judges, multiple $50,000 bribes, and on and on from there.
Were these excusable errors, part of the learning curve for Cuomo, or just beyond his mental capacities? The answer is NO to all; we know Cuomo was hands on everything. It's reported that Andrew Cuomo was personally involved in everything in his office (likely, this was leaked by his underling "rats", who feared being blamed or prosecuted)
Andrew has been found reprobate. The only argument for Cuomo is, "Better the devil we know." But Cuomo is more than an ordinary devil; he's better described as "A Devil Incarnate" (Incarnate is in the flesh)
Now, we look at Paladino and we're told he sent off color jokes in e-mails; he didn't present proof that Cuomo had affairs, when he only asked, why the media didn't ask the same questions of Cuomo.
Re: the media "Things aren't what they seem, skim milk masquerades as cream" Gilbert and Sullivan
For any media trusting suckers on the right, Reporter Fred Dicker now works for the NY Post, but Mr. Dicker was leader of Students for a Democratic Society (SDS) and was dispatched to the University of Massachusetts by the leading theorist of American communism, Herbert Aptheker. And for NY Times media trusting suckers on the left check out Michael Moore on the NY Times. These media monkeys, fours years earlier, gave us Spitzer, when they all knew he was crooked and corrupt (we begged them for help) Did you trust these media, when they anointed Spitzer? Trust them now and we'll have a Andrew Cuomo protected crime tsunami, whose origin was reported on this blog, engulfing and drowning the entire State.
Let's look at the men. Cuomo - career politician; successes- none; failures- monumental, spoiled brat son of Mario; a wake of destroyed jobs, lives and fortunes.
Paladino - hard working construction man; success after success; jobs for people; new businesses constructed; in his wake; improved lives; improved communities; he raised himself up - he was not dragged up by his father.
Would Cuomo thwart the AEG scandal prosecution - certainly, he's part of it. Trillion, billions, millions of dollar losses will only be his starting point. Will Cuomo prosecute the criminals stealing from the NY State? - why no, they're his friends. For the last four years, Cuomo could have begun to drain the Albany swamp, but no, he's promised to drain it in his next four years and, please, take one of those red and blue suckers on your way out, sucker! Reduce State spending - unlikely, Cuomo is endorsed by Acorn's Working Families Party.
Paladino - can build on his successes -yes; Drain the Albany Swamp -yes; Prosecute the criminals stealing from the State -yes; Reduce state spending. -sure, he doesn't owe them anything.
Other candidates: You think your protest vote counts, while Cuomo will just laugh at your stupidity in not voting him out and then he'll steal you blind. Take another a multicolor sucker, because that's all you're going to get, sucker.
The only intelligent choice, Carl Paladino
A nationwide unemployment and under employment rate of over 17% was caused by $1.2 trillion in sub- prime mortgage loan losses caused directly by Cuomo's hand at HUD (See Cuomo's Smoking Gun HUD Directive). But that was just a beginning, Cuomo has protected and defended predatory lending, sexual abuse of women, missing 9/11 money, $40 million stolen by judges, multiple $50,000 bribes, and on and on from there.
Were these excusable errors, part of the learning curve for Cuomo, or just beyond his mental capacities? The answer is NO to all; we know Cuomo was hands on everything. It's reported that Andrew Cuomo was personally involved in everything in his office (likely, this was leaked by his underling "rats", who feared being blamed or prosecuted)
Andrew has been found reprobate. The only argument for Cuomo is, "Better the devil we know." But Cuomo is more than an ordinary devil; he's better described as "A Devil Incarnate" (Incarnate is in the flesh)
Now, we look at Paladino and we're told he sent off color jokes in e-mails; he didn't present proof that Cuomo had affairs, when he only asked, why the media didn't ask the same questions of Cuomo.
Re: the media "Things aren't what they seem, skim milk masquerades as cream" Gilbert and Sullivan
For any media trusting suckers on the right, Reporter Fred Dicker now works for the NY Post, but Mr. Dicker was leader of Students for a Democratic Society (SDS) and was dispatched to the University of Massachusetts by the leading theorist of American communism, Herbert Aptheker. And for NY Times media trusting suckers on the left check out Michael Moore on the NY Times. These media monkeys, fours years earlier, gave us Spitzer, when they all knew he was crooked and corrupt (we begged them for help) Did you trust these media, when they anointed Spitzer? Trust them now and we'll have a Andrew Cuomo protected crime tsunami, whose origin was reported on this blog, engulfing and drowning the entire State.
Let's look at the men. Cuomo - career politician; successes- none; failures- monumental, spoiled brat son of Mario; a wake of destroyed jobs, lives and fortunes.
Paladino - hard working construction man; success after success; jobs for people; new businesses constructed; in his wake; improved lives; improved communities; he raised himself up - he was not dragged up by his father.
Would Cuomo thwart the AEG scandal prosecution - certainly, he's part of it. Trillion, billions, millions of dollar losses will only be his starting point. Will Cuomo prosecute the criminals stealing from the NY State? - why no, they're his friends. For the last four years, Cuomo could have begun to drain the Albany swamp, but no, he's promised to drain it in his next four years and, please, take one of those red and blue suckers on your way out, sucker! Reduce State spending - unlikely, Cuomo is endorsed by Acorn's Working Families Party.
Paladino - can build on his successes -yes; Drain the Albany Swamp -yes; Prosecute the criminals stealing from the State -yes; Reduce state spending. -sure, he doesn't owe them anything.
Other candidates: You think your protest vote counts, while Cuomo will just laugh at your stupidity in not voting him out and then he'll steal you blind. Take another a multicolor sucker, because that's all you're going to get, sucker.
The only intelligent choice, Carl Paladino
Andrew Cuomo Caught While Using His M.O. To Protect Crooked Connected NY Lawyers in Federal Court And Disciplinary Committees
Attorney, Christine Anderson, has smoked out of the NY Swamp, the "Swamp Boss" AG Andrew Cuomo. Ms. Anderson caught Andrew in Federal Court while he was defending and supporting the corruption and crimes by NY State employees as the Official Policies of NY State. It was the same Cuomo M.O. Andrew Cuomo, the two faced modern version of Janus, had his one face to the public full of his sound and fury about draining the Albany and NY Swamps while Cuomo's other face was helping his connected paid up law firms escape jail and attorney discipline. Christine Anderson says it best below in a condensed copy of her letter to US AG Holder, the FBI and others. FULL Text of Anderson letter is here Link to video of her testimony
The condensed letter of Christine Anderson describes the crimes (in red) tolerated and accepted as Official NY Policy by Andrew Cuomo in Federal Court. Although Cuomo has so far escaped, I've copied a warning from an earlier post to Cuomo.
Andrew, your M.O. pattern (execute the crimes, prevent their detection and/or facilitate escape) smells like enterprise corruption, where the enterprise is your public office at HUD or as Attorney General.
NY Penal Law Article 460 - ENTERPRISE CORRUPTION
Is R.I.C.O. in your future, Andrew, with a new Governor or with Eric Holder out as US AG? Imagine, the People can get the loot back from each of you and jail, too.
LETTER:
Christine C. Anderson, Attorney at Law
To: The Hon. Preet Bharara, US Attorney Southern District of NY;
Hon. William M. Welch II, Chief, Public Integrity Unit, US Dept. Justice;
The Hon. John L. Sampson,Chairman, NY State Senate Judiciary Committee
Re: Request for Federal Investigation Into Allegations of Corruption and Witness Intimidation and Appointment of Federal Monitor
Gentlemen: My name is Christine C. Anderson. For 6 1/2 yrs, I was a Principal Attorney of the N Y State Appellate Division, First Dept. Disciplinary Com. (the “DDC”). The DDC is responsible for investigating and disciplining attorneys found guilty of misconduct in representing the public in the Bronx and Manhattan.
Specifically, I discovered and reported that employees of the DDC had engaged in, inter alia, the “whitewashing” [of] complaints of misconduct leveled against certain “select” attorneys and law firms. This “whitewashing” sometimes involved burying cases or destroying evidence, so that certain complaints were inevitably, unavoidably, dismissed. I witnessed this destruction of evidence myself. Other reported misconduct involves victimizing attorneys lacking privileged positions or connections.
Although the then Chief Counsel of the DDC, Thomas Cahill, stepped down in 2007, evidence clearly establishes that under the leadership of Alan Friedberg, the current Chief Counsel, Such practice robs the public of any hope at justice; it also works to the detriment of the very public the DDC is duty-bound to serve.
A Principal Attorney at the DDC, agreed to testify on my behalf at a deposition.; On the morning of her deposition, however, while en route to her deposition, Ms. Corrado was approached on the street by a supervisor at the DDC, who threatened and intimidated her with respect to her upcoming deposition testimony. Although terribly shaken, Ms. Corrado nonetheless sat for her deposition and testified truthfully. Following her deposition, however, Ms. Corrado has been subjected to further harassment and intimidation at the hands of the DDC. She has been forced to take a leave of absence as a result.
On June 8, 2009, I testified at a hearing convened by John L. Sampson, NY State Senator Shockingly, within days of my testimony, in my lawsuit, my sealed medical and psychiatric records were filed and posted publicly on the court’s Internet filing system by counsel for the defendants – i.e., the New York State Attorney General’s Office. I regard those actions as horrifically unethical and malicious, and taken in deliberate retaliation for my testifying at the Senate hearing.
The detailed testimony presented by innumerable witnesses at the June 8th Senate hearing reveals the manifold reports of corruption and abuse by the State’s Disciplinary Committees. Charges included concealment of evidence, obstruction of justice, extortionate sexual threats by attorneys, pilfering of estates by attorneys, abuse of power, fraud, conspiracy and repeated violations of state and federal constitutional rights.
Accordingly, I respectfully request that you authorize the appointment of a Special Prosecutor to investigate the epidemic of honest services fraud in the New York state court system, and the appointment of a Federal Monitor, to oversee the lawful operation of the same.
Very truly yours, Christine C. Anderson
Thank you, Christine Anderson
And to Andrew, no whitewashing even by your "cleaner" at the Disciplinary Committee can remove your stains.
And to Andrew, no whitewashing even by your "cleaner" at the Disciplinary Committee can remove your stains.
Cuomo Perfected His M.O. At HUD With $59 Billion Unaccounted For
Modus operandi, M.O., is a Latin phrase, approximately translated as "method of operating". The term is used to describe someone's habits or manner of working, their method of operating or functioning. It largely consists of examining the actions used by the individual(s) to execute the crime, prevent its detection and/or facilitate escape.
The WSJ reported on10/23/2010, "Audit Faulted Cuomo's HUD Overhaul," how the Inspector General's audit said Cuomo had impeded investigators examining the program and had asked "the Inspector General's office for the names of HUD employees who spoke with auditors." The audit said, "HUD chose an overly expensive and controversial solution that exacerbated any existing problem."
Cuomo's M.O. examples: 1. Now combine the above audit with the missing $59 Billion at HUD which was never accounted for and you see the first known use by Andrew Cuomo of his M.O. with his staff full of sound and fury while covering up a massive $59 Billion theft. Was this the CuomoTARP's first use to hide all the scurrying vermin (connected friends of Cuomo) devouring $59 Billion dollars.
2. "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." Same M.O., Cuomo's staff full of sound and fury looking out for the poor guy, while the crooks are stealing the poor guys blind.
3. And Cuomo repeated this with NY Medicare's 1.2 per year fraud Same Cuomo M.O., Cuomo's Attorney General's Office full of sound and fury is looking out for the elderly and infirm, while $1.2 Billion dollars per year is gone and not to the elderly and infirm.
3. Multiple $50,000 bribes to Senator Sampson and others, while the Cuomo's AG Public Integrity Office blusters. Same Cuomo M.O. Senator Sampson walks while Cuomo's Office talks.
4. Cuomo's AG Office spouts its toughness on crime, while it bungles a criminal trial and the rich executives walk Same Cuomo M.O.
5. The AEG scandal slips under the sound and fury of Cuomo's Public Integrity Unit. Cuomo avoids being directly named in Inspector General's report, but the "Victory Celebration" required Cuomo to be in the bag. The same Cuomo M.O. , but his smoking gun was found.
6. This whole blog is about Cuomo's cover-ups with his CuomoTARP, while the public is ripped off and abused. It's the same Cuomo M.O. - Diversionary Sound, Fury and Bluster covering up crimes
Andrew, your M.O. pattern (execute the crimes, prevent their detection and/or facilitate escape) smells like enterprise corruption, where the enterprise is your public office at HUD or as Attorney General.
NY Penal Law Article 460 - ENTERPRISE CORRUPTION
460.20 - Enterprise corruption. 460.30 - Enterprise corruption; forfeiture. 460.40 - Enterprise corruption; jurisdiction. 460.50 - Enterprise corruption; prosecution. 460.60 - Enterprise corruption; consent to prosecute. 460.70 - Provisional remedies. 460.80 - Court ordered disclosure.
Is R.I.C.O. in your future, Andrew, with a new Governor or with Eric Holder out as US AG? Imagine, the People can get the loot back from each of you and jail, too.
Next and coming, Cuomo in other RICO Fraud, Cuomo in "Iviewit" Patent Fraud , Cuomo creates a giant liability for NY State.
The WSJ reported on10/23/2010, "Audit Faulted Cuomo's HUD Overhaul," how the Inspector General's audit said Cuomo had impeded investigators examining the program and had asked "the Inspector General's office for the names of HUD employees who spoke with auditors." The audit said, "HUD chose an overly expensive and controversial solution that exacerbated any existing problem."
Cuomo's M.O. examples: 1. Now combine the above audit with the missing $59 Billion at HUD which was never accounted for and you see the first known use by Andrew Cuomo of his M.O. with his staff full of sound and fury while covering up a massive $59 Billion theft. Was this the CuomoTARP's first use to hide all the scurrying vermin (connected friends of Cuomo) devouring $59 Billion dollars.
2. "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." Same M.O., Cuomo's staff full of sound and fury looking out for the poor guy, while the crooks are stealing the poor guys blind.
3. And Cuomo repeated this with NY Medicare's 1.2 per year fraud Same Cuomo M.O., Cuomo's Attorney General's Office full of sound and fury is looking out for the elderly and infirm, while $1.2 Billion dollars per year is gone and not to the elderly and infirm.
3. Multiple $50,000 bribes to Senator Sampson and others, while the Cuomo's AG Public Integrity Office blusters. Same Cuomo M.O. Senator Sampson walks while Cuomo's Office talks.
4. Cuomo's AG Office spouts its toughness on crime, while it bungles a criminal trial and the rich executives walk Same Cuomo M.O.
5. The AEG scandal slips under the sound and fury of Cuomo's Public Integrity Unit. Cuomo avoids being directly named in Inspector General's report, but the "Victory Celebration" required Cuomo to be in the bag. The same Cuomo M.O. , but his smoking gun was found.
6. This whole blog is about Cuomo's cover-ups with his CuomoTARP, while the public is ripped off and abused. It's the same Cuomo M.O. - Diversionary Sound, Fury and Bluster covering up crimes
Andrew, your M.O. pattern (execute the crimes, prevent their detection and/or facilitate escape) smells like enterprise corruption, where the enterprise is your public office at HUD or as Attorney General.
NY Penal Law Article 460 - ENTERPRISE CORRUPTION
460.20 - Enterprise corruption. 460.30 - Enterprise corruption; forfeiture. 460.40 - Enterprise corruption; jurisdiction. 460.50 - Enterprise corruption; prosecution. 460.60 - Enterprise corruption; consent to prosecute. 460.70 - Provisional remedies. 460.80 - Court ordered disclosure.
Is R.I.C.O. in your future, Andrew, with a new Governor or with Eric Holder out as US AG? Imagine, the People can get the loot back from each of you and jail, too.
Next and coming, Cuomo in other RICO Fraud, Cuomo in "Iviewit" Patent Fraud , Cuomo creates a giant liability for NY State.
Andrew Cuomo Defends His "Official Tolerated Abuse Of Women Policy"
"Hell is empty and all the Devils are here." Shakespeare
Andrew Cuomo has married his "Soul" and "pledged its troth" to a harem of rich crooked lawyers, financiers and others, who likewise sold their souls. Thus pledged, Andrew has serially protected his "harem's reprobates" who've abused and assaulted women.
Andrew, what do you tell your daughters when they hear your protected sex predator in his own words in action on Youtube?
http://www.youtube.com/watch?v=1VPIxOiuT9Q&feature=related
This blog posts showed in "Cuomo can clean sex abuse from his own nest" and Isaac's former legal secretary how Andrew misused his power as Attorney General to protect/defend a well connected lawyer, Allen Issac, from criminal charges and thus acting as an accessory in violation of NY Penal Law § 20.00 Criminal liability for conduct of another. When one person engages in conduct which constitutes an offense, another person is criminally liable for such conduct when, acting with the mental culpability required for the commission thereof, he ... intentionally aids such person to engage in such conduct.
Andrew Cuomo deliberately refrained from his duties under his oath required by the NY Constitution to protect Ms. Esposito from NY Penal Law defined criminal conduct described by investigators as "Felony Level Sexual Abuse, Coercion And Soliciting Sex From His Client, Obstruction of Justice, etc."
In so doing, did Andrew Cuomo deprived Ms. Esposito of a benefit when he knowingly refrained from enforcing the laws of NY in violation of NY 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.?
But Cuomo's acquiescence to Abuse of Women by NY Government didn't end there. Andrew Cuomo is and was also using NY State money and his office defending, in federal court, a cabal of NY employed crooks and miscreants at the NY Attorney Discipline Committee against a whistle-blower, "Christine Anderson."
In this short video of Christine Anderson's testimony before the NY Senate Judiciary committee note that Ms. Anderson gives only a few examples and there are references to confidential information (not any more). The first person you hear and see is the infamous AEG implicated Senator Sampson, described by an incredulous Inspector General, Fisch, as,."This is Sen. Sampson," [who gave] confidential information to Carl Andrews, a former state senator and AEG lobbyist at the time. Sampson's lack of recall during his interview with investigators was remarkable. "I stopped counting the number of 'I don't recalls' when I reached 100," he said of Sampson's testimony." ,
Why, Andrew, did use use NY State money to defend the physical criminal assaulter of Ms. Anderson in Federal Court? And, why did you use NY State money to protect and defend your other reprobate rich large law firms abusing women as testified to by women at the NY Senate Hearings. Andrew, what do you tell your daughters about your abusing Ms. Esposito, Ms. Anderson and other women by protecting these well connected lawyers?
An e-mail with this blog post will be sent to NY NOW (info@nownys.org) for a response about this serial mistreatment of women as your Official NY Public Policy or had NOW provided indulgences for you and your "friends"? NOW's response will be published here, or if NOW chooses, in the comments.
Coming: A multitude of crimes in Federal Court testified to by Ms. Anderson and others which was covered -up and defended by Andrew Cuomo.
The Second Cuomo's Smoking Gun: AEG Victory Celebration Needed Rev. Sharpton And Andrew Cuomo In The AEG Bag
Here Boys, Here, Come Sharpton, Come Sampson, Come Silver, Come Cuomo, ...
Conclusions from reading the Inspector General Report on AEG with its criminal recommendations and the "Victory" celebration:
Andrew Cuomo, although MIA in prosecuting the AEG corruption, was hustling with the race pimps for their stable of voters. Did Andrew care that extra money to a pimp only goes for his wardrobe and not his stable mares? Not any more than Andrew cared for all the poor blacks victimized by his buddies while Cuomo was at HUD. Have these race pimps improved the lot of their stables since taking over the selling of their votes? Andrew "Gollum" Cuomo doesn't care, it's all about his "ring."
The AEG cash bait drops lured the race pimp, Rev. Sharpton with his stable of voters, "AEG members and a lobbyist also attempted to curry favor with the Reverend Al Sharpton by making contributions totaling almost $100,000 to the National Action Network, a group founded by him. Donations to National Action Network in 2009 included: $11,000 from AEG Chairman Richard Mays and his law firm; $13,500 from AEG member WDF; $12,500 from AEG member Levine Builders; and $25,000 from HW Funds Group, an entity associated with Joseph Logan, a member of AEG at the time. AEG lobbyist Carl Andrews, the key lobbyist who had arranged for the contributions pooled from AEG to flow to the Democratic Committee, also contributed $35,000 individually or through his firm."
Meanwhile, Andrew Cuomo hustled for money, corruption and power, "On Sunday, January 24, 2010, a New York Times article ...discussed Attorney General Andrew Cuomo’s courting of black civic leaders and clergy members in order to forestall criticism of his intended challenge to New York’s first African-American governor. Among those who met with Cuomo to discuss his potential candidacy was the [an AEG Principal] Reverend Floyd Flake, one of New York’s most influential African-American pastors."
And wasn't Andrew in the bag already, when "before a completed memorandum of understanding had even been submitted for approval to the Attorney General or State Comptroller, a number of AEG principals and lobbyists gathered for a celebration at AEG lobbyist Carl Andrews’s home. ... AEG lobbyist Georgio DeRosa unambiguously described the event as a “victory” celebration. ...a March 3, 2010 invoice for $1,562,93 submitted by Andrews to AEG Chairman Mays for reimbursement for the dinner was expressly labeled “For: Victory Celebration.”
Why did they think they had Andrew in the bag? Maybe, because Andrew Cuomo had got his cut in the AEG action, "Nor does it change the fact that Cuomo has received campaign contributions from individuals and companies aligned with the scandal, including Levine Builders, Turner Construction, Greenstar Services, and Floyd Flake."
The Report says, "The Inspector General finds that the selection of a VLT operator at Aqueduct Racetrack by the Governor, the Speaker of the Assembly, and the President of the Senate (the “three men in a room”) mandated by Tax Law § 1612, as implemented resulting in the January 29, 2010 selection of Aqueduct Entertainment Group (AEG), created a politically dominated process antithetical to the public interest."
The Report has Senator Sampson, Sheldon Silver and Paterson as the three men in a room fleecing the People of NY. Andrew Cuomo, who was MIA with the prosecution of AEG corruption, tells us things will change when “three men in a room” becomes: Cuomo, Sampson and Silver.
But neither Andrew Cuomo's nor the pimps' changes have ever benefited the People of NY regardless of their color.
Andrew, your second smoking gun is found? A Victory Celebration needed you in the bag, right?
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