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Archive of posts published in the tag: Andrew Cuomo

Creation of Destructive Demand

In 1993, under Andrew Cuomo (currently governor of New York), the Department of Housing and Urban Development (HUD) announced that it would “encourage” Freddie Mac and Fannie Mae to have half their loan portfolios in affordable-housing (subprime) loans. Freddie and…

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Rewarding Failure with Power

“When businesspeople and senior executives do a bad job they are -eventually at any rate- thrown out on their ear.  As Fed Governor, Ben Bernanke convinced his colleagues to pump up an inflationary bubble to avoid a crisis; as U.S…

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