Source: Washington Examiner
After leaving HUD, Cuomo went on to become New York's attorney general and now, like his famous father before him, he is all but officially seeking to be the Empire State's governor. That job has in the past been a springboard to much bigger things, and Cuomo has until recently seemed a shoe-in to take this next big step.
But people are beginning to focus now on Cuomo's record in a much more detailed way and what they are finding is not going to do him any good. As an example, CNBC's Maria Bartiromo interviewed Wall Street analyst Dick Bove, who makes a devastating case that Cuomo's decisions as HUD secretary led directly to the economic meltdown in 2008:
"One of the key reasons why [Fannie Mae and Freddie Mac are] bankrupt today, and why the government is spending hundreds of millions of dollars in supporting them, is because of the edicts pushed through by Mr. Cuomo," Bove told Bartiromo.
"It's also thought by many that the hundreds of thousands of people who are losing their homes, are [doing so] to a great degree because of the actions taken by Mr. Cuomo at HUD," he said.
Bove warned that Cuomo would likely take actions as governor to "attack the most important industry in the state," Wall Street, and that this would cause numerous high-income individuals and corporations that are critical to the state's tax base to leave for friendlier climes, such as Florida, where Bove, a native New Yorker, now resides and works for Rochdale Securities.
You can watch the entire CNBC interview here: