Details on how a Clinton Appointee, and one of the more Leftist pols in our lifetime, gave birth to current economic crisis

New York Attorney General, Andrew Cuomo, then the "youngest Housing and Urban Development secretary in history, made a series of decisions between 1997 and 2001 that gave birth to the country's current crisis. He took actions that—in combination with many other factors—helped plunge Fannie and Freddie into the subprime markets..."

"He 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. Three to four million families are now facing foreclosure, and Cuomo is one of the reasons why."

Read the whole thing in the Leftist "Village Voice", of all places.