NY’s Cuomo Is ‘Father of Subprime Crisis:’ Bove

in Gold Gold Bullion prices by admin — March 8, 2010 4:45 am | no comments

New York Attorney General Andrew Cuomo is the “father of the subprime crisis” and his aggressive attacks on Wall Street could make him dangerous to the banking sector if he becomes the next governor of New York, well-known banking analyst Dick Bove told CNBC. “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,” said Bove, of Rochdale Securities, in a live interview. “It's also thought by many that the hundreds of… Original Article: Forum: News/Activism

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NY’s Cuomo Is ‘Father of Subprime Crisis:’ Bove

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