Tuesday, September 23, 2008

Oops

The Village Voice (via Cafe Hayek) reports:
Andrew Cuomo, 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 without putting in place the means to monitor their increasingly risky investments.
Meanwhile:

Sen. McCain suggested that he might replace the head of the Securities and Exchange Commission with a Democrat, suggesting Andrew Cuomo, New York state's attorney general.

"He is somebody who could restore some credibility, lend some bipartisanship to this effort," Sen. McCain said on CBS's "60 Minutes."

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