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MRS. O'LEARY FOR FIRE MARSHAL

September 22, 2008

Senator McCain last week said he would fire SEC Commissioner Christopher Cox. Over the weekend he said he might replace him with Andrew Coumo. This Andrew Coumo:

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. 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.

Sigh...

Via Instapundit.

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