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    1998 HUD Secretary Andrew Cuomo admits Affirmative Action Lending Forced onto Finance Industry

    MaDmOnkyKungFu

    by MaDmOnkyKungFu

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    HUD Secretary Andrew Cuomo along with Janet Reno in the justice department forced banks to make bad loans as a practice until the industry began a systemic collapse requireing a bailout.

    Any attempt by the Bush admiistration to correct this situation was blocked by the Democrats in congress and administration officials such a Alberto Gonazalez was pretty much hounded out of office by leftist groups such as ACORN lead by community organizers like Barack Obama.