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


    by MaDmOnkyKungFu

    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.