The Subprime Crisis: Wasn't Andrew Cuomo Part of the Problem?
This article is for subscribers only.
Reading "Andrew Cuomo: Culpability and Comeuppance on Wall Street" (FaceTime, May 11), Maria Bartiromo's interview with New York's Attorney General, I kept expecting Cuomo to be asked about his own culpability in the subprime mortgage crisis. This missed opportunity is unfortunate. More people need to know how former Housing & Urban Development Secretary Cuomo and his then-boss Bill Clinton helped initiate the crisis by pressuring banks, thrifts, and mortgage companies—through Fannie Mae (FNM)—to extend mortgages to subprime borrowers.
Gregory WaltonGROSSE POINTE SHORES, MICH.