Andrew Cuomo channeling Emperor Palpatine
On Monday he was proud of his "accomplishment" of having the recipients of $10M in AIG bonuses return them. Although he cost the cash strapped Empire State an estimated $2 million in revenues in the deal and cash starved NYC about a half million. He crowed that since they gave back their (contractually agreed to and US congress approved) bonuses he "would not have to" disclose the names of those private citizens to the public. And of course the feds were in lines to rack up about $20 million of that cash.
It is rare that a state Attorney General BRAGS about his extortion-like methods of harassing non-criminal private citizens. And what exactly is his legal grounds for harassing private citizens to give up their legally obtained monies? Don't ask Cuomo... he is to busy trying to play class warfare to make a name for his run for the state house to trouble himself with something as trivial as the law.
Where are the feds on this? There are two US Attorneys for NY State, the northern district and the southern district. Since Cuomo violated the rights of citizens in both districts there is no excuse for one, or both of them, to be building a case against this sphincter. RICO may not apply in this instance alone, however, when you take Cuomo's history of bullying corporations and threatening un-indicted private citizens the state AG's office looks more like an ongoing criminal enterprise than a law office.
And the ironic part of him threatening AIG employees is that this economic crisis was not caused by AIG, the ground work that allowed the situation to occur was pushed over the edge by the Clinton administration when they had Cuomo threaten banks that they had to comply with the CRA. He then sat idly by as the SEC allowed banks to lump these toxic loans into derivatives, he also watched (as an AAG) as the derivatives market began trading these toxic assets. All AIG did was be one of the few insurers that backed the derivatives. The whole reason the derivatives were permitted to exist and be traded was because of Andrew Cuomo's role in forcing them to be created in order to share the risk of the federally mandated sub-prime mortgage market.
In a perfect world, the next time this guys sees a court room would be in an orange jumpsuit seated at the defendant's table.
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