Andrew Cuomo

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BofA Boss Ordered to Testify in $3.6B Bonus Probe

Massive perks paid out before pricey bailout

(Newser) - Bank of America chairman Kenneth Lewis has been subpoenaed to testify in the investigation into possible deception of investors over the Merrill Lynch takeover, sources tell the Wall Street Journal. New York Attorney General Andrew Cuomo is exploring whether the bank broke the law by failing to inform investors of...

NY AG May Claw Back $4B Merrill Bonuses

Cuomo expands probe into Merrill's handling of pre-takeover handouts

(Newser) - New York Attorney General Andrew Cuomo is considering action ordering the return of $4 billion in early bonuses Merrill Lynch handed out to staff just before its bailout-backed takeover by Bank of America, an insider tells Bloomberg. Cuomo has widened his probe into the bonuses and aims to find out...

Ousted Thain Subpoenaed on Early Merrill Bonuses

NY attorney general also calls BoA exec in probe of banks and TARP funds

(Newser) - New York’s attorney general issued a subpoena today to force John Thain to testify about his acceleration of bonus payments for Merrill Lynch employees last month, the Financial Times reports. A subpoena was also issued to a Bank of America executive thought to have consulted with Thain—then Merrill’...

Paterson's Poll Numbers Tank After Debacle With Caroline

Guv cancels Davos trip to shore up support

(Newser) - New York Gov. David Paterson's poll numbers have hit the toilet as he grapples with a $15.8 billion deficit and reaction to his handling of the Caroline Kennedy Senate decision, reports the New York Daily News. The numbers have so spooked Paterson that he's decided to ditch his trip...

Cuomo's in the Running for Clinton Seat, Paterson Says

Admission is first that AG is even a candidate

(Newser) - Continuing his elusive dance around Hillary Clinton’s Senate seat, New York Gov. David Paterson said yesterday that state Attorney General Andrew Cuomo “is someone I’m considering,” the Buffalo News reports. Paterson also seemed unafraid of a possible Cuomo challenge in 2010 if he isn’t seated...

Paterson 'Certain' to Pick Kennedy: Also-Rans

NY governor playing 'mind games' with media in delaying announcement

(Newser) - Her rivals for Hillary Clinton’s senate seat believe Caroline Kennedy is “certain” to succeed her, sources close to several contenders tell the New York Post. Gov. David Paterson thinks dissing Kennedy at this point would “greatly embarrass” and “entirely humiliate” her and her family—and potentially...

New Yorkers Souring on Sweet Caroline

Sheen comes off Kennedy in new poll

(Newser) - Caroline Kennedy’s botched media blitz seems to be taking a toll on her popularity. Last month, she and state Attorney General Andrew Cuomo were tied with the support of 25% of New Yorkers in their bids to be New York's new senator. Now, a Marist poll has Cuomo at...

Paterson Interviews Cuomo; Kennedy Not Out
Paterson Interviews Cuomo; Kennedy Not Out
UPDATED

Paterson Interviews Cuomo; Kennedy Not Out

And she didn't 'eliminate herself,' says Paterson, who avoids naming frontrunner

(Newser) - New York AG Andrew Cuomo, who couldn't be less interested in Hillary Clinton's Senate seat, nonetheless met with Gov. David Paterson about it last month, reports the New York Daily News. A Cuomo rep refused to comment, other than to call the information "factually inaccurate," and Paterson's...

Insiders: Cuomo Aide Putting Brakes on Kennedy Bid

NY's AG eying Clinton's Senate seat himself

(Newser) - An aide to New York Attorney General Andrew Cuomo has been urging labor chiefs and upstate officials not to support Caroline Kennedy's Senate bid, insiders tell the New York Times. The aide—known as Cuomo's enforcer—is said to have questioned Kennedy's credentials and dropped broad hints that Cuomo himself...

Bloomberg to NY Guv: Stop Stalling and Name Senator

Kennedy ally slams scrutiny, says process 'out of control'

(Newser) - New York Mayor Michael Bloomberg is pushing Gov. David Paterson to speed up his Senate appointment, the Daily News reports. “The governor should make a decision reasonably quickly because this is just getting out of control,” said the ally of Caroline Kennedy. “Everybody’s focusing on the...

Cuomo Leads Kennedy in NY Poll
Cuomo Leads Kennedy in NY Poll

Cuomo Leads Kennedy in NY Poll

Voters prefer AG by 3 points but predict Paterson won't pick him

(Newser) - New Yorkers would prefer that David Paterson pick Andrew Cuomo over Caroline Kennedy to fill Hillary Clinton’s Senate seat, a new poll shows. Cuomo leads Kennedy 26% to 23% in a Siena College survey of New York voters, the Rochester Democrat and Chronicle reports. Despite the state AG’s...

Sources: Paterson Not So Keen on Caroline

Governor thinks NY needs a more assertive voice in the Senate

(Newser) - David Paterson likes and respects Caroline Kennedy, but the New York governor isn't so sure she's cut out to be Hillary Clinton's replacement. Giving Kennedy 20-1 odds, an anonymous insider tells Fredric U. Dicker of the New York Post that Paterson wants his state to have a louder voice in...

Hillary's Seat Ignites Cuomo, Kennedy Rivalry

Messy war looms over Senate vacancy between powerhouse families

(Newser) - The jockeying for the New York Senate seat vacated by Secretary of State-designate Hillary Clinton is aggravating long-simmering tensions between Democratic powerhouse families the Kennedys and the Cuomos, reports the New York Daily News. Ted Kennedy is already lobbying for niece Caroline to step into the vacancy. But New York...

Meet the NY Dems Who Want Clinton's Seat

Cuomo brings fundraising advantage, but should Paterson pick a woman?

(Newser) - Hillary Clinton’s secretary of state nomination has left New York Democrats jockeying for her New York senate seat—and gives Gov. David Paterson a little personal political leverage. Though he hasn’t indicated whom he will appoint, the Washington Post lists some key factors and candidates:
  • There is pressure
...

Will Bill Replace Hill in Senate?

New York governor to choose new senator

(Newser) - Bill Clinton is one of the possible choices to replace Hillary Clinton in the Senate when she becomes secretary of state, CNN reports. Other top contenders include New York Attorney General Andrew Cuomo, Robert Kennedy Jr, or Caroline Kennedy. New York Gov. David Paterson, who will appoint Clinton’s replacement,...

NY Probes AIG's Golden Parachutes, Spending

Attorney general charges insurer with 'unwarranted and outrageous expenditures'

(Newser) - New York's attorney general today called on AIG's directors to recover millions in “outrageous expenditures,” including golden parachutes to executives even as it neared the collapse that brought an $85 billion federal intervention, the Wall Street Journal reports. Andrew Cuomo is investigating whether the insurer broke state law...

Candidates Talk Leadership, Race, on 60 Minutes

Mac goes bipartisan, Obama talks leadership, plays down race

(Newser) - John McCain tried to strike a bipartisan tone during his 60 Minutes interview last night, and Barack Obama played down the race issue while highlighting his leadership experience. Both presidential candidates sat for prime-time interviews on the show, during which McCain floated the name of prominent Democrat Andrew Cuomo to...

Short-Sellers, False Rumors Under Scrutiny
Short-Sellers, False Rumors Under Scrutiny
updated

Short-Sellers, False Rumors Under Scrutiny

(Newser) - They may not be the most glamorous of villains, but so-called short-sellers are coming under growing scrutiny for their role in the market chaos, Bloomberg reports. New York Attorney General Andrew Cuomo said today he's investigating whether short-sellers spread false rumors about firms such as AIG and Lehman Brothers so...

Energy Firm to Tell Investors of Risks From Global Warming

Xcel agrees to first pact of its kind with NY AG

(Newser) - A major builder of coal-fired power plants has agreed to fully inform investors of the risks global warming poses to its business in a landmark deal with New York's attorney general. Green groups hope the agreement by Xcel Energy will spur other firms to follow suit, reports the New York ...

3 More Wall Street Firms Agree to Buy Back Securities

Settlement reached after auction-rate securities market collapse

(Newser) - Merrill Lynch, Goldman Sachs and Deutsche Bank have agreed to a settlement with New York's attorney general and other state regulators to buy back $14.5 billion of now worthless auction-rate securities. The brokerages will also pay $162 million in fines to settle charges that they misled investors into thinking...

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