Analyst Bove blames subprime meltdown on New York's Cuomo

Why Attorney General Andrew Cuomo wouldn't be good for Wall Street if he replaces Paterson, with Dick Bove, Rochdale Securities.

Dick Bove, a respected banking analyst, called Andrew Cuomo, attorney general of New York, the "father of the subprime crisis." "One of the key reasons why [Fannie Mae and Freddie Mac are] bankrupt today, and why the government is spending hundreds of millions of dollars in supporting them, is because of the edicts pushed through by Mr. Cuomo," said Bove, an analyst with Rochdale Securities. Bove also said Wall Street will be at risk if Cuomo becomes governor of New York.