Feb 23, 2009
Career Albany Politician Jim Tedisco: Putting Felons First
It's no surprise that career Albany politician Jim Tedisco puts what's best for his convicted campaign contributors before what's best for Upstate New Yorkers. This is the same career Albany politician who refuses to support President Obama's economic recovery bill, uses taxpayer funded cars, racks up $21,000 in taxpayer funded gasoline charges, and accepts big pay raises while voting for 221 tax increases that help bankroll his taxpayer funded perks.
Albany politician Jim Tedisco voted against the mortgage bill of rights, helping prevent foreclosures, and regulating reckless subprime lending. But, Tedisco was quick to support and lobby for a lighter sentence for David Silipigno, one of Tedisco's biggest campaign contributors who was convicted of mortgage fraud.
"Career Albany politician Jim Tedisco fights for his felon campaign contributor who was convicted of mortgage fraud, but votes against a mortgage bill of rights for his constituents. Those aren't the values of Upstate families who are working hard and playing by the rules," said Jennifer Crider, Communications Director at the Democratic Congressional Campaign Committee. "Upstate homeowners can't afford for politician Jim Tedisco to bring his felon-supporting Albany ways to Washington."
Tedisco's fifth highest contributor was convicted of mortgage fraud; Tedisco wrote a letter requesting a lighter sentence. Tedisco Wrote Letter requesting Lighter Sentencing for David Silipigno who was Convicted of Defrauding Mortgages. Silipigno later founded a new company which became Tedisco's fifth highest campaign contributor. [The Times Union (Albany, NY), 12/9/03; Campaign Finance Data]
Tedisco opposed the mortgage bill of rights. In 2008, Tedisco voted against a bill, which was part of a four bill package, designed to combat the subprime lending crisis. The Mortgage Bill of Rights mandates that applicants for a home loan be provided the Mortgage Applicant's Bill of Rights which would guarantee them certain rights and legal options when obtaining a mortgage. The bill passed 122-15. [A10219, 5/07/08; Project Vote Smart, accessed 1/28/09]
Tedisco opposed foreclosure prevention legislation. In 2008, Tedisco voted against the Foreclosure Prevention Act of 2008, which was part of a four bill package, designed to combat the subprime lending crisis. The bill passed 104-33. [A10083, 5/07/08] [Project Vote Smart, accessed 1/28/09]
Tedisco opposed a bill to regulate subprime lending. In 2008, Tedisco voted against a bill, which was part of a four bill package, designed to combat the subprime lending crisis. The bill passed 113-21. [A8972, 5/07/08; [Project Vote Smart, accessed 1/28/09]
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