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The Latest: NY Gov. Cuomo decries donor's remarks

Posted 5:36 p.m. Friday

— The Latest on comments made by a New York City hedge fund manager that compared a black New York state lawmaker to the Ku Klux Klan (all times local):

5:20 p.m.

New York Gov. Andrew Cuomo is denouncing comments from a top political donor who said a black New York state senator was worse than the Ku Klux Klan because of her support for teachers unions.

The Democrat released a statement Friday calling Daniel Loeb's comments "deeply hurtful and offensive."

Loeb, a billionaire hedge fund manager, wrote an online post in which he said Senate Minority Leader Andrea Stewart-Cousins, a Yonkers Democrat, had done more damage to "people of color" than anyone who ever "donned a hood," an apparent reference to the Ku Klux Klan. He later deleted the post and apologized.

Loeb is a leading charter school supporter.

Stewart-Cousins' spokesman said Loeb should be "ashamed of his disgusting comments."

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11:10 p.m.

A billionaire hedge fund manager has apologized for saying that a black New York state senator has "done more damage to people of color than anyone who has ever donned a hood" because of her support for teachers unions.

Daniel Loeb issued a statement saying he regrets the language he used in the Facebook post about Senate Minority Leader Andrea Stewart-Cousins, a Yonkers Democrat. The post was an apparent reference to the Ku Klux Klan. It was deleted late Thursday.

Loeb is a top donor to Democratic Gov. Andrew Cuomo and a leading charter school supporter. Top Democrats denounced his comments. Cuomo's spokesman called them "entirely inappropriate."

Stewart-Cousins' spokesman said Loeb should be "ashamed of his disgusting comments," adding that they speak volumes about the state of New York politics.

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