Skip to comments.Democrats resist subpoenaing records (other members of Congress got VIP Countrywide mortgages?)
Posted on 07/31/2009 7:35:57 AM PDT by Libloather
Democrats resist subpoenaing records
Jul 31, 2009 - 04:05:00 CDT
By LARRY MARGASAK
Associated Press Writer
WASHINGTON - House Democrats have declined to subpoena available records that might reveal whether other members of Congress got discounted VIP mortgages from subprime lender Countrywide Financial Corp. similar to the sweetheart deals given Democratic Sens. Chris Dodd and Kent Conrad.
Republicans say they are willing to risk that the records now held by Bank of America may show that GOP lawmakers were also "friends of Angelo" who got preferential terms on personal mortgages at the behest of then-Countrywide CEO Angelo Mozilo.
Countrywide, after losing billions of dollars on defaulted subprime loans that triggered last year's financial crisis and the consequent recession, was taken over by Bank of America a year ago.
Rep. Edolphus Towns, D-N.Y., chairman of the House Oversight and Government Reform Committee, said he has other work to do on the causes of and fixes for the financial crisis and will not interfere with other investigations of the VIP loans.
It is unclear whether the Justice Department is still investigating Dodd, Conrad or the Countrywide VIP program.
(Excerpt) Read more at bismarcktribune.com ...
Sounds just like the type of health care they'll get after passing the Crap Sandwich.
PAAALEEEZE...ofcourse the leaches in Washington got a deal.
How’s that “transparency” thing that you promised working out for ya, Bammy?
Fox is guarding the henhouse...Government Gone Wild.
This is just another example of libtard hypocracy and also shows the MSM’s culpability in all this crap.
The headline should read:
Dodd Still Not Indicted?
Not to mention the most ethical congress in history.
LOL - Chris Dodd just wants all this to go away. He’s finally in for the fight of his political life at home. I’m sure his constituents just loved it when he ‘bought’ a house and actually moved his family to Iowa in his joke of a run for President.
When will Americans take a stand and throw these thugs out of Washington?