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BOOM! (Friends Of Angelo)
The Market Ticker ^ | 10/23/09 | Karl Denninger

Posted on 10/23/2009 12:42:49 PM PDT by FromLori

It's about damn time:

Bank of America Corp Reportedly Congressman Towns issuing subpoena to Countrywide Financial in mortgage probe - Congressman Towns says he has requested information from Wells Fargo, JP Morgan, Citigroup, and GMAC; is prepared to issue subpoenas to other banks in mortgage probe if they don't comply

(Source: Via Rebeltrader off wires)

Remember that this is the same Congressman Towns:

After GOP members of the House oversight committee shot footage for a "campaign style video" in the committee room, Democrats responded by changing the lock on a private door leading in from the Republican suite of offices.

Committee Chairman Edolphus Towns (D-N.Y.) ordered the lock changed after complaining that Rep. Darrell Issa (R-Calif.) used an unauthorized camera inside the hearing room during a recess. Issa set the footage to "Hit the Road, Jack" and accused Democrats of avoiding a vote to authorize subpoenas in the Countrywide sweetheart mortgage program.

That was just two days ago.

Looks like Congressman Towns has capitulated - Darrell Issa wins this one both on the facts and in the court of public opinion.

Remember, President Obama promised us "open government" and "accountability", along with five days for everyone to read every bill he was sent before he signed it.

Those were all lies, you know....

As I pointed out on September 23rd, even the name of the program, "Friends of Angelo", strongly implied special privilege.

Do you think we'll get an honest look at the program this time - and Congressional complicity both with it and participation in it? I doubt it, but this is what we can all agree, I believe, is "a good start."

PS: If I'm really on the White House "enemies" list, as was sent to an associate from an "anonymous" source, then bully for me. I stand with such notable folk as Glenn Beck and Fox News. Long live investigative journalism and The First Amendment, whether the government likes it or not!

TOPICS: Government; News/Current Events
KEYWORDS: dodd; housingmeltdown; obama
Video and links at site
1 posted on 10/23/2009 12:42:50 PM PDT by FromLori
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To: FromLori

Why can’t a stockholder of Countrywide file a lawsuit claiming improper diversion of company funds, then get all this information in discovery?

2 posted on 10/23/2009 1:05:53 PM PDT by Sherman Logan ("The price of freedom is the toleration of imperfections." Thomas Sowell)
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