Skip to comments.Two Dems join GOP in calling for Countrywide investigation
Posted on 10/24/2009 3:52:27 AM PDT by Scanian
Susan Crabtree of The Hill has the scoop:
"Two junior Democrats are urging their leaders to open an investigation into the Countrywide VIP mortgage program.
Rep. Paul Hodes (N.H.), who is in his second House term, and freshman Rep. Mike Quigley (Ill.) called on the House Oversight and Government Reform panel to initiate an investigation into Countrywide Financial's 'Friends of Angelo' VIP program and whether it was used to gain influence over federal officials.
They made their case for the investigation in a letter to Rep. Edolphus Towns (D-N.Y.), the panel's chairman, and Rep. Darrell Issa (R-Calif.), the ranking member.
Towns has stood firmly against opening an investigation in the face of months of pressure from Issa and Republicans.
Towns, who received two mortgage loan from Countrywide unit that processed VIP loans but insists he received no special favors, has said he does not want to interfere with a Justice Department probe into the matter.
'The American people deserve to know the truth about these lending practices, and if they had undue influence on federal housing or financial policy based on awarding VIP loans to federal officials,' wrote Hodes and Quigley. 'We look forward to working with you to undertake a thorough investigation of this program and provide transparency and answers for our constituents.'"
When did a Justice Department investigation ever stop the Democrats from holding hearings during the Bush administration?
(Excerpt) Read more at americanthinker.com ...
Freshmen Democrats - wow WHO would have thought that?
These guys KNOW what’s coming and are trying to save their own seats.
Hodes sent out a BS-gram criticizing the credit card companies for raising rates and changing rules prior to the bill he rammed through congress which will prevent further changes.
He is the poster child for unintended consequences of feel-good acts!
Hodes is a RAT fraud...but then, I repeat myself!
Let the Justic Department investigate. Eric Holder is on the job.
Not even Carson as the Great Karnac is needed for this.
Oversight and Government Reform Chairman Edolphus Towns (D-N.Y.) is facing heat from up and down the Democratic ladder after locking Republicans out of his committee room this week in an ongoing spat over a mortgage lending controversy.
Yeah, that'll get to the bottom of it!
(not holding my breath, just cleaning my guns....)
Alan Grayson is in the same boat but his reaction is to show his azz at every opportunity.
He shouldn’t let the House door hit him there when he gets tossed next year.