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Panel sends Countrywide Subpoena
politico.com ^ | October 23, 2009 | By JAKE SHERMAN

Posted on 10/24/2009 7:23:56 AM PDT by Dubya-M-DeesWent2SyriaStupid!

Republicans and Democrats on the House Oversight and Government Reform Committee agreed Friday night on language for a wide-reaching subpoena of Countrywide Financial’s VIP lending program as part of an investigation into allegations of influence peddling by the company at all levels of government, committee aides said.

The subpoena, which was sent out Friday night, will ask the lender to fork over documents relating to its “Friends of Angelo” program – named for CEO Angelo Mozilo, who allegedly offered favorable mortgage rates to persons of influence.

(Excerpt) Read more at politico.com ...


TOPICS: Crime/Corruption; Front Page News; Government
KEYWORDS: countrywide; dodd; doddcrook; mortgagefraud; panel; subpoena; sweetheartdeals

1 posted on 10/24/2009 7:23:56 AM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: NoObamaFightForConservatives

After all the stonewalling they must know the Countrywide files have been purged so they are safe to let this go now.


2 posted on 10/24/2009 7:25:03 AM PDT by MNJohnnie (Note to the GOP: Do not count your votes until they are cast.)
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To: NoObamaFightForConservatives

Woo Hoo!

Can’t wait to see what slithers out from under THAT rock!


3 posted on 10/24/2009 7:25:21 AM PDT by clee1 (We use 43 muscles to frown, 17 to smile, and 2 to pull a trigger. I'm lazy and I'm tired of smiling.)
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To: NoObamaFightForConservatives
Should have sent the Obama Czars a subpoena to testify before Congress while they were at it !
4 posted on 10/24/2009 7:27:50 AM PDT by Renegade (You go tell my buddies)
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To: NoObamaFightForConservatives

Whoops. I believe that might put Chris Dodd in the headlights.


5 posted on 10/24/2009 7:28:24 AM PDT by Old Retired Army Guy (tHE)
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To: NoObamaFightForConservatives

I am by no means a fan of businesses that suck up financially to government officials.

However, I do find it odd that the transaction is invariably described as one of bribery, with the business portrayed as taking the initiative.

I would contend that it’s more often a protection racket perpetrated by the official. More extortion than bribery.


6 posted on 10/24/2009 7:33:17 AM PDT by Sherman Logan ("The price of freedom is the toleration of imperfections." Thomas Sowell)
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To: Sherman Logan; All

Here is a copy of the subpoena

http://oversight.house.gov/documents/20091023212414.pdf


7 posted on 10/24/2009 7:34:19 AM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: NoObamaFightForConservatives

A Friday night, end of the news week release (how Clintonesque).

This might have legs.


8 posted on 10/24/2009 7:38:22 AM PDT by This_far (Mandatory insurance! I thought it was about health care?)
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To: This_far

They probably shredded all docs and deleted all e-mails. unless the FBI / DOJ (Eric Holder doing anything YEAH RIGHT! gets involved; I highly doubt justice will be served.But it looks good for Dodd to say I am clean.


9 posted on 10/24/2009 7:47:47 AM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: NoObamaFightForConservatives

bump


10 posted on 10/24/2009 7:54:28 AM PDT by nuconvert ( Khomeini promised change too // Hail, Chairman O)
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To: NoObamaFightForConservatives

The problem here is one of ethics, or lack of it, in the case of Dodd. The Countrywide VIP Program was legal. They probably did over 100,000 of these loans. Almost all of the borrowers had superior credit, and a high income. The shady part was a politician acceting a loan on favorable terms JUST BECAUSE HE COULD!


11 posted on 10/24/2009 8:04:19 AM PDT by stephenjohnbanker (Pray for, and support our troops(heroes) !! And vote out the RINO's!!)
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To: NoObamaFightForConservatives

It’s something, a start, on paper, a record.

Guess we should start writing to the news media to ask them about it? (they’re a business, they should report what people are interested in?) Couldn’t hurt.


12 posted on 10/24/2009 8:04:45 AM PDT by This_far (Mandatory insurance! I thought it was about health care?)
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To: stephenjohnbanker

accepting a loan on favorable terms, that is.


13 posted on 10/24/2009 8:05:22 AM PDT by stephenjohnbanker (Pray for, and support our troops(heroes) !! And vote out the RINO's!!)
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To: stephenjohnbanker

Dodd is dirty on this one.


14 posted on 10/24/2009 8:06:25 AM PDT by stephenjohnbanker (Pray for, and support our troops(heroes) !! And vote out the RINO's!!)
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To: NoObamaFightForConservatives
Skip to comments.DFU SONG: Home on the Range (Chris Dodd and his sweetheart Friends of Angelo Countrywide loans)
DFU News of the Day in Song ^ | 6-14-08 | Lyrics, Doug from Upland

Posted on 06/14/2008 7:27:37 AM PDT by doug from upland

MIDI - HOME ON THE RANGE




15 posted on 10/24/2009 8:13:28 AM PDT by doug from upland (10+ million views of HILLARY! UNCENSORED - put some ice on it, witch)
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To: AdmSmith; Berosus; bigheadfred; Convert from ECUSA; dervish; Ernest_at_the_Beach; Fred Nerks; ...
Friends of Angelo
That's it, piss off the mob. /sarc
16 posted on 10/24/2009 8:15:04 AM PDT by SunkenCiv (https://secure.freerepublic.com/donate/__Since Jan 3, 2004__Profile updated Monday, January 12, 2009)
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To: NoObamaFightForConservatives

Little late, dontcha think??


17 posted on 10/24/2009 8:17:22 AM PDT by Ann Archy (18%)
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To: NoObamaFightForConservatives

Friends of Angelo is the tip of the iceberg. Nail the timeline between Countrywide’s underwriting denials and the revision of FannieMae’s underwriting guidelines to provide approvals to those files. THAT’s where the real collusion and criminality lies.


18 posted on 10/24/2009 8:36:45 AM PDT by GVnana ("Obama is incredibly naive and grossly egotistical." Sarkozy)
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To: NoObamaFightForConservatives

Hummm. I thought the chairman of this committee was a VIP?


19 posted on 10/24/2009 8:40:06 AM PDT by WesternPacific (Tired of the Fools)
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To: clee1

The article said the subpoena wouldn’t cover the senate. I believe a whole bunch of snakes will not be slithering out from under any rocks.


20 posted on 10/24/2009 8:54:53 AM PDT by Sunshine Sister
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To: NoObamaFightForConservatives
Who really believes that this is going anywhere as long as Demonrats are in charge of all branches of government except the one that can't drive an investigation?
I'll believe that there is justice in America when Barney & Chris & Franklin are frog-marched out of the Capitol.
21 posted on 10/24/2009 8:58:26 AM PDT by Nevermore (...just a typical cracker, clinging to my Constitutional rights...)
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To: MNJohnnie

I doubt there is any evidence that “the Countrywide files have been purged.” Why would Bank of America purge the files? Bank of America did not own Countrywide when these loans were made, the loans were not illegal (maybe unethical, but not illegal), and Bank of America’s employees would have more to lose from discovery of a purging than from discovery of more evidence that Chris Dodd was unethical.


22 posted on 10/24/2009 11:16:17 AM PDT by olrtex
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To: NoObamaFightForConservatives

They sure gave Countrywide enough time to shred any files pertaining to Dodd, didn’t they?


23 posted on 10/24/2009 11:36:34 AM PDT by ridesthemiles
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To: Old Retired Army Guy
documents relating to a wide range of government employees – including members of the executive branch, House members and staffers, officers of Fannie Mae and Freddie Mac and employees of state and local governments. Senators will not be included in the House’s investigation.

something really smells here, but like Charlie Rangle I hold little hope for accountability

24 posted on 10/24/2009 1:01:34 PM PDT by opentalk
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