Panel sends Countrywide Subpoena

politico.com ^ | October 23, 2009 | By JAKE SHERMAN

[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.

[Nevermore]

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.

[olrtex]

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.

[ridesthemiles]

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

[opentalk]

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