Skip to comments.Countrywide inquiry broadens (the net widens including mid-level Hill staffers and bureaucrats)
Posted on 10/26/2009 4:57:51 PM PDT by NormsRevenge
A wide ranging congressional investigation into Countrywide Financial will dig into how the mortgage giant went about picking government officials to offer its VIP program, according to aides involved with the inquiry.
Thanks to an agreement between Republicans and Democrats reached late Friday night, any name of a member of Congress involved in the VIP program will head straight to the ethics committee, while redacted copies of those documents will be given to the House Oversight and Government Reform.
But the committee has cast a much wider net, looking into whether lobbyists or others in Washington helped identify mid-level Hill staffers and bureaucrats who may have been important to influence, according to Democratic and Republican aides involved with the inquiry. This could also ensnare congressional staffers who took advantage of any VIP programs.
Our investigation into Countrywides VIP program isnt about who got what sweetheart deal, GOP committee spokesman Kurt Bardella said. Its about exposing the full scope of Countrywides calculated and deliberate effort to manipulate mortgage and lending policies that set the stage for the financial crisis while the government looked the other way.
The focus of the investigation will center on the paths to power namely how Countrywide Financial decided who to enroll in its VIP program, coined Friends of Angelo, named after former CEO Angelo Mozilo.
In turning its lens toward whether K Street identified staff members on Capitol Hill, committee aides say they believe they will be able to find the root of any potential corruption. One committee aide said showing staff members involvement in the VIP program would have a greater impact than implicating legislators themselves.
(Excerpt) Read more at politico.com ...
Mr. Dodd...please pick up the white courtesy phone.
Eric Holder issues pre-meditated dismissals, mistrials, and pardons for all Democrats involved.
Perhaps they’ll ax Nazi Pelosi about her son’s $Million Countrywide job??
Pray for America’s Freedom
Why don’t they also start an investigation into Northern Trust in Illinois? Obama got his 30-year $1.32 million loan from them at a 5.62% rate well below the going rate of 6% at the time and paid absolutely no discount points or origination fees. In comparison to what other people would have been charged at the time, he is saving over $300 monthly on his mortgage payments, not to mention the deal he got on the property.
Why dont they also start an investigation into Northern Trust in Illinois? Obama got his 30-year $1.32 million loan from them at a 5.62% rate well below the going rate of 6% at the time and paid absolutely no discount points or origination fees. In comparison to what other people would have been charged at the time, he is saving over $300 monthly on his mortgage payments, not to mention the deal he got on the property.””
Did he have to show a birth certificate???
What would the monthly payments be on that amount?
What income does he have to pay it with today?
that might be racist!
Yep. This is going nowhere.
What a joke - Obama and Holder with “white” wash it. Rahm and Jamie Gorelnick should be in jail with Franklin Raines and others at Fannie and Freddie plus Stan O’Neil at Merrill to name a few.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.