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Keyword: edolphustowns

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  • CBS, AP: Dem chair of House Oversight covered up ties to Countrywide for himself, colleagues,

    08/17/2012 7:14:11 AM PDT · by Hojczyk · 11 replies
    Hot Air ^ | August 17,2012 | ED MORRISSEY
    A Democratic committee chairman overrode his own subpoena three years ago in an investigation of former subprime mortgage lender Countrywide Financial Corp. to exclude records showing that he, other House members and congressional aides got VIP discounted loans from the company, documents show. The procedure to keep the names secret was devised by Rep. Edolphus Towns, D-N.Y. In 2003, the 15-term congressman had two loans processed by Countrywide’s VIP section, which was established to give discounts to favored borrowers. Issa exposed Towns’ coverup by issuing a second subpoena, which disgorged all of the records: The effort at secrecy was reversed...
  • Anti-Israel Candidate Demands Recount after Huge Loss

    06/27/2012 4:54:32 AM PDT · by Eleutheria5 · 19 replies
    Arutz Sheva ^ | 27/6/12 | Tzvi Ben Gedalyahu
    New York City councilman Charles Barron, who has called Israel a “terrorist state,” was clobbered in his bid for a Congressional seat but blamed the media and demanded a recount. Barron lost out to state Assemblyman Hakeen Jeffries in the race to succeed retiring 24-year incumbent Congressman Edolphus Towns. The redrawn district is highly Democratic and Jeffries can expect to coast to a victory in the November elections against the Republican party nominee. Jeffries won the primaries Tuesday night by a whopping 72-28 percent margin. Democratic party leaders went all out to prevent an upset victory by Barron, which would...
  • Countrywide Probe is Chance for Ethics Committee to do 'Something Significant'

    12/21/2011 9:21:15 AM PST · by jazusamo · 6 replies
    National Legal & Policy Center ^ | December 21, 2011 | NLPC Staff
    It appears that four current members of the United States House of Representatives received loans via the VIP program of Countrywide Financial Corporation. Once again the motives of the former giant mortgage institution have been brought into question. Where they trying to peddle influence with these loans? Congressman Darrell Issa (R-CA) is the Chairman of the House Oversight and Government Reform Committee and he has been investigating the VIP program for a number years. Issa reportedly learned about the four loans after issuing a subpoena to Bank of America. Countrywide was purchased by Bank of America in 2008 and...
  • Democrats Introduce Bill to Seal Up Obama’s Presidential Records

    10/06/2011 12:57:32 AM PDT · by Watchdog85 · 27 replies
    Pajamas Media ^ | 05 October, 2011 | Bryan Preston
    According to Judicial Watch, Rep. Edolphous Towns (D-NY) has introduced the Presidential Records Act Amendments of 2011. That bill would do with Obama’s presidential records what Obama has already done to his personal and collegiate records: Seal them up. In an obvious effort to protect President Barack Obama, a group of congressional Democrats has introduced legislation to create an official process that will allow the commander-in-chief to keep presidential records secret after he leaves office. Ironically, Obama revoked a similar George W. Bush order in one of his first official acts as president. In 2001 Bush penned an executive order...
  • Issa demands details on Countrywide's VIP loan program (Friends of Angelo)

    02/16/2011 6:46:41 PM PST · by Libloather · 21 replies
    The Hill ^ | 2/16/11 | Peter Schroeder
    Issa demands details on Countrywide's VIP loan programBy Peter Schroeder - 02/16/11 06:31 PM ET Bank of America will have to turn over all documents and records tied to Countrywide Financial's VIP lending program after House Oversight Committee Chairman Darrell Issa (R-Calif.) issued a subpoena for them Wednesday. Issa announced the far-reaching subpoena, his first as chairman of the panel, and made clear that he wanted to know specifically what public employees or elected officials may have benefited from the program. Issa is looking for all documents about the program, and is particularly interested in what "covered borrowers" were involved...
  • Democrats lock Republicans out of committee room

    10/20/2009 5:27:06 PM PDT · by markomalley · 97 replies · 6,051+ views
    The Hill ^ | 10/20/2009 | Susan Crabtree
    Rep. Edolphus Towns (D-N.Y.) locked Republicans out of the House Oversight and Government Reform Committee room to keep them from meeting when Democrats aren’t present. Towns’ action came after repeated public ridicule from the leading Republican on the committee, Rep. Darrell Issa (R-Calif.), over Towns’s failure to launch an investigation into Countrywide Mortgage’s reported sweetheart deals to VIPs. For months Towns has refused Republican requests to subpoena records in the case. Last Thursday Committee Republicans, led by Issa, were poised to force an open vote on the subpoenas at a Committee mark-up meeting. The mark-up was abruptly canceled. Only Republicans...
  • The Vote Democrats Don't Want: Whatever you do, don't mention Countrywide.

    10/17/2009 3:37:48 AM PDT · by Scanian · 12 replies · 1,690+ views
    Wall Street Journal ^ | OCTOBER 16, 2009 | JAMES FREEMAN
    If you think moderate Democrats are afraid of voting for ObamaCare, you should see how they react to a potential vote on the Countrywide Financial loan scandal. The House oversight committee was scheduled to meet on Thursday afternoon to mark up several minor pieces of legislation. Days before the meeting, California Republican Darrell Issa notified committee Chairman Edolphus Towns that Mr. Issa would call for a vote to subpoena Countrywide documents from Bank of America, which bought the failed subprime lender last year. Recall that, under the "Friends of Angelo" program, named for former Countrywide CEO Angelo Mozilo, Democratic Senators...
  • New Twist in Countrywide Loan Probe

    08/09/2009 8:30:43 AM PDT · by AtlasStalled · 22 replies · 871+ views
    CBS News ^ | Aug 7, 2009 | Sharyl Attkisson
    Add Congressman Edolphus Towns to the growing list of influential Democratic and Republican VIP's who received loans from Countrywide Financial. That's significant because Towns, a Democrat, heads the committee investigating the mortgage giant's practices. And he personally is blocking the effort to subpoena Countrywide documents. Republican Darrell Issa is behind the subpoena effort. "It's really about what Countrywide sought to do, how vast it was, what they got for their millions of dollars in discounts and how do we make sure it doesn't happen again," Issa said. A Countrywide whistleblower says the company aggressively courted those in position to influence...
  • Key Lawmaker Received Countrywide Loans

    08/06/2009 9:30:17 PM PDT · by FromLori · 6 replies · 496+ views
    WSJ ^ | 8/7/09
    A powerful House Democrat who has turned down a Republican's call to subpoena records of a mortgage program at Countrywide Financial Corp. received two home loans from the lender. Some information in the lawmaker's mortgage documents raises the possibility they were made through the program, which provided loans to public figures and other favored borrowers often at lower interest rates or with lower origination fees than were available to the general public. The loans were made to Rep. Edolphus Towns of New York, who heads the House Oversight and Government Reform committee. The panel's ranking Republican, California Rep. Darrell Issa,...
  • Congressman Towns Covering Up His Involvement With Countrywide Financial?

    08/06/2009 8:56:41 PM PDT · by Shellybenoit · 1 replies · 388+ views
    WSJ/The Lid ^ | 8/6/09 | The Lid
    Two Democratic Party senators, Chris Doss and Kent Conrad have been "caught" receiving Sub-Prime "VIP" Loans from lender Countrywide Inc. The Loans were at favorable interest rates. Despite the fact that the lender has testified that both men knew that they were getting a sweetheart deal, Senator Dodd claims he didn't know he was getting favorable rates..... California Republican Darrell Issa, has been trying for months to get Edolphus Towns, D-N.Y., chairman of the House Oversight and Government Reform Committee to subpoena Bank of America for Countrywide's records (BOA bought Countrywide). Issa wants to know the details of the two...
  • Obama's emergency escape plan leaked online

    07/30/2009 5:09:51 AM PDT · by Schnucki · 23 replies · 960+ views (Australia) ^ | July 30, 2009 | Staff writers
    * Obama evacuation plan leaked online * Lawmaker slams file-sharing software * More: Technology news and reviews SENSITIVE documents including plans for the emergency evacuation of US President Barack Obama and motorcade routes have been leaked on a file-sharing network, authorities say. Chairman of the US House Oversight and Government Reform Committee Edolphus Towns said the documents had been discovered with file-sharing program LimeWire. Other sensitive documents found with the peer-to-peer program included FBI files, medical records and social security numbers. Mr Town used evidence of the leaks to argue for the regulation of file-sharing programs. "As far as I...
  • Details on Presidential Motorcades, Safe House for First Family, Leak via PeerToPeer Networking

    07/29/2009 7:16:35 PM PDT · by jonatron · 131 replies · 7,355+ views
    ComputerWorld ^ | 7/29/09 | By Jaikumar Vijayan
    Details about a U.S. Secret Service safe house for the First Family -- to be used in a national emergency -- were found to have leaked out on a LimeWire file-sharing network recently, members of the House Oversight and Government Reform Committee were told this morning.Also unearthed on LimeWire networks in recent days were presidential motorcade routes and a sensitive but unclassified document listing details on every nuclear facility in the country, Robert Boback, CEO of Tiversa Inc. told committee members. The disclosures prompted the chairman of the committee, Rep. Edolphus Towns, (D-N.Y.), to call for a ban on the...

    09/17/2002 8:49:08 AM PDT · by Grampa Dave · 98 replies · 982+ views
    New York Post ^ | 17 September 2002 | Sam Dealey
    <p>September 17, 2002 -- NEW Jersey voters already concerned about Sen. Robert Torricelli's low ethical threshold now learn that he's been a paid shill for a group the government identifies as a terrorist organization. Called on this by his Republican opponent, Douglas Forrester, in a debate Thursday, Torricelli said the group had been pulled from the State Department's global terror list and given a clean bill of health. Not true.</p>
  • The congressmen who want U.N. observers in U.S. vote

    07/06/2004 11:50:09 PM PDT · by JohnHuang2 · 31 replies · 1,535+ views ^ | Wednesday, July 7, 2004
    WASHINGTON – The United Nations has turned down a controversial request by nine members of the U.S. Congress to assign international observers to the U.S. presidential election in November. The request came in the form of a letter drafted by Rep. Eddie Bernice Johnson, D-Texas, and signed by eight other members of the House. "We are deeply concerned that the right of U.S. citizens to vote in free and fair elections is again in jeopardy," the lawmakers wrote to U.N. Secretary-General Kofi Annan. Besides Johnson, the other representatives signing the letter to Annan – all Democrats – were Julia Carson...
  • Democrat Tries to Boot TV Cameraman From House Hearing (Waxman Fun Time!)

    04/19/2002 5:28:30 PM PDT · by Timesink · 66 replies · 369+ views ^ | April 19, 2002 | Jeff Johnson
    Democrat Tries to Boot TV Cameraman From House Hearing By Jeff Johnson Congressional Bureau Chief April 19, 2002Capitol Hill ( - California Democratic Congresssman Henry Waxman tried unsuccessfully Thursday to have an accredited TV news photographer thrown out of a House subcommittee hearing. The hearing focused on whether to limit liability lawsuits against gun makers and Waxman, who favors gun control, insisted the cameraman was videotaping on behalf of the National Rifle Association. The House Subcommittee on Commerce, Trade, and Consumer Protection was hearing testimony on the Protection of Lawful Commerce in Arms Act (H.R. 2037), a bill designed...