8/07/2009

The reason why Democrats have refused to find out what other politicians that Countrywide Financial gave money to?

One would think that the stonewalling on the investigation already looked bad enough. Boy, with the news that a powerful committee chairman who also apparently got one of these favorable loans was blocking the investigation should produce a firestorm from the media. From the WSJ:

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, has been pushing to have the committee subpoena mortgage records showing who received loans through Countrywide's VIP program -- operated under former Chief Executive Angelo Mozilo and known within the company as "Friends of Angelo." . . .

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2 Comments:

Blogger Martin G. Schalz said...

Never bite the hand that feeds you...

8/07/2009 12:54 PM  
Blogger Harry Schell said...

I do so love Transparent Democrats, and their media enablers.

It took 4 years to finally get Cold Cash Jefferson. FOM's will never be unearthed.

Most ethical Congress evah!

This may be part of the reason the healthcare town hall meetings are getting raucus, in addition to the dismissive comments from ranking Democrats trying to minimize any legitimacy of dissent.

Clearly, a "robust debate" of any action by Democrat leadership is not desired. No wonder Obama felt comfortable standing with Cuba, Venezuela and Nicaragua on the UN resolution about Honduras.

I wonder what Obama would like to see here in 2012? FDR did like the Italian Fascists and how they got things done.

8/07/2009 2:26 PM  

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