Democrats STONEWALL Investigation of Countrywide Financial Influence Peddling

Brietbart/The Lid ^ | 7/31/09 | The Lid

[Shellybenoit]

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.

This revelation came from Robert Feinberg, the official who handled their loans in testimony to congress. According to the Washington Post:Dodd got two Countrywide mortgages in 2003, refinancing his home in Connecticut and another residence in Washington. Conrad's two Countrywide mortgages in 2004 were for a beach house in Delaware and an eight-unit apartment building in Bismarck in his home state of North Dakota.

Robert Feinberg, who worked in Countrywide's VIP section, told congressional investigators last month that the two senators were made aware that "who you know is basically how you're coming in here."

"You don't say 'no' to the VIP," Feinberg told Republican investigators for the House Oversight and Government Reform Committee, according to a transcript obtained by The Associated Press.

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 loans above, but also to find out who else in congress got the VIP treatment. So far Towns has resisted preferring to stonewall any investigation:

[highlander_UW]

The culture of corruption is so widespread and so endemic it seems we will never know the depths of it. And until the press becomes free and once again takes up their role, and until the citizens of the nation wake up from watching American Idol or whatever other mind wasting drug they utilize and take responsibility for their government we will no longer have a government of the people, by the people and for the people.

[norraad]

Down south in the old days the saying was, "And they wonder why they get shot."

To explain to the modern mushbrain, it's an expression of frustration towards the idea that they think we don't know they're stealing left and right with every breath they take and in general doing us more harm than good and we'd a far sight better off if they contracted high speed lead poisoning.

[alloysteel]

I.
Hope.
Nobody.
Is.
Suggesting.
A.
Corrective.
Strategy.

[Eric in the Ozarks]

Edolphus was in favor of holding hearings on the racial incident in Cambridge, however.