Posted on 08/06/2009 8:56:41 PM PDT by 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..... 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 and now we may know why.
The Wall Street Journal is reporting that Congressman Towns has two mortgages from Countrywide:
(Excerpt) Read more at yidwithlid.blogspot.com ...
Imagine that! Congress reeks with corruption.
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