Posted on 08/07/2009 4:02:05 AM PDT by Drango
(Reuters) – A leading Democrat in the House of Representatives who has rebuffed Republican efforts to subpoena records of a mortgage program for favored borrowers at Countrywide Financial Corp got home loans from that lender, the Wall Street Journal reported on Friday.
Representative Edolphus Towns, chairman of the House Oversight and Government Reform Committee, obtained two loans from Countrywide, which was bought last year by Bank of America, the newspaper said, citing information from the lawmaker's mortgage documents.
Towns has turned down calls from the committee's ranking Republican, Darrell Issa, for the panel to subpoena mortgage records showing who received loans through Countrywide's VIP program, the journal said.
~snip
In February, Senate Banking Committee Chairman Chris Dodd, a Democrat, said he would refinance two mortgages that he took out in 2003 under Countrywide's VIP program. (Reporting by Santosh Nadgir in Bangalore, editing by Vicki Allen)
(Excerpt) Read more at news.yahoo.com ...
Better if it is law. That way you keep em out for life!!!!
It’s not a rant. It’s a complaint. Re-read my original post. This type of behavior in a private sector leads to additional investigations. If a crime has been committed, “obstruction” is another charge levied.
They are getting away with “special favors” that amount to graft in the private sector. That is what needs to change.
Seriously, weren’t you a bit surprised that Jefferson was actually found guilty? I was. But why should we be?
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