Free Republic

Countrywide’s VIP program is the first subpoena target for House Oversight and Government Reform Committee Chairman Darrell Issa (R-Calif.), said a committee aide. The “Friends of Angelo” program, named for former Countrywide CEO Angelo Mozilo, has been under committee investigation since 2008 for allegedly granting generous mortgage deals to influential government officials, lawmakers and employees at Fannie Mae. “Countrywide orchestrated a deliberate and calculated effort to use relationships with people in high places in order to manipulate public policy and further their bottom line to the detriment of the American taxpayers even at the expense of its own lending standards,”...

U.S. Rep. William Delahunt blew nearly $560,000 in campaign cash last year - much of it on lavish meals and a family-friendly payroll that includes his ex-wife, son-in-law and daughter - stoking speculation the Quincy Democrat is emptying his war chest and won’t seek re-election. -snip- Delahunt told the Herald last week that he was still weighing whether to seek re-election, but Democratic Party sources have privately indicated his departure is anticipated - and expected to draw a host of candidates-in-waiting out of the woodwork.