http://www.market-ticker.org/archives/1540-BOOM!-Friends-Of-Angelo.html
http://www.latimes.com/business/la-fi-countrywide24-2009oct24,0,2948069.story
The question of whether to investigate the VIP program has caused partisan tensions to flare on the committee, culminating this week when Republicans said Democrats locked them out of the panel’s hearing room. Towns on Friday denied that Republicans were ever “denied access” to the room.
The panel’s top Republican, Rep. Darrell Issa (R-Vista), who has been leading the push for an investigation of Countrywide’s program, said the lender “orchestrated a deliberate and calculated effort to buy powerful friends for the purpose of using these relationships to manipulate public policy and further their bottom line.”
Towns said he wanted to determine whether the VIP program “provided special benefits to government officials.” Any documents showing special treatment to members of Congress would go to the House Ethics Committee, he said.
Sens. Christopher J. Dodd (D-Conn.) and Kent Conrad (D-N.D.) said they received loans through the program but thought it simply offered special customer service (Yaaaaahhhhhh Right). The Senate Ethics Committee in August cleared the two of breaking ethics rules.Posted: October 24th, 2009 under Stock Market / Economy.
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