October 23, 2009

Two Democrats Back Countrywide Probe

The Hill, The Hill

Send to a Friend

Two junior Democrats are urging their leaders to open an investigation into the Countrywide VIP mortgage program.

Rep. Paul Hodes (N.H.), who is in his second House term, and freshman Rep. Mike Quigley (Ill.) called on the House Oversight and Government Reform panel to initiate an investigation into Countrywide Financial's "Friends of Angelo"� VIP program and whether it was used to gain influence over federal officials.They made their case for the investigation in a letter to Rep. Edolphus Towns (D-N.Y.), the panel's chairman, and Rep. Darrell Issa (R-Calif.), the ranking member. Towns has stood firmly against opening an investigation in the face of months of pressure from Issa and Republicans. Towns, who received two mortgage...

Read Full Article ››

TAGGED: Countrywide Financial, Paul Hodes, Mike Quigley, Illinois, New Hampshire

RECOMMENDED ARTICLES

October 19, 2009
Don't Put 'Expert Panel' Between Patients, Doctor
Norbert Gleicher, WSJ
At a town-hall meeting in New Hampshire this summer, President Barack Obama explained why government "expert panels" are an essential part to overhauling the health-care system. Right now the United States spends $6,000 more per... more ››
October 20, 2009
Landscape Shift: More Trouble for House Dems
Stu Rothenberg, Roll Call
Already prepared to deal with challenging midterm turnout dynamics that favor the GOP, national Democratic strategists now find themselves looking at higher unemployment numbers, potentially divisive foreign policy decisions and... more ››
October 15, 2009
Dodd Comeback Hits Snag
Politico
Rep. Darrell Issa (R-Calif.) plans Thursday to demand a vote to subpoena the records of Countrywide Financial’s controversial Friends of Angelo mortgage program, a request that threatens to complicate Connecticut Democratic... more ››