House members' VIP loans excluded from subpoena

[yortsed snacilbuper]

WASHINGTON (AP) -- A Democratic committee chairman overrode his own subpoena three years ago in an investigation of former subprime mortgage lender Countrywide to exclude records showing that he, other House members and congressional aides got VIP discounted loans from the company, documents show.

The procedure to keep the names secret was devised by Rep. Edolphus Towns, D-N.Y. In 2003, the 15-term congressman had two loans processed by Countrywide's VIP section, which was established to give discounts to favored borrowers.

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[rfranklin]

1. And your point is? It was a bipartisan lack of ethics...

According to the report, the members of Congress who were granted access to a V.I.P. loan program from 1996 to 2008 were Senators Dodd and Conrad, and from the House, Edolphus Towns, Democrat of New York; Howard McKeon, Republican of California; Pete Sessions, Republican of Texas; Elton Gallegly, Republican of California; and Tom Campbell, a former California Republican

http://thecaucus.blogs.nytimes.com/2012/07/05/members-of-congress-received-preferential-treatment-on-loans-from-countrywide/

[yortsed snacilbuper]

2. "And your point is? It was a bipartisan lack of ethics..."

That dosen't give a Democrat a free pass, they actually should be held to a higher standard. I'm sorry if it offended you!

[rfranklin]

3. The Republican style apology...

No, actually everyone should be held to the same standard.