ah, congress

[dellinger63]

Originally Posted by Danzig

http://hosted2.ap.org/APDEFAULT/3d28...45940b9a820313


the above was on the AP page this morning, on countrywide, their vip loans, and how members of congress were oh so helpful regarding disclosure.

WASHINGTON (AP) — A Democratic committee chairman overrode his own subpoena three years ago in an investigation of former subprime mortgage lender Countrywide Financial Corp. 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.

The effort at secrecy was reversed when Towns' Republican successor as chairman of the House Oversight and Government Reform Committee, California Rep. Darrell Issa, issued a second subpoena. It yielded Countrywide records identifying four current House members, a former member and five staff aides whose loans went through the VIP unit. Towns was on the list.


and near the bottom:

Towns' own loan files were not provided under his own subpoena because he listed U.S. Capital (sic) as his employer.

I'm sure Rep. Edolphus Towns is under double or maybe even triple secret probation as we speak. And his announced retirement is coincidental

from wiki In 1992, Towns was named in the House banking scandal, having written 408 checks on an overdrawn bank account.