Friday, September 21, 2012
House members' VIP loans kept out of subpoena - CBS News
In our highly partisan world, we often don't acknowledge that all sides are corrupt to some degree.
In the political world, elected officials may be outwardly contentious; however, behind the scenes, they take care of each other...
In the political world, elected officials may be outwardly contentious; however, behind the scenes, they take care of each other...
This article was posted at CBSnews.com and didn't get much additional play in our American media:
"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."
