Rep. Darrell Issa

Discussion in 'Congress' started by Mr.Fitnah, Feb 17, 2011.

  1. Mr.Fitnah
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    Mr.Fitnah Dreamcrusher

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    "Countrywide orchestrated a deliberate and calculated effort to use relationships with people in high places in order to manipulate public policy and further their bottom line to the detriment of the American taxpayers even at the expense of its own lending standards," said Issa.

    "This subpoena will allow us to obtain the information needed to answer the outstanding public interest questions regarding the full size and scope of the VIP program," he said. "The American people have a right to know the totality of who participated in the Countrywide's VIP program and what they did in return for access to it."

    New subpoena seeks records on sweetheart loans

    Government employees and influential private citizens received better deals than most of the company's borrowers. Those perceived as having the most influence were designated "Friends of Angelo" - those favored by Countrywide chief executive Angelo Mozilo.

    The Securities and Exchange Commission last October settled a lawsuit against Mozilo. He agreed to pay a $22.5 million penalty to settle charges that he and two other former Countrywide executives misled investors as the subprime mortgage crisis emerged.

    Among those who received discounted Countrywide mortgages were former Sen. Christopher Dodd, D-Conn., and Sen. Kent Conrad, D-N.D. Both senators have said they didn't know they were getting unique deals.
     
  2. editec
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    editec Mr. Forgot-it-All

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    Que surprise.

    A corrupt corporation bribes corrupt officials to look the other way.

    When it all blows up in fical disaster the taxpayers pay the frieght.

    This is how our society now works.

    We call it business as usual.

    Thanks for pointing it out to us, though, Mr. F.

    MAYBE THIS WILL HELP SOME OF US UNDERSTAND THAT THE PROBLEM ISN'T GOVERNMENT OR CAPITALISM, IT'S REALLY JUST THAT WE'VE BECOME AN UNDECLARED FASCIST STATE.
     
    Last edited: Feb 17, 2011
  3. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    How good is Darrell Issa? The Liberals have already started their smear campaign against him:
    Liberals launch anti-Issa crusade - POLITICO.com Print View
    Has rdean started an anti-Issa thread yet?
     
  4. William Joyce
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    William Joyce Chemotherapy for PC

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    He's a Republican.

    Jews hate him -- they even tried to kill him.

    I gotta check this guy out!
     
  5. MaggieMae
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    MaggieMae Reality bits

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    What does Dodd and Conrad getting "sweetheart deals" on their private mortgages have to do with Mozilo's fraud and insider trading? Were they part of the wheeling and dealing? Uh, no. Issa's on his first witch hunt.
     
  6. MaggieMae
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    MaggieMae Reality bits

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    I hope he plans to subpoena Christopher Cox, who was the SEC chief at the time and who looked the other way even when SEC auditors were pounding on his desk to take a look at this mess, not just Countrywide's creation, but all of them.
     
  7. The Infidel
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    The Infidel EVIL CONSERVATIVE

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    :clap2: This lets me know Issa's on the right track.
     
  8. MaggieMae
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    MaggieMae Reality bits

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    [​IMG] Well he's got a pretty face, but not much of a stellar record as a Congressman. He's best known for leading the charge to recall Pete Wilson as governor. How he even got the oversight chairman job is my question.
     
  9. The Infidel
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    The Infidel EVIL CONSERVATIVE

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    More evidence Issa is right on track
     
  10. Dot Com
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    Dot Com Nullius in verba Supporting Member

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    Too bad the thread-starter didn't see this

    [​IMG]
     

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