Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: DMaA who wrote (254977)	6/19/2008 8:27:47 AM
From: longnshort	Respond to of 793900

Yeah Waxman will do something about it,lolol right. On Wednesday, two Republican congressmen also asked the chairman of the House Oversight and Government Reform Committee to investigate the Countrywide loans. The request came in a letter to Rep. Henry A. Waxman, California Democrat, signed by Reps. Darrell Issa of California and Mark Souder of Indiana. They said an inquiry was needed to make sure "tainted" officials recuse themselves from weighing in on legislation favorable to mortgage lenders. "With an allegation that the chairman of the Senate committee managing legislation to bailout the mortgage industry may have received an improper benefit, Congress´ investigative committee needs to ask questions about this alleged 'VIP' program - including the question of who else may have benefited," Mr. Issa said. Former House Republican Leader Dick Armey, working with a Conservative Washington-based government watchdog agency FreedomWorks, also called on Mr. Dodd to resign his chairmanship. The group sent an intern in a panda suit to Capitol Hill on Wednesday to symbolize what it called the "panda-monium" caused by the Countrywide controversy. The intern carried an oversized check for $75,000 made out to Mr. Dodd from Countrywide. The fallout also prompted nine Republican senators to send a letter Wednesday to Senate Majority Leader Harry Reid asking him to delay voting on a housing bill they say could provide up to $2.5 billion in benefits to Countrywide. Meanwhile, financial disclosure reports show that other members of Congress have reported mortgages through Countrywide in recent years. Rep. Jim McGovern, Massachusetts Democrat, for example, reported a mortgage worth at least a quarter million dollars on a home he purchased on Capitol Hill. "The congressman was never part of any Friends of Angelo program or VIP program and has never met Angelo Mozilo," said spokesman Michael Mershan. He said Mr. McGovern applied to Countrywide because the company owned a foreclosed property he was interested in buying in the District.

To: DMaA who wrote (254977)	6/19/2008 9:02:00 AM
From: Geoff Altman	Respond to of 793900

For the record, those named in media reports as "Friends of Angelo" -- Countrywide Chairman Angelo Mozilo -- are Democratic insider James Johnson, formerly an advisor to the Obama campaign; Democratic Sens. Chris Dodd of Connecticut and Kent Conrad of North Dakota (pictured); former Health and Human Services Secretary Donna Shalala; former U.N. Ambassador Richard Holbrooke; and former Secretary of Housing and Urban Development Alphonso Jackson. If you are keeping track, five of the six are Democrats. latimesblogs.latimes.com Doesn't say he was a Republican but it does say one is not a Democrat.....