Surprise: Democrats Refusing To Issue Subpoenas In Countrywide “VIP Loan” Scandal

We know that Senators Kent Conrad and Chris Dodd got sweetheart loans from Countrywide, but Democrats aren’t willing to risk that more Democrats might be tangled up in the scandal by subpoenaing additional records.
Republicans, to their credit, are willing to risk it though.

WASHINGTON — House Democrats have declined to subpoena available records that might reveal whether other members of Congress got discounted VIP mortgages from subprime lender Countrywide Financial Corp. similar to the sweetheart deals given Democratic Sens. Chris Dodd and Kent Conrad.
Republicans say they are willing to risk that the records now held by Bank of America may show that GOP lawmakers were also “friends of Angelo” who got preferential terms on personal mortgages at the behest of then-Countrywide CEO Angelo Mozilo.

This has implications for the Senators already caught up in this scandal. Senator Kent Conrad, for instance, has made a lot of noise about wanting to be above-board in this matter. He’s said that he looks forward to testifying before Congressional ethics investigators. So I’m sure that Senator Conrad will be on the record soon demanding that his fellow Democrats issue these additional subpoenas and get to the root of this scandal, right?
We’re waiting, Senator Conrad.

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  • http://SayAnythingBlog.com The_Whistler_ofnd

    The cover-up is often worse than the original crime.

  • docdave

    The dems, just a bunch of crooks trying to cover for each other. Maybe there is ‘honor’ among some thieves.

  • sayanything-4625

    Coming soon to a location near you!

  • http://www.dartemis.net/blog/ sayanything-42

    So by “Draining the Swamp” Pelosi really meant “Contributing to the Culture of Corruption.”

  • KayB

    Come now, they’re democrats so it doesn’t count. You have to be a republican in a case like this…

  • sayanything-4625

    Sure I got it off the net so I don’t think I could stop you. If you’ll PM me and email address I’ll e-mail it to you.

  • http://www.dartemis.net/blog/ sayanything-42

    Spartacus,

    Indeed!

  • Spartacus

    most. ethical. congress. in. history.

  • http://SayAnythingBlog.com The_Whistler_ofnd

    Conrads told at least three different stories and has not tetified under oath.

  • billy

    Usually House members stay out of Senate ethics problems and vice versa, so I doubt this goes very far. But I give the House GOP credit for raising a fuss. There were a lot of people who got favored treatment, not just Conrad and Dodd, so more info, the better.

  • http://SayAnythingBlog.com The_Whistler_ofnd

    Conrad admitted he knew he was getting special treatment saying he thought it was like frequent flyer miles.

    And I’m sure you have the head of Fannie Mae arrange a conversation with the Head of Countrywide Mortgage without expecting preferential treatment.

    And I’m sure the ten thousand dollars in Kent’s pocket had nothing to do with him waiving Senate rules to benefit the mortgage industry.

    /sarcasm

    You liberals make me laugh.

  • Ratbite

    It’ll be a sweltering day in January when Delawarian Kent Conrad calls for supoenas to be issued cuz they may result in tapes or video that would hang him. Heck the Democrats will never turn on their own like the Republicans do but then when you have no standards or morals nothing matters!! They’ll just let it die & the Main Stream Media will quietly let it die,

  • http://www.nitecore.co.uk/ Nitecore

    The recent expenses scandal in the UK only surfaced because a newspaper got hold of the report.

    There is now way they will let this leak if they can help it.

  • bill-tb

    Why would crooks want to subpoena crooks?

    Besides, who is going to report on it.

    More time to spend on sub-prime healthcare.

  • RJ Richards

    If this rube would just admit it then people might move on. Little Harry will “slap his wrist” and its over. But nope, be a true Senator and lie and lie again.

  • 2Hotel9

    Of course they aren’t! They are Democrats, they are allowed to break any laws they want.

  • Neiman

    Of course they aren’t! They are Democrats, they are allowed to break any laws they want.

    Exactly, the ruling liberal elite are above all Law, they are outside the health care system they are forcing upon all other Americans, they have placed themselves in a special protected class and there is NOTHING we can do about it, because they have enough people deceived that the people will not rise up against them until it is too late!

  • http://ndgoon.blogspot.com/ goon

    This is not right.

  • lastofthepatriots

    Coming soon to a location near you!

    Already here!

  • http://www.dartemis.net/blog/ sayanything-42

    Greg,

    Can I use that image?

  • Hoss

    The democrat culture of corruption continues to flourish. Nancy didn’t drain the swamp, she restocked it with bigger crooks.

  • GrampsWithCramps

    Election Day 2012 – the next time Conrad is up for election – is 1196 days (or 3 years, 3 months and 8 days) from today. Do you REALLY think the voters of North Dakota will still remember this story over a thousand days from now? Not a chance.

    Conrad will throw everything he had into bringing back every penny of pork that he can between now and 2012. Add to that the sacrificial lamb the state Republicans will most likely nominate, and Conrad will win with his typical 60%+ of the vote.

  • Farm4$

    Do you REALLY think the voters of North Dakota will still remember this story over a thousand days from now? Not a chance.
    Conrad will throw everything he had into bringing back every penny of pork

    Add to that the backing of the Farmers Union (cenex) the REA and the RTA …. as i posted earlier, FU supports the ‘cap & trade’ and socialized Med. .. and as i said then, cenex will play hell to get me to buy gas from them. I went to my local FU coop this afternoon and told the manager that the $200,000.00 of business I gave them last year will be going down the road.

  • jimmypop

    Do you REALLY think the voters of North Dakota will still remember this story over a thousand days from now? Not a chance.
    Conrad will throw everything he had into bringing back every penny of pork

    yes. and 55% of them could care less if he raped a child. hes got seniority!

  • djer

    Did anyone notice what Feinberg told the Delaware newspaper and then told a different story to Issa committee, who incidentally never asked Conrad to come and testify.

    Feinberg told the Wilmington newspaper that “he was not allowed to tell Conrad or other VIP customers that discount points were being waived,” and that “(Conrad) didn’t have to ask for anything specifically; it was given to him.”

    then he tells a different story to Issa staff in a deposition. Was he lying then or is he lying now?

    You want to believe him Rob, because you hate Conrad, so anything anyone says about him that fits your frame of thought on Conrad will be the truth.

    I get it!

  • djer

    yes, he did, I get frequent flyer miles as well, that doesn’t mean that his qualifications for frequent flyer miles are different than my qualifications for frequent flyer miles.

    If there were special frequent flyer miles for senators and he knew there were frequent flyer miles just for senators then that’s a different story. And that’s where the rub is I would guess here.

    You all think that he knew that he got special frequent flyer miles that just senators gets and he says he got frequent flyer miles that every one else get.

    And the loan office is telling two different stories. And Conrad has told just one.

  • 2Hotel9

    Conrad has told three different stories on this, AND invoked Senatorial Privilege to refuse to discuss it in the beginning.

    But go for it djerk, tell some more lies for your Party, the Democrat Party, the Party of thieves and liars. No wonder you love it so.

  • http://ndgoon.blogspot.com/ goon

    Conrad has told three different stories on this, AND invoked Senatorial Privilege to refuse to discuss it in the beginning.

    But go for it djerk, tell some more lies for your Party, the Democrat Party, the Party of thieves and liars. No wonder you love it so.

    Time for him to come clean.

  • sayanything-6955

    This has implications for the Senators already caught up in this scandal. Senator Kent Conrad, for instance, has made a lot of noise about wanting to be above-board in this matter. He’s said that he looks forward to testifying before Congressional ethics investigators. So I’m sure that Senator Conrad will be on the record soon demanding that his fellow Democrats issue these additional subpoenas and get to the root of this scandal, right?

    This is why I dont think this is going away anytime soon, He wants his name clean? show us the way senator.

  • sayanything-6955

    The cover-up is often worse than the original crime.

    Bingo! There are some in ND not nearly as dumb as our senator thinks we are.

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