Two Republican congressmen are calling for a probe into alleged sweetheart deals by a controversial mortgage lender, after ties by a former Barack Obama aide to Countrywide Financial Corp. sparked questions about other arrangements with some members of Congress.
Reps. Darrell Issa of California and Mark Souder of Indiana called for the investigation in a letter to Rep. Henry Waxman, chairman of the House Oversight and Government Reform Committee. They said a probe is needed to make sure ï¿½??taintedï¿½?? officials recuse themselves from weighing in on legislation favorable to mortgage lenders.
The letter came after two senators, Chris Dodd, D-Conn., and Kent Conrad, D-N.D., were singled out as benefiting from low-rate loans from Countrywide. The lender has been criticized by Obama and others for contributing to the sub-prime mortgage meltdown. The company attracted new scrutiny nearly two weeks ago when it was reported that Jim Johnson, an adviser vetting Barack Obamaï¿½??s running mates, appeared to receive special treatment from Countrywide… [/i]
Why isn’t this huge news? Dodd is the one that is supposed to be investigating Countrywide and he has a sweetheart deal with them.
This is a real scandal and if true Dod should be out on his ass. Unfortunately the media will ignore it.
I can’t wait to see 100millimeters spin.