Wednesday, October 21, 2009

What do the Democrats have to Hide?

The Hill Reports

Rep. Edolphus Towns (D-N.Y.) locked Republicans out of the House Oversight and Government Reform Committee room to keep them from meeting when Democrats aren’t present.

Towns’ action came after repeated public ridicule from the leading Republican on the committee, Rep. Darrell Issa (R-Calif.), over Towns’s failure to launch an investigation into Countrywide Mortgage’s reported sweetheart deals to VIPs

“The origins of the financial crisis lie in the collapse of the housing market – a collapse that was spurred on by reckless and irresponsible lending policies at companies such as Fannie Mae and Countrywide,” said Rep. Issa. “The benefits and strategy behind the Countrywide VIP program were reminiscent of the benefits Jack Abramoff bestowed on individuals with political influence. This Committee, on a bipartisan basis, conducted a targeted investigation into the Jack Abramoff scandal. It needs to investigate Countrywide’s efforts to buy influence.”Added Issa, “Democrats may have skated out of today’s vote, but they can rest assured that Republicans will again demand a vote to hold Countrywide accountable.”

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