Democrat tried to shield loans from probe

Larry Margasak, AP via the Charlotte Observer A Democratic committee chairman overrode his own subpoena three years ago in an investigation of former subprime mortgage lender Countrywide Financial Corp. – excluding records showing that he, other House members and congressional aides got VIP discounted loans from the company, documents show. The procedure to keep the […]

Too Little Too Late: Issa Goes After Countrywide VIP Loans

John Bresnahan, Politico According to Issa’s report, preferential treatment given to Conrad by Countrywide on two loans — a vacation home in Delaware and a small apartment building in North Dakota — saved the Democrat more than $20,000 beginning in 2002. Conrad, however, was cleared by the Senate Ethics Committee of any wrongdoing in his […]

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