Showing posts with label derrell issa. Show all posts
Showing posts with label derrell issa. Show all posts

Tuesday, March 24, 2009

Countrywide memos detail VIP loans to Democrats

Now we can see the juicy details of the Countrywide sweetheart loans to various Democratic politicians... Rep. Darrell Issa (R-CA) releases a report titled "Countrywide's Systematic and Successful Effort to Buy Influence and Block Reform" which contains emails and memos about these mortgage deals.

Here's an excerpt from the Washington Times:
Countrywide's CEO Angelo Mozilo granted sweetheart mortgages to a number of influential lawmakers including Connecticut Democrat Chris Dodd, who is chairman of the Senate Banking Committee, and Democratic Senator Kent Conrad of North Dakota. E-mails obtained by government investigators show Countrywide employees often discussed the political influence wielded by "Friends of Angelo" as grounds for granting the discounts.
Seriously, some of these Democrats need to just resign and pick a different career! They're already cozy with the banks and mortgage companies, why not find a job there?

Wednesday, March 18, 2009

More calls for Geithner's resignation

First, it was Rep. Connie Mack (R-FL). Now Rep. Derrell Issa (R-CA) also calling for the Treasury Secretary's resignation:
“As one of the chief architects of the AIG bailout, Secretary Geithner was in a position to do what any lender of the last resort would do – negotiate concessions from AIG. Secretary Geithner either didn’t know about the bonuses, and was grossly negligent, or he did know and failed to bring this to the President’s attention. Either way, the end result has been a significant waste of taxpayer dollars and he should take immediate responsibility and resign.”
I have the feeling that there will be more...