Another sign (as if we needed more) that corporations around the country (and the globe for that matter) have taken their prodigious skills at paying for influence to all new levels. This is obvious now in the Health care fight. But we should remember that the economic crisis, triggered by risky and bad mortgage and stock market practices remains unresolved. They got us here and so far they are not doing much to get us out...
FROM POLITICO Republicans and Democrats on the House Oversight and Government Reform Committee agreed Friday night on language for a wide-reaching subpoena of Countrywide (now Bank of America) Financial’s VIP lending program as part of an investigation into allegations of influence peddling by the company at all levels of government, committee aides said.
The subpoena, which was sent out Friday night, will ask the lender to fork over documents relating to its “Friends of Angelo” program – named for CEO Angelo Mozilo, who allegedly offered favorable mortgage rates to persons of influence.
Republicans and Democrats agreed to request documents relating to a wide range of government employees – including members of the executive branch, House members and staffers, officers of Fannie Mae and Freddie Mac and employees of state and local governments. Senators will not be included in the House’s investigation.
Really? The Friends of Angelo program-- wow you can't make shit like this up. I am an aspiring fiction writer- trying to do a detective-type deal and I swear making up things like this is hard and when you do you think...Yeah, but no one will believe that! truth really is stranger, more corrupt and far more frustrating than fiction. And Senator's will not be included??? why the hell not!? God these people make me want to throw things.
