“No Man’s life liberty or property is safe while the legislature is in session”.

- attributed to NY State Judge Gideon Tucker



Tuesday, October 27, 2009

Edolphus "Ed" Towns' Hand Is Forced On Countrywide Investigation

Last week I wrote this post concerning Edolphus "Ed" Towns (D-NY) shameful squelching of his committee's members' push to investigate the so-called "Friends of Angelo" VIP mortgage progam.

Yesterday's Wall Street Journal reported that Democratic Representatives Mike Quigley, of Illinois, and Paul Hodes, of New Hampshire, broke party ranks and joined California Republican Darrell Issa to force Towns to issue the relevant subpoenas to Bank of America for the Countrywide records.

Covering any federal and state officials, plus those at Freddie Mac and Fannie Mae, the subpoenaed records should finally cast light on the truth of denials by Democratic Senators Kent Conrad and Chris Dodd that they never knew they received special treatment.

Of course, Towns' foot-dragging might save Dodd, who is in the fight of his life to retain his Senate seat.

But, having heard and seen both Dodd's and Conrad's sanctimonious denials, it's going to be fascinating to see what evidence emerges from the Countrywide files, phone and email records.

Oh, and let's not forget Ed Towns, either. Remember, he, too, denied receiving any special treatment on his Countrywide mortgages.

I suppose it's way too much to hope that Quigley's and Hodes' votes presage a wholesale return to Congressional members voting and acting for the public good. But maybe it's a small start.

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