When Chairman Darrell Issa’s House Committee on Oversight and Government Reform was finally able to wade through some 120,000 pages of documents pertaining to Countrywide Mortgage’s special VIP loan program, it came up with some surprising results: the former chairman of that same committee, Representative Edolphus Towns, (D-N.Y.) was on the list of those receiving special treatment. That may have explained why the committee had so much trouble in obtaining those documents in the first place: Towns stalled in issuing the initial subpoena.
In the report, Issa noted that the subpoena was issued only “after several months of resistance” from Towns, adding in a statement to the Associated Press on August 22 that “it was a long fight to expose how Countrywide used its VIP program to advance its business and policy goals.”
Investigative journalist Larry Margasak, who has been following the investigation from the beginning, explained that Towns not only had little interest in exposing his own “hand in the till,” he also wanted to keep his own committee from
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