Congress has lost its mind...

[classicman]

Originally Posted by Redux

It was pure political theater on the Republican side...so they can go before the friendly media and announce that the Democrats blocked subpoenas of that big bad lending institution.

Since when has the media been friendly to the R's anyway???

Originally Posted by classicman

Since when has the media been friendly to the R's anyway???

Ever heard of Fox News...where these guys line up to get on the air to spread misinformation?


From several weeks ago:

Rep. Darrell Issa (R-Calif.) angrily took Rep. Edolphus Towns (D-N.Y.) to task today for failing to launch an investigation in the Countrywide Financial Corp.’s VIP program and questionable lending practices....


Towns responded by reiterating his belief that the Department of Justice (DOJ) has launched an investigation into Countrywide’s activities, a reason he previously gave Issa and reporters for failing to launch a committee probe. Towns said the committee did not want to impede the Justice probe in any way so would not pursue its own investigation.

“The Justice Department, I understand, is seriously looking into it,” Towns said during the hearing.

There is no way to know how extensive or limited the DOJ investigation is, or whether it exists because the DOJ does not usually acknowledge investigations until it issues indictments or formal charges. Issa pointed out the fact that Bank of America and Countrywide executives have acknowledged that they have not received any subpoenas for information, but would provide answers to specific questions about the VIP program and other matters, if subpoenaed.

http://thehill.com/blogs/blog-briefi...ng-countrywide

Let the DoJ do its job. There is a time and place for Congressional oversight and it is not while a criminal investigation may be pending or in process.

It makes you wonder if the Republicans are more interested in embarrasing the Democrats than bringing top Countrywide officials to justice (assuming the company and/or its officials acted illegally).

I would love to have seen Bernie Madoff subpoenaed by a Congressional Committee and compelled to testify under oath on c-span for the entire country to view....but both parties saw the downside of that and justice prevailed w/o political interference.

[dar512]

Originally Posted by classicman

Since when has the media been friendly to the R's anyway???

How long has Fox been in business?