Submitted by NLPC Staff on Wed, 12/21/2011 - 12:00
It appears that four current members of the United States House of Representatives received loans via the VIP program of Countrywide Financial Corporation. Once again the motives of the former giant mortgage institution have been brought into question. Where they trying to peddle influence with these loans?
The Senate ethics committee cleared Sens. Chris Dodd and Kent Conrad of breaking rules by getting mortgages through a VIP program, even as it scolded them Friday for not being more careful to avoid the appearance of sweetheart deals.
Apparently, the Committee was so proud of its work that it released its decision on a Friday afternoon in August. This will do nothing to undermine the reputation of both the House and Senate Ethics Committees as laughingstocks.