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Thursday, February 17, 2011

Issa's First Subpoena Issued

As new chairman of the House Oversight and Government Reform Committee, Darrell Issa (R-CA) has a virtual buffet of things to choose from but it looks like the first official thing on his plate is a subpoena for documents relating to the Countrywide scandal made infamous in large part by former Connecticut Senator Chris Dodd (CT). Assuming Issa gets the documents he's subpoenaed - based on the success of Rep. Lamar Smith (R-TX) in getting documents he ordered from the Dept. of Justice, they won't just be handed over - there will be a lot of slugs under the rock.

Via Daily Caller:
Top GOP oversight official Darrell Issa is issuing his first subpoena as chairman of the House Oversight and Government Reform Committee to demand documents related to a “VIP” program that gave key lawmakers special deals on mortgages.

The subpoena will reveal for the first time the scope of the company’s VIP program and could ensnare scores of lawmakers, congressional staffers, officials and lobbyists. Sen. Kent Conrad and former-Sen. Chris Dodd received special deals, as did dozens of top Fannie Mae executives.

An Issa report on the sweetheart deals says, “legislators, congressional staffers, lobbyists and other opinion leaders…business partners, local politicians, home builders, entertainers and law enforcement officials” were part of the program. Until now, the public has learned the names of only a few.
If Issa is able to sink his teeth into this scandal, perhaps we will be able to publicly identify all of the players that had a role in the mortgage crisis that contributed mightily to wrecking out economy.

Read it all.

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