According to yesterday's Wall Street Journal, the House Oversight Committee was scheduled to meet Thursday afternoon to mark up several minor pieces of legislation. According to the article:
"California Republican Darrell Issa notified committee Chairman Edolphus Towns that Mr. Issa would call for a vote to subpoena Countrywide documents from Bank of America, which bought the failed subprime lender last year."
When Mr. Issa and the GOP members of the committee sat waiting for the meeting to begin, Democrats huddled in a back room without explanation. Thirty-five minutes later, the committee announced that the meeting had been postponed indefinitely. The article further reminds us:
"Recall that, under the "Friends of Angelo" program, named for former Countrywide CEO Angelo Mozilo, Democratic Senators Chris Dodd and Kent Conrad received sweetheart deals on home mortgages. Mr. Issa wants to uncover the full story on Countrywide's effort to influence Washington policy makers."
Does anyone want to make any guesses as to when this committee will meet again and if they will find a way to avoid the subpoenas.
Leave a comment