It seems executives at troubled bank Countrywide recorded their phone calls with borrowers in their “VIP program,” and lucky for folks like Sen. Chris Dodd (D., Conn.), those recordings were destroyed. It will probably not surprise you that Rep. Darrell Issa of California, the ranking Republican on the House Oversight and Government Reform Committee, wants to subpoena the remaining records of Countrywide’s VIP loan program, and that the committee’s chairman, New York Democrat Rep. Edolphus Towns, is not interested in that option.
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About the Author
Jim Geraghty is the senior political correspondent of National Review.
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