Chris Dodd Crackdown: Darrell Issa Issues Subpoena Demanding Intimate Secrets Of All "Friends Of Angelo"

Tyler Durden's picture

Chris Dodd's political corpse may just come out of the grave for one last dance. The reason - the even more worthless half of Frankendodd is about to see all of his preferential Countrywide records exposed in the open. Darrell Issa has just announced that he has issued a wide-ranging
subpoena to Bank of America for all documents and records related to
Countrywide’s VIP program. Yes, this means all of Dodd's dirty laundry is about to be made public. Not like it matters: at this point everyone in America knows too well that the biggest criminals in the country are those in charge of it (and those regulating them, just happen to be the biggest porn-addicted idiots: see Matt Taibbi on the SEC). And it is not like Wall Street's favorite pet Dodd even has a remote chance of getting within miles of a courtroom...

From a just released statement by the Committee on Oversight and Government Reform

In December of 2008, House Committee on Oversight and Government
Reform Chairman Darrell Issa (R-CA), then the Committee’s Ranking
Member, launched an investigation into
Countrywide Financial Corporation’s infamous VIP and Friends of Angelo
Program that exposed the inner workings of Countrywide’s efforts to buy
friends in critical government and industry positions affecting the
company’s business interests. Today, Chairman Issa issued a wide-ranging
subpoena to Bank of America for all documents and records related to
Countrywide’s VIP program.

“Countrywide orchestrated a deliberate and calculated effort to use
relationships with people in high places in order to manipulate public
policy and further their bottom line to the detriment of the American
taxpayers even at the expense of its own lending standards,” said Issa.
“This subpoena will allow us to obtain the information needed to answer
the outstanding public interest questions regarding the full size and
scope of the VIP program. The American people have a right to know the
totality of who participated in the Countrywide’s VIP program and what
they did in return for access to it. Our role is to get all of the facts
so that the American people can judge for themselves who should be held
responsible and accountable.”

The subpoena compels Bank of America to produce the following by noon on March 7, 2011:

  • All documents, including emails, related to covered borrowers
    serviced by Countrywide Financial through the Branch 850 and/or VIP
    and/or Friends of Angelo program.
  • All documents, including e-mails, transmitted by Countrywide
    officials notifying a covered borrower of membership in the VIP and/or
    Friends of Angelo program.
  • All documents, including e-mails, transmitted between and among
    Countrywide officials discussing the purposes and goals of the VIP
    and/or Friends of Angelo program.
  • Documents sufficient to show the number of persons enrolled in the
    VIP and/or Friends of Angelo program for each of calendar years
    1996-2008, and the city and state of residence of such persons who were
    covered borrowers.

The term "covered borrowers" means at the time of the loan the borrower, or their spouse, was:

  • A current or former officer or employee of a federal agency
  • A current or former Member, officer, or employee of the U.S. Congress
  • A current or former officer or employee of a government-sponsored enterprise
  • A current or former officer or employee of a state or local government

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NOTW777's picture

barneyloan file, mrdoddloan file, mrshumerloan file

Josh Randall's picture

Issa couldn't even handle the Penske file -- these guys are posturing and going after those who bought the drugs instead of the CEO and Board whom sold it to them. 

Seasmoke's picture

where did Romer go ?.....i miss watching her fat neck flap back and forth when shaking her head NO , while mouthing the the word YES......what a disgusting mess she is

NOTW777's picture

shes still out on the summer of recovery program

Quantum Nucleonics's picture

Back to Berkeley, researching why fantasy-nomics didn't work in the real world.

MarketTruth's picture

The Clinton clan? Just look up Arkancide to get a real idea how bad these scumbag Clintons truly are.

johnQpublic's picture

look up mena arkansas cocaine cartel while you are at it

and how is it hilly is in a public service position after whitewatergate?

i'm convinced she was made a senator to keep her mouth shut

same reason billy was boffing monica....hilly's mouth was shut, and billy was looking for one that was open

One_Eyed_Pony's picture

Why is Chris Dodd still free? He and US Senator Kent Conrad should be jail buddies in Cell Block "D".

These US Senators sold us all out for their own enrichment... oh, and that goes for Dodd's wife, Jackie Clegg Dodd, she should be behind bars too, for her derivatives insider trading

Fraud, Conspiracy to Commit Fraud, Racketeering, Insider Trading, Ethics Violations, eh, there's a long list of felonies for the Dodd's and Kent Conrad aka Friend's of Angelo.


trav7777's picture

Eric "Place" Holder is very selective in terms of the crimes he sees

Tapeworm's picture

There is nothing here to see other than it being a miniscule sideshow to the real thefts. It will get nowhere, but will be a sideshow for a few minutes only.

 This is worse than zero attention to the big creeps.

prophet's picture


The Wall Street Journal Guide to Investing in the Apocalypse: Make Money by Seeing Opportunity Where Others See Peril 


Johnny Lawrence's picture

America knows that criminals run the government, but America doesn't care.

ArkansasAngie's picture

No they don't know and if they did they would be out with pitchforks.

There are no investigations that come out and say anything any more.  The problem is that they are all in on it.  And ... so also is MSM


plocequ1's picture

I am a Taxpayer. I do care, But what could i do except pray to god that he takes me into his kingdom just as i receive the Bill for this monstrosity.

vegasjack's picture

this is a very large net

mnevins2's picture

And we all thought that the most enlightening/entertaining Cmte Chair would be Ron Paul!  Double-trouble?

Rainman's picture

So what ?? So dez civil servants is friends of Angelo. Whassamada wit dat ?? You no like Italians ??

nmewn's picture

RICO, suave' ;-)

NOTW777's picture

in the old days they could have sent rahm into the showers after issa

now they rely on the clinton team;


Quantum Nucleonics's picture

There's a thought to make you vomit... which Clinton would you rather have to see in the showers...?  [shudder]

NOTW777's picture

from what i see, they hire people to do the work

Careless Whisper's picture

a subpoena? bahahahaha

bank of america doesn't respond to subpoenas.

Clint Liquor's picture

As long as you don't commit a really serious crime, like trying to keep your kids out of some shithole inter-city school, you'll never see a jail. Dodd should be giving BJs for cigarettes

Pee Wee's picture

That's Fudgepacker-Frank's job.

lunaticfringe's picture

Holy shit!! I've been dreaming of this moment. It's just too good to be true. The lawyers are gonna be busy stopping this shit.

lunaticfringe's picture

I am book marking this page and gonna wait for the follow up. Mar 7 is on my calendar.

I Am The Unknown Comic's picture

no need to wait or bookmark.  Here's the headline that will come out on March 7 regarding this horrible fraud:


"...                         "

...and that's all we will get.

New_Meat's picture

It is no wonder that the machine is rather upset with ol' Darrell.

"But a handful of liberal political operatives in California — including a former Hillary Clinton hand — are taking their anti-Issa passion to a whole new level, launching a nonprofit group, a website and even paid media advertisements aimed at undermining and investigating the rabble-rousing chairman of the House Oversight and Government Reform Committee.

Read more:"


When they, well, I have to say it: 'squeel like a pig', then they are being seriously challenged closer to some public embarrasment.  If it were private, well, oh nvm.

- Ned


A_MacLaren's picture

I saw that the other day and wondered who was about to get investigated...


Quantum Nucleonics's picture

It will come as no surprise that liberals have created a group called "The Third Lantern" to dig up dirt and put out hit pieces on Issa.  Coincidentally, this group shares a phone number and office space with California's democratic party.  Looks like someone is worried that Issa might dig up a few corpses.

Bob's picture

It's no surprise at all, since he'll be focusing exclusively upon the D team.  You'd see the same thing if it were the R team. 

At least there's a good chance of shaking out some of the crooks.

Rainman's picture

The Dems are setting up the final taxing screws for the CA taxpayer. Isaa is pissin on the Moonbeam's get aquainted party with the Cali taxpayer.

Issa is the richest guy on the Beltway, so the Dem plan of attack is out of the Whitman playbook, which happened to work good in a state dominated and controlled by public sector employees. They're probably checking Issa's Mexican maid's papers as we speak.

Rainman's picture

USG is loaded to the gills with friends of somebody.....oil, gas card or free drugs from these other Big Pigs, though. Fiat only. 

b_thunder's picture

this is just perfect.  yes, let's investigate a half dozen "corrup" congressmen who got 50bp discount on the mrtgage rates and gained maybe $20k?  50k? 

At the same time $700B "bazooka" Hank Paulson is free and is not under investigation

The initiators of a $3Trillion dollar war - GW Bush, Cheney, Rumsfeld and Co are free and  are not under investigation

Goldman Sachs (and it's CEO) is not under investigation

Lewis and BofA are not under investigation

and , finally, Ben Bernanke, the author of countless trillions of new dollars, the perpetrator of the greatest theft and greatest wealth transfer is free and is not under investigation.


Issa doesn't give a flying fornication about justice.  All he cares about is to embarrass few Dems who are already embarrased to the point that Dodd isn't running for reelection!


Bob's picture

Hey, political circus will increase his chance of re-election.  That's what it's always about with these ass clowns.

eatthebanksters's picture

Your a moron...while we should jail all the people on your list if they can be proven guilt, Issa is merely uncovering more corruption.  We already know about the other stuff, so why are we doing something about're buddy Obummer and his butt buddy Holder have the choice.  We don't know enough yet about the 'Friends of Angelo' or 'Countrywide VIP' program.  Having lost my business, several million dollars and being close to broke as a result of the real estate meltdown, I'd like to know if our politicians exchanged favors to help the crooks who caused this fiasco. There is nothing wrong with what Issa is doing, it should have been done long ago...didn't Nancy AirForce Jet Pelosi promise the most transparent and cleanest Congress ever?  Wasn't she going to drain the swamp?  Yeah Right!  After her jst landed and the cocktails wore off. ($21 million of taxpayer money for her trasnportation and she's talking about cleaning things up?  Fuck me!)

Tapeworm's picture

why the junk on the obvious points here above?

Zero Govt's picture

nice to see public sector employees getting 'covered' in special treatment by bwankers and we all know how helpful politicians were when bwankers needed a favour in return... is the 'covering' of the bwankers arses running into $Trillions yet???

Zero Govt's picture

nice to see public sector employees getting 'covered' in special treatment by bwankers and we all know how helpful politicians were when bwankers needed a favour in return... is the 'covering' of the bwankers arses running into $Trillions yet???

rlouis's picture

A bit of testimony, by who is ... NOT watching the store.


He is former prosecutor, Alan Grayson; she is Elizabeth Coleman, Inspector General of the Federal Reserve.
The issue is the oversight pertaining to the ever-expanding balance sheet of the Fed.   

poydras's picture

Either we go banana republic or the end-to-end fraud is a massive RICO case.

I Am The Unknown Comic's picture

I'm sure BAC will regret to inform Mr. Issa that all these requested Cuntrywide files have been erased/shredded in accordance with the company's document management and recycling program. where did Wikileaks put that file? 

Rainman's picture

.....Angelo and the boyz no doubt hired the Shred- a- Mountain company to dispose of the really dark shit. But those pesky courthouse records might be a problem.

haskelslocal's picture

Can you say, "Shredder"? Chop chop... Already gone.

bigargon's picture

 I am from CT. I can't believe my fellow citzen re-elected him so main times. I freakin' hate Dodd he always been a a corupt bastard.I was so happy when i found out he wasn't going to run again. I hope Effer get busted and spends some time in the slamer.

Looks like CT using the "illinois" method of defict reduction:,0,70...

Pants McPants's picture

Is your avatar from Mystery Science Theater 3000?