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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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Wed, 02/16/2011 - 19:03 | 968256 NOTW777
NOTW777's picture

barneyloan file, mrdoddloan file, mrshumerloan file

Wed, 02/16/2011 - 21:22 | 968699 Josh Randall
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. 

Wed, 02/16/2011 - 19:04 | 968263 NOTW777
NOTW777's picture

calling steveliesman - no WH economist willing to testify

http://blogs.wsj.com/washwire/2011/02/15/white-house-economists-wont-tes...

Wed, 02/16/2011 - 19:15 | 968299 Seasmoke
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

Wed, 02/16/2011 - 19:18 | 968307 NOTW777
NOTW777's picture

shes still out on the summer of recovery program

Wed, 02/16/2011 - 19:36 | 968378 Quantum Nucleonics
Quantum Nucleonics's picture

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

Wed, 02/16/2011 - 19:08 | 968278 NOTW777
NOTW777's picture

hil and bill will take care of this

 

http://www.politico.com/news/stories/0211/49521.html

Wed, 02/16/2011 - 23:40 | 969073 MarketTruth
MarketTruth's picture

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

Thu, 02/17/2011 - 08:14 | 969556 johnQpublic
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

Wed, 02/16/2011 - 19:14 | 968294 One_Eyed_Pony
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.

 

Thu, 02/17/2011 - 01:40 | 969327 trav7777
trav7777's picture

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

Thu, 02/17/2011 - 04:06 | 969449 Tapeworm
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.

Wed, 02/16/2011 - 19:15 | 968300 prophet
prophet's picture

 

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

http://www.harpercollins.com/books/Wall-Street-Journal-Guide-Investing-Apocalypse/?isbn=9780062001320 

 

Wed, 02/16/2011 - 19:17 | 968302 Johnny Lawrence
Johnny Lawrence's picture

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

Wed, 02/16/2011 - 19:26 | 968335 ArkansasAngie
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

 

Wed, 02/16/2011 - 22:00 | 968793 plocequ1
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.

Wed, 02/16/2011 - 19:17 | 968305 vegasjack
vegasjack's picture

this is a very large net

Wed, 02/16/2011 - 19:18 | 968306 mnevins2
mnevins2's picture

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

Wed, 02/16/2011 - 19:18 | 968308 Rainman
Rainman's picture

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

Wed, 02/16/2011 - 19:18 | 968311 nmewn
nmewn's picture

RICO, suave' ;-)

Wed, 02/16/2011 - 19:19 | 968315 NOTW777
NOTW777's picture

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

now they rely on the clinton team;

 

Wed, 02/16/2011 - 19:40 | 968391 Quantum Nucleonics
Quantum Nucleonics's picture

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

Wed, 02/16/2011 - 20:42 | 968581 NOTW777
NOTW777's picture

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

Wed, 02/16/2011 - 19:23 | 968323 Careless Whisper
Careless Whisper's picture

a subpoena? bahahahaha

bank of america doesn't respond to subpoenas.

Wed, 02/16/2011 - 19:25 | 968332 Clint Liquor
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

Thu, 02/17/2011 - 09:41 | 969696 Pee Wee
Pee Wee's picture

That's Fudgepacker-Frank's job.

Wed, 02/16/2011 - 19:24 | 968333 lunaticfringe
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.

Wed, 02/16/2011 - 19:26 | 968339 lunaticfringe
lunaticfringe's picture

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

Wed, 02/16/2011 - 21:01 | 968648 I Am The Unknow...
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.

Wed, 02/16/2011 - 19:28 | 968342 New_Meat
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: http://www.politico.com/news/stories/0211/49521.html#ixzz1EAR6wphw"

from: http://www.politico.com/news/stories/0211/49521.html

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

 

Wed, 02/16/2011 - 20:16 | 968497 A_MacLaren
A_MacLaren's picture

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

 

Wed, 02/16/2011 - 19:31 | 968362 Quantum Nucleonics
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.

Wed, 02/16/2011 - 19:49 | 968406 Bob
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.

Wed, 02/16/2011 - 20:33 | 968550 Rainman
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.

Wed, 02/16/2011 - 19:36 | 968373 Rainman
Rainman's picture

USG is loaded to the gills with friends of somebody.....oil, pharma...no gas card or free drugs from these other Big Pigs, though. Fiat only. 

Wed, 02/16/2011 - 19:35 | 968377 b_thunder
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!

 

Wed, 02/16/2011 - 19:49 | 968417 Bob
Bob's picture

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

Wed, 02/16/2011 - 19:49 | 968418 eatthebanksters
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 it...you'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!)

Wed, 02/16/2011 - 22:30 | 968876 Bob
Bob's picture

Wow.  Nice try, Elliot!

Thu, 02/17/2011 - 04:10 | 969452 Tapeworm
Tapeworm's picture

why the junk on the obvious points here above?

Wed, 02/16/2011 - 19:47 | 968413 Zero Govt
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???

Wed, 02/16/2011 - 19:48 | 968415 Zero Govt
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???

Wed, 02/16/2011 - 20:23 | 968515 rlouis
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.

http://dailybail.com/home/there-are-no-words-to-describe-the-following-part-ii.html   

Wed, 02/16/2011 - 20:38 | 968567 poydras
poydras's picture

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

Wed, 02/16/2011 - 20:58 | 968631 I Am The Unknow...
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. 

...now where did Wikileaks put that file? 

Wed, 02/16/2011 - 21:09 | 968669 Rainman
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.

Wed, 02/16/2011 - 21:27 | 968714 haskelslocal
haskelslocal's picture

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

Wed, 02/16/2011 - 22:38 | 968897 bigargon
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:

http://www.ctnow.com/news/connecticut/hc-malloy-taxes-0215-20110214,0,70...

Thu, 02/17/2011 - 09:01 | 969608 Pants McPants
Pants McPants's picture

Is your avatar from Mystery Science Theater 3000?

Wed, 02/16/2011 - 22:46 | 968926 mcguire
mcguire's picture

issa net worth is $250 million.  he is, in fact, the richest man in congress. 

have you ever heard of the term "exteriorization of the heirarchy"???  if not, look it up, it is more than relevant. 

Wed, 02/16/2011 - 23:34 | 969053 prophet
prophet's picture

Trying to beat stickypeeks to the punch? 

Maybe what Assnage has/had is/was more damning to some congressman and admin types than to the bank.

Thu, 02/17/2011 - 04:16 | 969455 Tapeworm
Tapeworm's picture

Assange is the darling of the big media. Don't hold your breath while waiting for that maggot to come up with anything that we didn't already know.

Thu, 02/17/2011 - 02:18 | 969355 Sizzurp
Sizzurp's picture

This is low hanging fruit for Issa.  Not the worst crimes, but hey at least it is something.  Its a start, and maybe we can see more of the frauds come to light.  I'd love to see Fannie and Freddie execs. get the grill room treatment.

Thu, 02/17/2011 - 04:14 | 969453 Tapeworm
Tapeworm's picture

I wish that was the case.

 I'll give it 'till tomorrow to go away, or twenty billion in queasing, whichever comes first.

Thu, 02/17/2011 - 09:44 | 969708 Pee Wee
Pee Wee's picture

With the name Fraud-Dodd i don't see what all the fuss is about.

Statute of limitations expires in 3...2...

Mozillo already convicted of spitting on the sidewalk, the rest is double jeopardy.

These crooks engineered every bit of their escape, and can buy public opinion everywhere else.

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