Democrats Won’t Investigate Countywide “VIP” Loans in Order to Protect Chris Dodd

The Democrats campaigned on being the party of open, honest, and transparent government. There were several scandals in the Republican party that Democrats were able to capitalize on which helped them regain power. They promised the American people that if they were elected they would usher in a new age of honest government.

Their rhetoric doesn’t seem to match their actions so far. One needs to look no further than the scandals surrounding Dianne Feinstein, Charlie Rangel, Timothy Geithner, and John Murtha for proof of my statement. But I will look further, because there is more evidence that the Democrat party is not the party of open, honest, transparent government that they claimed to be.

Democrats are refusing to subpoena the records of Countrywide Financial. There are two main reasons for this; those reasons are Kent Conrad and Chris Dodd. Two of their own have received Countrywide mortgages based on the “VIP” system.

Countrywide Financial was made an example by Democrats of what is wrong with the mortgage companies, they were made a sacrificial lamb offered up by the Democrats and painted as a major culprit in the mortgage meltdown.

But Countrywide also had a “VIP” program called the “Friends of Angelo,” (Angelo being the CEO of Countrywide at the time), if you were a “friend of Angelo” you got preferential treatment on your mortgage. Both Kent Conrad and Chris Dodd were “friends of Angelo” and they both indeed got preferential treatment on mortgages. Both men claim that they did not realize being a “friend of Angelo” meant that they received preferential loan treatment.

And now Democrats are refusing to subpoena records that may show us exactly what these men knew. Coincidence? I think not! How convenient is it for the Democrats to just let Countrywide off the hook? How open and honest is that?

If Democrats truly wanted to be the open and honest party they would subpoena these records regardless of which party might be hurt but I guess protecting the party is more important that being open and honest.