Congress is now one step closer to uncovering the full scope of the collusion between reckless mortgage lenders and high-ranking government officials that ultimately inflated the U.S. housing bubble and brought the world economy to the brink of total collapse. One of the chief offenders in the mortgage meltdown was, doubtlessly, Countrywide Financial, a now-defunct corporate giant that exploited lax government policies to issue trillions of dollars in subprime mortgages on the guarantee that the burden of these toxic assets would ultimately fall on the shoulders of the American taxpayer.
Issa-Towns Reach Agreement on Countrywide Subpoena
Issa-Towns Reach Agreement on Countrywide Subpoena Oversight Investigators to Receive Countrywide VIP Documents and Records WASHINGTON. D.C. – In December of 2008, House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) 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 …
Issa, Jordan Call on Towns, Kucinich to Hold Hearing on Obama’s Latest Czar
House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) and Domestic Policy Subcommittee Ranking Member Rep. Jim Jordan (R-OH) have sent a letter to Committee Chairman Edolphus Towns (D-MD) and Subcommittee Chairman Dennis Kucinich (D-OH) for controversial Obama appointee Kevin Jennings to appear before the Committee.
ACORN in the Press
Tune in Tonight to Fox News at 10:05 p.m. (EST) as I went ‘On the Record’ with Greta to talk ACORN. Also, the Today Show should be doing a piece on ACORN tomorrow morning that is slated to run around 7:15 a.m. EST.
Issa Confronts Towns on Countrywide VIP – Challenges Him to Hold Vote to Issue Subpoena
At a hearing today of the House Committee on Oversight and Government Reform, Ranking Member Darrell Issa (R-CA) challenged Chairman Edolphus Towns (D-NY) to hold a committee vote to issue a subpoena to Bank of America for all information related to the Countrywide VIP Program, which was used to curry favor through sweetheart mortgage deals with Federal Government officials and Members of Congress who held responsibilities related to housing policy. In June, Bank of America expressed their readiness to cooperate with such a request but that amid legal restrictions they could only do so “if a Committee issues a valid subpoena for information, Bank of America would have a valid basis to produce information.”
Treasury IG Agrees to Request by Issa and Collins to Conduct a Review of ACORN
Treasury Department Inspector General, J. Russell George agreed to comply with a request submitted by House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-Calif.) and Senate Committee on Homeland Security and Government Affairs Ranking Member Susan Collins (R-Maine) to conduct a review of the Association of Community Organizations for Reform Now (ACORN) and of the IRS’s oversight of nonprofit organizations.
Issa Calls on Towns, Conyers to Hold ACORN Hearings
House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) sent letters today to Committee Chairman Edolphus Towns (D-NY) and Judiciary Committee Chairman John Conyers (D-MI) calling on theme to immediately convene hearings on the activities of the Association of Community Organizations for Reform NOW (ACORN) that includes key ACORN officials such as ACORN CEO Bertha Lewis, Wade Rathke (ACORN Founder) and Dale Rathke, Elizabeth Kingsley (Counsel to ACORN) and Steve Bachmann (CCI General Counsel) among others.
ACORN Announces Internal Investigator – Haven’t We Been Down This Road Before?
House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) released the following statement today regarding ACORN’s appointment of former Massachusetts Attorney General and President of Common Cause Scott Harshbarger to lead an internal investigation into ACORN’s activities:
Senator Collins and I Write to 7 IG’s to Investigate ACORN Spending
Senate Committee on Homeland Security and Government Affairs Susan Collins (R-Maine) and House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-Calif.) have sent letters to the Inspectors General (IG) for the Department of Housing and Urban Development (HUD), the Small Business Administration (SBA), the Federal Election Commission (FEC), the Department of the Treasury, the Elections Assistance Commission, the Department of Labor and the Corporation for National and Community Service (CNCS) calling on them to “review grants, contracts, entitlements and other forms of assistance to ACORN and its affiliates.”
Sunday’s Washington Post Details ACORN in Crisis More Than A Year Ago
Tune in tomorrow morning to Fox News Sunday w/Chris Wallace as ACORN CEO Bertha Lewis and I have what I’m sure will be a spirited discussion. In the meantime, the Washington Post has a game-changing story in Sunday’s paper that includes a depiction of an organization in crisis going back to 2008 – the Post has obtained notes from an ACORN board meeting from August of 2008 that are very revealing.
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