What? You liberals actually think your Democrat party is on the side of the little guy? Man, I’ve got a bridge to sell you in Brooklyn…
…the chairman of the House Committee on Oversight and Government Reform, Edolphus Towns, New York Democrat, does not believe the Countrywide VIP program is worth the committee’s time. In a letter sent to oversight committee members on Sept. 30, Mr. Towns characterized the VIP program as “… enhanced customer service, in a manner similar to airline frequent flier programs or supermarket discount cards.”
Countrywide Financial and Angelo Mozilo clearly are at the nexus of the current economic crisis. It was Countrywide’s packaging of subprime mortgages that helped inflate the housing bubble, and it was Mr. Mozilo’s VIP program that sought to minimize congressional scrutiny and derail housing policy reforms that could have mitigated the crisis.
The documents that can lift the veil from Countrywide’s VIP program are readily available, however, and their custodians are prepared to provide them to Congress upon receipt of a subpoena.
But somewhere in Washington, Mr. Mozilo’s secrets are getting cover.
Seems that the Friends of Angelo are still alive and kicking on Capitol Hill. What are the Democrats afraid of? As is pointed out in the linked piece, there is a chance that a lot of GOPers are involved, too. We’re supposed to go after corruption – Nancy promised us the most ethical Congress in history. What’s the hold up?
Well, I’ll tell you what the hold up is: Democrats of Big Government and Big Corporation work together to protect them selves. There’s not a chance in heck that any Democrat is going to want to go after Mozilo…do that and the corporate bosses might stop being so generous with donations and well-paid sinecures for retired Democrat Congresscritters. The dirty secret of American politics is how tight Big Government and Big Corporation are – they each use each other to gather untold wealth and keep competition at bay (in government by making it hard for challengers to meet the incumbents on an even financial playing field…Reid is raising $25 million dollars for his re-election; no matter who is challenger is, he or she won’t get 10% that much…because the big money in Big Corporations wants to protect Reid, who protects them; in business by setting regulations which make it hard for small and mid-sized players to compete with the big boys).
If we want to end this, then we must first end the power of the Democrats, then reduce government, and then put the squeeze on the big corporations (which also, by the way, fund a great deal of the non-governmental left – like Soros and his ATM for kook leftists). The whole, rotten mess built up over the past 75 years has to go – and a renewed American Republic take its place.
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