More Congressmen Involved In Countrywide “Sweetheart” Loans Scandal
• News Junkie Post
Tremendously under-reported this weekend was the story of how some members of Congress have been under investigation for getting “sweetheart” VIP loans from Countrywide Financial — the home mortgage company that led the pack of other financial institutions to the housing bubble last year.
The network that gets credit for doing their job is CBS News, which reported on Friday that the list of “influential” Democrats and Republicans that received VIP loans from Countrywide continues to grow. The latest congressman being investigated is Edolphus Towns, a democrat from New York.
