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IPFS News Link • Corruption

Countrywide won influence with discounts

• AP
The former Countrywide Financial Corp., whose subprime loans helped start the nation's foreclosure crisis, made hundreds of discount loans to buy influence with members of Congress, congressional staff, top government officials and executives of troubled mortgage giant Fannie Mae, according to a House report.

1 Comments in Response to

Comment by Powell Gammill
Entered on:

http://www.reuters.com/article/2012/07/06/us-usa-housing-countrywide-idUSBRE86503920120706

They are called bribes unless lobbyists pay them.



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