Countrywide

Issa Issues Broad Countrywide VIP Loan Subpoena

Susan Crabtree | February 16, 2011, 7:04PM

Rep. Darrell Issa (R-CA), chairman of the Committee on Oversight and Government Reform, expanded a prior investigation into the Countrywide Financial Corporation's infamous VIP loan program by issuing a wide-ranging subpoena aimed at exposing more information about the mortgage giant's efforts to win friends and influence people at the highest levels of government.

Issa's subpoena, announced Wednesday night, was sent to Bank of America, which purchased Countrywide just before the height of the economic crisis. The subpoena asks for all documents and requests related to Countrywide's VIP program, which implicated Sen. Kent Conrad (D-ND) and former Sen. Chris Dodd (D-CT), the then-chairman of the Banking Committee.

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Topics: Chris Dodd, Countrywide, Darrell Issa, Edolphus Towns, House Oversight, House Oversight and Government Reform, House of Representatives , Kent Conrad, Senate Banking Committee, Senators