The Conservative Nation

Yesterday, stating “We need to clarify unanswered questions about Countrywide Financial’s V.I.P. program,” the chairman of the House Oversight and Government Reform Committee, Edolphus Towns (D-NY), said that he would subpoena documents from Countrywide Financial Corporation about its VIP program which offered special mortgage deals to preferred customers like Sen. Chris Dodd (D-CT). Rep. Towns [...]

Senator Chris Dodd is finally coming clean about his role in the writing of the loophole amendment that allowed AIG to pay those huge bonuses to executives. Tonight on CNN, Dodd told Wolf Blitzer, “We wrote the language in the bill, the deal with bonuses, golden parachutes, excessive executive compensation that was adopted in the [...]