No wonder Dodd was telling the hometown folks it's time to move on today. The Senate Oversight Committee may have something else in mind. I suppose they did do him a favor by making the announcement late on a Friday, though. Unfortunately for Dodd, as he's running for re-election, I'd imagine someone might just want to keep bringing it up!
On Friday, Oversight Chairman Edolphus Towns (D-N.Y.) issued a statement saying: "It is my goal to work through this matter in a bipartisan fashion and conduct a complete review of the role of mortgage companies in the current financial crisis. As part of this, we need to clarify unanswered questions about Countrywide Financial's VIP program, so I am issuing a subpoena to gather information about how that program worked and whether it provided special benefits to government officials. I am prepared to issue additional subpoenas if other companies fail to respond to our document requests."
This sounds to me like a reluctant capitulation. I wonder what caused it? It seems like only a couple of days ago that 'Dolphus was canceling committee meetings and ordering the doors locked to avoid votes on subpoenas on this issue . . . it seems so because it WAS!
Is there a fear among the Democratic leadership that continued stonewalling would draw too much attention to the story - or just a realization that no matter how criminally elected Democrats have behaved, neither their base, their colleagues, nor the House Ethics Committee would even notice.
Posted by: Estragon | Saturday, October 24, 2009 at 03:14 AM