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In this 2009 file photo, Rep. Edolphus Towns, D-N.Y. speaks during a committee hearing on Capitol Hill, in Washington. Towns, a former Democratic committee chairman overrode his own subpoena three years ago in an investigation of former subprime lender Countrywide, making it unlikely that House members and staff who received discounted mortgages would be identified. (AP Photo/Manuel Balce Ceneta, File)

House members' VIP loans excluded from subpoena

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LARRY MARGASAK, Associated Press

WASHINGTON (AP) — A Democratic committee chairman overrode his own subpoena three years ago in an investigation of former subprime mortgage lender Countrywide Financial Corp. to exclude records showing that he, other House members and congressional aides got VIP discounted loans from the company, documents show.

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Steve Wagner
Grand Forks Herald Editor Steve Wagner can be reached at 701.780.1104 and swagner@gfherald.com. Prior to joining the Herald, Wagner worked at the Bemidji (Minn.) Pioneer and The Forum of Fargo-Moorhead. He also previously worked at newspapers in the Twin Cities and Iowa.
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