"Oversight panel to subpoena Countrywide info"
"...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."
Notably, Towns added that "the subpoena to Countrywide covers records that could show special treatment for Members of Congress," and that if such information is produced, the Oversight panel will forward it to the House ethics committee for consideration...." [my emphasis]
And, oh-by-the-way, did you notice that this announcement came on a Friday afternoon? Not that the R's aren't equally good at doing this sort of thing, but Friday afternoon is becoming an important time of the week to be paying attention to what they don't want you paying attention to.
h/t: Riehl World View.