House Republicans on Thursday accused their Democratic colleagues of
running away from a vote to subpoena embattled mortgage lender
Countrywide Financial.
Rep. Darrell Issa (R-Calif.), ranking
member of the House Oversight and Government Reform Committee, had
demanded a vote to subpoena the lender, which is accused of providing
discount loans to Democratic members of Congress and others as part of an illicit
"VIP" lending program.
According to a release from Issa's
office, Democratic committee members abandoned the scheduled 2 p.m.
vote, citing a conflict with a Financial Services Committee hearing.
Democratic members then walked out of the hearing room.
Issa tweeted his disappointment during the scheduled vote:
In the Oversight GOP staff room waiting with Team Oversight to go out for the cage match/Countrywide VIP mortgage program vote.
Dems aren't showing up!
We have a GOP quorum
But no Dems have shown up. Now votes! Saved by the Bell: the Congressional Years? #tcot
They snuck out the back door!
"The
benefits and strategy behind the Countrywide VIP program were
reminiscent of the benefits Jack Abramoff bestowed on individuals with
political influence. It needs to investigate Countrywide's efforts to
buy influence," said Issa in the release.
"Democrats may have skated out of today's vote, but they
can rest assured that Republicans will again demand a vote to hold
Countrywide accountable," Issa added.
The
Republican lawmaker has long favored a sweeping investigation into the
troubled company. But the Senate Ethics Committee has cleared the
recipients of the loans --
Sens. Chris Dodd (D-Conn.) and Kent Conrad (D-N.D.) -- of any
wrongdoing in the matter.
The Ethics Committee only examined potential wrongdoing by the two
senators who fell under their jurisdiction -- it did not cast judgment
on the other 25,000 "VIP" loans or on the Countrywide officials who
offered the loans.
Some Republicans have also been identified as "VIPs" including
George W. Bush's HUD Secretary Alphonso Jackson and Bush Postmaster
General John Potter.
The office of committee chairman Edolphus Towns (D-N.Y.) did not respond to a request for comment.
Cross-posted to the Briefing Room