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15 Feb 2012 21:56

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Politics: Ex-Countrywide head Angelo Mozilo summoned by Rep. Darrell Issa

  • F.O.A. The above stands for “Friend of Angelo,” the internal designation formerly used by Countrywide Financial to specify people who, some of them public figures, were to be given deluxe mortgage rates, so named for then-Countrywide top-dog Angelo Mozilo.
  • Rep. Issa The head of House Oversight, Rep. Darrell Issa has requested an interview with Mozilo, on such loans given to public officials (current Reps. McKeon, Session, Towns, and Gallegly) — Congress isn’t allowed to accept publicly unavailable financial perks. source

24 May 2011 20:45

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Politics: Elizabeth Warren subcommittee hearing devolves into pissing match

  • What time was Elizabeth Warren supposed to leave? We’re not completely sure, but she seems pretty angry about being held up by GOP Rep. Patrick McHenry (on top of having the meeting rescheduled repeatedly). Warren, the Harvard professor helping to launch the Consumer Financial Protection Bureau for Obama, faced a tough line of questions from Republicans on the House Oversight subcommittee — questions which showed they didn’t even seem to know basic facts. It got so bad that Democratic Rep. John Yarmuth had to say this in her defense: “The questioning of your veracity when there is documented evidence that you are being totally truthful indicates to me that this hearing is all about impugning you because people are afraid of you.” Word on the street is that Warren may take on Scott Brown in his upcoming Senate race, which is a stupid idea because Brown is a moderate Democrat in every respect but party affiliation. source