Caving to months of pressure from congressional Republicans, the chairman of the House oversight committee agreed Friday to subpoena documents from Countrywide Financial Corporation about its VIP loan program that offered special mortgages to members of Congress and other influential figures.
Sens. Chris Dodd, D-Conn., and Kent Conrad, D-N.D., both received loans from the so-called "Friends of Angelo" program, a reference to the company's former CEO Angelo Mozilo, now charged with insider trading and securities fraud by the SEC.
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