Want to know how Washington really works? Can you say, “Crony capitalism”?
Roll Call has just reported on yet another scandal that shows the character of some of our representatives in Capitol Hill, and the picture isn't pretty.
House Oversight and Government Reform Committee Chairman Darrell Issa indicates that former mortgage company Countrywide Financial Corp. offered discounts on home loans to hundreds of Washington officials, including several Congressmen and a myriad of government workers. Countrywide's "VIP Unit" was happy to provide these perks to those who were in a position to return the favor.
This VIP Unit processed loans for...