Missoulian: Report: Countrywide won influence with discounts
How Countrywide Used its VIP Loan Program To Influence Washington Policymakers
How Countrywide Used its VIP Loan Program To Influence Washington Policymakers
“A log of all loans processed by Countrywide’s VIP unit
showed 17,979 loans between January 1996 and June 2008. Borrowers included
Members and employees of Congress, the White House, Fannie Mae, Freddie Mac,
federal agencies, and other government entities. The log listed hundreds of
duplicate loans – the actual number of VIP borrowers was considerably less than
17,979. Lawyers for Bank of America acknowledged that the log may not contain
the full roster of VIP borrowers.”
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