Daily Outrage: Controversial mortgage program recordings destroyed

WHO: Rep. Darrell Issa

WHAT: San Diego-Riverside Republican Darrell Issa, ranking GOP member of the House Oversight and Government Reform Committee, wants to subpoena any surviving phone conversation recordings of Countrywide Financial Corp.’s controversial VIP loan program — which might have given “sweetheart” deals to public officials.

WHO HAS THE TAPES: Bank of America, which purchased Countrywide in July 2008, said that no recordings were kept when BofA “assumed management … and terminated the VIP program.” Issa wants more information on exactly what happened to the recordings.

WHAT’S BEING DONE: The committee chairman, Brooklyn Democratic Rep. Edolphus Towns, so far has turned down Issa’s subpoena request. Towns had a pair of Countrywide mortgages between 2003 and 2005, but then took his business elsewhere.

Countrywide bankDarrell IssaOpinionOther Opinion

Just Posted

Pharmacist Hank Chen is known for providing personalized service at Charlie’s Pharmacy in the Fillmore.<ins> (Kevin N. Hume/The Examiner)</ins>
Left: A Walgreens at 300 Gough St. is among San Francisco stores closing.
Walgreens closures open the door for San Francisco’s neighborhood pharmacies

‘I think you’ll see more independents start to pop up’

San Franciscans are likely to have the opportunity to vote in four different elections in 2022. (Kevin N. Hume/S.F. Examiner)
Electionpalooza: SF school board recall will kick off a flurry of local races

‘It’s going to be a lot of elections and a lot of decisions for voters to make’

Four young politicos were elected to city government on the Peninsula in 2020. From left: Redwood City Councilmember Michael Smith; South San Francisco Councilmember James Coleman; Redwood City Councilmember Lissette Espinoza-Garnica; and East Palo Alto Councilmember Antonio Lopez.<ins> (Examiner illustration/Courtesy photos)</ins>
Progressive politicians rise to power on the Peninsula. Will redistricting reverse the trend?

‘There’s this wave of young people really trying to shake things up’

The Walgreens at 4645 Mission St. in The City is among those slated to close. <ins>(Courtesy photo)</ins>
Walgreens says it’s closing five San Francisco stores due to crime. Where’s the data?

Walgreens should be transparent, enlighten San Francisco leaders about crime’s effect on business

Most Read