Countrywide Financial Corp.

Rep. Edolphus Towns, D-N.Y., questions witnesses about the purchase of Merrill Lynch by Bank of America on Dec. 11, 2009 in Washington, D.C. (credit: Chip Somodevilla/Getty Images)

Dem Chairman Overrode Own Subpoena In Mortgage Lender Investigation

A Democratic committee chairman overrode his own subpoena three years ago in an investigation of former subprime mortgage lender Countrywide Financial Corp. to exclude records showing that he, other House members and congressional aides got VIP discounted loans from the company, documents show.