While I'm generally of the opinion that justice delayed is justice denied I think the Republicans have gone a bit over the top on this.
The Elephants have their own website up for this committee http://republicans.oversight.house.gov/index.php?option=com_content&view=frontpage& Itemid=1
but completely ignore the official committee website; http://oversight.house.gov/story.asp?ID=2638
Thursday, October 15, 2009
Oversight Committee Business Meeting Postponed
For Immediate Release: Thursday, October 15, 2009
Contact: Oversight and Government Reform Press Office, (202) 225-5051
Oversight Committee Postpones Scheduled Business Meeting
Washington, DC – The Committee on Oversight and Government Reform business meeting scheduled for today has been postponed to a date to be determined. This is due to conflicts Members of the Committee have with a Committee on Financial Services Markup on the consumer financial protection agency.
While I'm all in favor of investigations proceeding and subpoenas being served -- I think there is some Kindergartenish behavior here -- but it lies with those who forgot to represent what really happened on October 15.
A better source for discussion of the issue might have been the WSJ:
Senators Chris Dodd and Kent Conrad lawyered up when the Senate ethics committee asked about their VIP loans from Countrywide Financial. But the sweetheart Senators may not be able to stop another look at their dealings with the subprime mortgage factory. A Democrat on the House oversight committee, Illinois freshman Mike Quigley, tells us that he supports a subpoena to obtain documents on the "Friends of Angelo" loan program.
Named for former Countrywide CEO Angelo Mozilo, the program was used to curry influence with government officials. Bank of America, which bought the failed lender last year, has said it's ready to turn over the files as soon as it receives a subpoena.
We're told that, at a closed Thursday meeting of Democrats on the House oversight committee, several Members urged Chairman Edolphus Towns (D., N.Y.) to allow a vote on California Republican Darrell Issa's proposal to issue the subpoena. Mr. Towns received two mortgage loans from the Countrywide unit that processed VIP loans but claims he received no special favors.
How long can Mr. Towns bottle up the subpoena vote? Mr. Quigley is urging Democrats to remember that ethical lapses helped end the GOP majority. "The right thing to do is also the smart thing to do," says Mr. Quigley. "Both parties must decide that they can't protect their members, no matter how powerful they are." Countrywide's efforts to obtain influence were not limited to one party, nor is there any guarantee that only Democrats like Messrs. Dodd and Conrad succumbed to Angelo's charms. As Mr. Quigley says, "Stupidity wears both hats."