He wants his colleagues to disclose where their mortgages come from. And he’s going to force them to vote on it. North Dakota’s Kent Conrad, who got a favorable rate from Countrywide, is already going through the wringer on this one:
So here’s a member of the Senate Finance Committee, who should have been helping draft rules against Countrywide’s fast-and-loose playing with “subprime” home loans — behavior contributing to the housing-mortgage crisis — owing favors to the company’s boss.
Ah, Congress: it’s an equal-opporunity corruption machine. (The Big, Bad John commercial is starting to look better.)