Congress clears own members from wrongdoing for insider home loan deals

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By: Kenneth Schortgen Jr

For more than four years, the House Ethics Committee has been investigating members of Congress who allegedly received special VIP loans from former Countrywide CEO Angelo Mozillo during his efforts to lobby the House regarding special Fannie Mae considerations. On Dec. 27, the ethics committee released their conclusions and have determined that no House member was in violation of special treatment, cronyism, and loan considerations that violated Congressional rules. READ MORE

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