NH GOP - HODES TRIES TO TAKE A MULLIGAN ON LOAN SCANDAL PROBE

Embattled Congressman Scrambling After Getting Caught Dodging Key Vote On Mortgage Scandal Investigation

CONCORD – The Hodes for Senate campaign is scrambling this morning to minimize the political fallout caused by the release of an embarrassing video of the Congressman dodging a key vote on an investigation into a major mortgage scandal. Hodes, who was caught on film skipping a vote to authorize a probe of the controversial Countrywide VIP loan program, is now trying to claim that he is open to an investigation (The Hill, 10/23/09).

 “Paul Hodes had his chance to take a stand against public corruption and probe the Countrywide loan scandal. Instead, he decided to block an investigation and stand up for the Democrat Party leaders who received sweetheart mortgage deals through this program,” said NHGOP Communications Director Ryan Williams. “Now that Hodes has been caught on tape fleeing the scene of a key vote to authorize an investigation, he’s desperately trying to minimize the political damage to his struggling Senate campaign. Fortunately, New Hampshire voters are smart enough to see through such dishonesty and realize that Mr. Hodes is more concerned with his political career than he is about openness and transparency in government.”

The Countrywide scandal involves a secret mortgage program organized by the company’s disgraced former CEO, Angelo Mozilo. Mozilo, who has been charged with fraud and insider trading by the SEC, used the program to award sweetheart mortgage deals to VIPs including Democrat Senator Chris Dodd (CT) and Democrat Senator Kent Conrad (ND). Democrats on the House Oversight and Government Reform Committee, including Congressman Hodes, have blocked numerous attempts to investigate the program.

Congressman Hodes recently led an exodus of Democrat lawmakers out of an Oversight Committee hearing to avoid a vote to authorize the subpoena of documents related to the “Friends of Angelo” program. According to the Wall Street Journal (10/17/09), “Hodes doesn’t seem eager to vote on the issue.”

In a dishonest attempt to posture himself as an “independent” champion of openness and transparency, Hodes announced today that he is now open to an investigation The Hill (10/23/09).

“Despite his desperate political posturing, Paul Hodes has blindly taken orders from his party leadership and repeatedly demonstrated that he doesn’t have the backbone to stand up for New Hampshire.” said Williams.

 

CLICK HERE FOR VIDEO OF PAUL HODES DUCKING A KEY VOTE ON THE COUNTRYWIDE LOAN SCANDAL