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| Nine Senators Urge Reid to Delay Countrywide Bailout Vote |
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Earlier today the following letter was sent by nine senators to Majority Leader Harry Reid asking him to delay consideration of the housing bill in light of recent allegations related to Countrywide Financial, which stands to gain more than a $2.5 billion taxpayer bailout in the bill (find pdf version here):
June 18, 2008
The Honorable Harry Reid
Majority Leader
United States Senate
Washington, DC 20510
Dear Harry,
We are concerned that you plan to begin consideration of the 630-page housing bill as early as today. We are also concerned with recent allegations related to Countrywide Financial, a private entity that by some estimates would receive more than $2.5 billion in benefits from this bill. We request that you delay consideration until we have adequate time to read the bill and better understand the allegations and how much Countrywide will benefit from the bill.
Sincerely.
Senator Jim DeMint (R-South Carolina)
Senator Tom Coburn (R-Oklahoma)
Senator Jim Inhofe (R-Oklahoma)
Senator Saxby Chambliss (R-Georgia)
Senator Jim Bunning (R-Kentucky)
Senator David Vitter (R-Louisiana)
Senator Roger Wicker (R-Mississippi)
Senator Mike Enzi (R-Wyoming)
Senator John Ensign (R-Nevada)
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