it was called the friends of angelo program now, the report today names a string of lawmakers and regulators from both parties, democrats and republicans, who benefited from this vip treatment. senate budget committee chairman, for instance, democrat kent conrad. former democratic senator chris dodd. republican house armed services committee chairman buck mckeon. all three deny any wrongdoing. the former ceo of fannie mae, officials at freddie mac and a secretary of housing and urban development were also in this friends of angelo program. so were congressional staffers from both parties that played a role in legislation that affected countrywide. these vips got favorable mortgage rates and points. one was a chairman of the house oversight committee, the very same committee investigating countrywide. he also denies any wrongdoing. according to the house report, documents and testimony obtained by the committee show the vip loan program was a tool used by country wide to build
good evening, i m area rin burnett. outfront is the boogie man. when they aren t blasting each other who has lost more jobs or fired more people, mitt romney and barack obama slam china. day one. president romney stands up to china. demands a level playing field for our businesses and workers. just today, to kick off his bus tour, the president played the china card too. just this morning, my administration took a new action to hold china accountable for unfair trade practices that harm american automakers. and let me tell you something. americans aren t afraid to compete. we believe in competition. the president is referring to chinese tariffs on american-made cars and raised costs between 10% and 22%. what is amazing when you look at the numbers the claim doesn t really add up. look at gm sales in china. in the month of may, they were up 21% from last year. so far this year gm sold a record 1.2 million cars in china, more than the united states. the real untold st