Why are Democrats blocking inquiries into Friends of Angelo program?

(By Ed Morrissey, Hot Air) - CBS News did an in-depth report on the Friends of Angelo program at Countrywide last week, but Doug Ross notes that they buried the lede. CBS waited until the final paragraph of a good, detailed look at Angelo Mozilo’s aggressive campaign to provide loans for political power players to report the bombshell of the report:

Democrats are blocking a Republican effort to subpoena Countrywide documents. For now, it’s not clear whether there was anything illegal about the loan arrangements or whether Countrywide was able to fend off regulations by currying favor with the right people.