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Edwards ties to lenders foreclosing on Katrina victims
Posted by: McQ on Friday, August 17, 2007

He opened his campaign in New Orleans 9th Ward, shovel in hand. He talks about "two Americas" and he's attacked subprime lenders on a regular basis. And then we find out about this:
As a presidential candidate, Democrat John Edwards has regularly attacked subprime lenders, particularly those that have filed foreclosure suits against victims of Hurricane Katrina. But as an investor, Mr. Edwards has ties to lenders foreclosing on Katrina victims.

The Wall Street Journal has identified 34 New Orleans homes whose owners have faced foreclosure suits from subprime-lending units of Fortress Investment Group LLC. Mr. Edwards has about $16 million invested in Fortress funds, according to a campaign aide who confirmed a more general Federal Election Commission report. Mr. Edwards worked for Fortress, a publicly held private-equity fund, from late 2005 through 2006.
A bit like attacking Hillary Clinton taking funds from a Rupert Murdoch corporation and then finding out that Edwards had made hundreds of thousands of dollars through the same organization.

I wonder what his attack-wife will have to say about this?
 
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After leaving the firm, he kept about half of his net worth in Fortress funds. And Fortress employees have collectively made up the largest class of political contributors to Mr. Edwards.
and my favorite:
The former senator from North Carolina said he had asked Fortress officials whether it was involved in predatory lending practices before taking the job in 2005 and was assured it was not.
Edwards: “Are you preditory lenders?”

Folks from Fortress: “You bet yer sweet, sweet ass we are. Look! *points* Piles of money!”

E: *zones out, comes around* “I’m sorry, I seem to have been distracted by a large amount of lovely, life-giving money. *rubs a handful of hundred dollar bills over his face and neck* Did you say something?”

FfF: “Nope. Didn’t say a thing…”
 
Written By: Scott Jacobs
URL: http://
A bit like attacking Hillary Clinton taking funds from a Rupert Murdoch corporation and then finding out that Edwards had made hundreds of thousands of dollars through the same organization.
When he was caught, Edwards claimed that every penny of that money went to charity. It was later dicovered that $300,000 of it went to his daughter and one of his campaign operatives.
 
Written By: Aldo
URL: http://
When he was caught, Edwards claimed that every penny of that money went to charity. It was later dicovered that $300,000 of it went to his daughter and one of his campaign operatives.
Actually, he said every penny of the money he recieved.

That $300,000 was paid directly to his daughter and the aide.

He’s a lawyer. Technically he did not lie. The second I saw the words "that I recieved", I knew there’d be money paid directly to others.
 
Written By: Scott Jacobs
URL: http://
Senator Edwards maxes out my BS detector regularly. I don’t think that I can vote for such a person to be President. Hillary, for example, rates on the scale of 0 - 10, in the five area; just about average for a politician. With her handicaps going in [Bill] if she can succeed in getting the nomination and running a good campaign, she may just be the type of person who would make an excellent President. Sort of "send a thief to catch a thief" if you know what I mean.

Of course, as a neo-libertarian, electing a President under our current process is like selecting which great white shark you want in the pool when you go swimming.
 
Written By: &amp
URL: http://
What could be funnier than a guy who made 94 bajillion dollars as a trial lawyer attacking Hillary for having appeared on Fortune magazine? Seriously, are he and Obama secretly working for Clinton?
 
Written By: the wolf
URL: http://

 
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