Friday, August 17, 2007

Report links White House hopeful John Edwards to subprime lenders - Aug. 17, 2007
While Hillary Clinton proposes legislation to crack down on these folks, John Edwards is investing in their companies? But...but...I thought he was the friend of the poor.

LONDON (CNNMoney.com) -- Democratic presidential contender John Edwards has investing ties to subprime lenders who are foreclosing on victims of Katrina, according to a report published Friday. The Wall Street Journal said there are 34 homes in New Orleans that face foreclosure from the subprime unit of Fortress Investment Group. Edwards has about $16 million in Fortress (Charts), a hedge fund and private equity manager, the newspaper said.

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