It is so funny and of course so hypocritical, when someone like multi-millionaire, 2nd time around presidential candidate, John Edwards goes about casting dispersions on sub-prime companies foreclosing on borrowers that he has a financial interest in.
From CNN:
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.
Edwards, the former senator from North Carolina, has been a vocal critic of subprime lenders and told the Journal that he would assist homeowners in New Orleans who face foreclosure from businesses linked to Fortress or who have already lost their homes.
When John Edwards says that “he would assist homeowners in New Orleans who face foreclosure“, he was not of course suggesting that he would do this with only his money. No, he will gladly force by act of law, money from all our pockets, to assist the homeowners in New Orleans who face foreclosure.
Say NO to any and all new taxes, matter not what they are for. Anytime, anywhere and for any reason.