On the heels of the hypocrisy of his “do as I say not as I do” on energy where he wants folks other than himself to conserve energy AND on the heels of his “Two Americas” campaign message wherein his $400 and $1200 haircuts show how far removed he is from average America comes the new disclosure that John Edwards (D-NC) has millions invested in sub-prime lenders including firms that have foreclosed on Katrina victims in spite of his call to end such practices by others. How does he have ANY credibility?
What he says: “While Washington turns a blind eye, irresponsible lenders are pulling
a fast one on hard-working homeowners,” Mr. Edwards said a few days
later. … It’s time to put an end to the shameful lending practices
that are compromising our strength as a nation.”
— April 4, 2007, in Davenport, Iowa
What he does: 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.
