Thursday, August 30, 2007

The Empty Suit Speaks

Bet ya didn't know this:

Edwards linked to subprime foreclosures
Presidential candidate's
holdings in Fortress are invested in subprime lenders foreclosing on Katrina
victims - report.
August 17 2007: 4:18 AM EDT
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.

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.

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