The Discerning Texan

All that is necessary for evil to triumph, is for good men to do nothing.
-- Edmund Burke

Friday, August 17, 2007

Edwards pet Hedge Fund linked to Katrina foreclosures

Photoshop shamelessly pilfered from Ace (and George)--but it was too good to pass up.

You have got to love the irony of the fact that the Breck Girl announced his campaign in a New Orleans back yard-maybe it was one of the ones that his hedge fund foreclosed on (hell, the whole neighborhood would probably fit into his garage...). And how big of the ambulance chaser to say he will divest in this investment. What an example for us all...

Ace puts it very succinctly, as always (Emphasis is mine):

There are two Americas -- and John Edwards is fighting as hard as he can to keep it that way. Gotta keep the riff-raff down, you know.

God Bless 'im.
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. ...

I hope Edwards stays in the race until the bitter end--his glaring hypocrisy is the gift that keeps on giving.

Labels: 2008 Presidential Race, Hypocrisy, John Edwards