Friday, August 17, 2007

John Edwards and subprime mortgages.

Apparently, two America’s are great, as long as Edwards lives in the right one.

You know, this is not the first time that it has been pointed out that Edwards is invested in sub-prime mortgages that are fore-closing on Katrina victims. Even the website, was upset about this a month ago.

Now that the sub-prime market is in real trouble, Edwards is putting on his best spin suit-

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.

Amazingly, Edwards has the nerve to be critical, even though he has $16 million invested in Fortress. $16 million is not chump change.

I have to admit, I was shocked when I saw this on the front page of MSN. It appears that the media have grown tired of their boy, John Edwards. A few months ago, he could not do anything wrong.

Edited to add:

Watching a very interesting debate taking place over at Fred's site- Real Debate Wisconsin

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