Posted on 08/17/2007 8:13:08 PM PDT by Lorianne
As a presidential candidate, Democrat John Edwards has regularly attacked subprime lenders, particularly those that have filed foreclosure suits against victims of Hurricane Katrina. But as an investor, Mr. Edwards has ties to lenders foreclosing on Katrina victims.
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. Mr. Edwards worked for Fortress, a publicly held private-equity fund, from late 2005 through 2006.
(Excerpt) Read more at online.wsj.com ...
Also look at the thieving gov. in south La., if people aren’t foreclosed out of their homes—the tax assessor will valuate your property at oh...20 or 30 times the last assessed value.
Just try to find a purchaser at that rate. Or pay the property tax.
Looks like Murdoch taking over is already changing behavior.
Yes, but he pretends to care and that’s what’s important.
He has been too busy calling Coulter names to notice.
I thought it was his butler -- or maybe his "stylist" who was involved...
His $16 million would pay off the mortgage for 10,000 people living in the "Other America"
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