Wall Street Journal (8/17/07):
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.
...
Asked about the matter, Mr. Edwards yesterday pledged that he would personally provide financial assistance to New Orleanians who are facing foreclosure by [firms linked to Edwards' portfolio] or have lost their homes already. "I intend to help these people," the former North Carolina senator said.
He also promised to cleanse his portfolio of any investments that may be profiting from their losses
Wall Street Journal (9/14/07)
Democratic presidential candidate John Edwards, whose personal investments have been linked to foreclosure suits filed against three dozen victims of Hurricane Katrina, has helped set up a charitable organization to help the homeowners.
His campaign said Mr. Edwards had also redirected the investments, a $16 million stake in Fortress Investment Group LLC, within the private-equity company to ensure they no longer had ties to its subprime-mortgage businesses.
The Louisiana Home Rescue Fund will be seeded with $100,000 -- much of which will come from Mr. Edwards's own pocket, the campaign said, without specifying an amount.
...
"I have to do something to help these people," [Edwards said on Aug 17th]. "This thing about New Orleans is not just politics to me."
Alright. Good on ya, John. I'll throw you a little sugar for taking care of that.
Observe Edwards' video response to the President's renewed commitment to our endless, , expensive, "enduring", open-ended commitment to Iraq's "security".
Now that's how you read a text into a camera. (Seriously.)
Labels: Dems, Elections and Campaigns, R.E.
