Crush Liberalism

Silky Pony helps to foreclose on poor New Orleans homeowners

Silky’s been telling anyone who will halfway listen to him (which, judging by his position in the polls, means “hardly anyone”) that the current state of New Orleans is Bush’s fault and that the Silkmesiter will fix everything himself. He of the “Two Americas” speech has indeed acted on the Chocolate City, though I suspect his supporters (both of them) and his handlers didn’t quite expect it to be handled this way:

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, 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.

Sure, he’s willing to assist homeowners, after he’s assisted himself first. While he bellyaches about the predatory practices of subprime mortgage lenders, he’s getting richer and richer off of said predators. Silky’s best bet is for Ann Coulter to say something about this so he can go start another fundraiser of the “she-devil” and get the attention off of his shamelessness and hypocrisy.

August 20, 2007 - Posted by crushliberalism | hypocrisy, John Edwards, shameful