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Politics : The Environmentalist Thread -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (16890)	10/14/2007 12:35:32 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 36917

"Also him foreclosing the houses" is "bearing false witness." You have a hard time with that one. And with people doing the right thing. E worked in NO; I worked in NO. What have you done besides fart a lot? h Nearly a year after losing the election, in October 2005, Edwards joined the Wall Street investment firm Fortress Investment Group as a senior adviser, later working with them as a consultant.[33] Unknown to Edwards,[34] at the time Fortress owned a major stake in Green Tree Servicing LLC, which rose to prominence in the 1990s selling subprime loans to mobile-home owners and now services subprime loans originated by others. Subprime loans allow buyers with poor credit histories to be funded, but they charge higher rates because of the risk, and sometimes carry hidden fees and increased charges over time.[34] In August of 2007, the Wall Street Journal reported that a portion of the Edwards' family's assets were invested in Fortress Investment Group, that had, in turn, invested a portion of its assets in subprime mortgage lenders, some of which had foreclosed on the homes of Hurricane Katrina victims.[35][36] Upon learning of Fortress' investments, Edwards divested his funds from the investment group and stated that he would try to help the affected families.[37] Edwards later helped set up an ACORN- administered "Louisiana Home Rescue Fund" seeded with $100,000, much of it from his own pocket, to provide loans and grants to the families who were foreclosed on by Fortress-owned lenders.[38] en.wikipedia.org