Remember when John Edwards complained about the “two Americas”?
“You’ve heard me talk about the Two Americas? One for those families who have everything they need, and then one for everybody else. Katrina showed us the Two Americas. Those images of men and women at the Superdome stranded without food, water or hope — simply because they didn’t have a car or the cash to escape. Those images are something we’ll never forget.
They’ve become the face of poverty in America — a symbol of the poor and forgotten families that live in big cities like New Orleans and in small towns and rural America too.”
Well John Edwards certainly hasn’t forgotten about them. In fact, he’s personally invested millions - in the subprime lenders foreclosing on those “faces of poverty”…
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.
Two Americas, indeed.