In April, when John Edwards announced his plan to fight predatory lending, he charged that the increase in subprime mortgages in recent years had contributed to last year`s 42% rise in foreclosures, which are "devastating communities." This month, Mr. Edwards revealed that he had holdings worth more than $11 million in Fortress Investment Group, a $30 billion hedge-fund operator, involved in sub-prime lending.
Read Original at: Washington Times