Wednesday, May 30, 2007
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
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