You’ve gotta love John Edwards, for in his own mind he must believe that he still lives in the 19th Century when news travels so slow that you can say one thing to one group and something completely antithetical to another without either of them hearing of the other before an election.
Previously he opined about “other” Democratic candidates taking monies from News Corp.
Apparently he figured his own profiting off of News Corp would go unnoticed...IT DIDN’T. In fact, one of News Corps house organs (the New York Post) made sure of it.
Still, you’d think that Uber-Capitalist, john Edwards would realize the futility of his attacking “greedy Capitalists,” like himself. See, when you parody yourself like that, most people prudently presume your tongue is planted firmly in cheek.
A few months ago, Edwards explained his raking in millions from his stint managing a Hedge Fund as “trying to better understand the chasm between wealth and poverty.”
Previously he opined about “other” Democratic candidates taking monies from News Corp.
Apparently he figured his own profiting off of News Corp would go unnoticed...IT DIDN’T. In fact, one of News Corps house organs (the New York Post) made sure of it.
Still, you’d think that Uber-Capitalist, john Edwards would realize the futility of his attacking “greedy Capitalists,” like himself. See, when you parody yourself like that, most people prudently presume your tongue is planted firmly in cheek.
A few months ago, Edwards explained his raking in millions from his stint managing a Hedge Fund as “trying to better understand the chasm between wealth and poverty.”
.
OK, what better way to do that, then raking in millions in Hedge Fund profits?
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And more importantly, what better way to better understand what side of the wealth/poverty divide one wants to be on?
.
Now it turns out that Edwards has profited off of a hedge fund tied to subprime lenders who foreclosed on victims of Hurricane Katrina. Now there's nothing at all wrong or illegal about that. Hypocritical, yes, illegal...no.
It seems, Edwards, who has denounced such lenders, invested $16 million of his $30 million in assets in Fortress Investment Group. The Wall Street Journal reported that 34 New Orleans homeowners struggling to overcome Katrina's aftermath faced foreclosure suits from sub-prime-lending units of Fortress.
A spokesman for the Edwards campaign said he didn't know how quickly Edwards would be able to divest the controversial funds. Of course, not! There’s some serious profit and loss considerations at stake here!
The spokesman also declined to say whether Edwards would give back the adviser's fee or the campaign contributions. Uhhh, for all those wondering, that "no comment," is a resounding "NO."
Ironically enough, Edwards has made the plight of Katrina victims a recurring theme of his bid for the Democratic nomination. He even chose New Orleans to kick off his campaign in December, when he vowed to help poor residents recover from Katrina. In April, he returned to the city to promote his plan to end the "shameful lending practices" of subprime-mortgage firms.
Asked yesterday if his investments damaged his image as a poverty fighter, Edward's said: "No. Everyone knows I am completely committed to eliminating poverty in this country."
Me TOO!
I’m completely committed to eliminating poverty (my own family's) in this country...I can only presume that’s what John Edwards means too – he’s completely committed to eliminating the Edwards’ family poverty in this country.
Come on John, you’re a Capitalist and a good one, just revel in it and stop embarrassing yourself with all the anti-capitalist talk!
.
And more importantly, what better way to better understand what side of the wealth/poverty divide one wants to be on?
.
Now it turns out that Edwards has profited off of a hedge fund tied to subprime lenders who foreclosed on victims of Hurricane Katrina. Now there's nothing at all wrong or illegal about that. Hypocritical, yes, illegal...no.
It seems, Edwards, who has denounced such lenders, invested $16 million of his $30 million in assets in Fortress Investment Group. The Wall Street Journal reported that 34 New Orleans homeowners struggling to overcome Katrina's aftermath faced foreclosure suits from sub-prime-lending units of Fortress.
A spokesman for the Edwards campaign said he didn't know how quickly Edwards would be able to divest the controversial funds. Of course, not! There’s some serious profit and loss considerations at stake here!
The spokesman also declined to say whether Edwards would give back the adviser's fee or the campaign contributions. Uhhh, for all those wondering, that "no comment," is a resounding "NO."
Ironically enough, Edwards has made the plight of Katrina victims a recurring theme of his bid for the Democratic nomination. He even chose New Orleans to kick off his campaign in December, when he vowed to help poor residents recover from Katrina. In April, he returned to the city to promote his plan to end the "shameful lending practices" of subprime-mortgage firms.
Asked yesterday if his investments damaged his image as a poverty fighter, Edward's said: "No. Everyone knows I am completely committed to eliminating poverty in this country."
Me TOO!
I’m completely committed to eliminating poverty (my own family's) in this country...I can only presume that’s what John Edwards means too – he’s completely committed to eliminating the Edwards’ family poverty in this country.
Come on John, you’re a Capitalist and a good one, just revel in it and stop embarrassing yourself with all the anti-capitalist talk!
