Janus, the Roman God of doors, is often depicted with two heads looking in opposite directions. That may be a great new name for The Breck Girl, The Silk Pony, John Edwards. He expects people to believe this bit of double talk.
Democratic presidential candidate John Edwards, who has called homeownership “the foundation of the American dream,” said Friday he will divest his holdings in funds linked to lenders that have foreclosed on Hurricane Katrina victims.
“I will not have my family’s money involved in these firms that are foreclosing on people in New Orleans,” he told the Associated Press.
[...]
“My reaction is I’m going to help these people,” Edwards said in a telephone interview. “I just learned about this. I don’t know the details, I will find out and I will find a way to help them.”
I understand that many people, including politicians, have investments in funds with wide reaching portfolios over which they exert no control. If that were the case here I wouldn’t even be writing this post.
However, believing that he “just learned about this” severly strains credibility.
Edwards worked part-time for Fortress Investment Group, getting paid $479,512. He and his wife also had $2.7 million to $8.5 million invested in a Fortress subsidiaries, according to ranges listed in his personal financial report. And Fortress executives have donated generously to his presidential campaign — company employees have donated more than $150,000 toward his candidacy during the first six months of the year.
And it’s not just New Orleans, as Captain Ed notes:
Edwards has conducted a “poverty tour” as part of his campaign this year, emphasizing his Two Americas theme. One of the stops was in Cleveland, where he walked a neighborhood particularly affected by foreclosures. He told reporters, “This is not complicated, this is wrong,” as he walked the streets, but the WSJ did some checking afterwards– and four of the foreclosures came from Fortress Investment lenders.
Apparently it’s more complicated than Edwards knows.
Remember this the next time Edwards attacks “shameful lending practices”. His own firm, the one who used his consulting to operate and acquire companies like Nationstar, conducts those same practices. Will Edwards return the $150,000 in contributions to Fortress managers who run these lenders? Will he return to that Cleveland neighborhood and apologize for his hypocritical posturing on their streets?
And will Edwards finally get seen for what he is — an ambulance chaser, a poseur, and a fraud?
His two Americas theme begins to make sense when you look at his Janus styled approach to issues. What’s worse than, “an ambulance chaser, a poseur, and a fraud”? A two faced Janus of an ambulance chaser, a poseur, and a fraud. Or perhaps the “J” can be dropped as well.
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