Edwards Linked to Subprime Foreclosures

Just another contradiction between the candidates public statements and his personal financial/business practices:

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 (Charts), a hedge fund and private equity manager, the newspaper said.

Edwards, the former senator from North Carolina, has been a vocal critic of subprime lenders and told the Journal that he would assist homeowners in New Orleans who face foreclosure from businesses linked to Fortress or who have already lost their homes.

As a result only 7 percent of the public buy's Mr.Edwards pro-poor people rhetoric:

Just one in 10 registered voters thinks an Edwards administration would favor the poor. Twenty-four percent say its policies would favor the middle class and about 1 in 5 think it would treat all groups equally. Still, 30 percent think Edwards' policies would favor rich Americans. Views among Democratic primary voters are similar.