Send a Tweet
Most Popular Choices
Share on Facebook 3 Share on Twitter Printer Friendly Page More Sharing
Exclusive to OpEd News:
OpEdNews Op Eds   

Wash-Post Frivolously Connects John Edwards to US Woes

By       (Page 1 of 1 pages)   No comments
Follow Me on Twitter     Message Dean Powers

A major newspaper connected the role of a top-tiered Democratic presidential candidate at a hedge fund with the ruined lives of millions of Americans.

On Friday, the Washington Post painted John Edwards in a picture of contradiction and hypocrisy. Noting his brief stint as a senior advisor to the investment firm Fortress Investment Group, the article reported that the former North Carolina senator became a "major player in the high-risk mortgage sector Edwards has pilloried in his presidential campaign."

Major? Major indictments from a windy paper. The Post ought to be cited for reckless and negligent operation of an adjective.

Before Edwards was hired there in 2005, Fortress owned a whopping 4 percent holdings in Green Tree Servicing LLC, a subprime lending firm. Subprime lending targets buyers with poor credit history, and it often charges higher interest rates or hidden rate hikes. Four percent!

Ninety-six percent of the company's portfolio had nothing to do with subprime lending. When compared with investment firms whose portfolios consist of 50-90 percent holdings in subprime and predatory lending firms, Fortress looks like a saint.

I'm not rushing to defend investment firms, almost all of whom benefit from world-wide inequality and injustice. I'm simply questioning the motives and discretion of the Washington Post.

The Post is splashing "major" indictments against Edwards all over its front pages. Last month the Post "discovered" that Fortress is using the types of offshore tax breaks Edwards has criticized as a presidential candidate.

This article tries to rub Edwards's nose into the woes of this country. "Largely as a result of the rise in subprime lending and the cooling housing market," the Post laments, "home foreclosure filings rose to 1.2 million in 2006, an increase of 42 percent."

"That's your fault John Edwards," the Post seems to scream. "It's your fault that the predatory loan business ever began. It's your fault, and you can't try to fix it because we won't let you forget that you created the problem in the first place. You forced all those poor families out of their homes! How could you do that?"

The Washington Post should focus on the real causes of America's woes. We have a vice president shelling millions of dollars worth of tax payer money into Halliburton, a company he formerly ran. We have rampant free trade deals moving American jobs offshore. We have a broken health care system and a fast commitment to global warming.

These woes have worsened on the watch of former Republican majority politicians who are not John Edwards.

Rate It | View Ratings

Dean Powers Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Dean Powers lives in Castleton, VT. He has apprenticed at several newspapers including The Nation. He currently writes for OpEdNews. He can be found at

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
   (Opens new browser window)

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

XRay Naked Pics for "Officer in Remote Location"

Kate Winslett Tears Up Over Global Warming at Oscar's

Limbaugh Watch: Palin Pregnancy Talking Points

"He'd better..." Grassley Snarls About Obama...Wouldn't Fly at This Redneck's Keg Party

"Drill (Me), Baby, Drill (Me)" Sex, Drugs, Big Oil Scandal

Limbaugh, Hannity: Blame Democrats For "Free Market" Failure

To View Comments or Join the Conversation:

Tell A Friend