What Edwards Learned About The Poor

Edwards appears to perform the same type of due dilligence before accepting a job offer as he did when he first hired a couple of Left Wing bloggers. Can we now conclude he lacks the judgment to be President, especially if he wants to spend a trillion dollars the government doesn't have? Or does he have some predatory lenders lined up to handle that, too?

Edwards said yesterday that he was unaware of the push by the firm, Fortress Investment Group, into subprime lending and that he wishes he had asked more questions before taking the job. The former senator from North Carolina said he had asked Fortress officials whether it was involved in predatory lending practices before taking the job in 2005 and was assured it was not.

"Those are the things I remember," he said. "They may have told me more." Had he learned that Fortress owned a loan servicer with a history of predatory lending practices, he said, "I would have asked some very specific questions about it."

Comments

[Fred Beloit]

This is quite believable. I always used to ask the companies with whom I interviewed if they were engaged in predatory lending. I also asked them whether they embezzled money from the stockholders, whether they engaged in discriminating against any groups, whether their advertising contained any exaggerations, and whether they were causing global warming. I wonder why I was rarely offered a job?

[Dan Riehl]

Far as I know, you aren't running for President one day, though it would be quite a hoot.

[Fred Beloit]

That wouldn't be a hoot; it would be a cataclysm.

[gmax]

Yeah he didn't inhale either.

[gmax]

And he most certainly did not have sex with that woman.

[ec1009]

but he will he answer whether or not he ever snorted coke in the seventies.

[JohnStodder]

Also, lending institutions generally don't have a Department of Predatory Lending. But you can assume if they make sub-prime loans that they cover their bet by taking a firm grasp of the borrower's assets, firm like a farmer's grip on an udder.

This "I was fooled" response is starting to remind me of Mitt Romney's father, who claimed he was "brainwashed" by the generals about Vietnam. That claim killed his 1968 campaign.