[lbo-talk] Edwards, populist

Doug Henwood dhenwood at panix.com
Thu May 17 08:03:47 PDT 2007


<http://www.abcnews.go.com/Politics/TheNote/story?id=3105288&page=1>

For Edwards, the questions have already begun mounting about how he squares his work for Fortress [hedge funds] with his campaign message of championing the poor. As ABC's David Muir points out, while Edwards distances himself from Fortress' sub-prime lending and Cayman Islands tax status, he's still got strong financial ties to the hedge fund, with as much as $7.5 million invested in various Fortress funds -- investment options that are closed to an enormous swath of the public. (And did he really need to cash $40,000 in checks from the University of North Carolina's Poverty Center?)



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