Mike has made a many great contributions but Edwards has been involved in the money trail for laundering stolen homes.
Ron Paul is the only candidate which has addressed cleaning up the whole monetary and lending system and shutting down the IRS and the Fed.
Our stolen assets are funded though the Federal reserve system and laundered and supported by the GSE's Freddie and Fannie Mae Freddie owns a majortity share in Mers and Fannie Mae purchaes these loans.
We have written much here on the forum about our mortages being converted into securites, Mers and multiple title claims.
I fail to see where John Edwards has even begun to adress the fundamental issue of foreclosures for profit. We need to understand why the servicers are foreclosing on our homes and how they profit from the foreclosures before we pick a candidate to stop ms fraud.
These lenders and servicers need to be shut down and the criminals need to go to jail trillions have been looted from this country.
This is a Mafia type operation looting trillions per year and Ron Paul is the only candidate adressing those issues at all. Here an article on Edwards
Edwards Says He Didn't Know About Subprime Push
By Alec MacGillis and John Solomon
Washington Post Staff Writers
Friday, May 11, 2007; A06
The hedge fund that employed John Edwards markedly expanded its subprime lending business while he worked there, becoming a major player in the high-risk mortgage sector Edwards has pilloried in his presidential campaign.
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.
Subprime loans are aimed at buyers with poor credit histories and charge higher rates because of the risks. Some loans carry fees and large rate increases that are hidden from a home buyer.
Largely as a result of the rise in subprime lending and the cooling housing market, home foreclosure filings rose to 1.2 million in 2006, an increase of 42 percent. At the same time, the drop in value of subprime lenders has presented a buying opportunity for investors such as Fortress.
Fortress hired Edwards as an adviser in October 2005, nearly a year after his losing campaign as Democratic vice presidential candidate. At the time, it owned a major stake in Green Tree Servicing LLC, which rose to prominence in the 1990s selling subprime loans to mobile-home owners and now services subprime loans originated by others.
Fortress and its partners bought Green Tree in 2003. According to documents filed with the Securities and Exchange Commission in April, its holding in Green Tree was as high as $492.4 million at the end of 2005 -- 4 percent of Fortress's holdings at the time.
Last July, Fortress expanded its stake in the industry by buying Texas-based Centex Home Equity, a top-25 subprime lender, for an estimated $540 million. In December, Centex Home Equity, now called Nationstar Mortgage, bought the loan-origination division of Champion Mortgage, bringing another subprime lender into the Fortress portfolio.
In March, Newcastle Investment Corp., a real estate investment trust managed by Fortress, announced that it, too, was moving into the subprime market with the purchase of a $1.7 billion loan portfolio. Also in March, Fortress bought about $4 billion in subprime loans from Fremont General Corp.
Edwards said yesterday that he recalls being told at the time of his hiring that some of Fortress's private equity holdings did lend to start-up businesses, which is why he asked about predatory lending practices. But he could not recall whether the firm's partners told him it had a major stake in Green Tree.
"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."
Fortress's growing role in the subprime lending market provides a second contrast between the firm's business practices and the positions Edwards has taken as the presidential candidate who has made poverty a major campaign theme. The Washington Post reported last month that Fortress's partners and its foreign investors benefited from the kind of offshore tax breaks Edwards has criticized as a candidate.
Last month, Edwards announced a plan to fight predatory lending. He said that an increase in subprime loans and predatory mortgages was resulting in a surge of foreclosures that risked "devastating communities," and that "shameful lending practices . . . are compromising our strength as a nation."
Edwards said his role at a company with a growing stake in the subprime industry should not be seen as undermining his commitment to helping the poor. He noted that since the 2004 election, he has founded a poverty think tank, started a charity for poor college students and assisted campaigns to raise the minimum wage.
"If you put it in the context of all those things, it's very clear where my heart is and where my commitment is," he said.
Subprime loans have been particularly prevalent in New Orleans, which Edwards has made a focal point of his campaign. He formally announced his bid in a Katrina-ravaged neighborhood there and returned for a visit last week.
The New Orleans Times-Picayune reported in December 2005 on the problem of subprime loan foreclosures after Katrina, citing as an example Green Tree's effort to hold a 67-year-old hurricane victim in default on her subprime loan for a home two months after it was flooded out. Green Tree general counsel Brian Corey said that case was not representative of the company's practices in New Orleans.
Edwards said he asked Fortress this week to find Katrina victims foreclosed on by Green Tree and to help them. "I said, 'This is not okay that this is happening,' " he said. "I don't know how many cases there are . . . but the right thing is to go back and fix this."
Disclosure forms to be released on Tuesday will show how much Edwards was paid for his work at Fortress, which lasted until December 2006, when he stepped down to run for president. He has received $167,460 in campaign contributions from Fortress employees and their families, his largest sum from a single company.
Edwards, a highly successful trial lawyer before entering politics, said yesterday he went to work for Fortress to learn more about capital markets. He acknowledged the job provided a financial benefit at a time when his only other salary was $40,000 from the poverty center.
"I'm 53 years old and have worked my whole life since I was a teenager, and here I was unemployed except for a part-time job, and so I wanted to work and earn an income," he said. "No question that was part of it."
At the time of his hiring, he said, he sought assurance that Fortress was not involved in predatory lending, union-busting or dismantling companies. His work, he said, involved giving the firm insight into Washington and observing trends he saw while traveling the country. Some months found him at the firm's New York offices for several days, and other months he would not go at all, he said.
In hindsight, Edwards said, he does not regret taking the job. "I guess it's my belief that I did learn something about capital markets that's valuable," he said. "I think it's very important for a president to understand how markets operate."