Today the Washington Post reports that the hedge fund which employed Edwards and which bundled contributions to him is engaged in the subprime mortgage market which is devastating The Other America which as head of the Poverty Center Edwards claims to care about.
Tom Maguire thinks Edwards is remarkably incurious:
So let's see - he wanted to learn about the link between financial markets and poverty, but forgot to ask the follow-up questions about his employer's involvement in sub-prime lending. His curiosity failed him at a critical juncture, on might say,
Jiminy - Edwards voted for war in 2002 on the basis of faulty intelligence, took a job in 2005 on the basis of faulty intelligence - when does he start with the tough follow-up questioning.
Adding to the irony, or rather utter hypocrisy, of the situation is that Edwards, he of the bazillion square-foot mansion, is campaigning on the idea of "Two Americas." Presumably the one he inhabits versus the one the rest of us live in. When he, or one of his minions using his name, blogged over at TPM this is what he had to say:
First, we need to help families fight financial rip-offs. Low-income households sometimes pay thousands of dollars more for the same mortgage. The head of Fannie Mae once said that as many as half of families who are getting subprime mortgages could actually qualify for prime mortgages-they're steered to where they have to pay more. The Center for Responsible Lending, based in Durham, North Carolina, finds that predatory lending costs families $9.1 billion per year. We need a strong national law to stop predatory lending-to stop outrageous points and fees and deceptive terms that drain equity and cost families more every month. Paul Sarbanes has an excellent proposal to go in the right direction; unfortunately, some members of the House are pushing bills that sound good on the surface but will actually take a step backward.
It's time for one of the more skillful liars in the pack to take his place in the pantheon of Dem presidential contenders.
Thomas Lifson adds:
If we take Edwards at his word, do we want a president who fails to ask obvious questions of bureaucrats, who is so incurious about the deeper details that he is easily bamboozled? Either he is a liar or an incompetent. There are no third options.