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Reply #25: Has the Fortress/Green Tree/Centex/Newcastle info made the rounds here? [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
AlertLurker Donating Member (877 posts) Send PM | Profile | Ignore Sun Nov-25-07 09:11 PM
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25. Has the Fortress/Green Tree/Centex/Newcastle info made the rounds here?
Is this OLD NEWS?

I find it just a tad disconcerting, considering his well-publicised stances on the issue of sub-prime and predatory lending, but all the stuff I can find is on HuppPo, WaPo and WSJ.

Is this just RW talking points?

http://online.wsj.com/article/SB118728685546999884.html?mod=hps_us_whats_news

http://www.washingtonpost.com/wp-dyn/content/article/2007/05/10/AR2007051002277.html

http://online.wsj.com/article/SB118728685546999884.html

http://www.huffingtonpost.com/2007/09/27/subprime-lenders-linked-t_n_66115.html

I've been reading that about half of his net worth ($16 million) is invested in these sub-prime lenders / hedge fund management firms...and that he worked for them to the tune of $475,000 / year, as well as took donations of $150,000 from employees of these companies (which I suppose is legal, but may look pretty bad, all things considered).

The allegations are that these firms foreclosed on a shitload of Iowa farmers and Katrina victims...

The articles are from as early as May to Sept...are there refutations (I've already seen the lame "I don't remember" and "I didn't know" quotes) online anywhere? At DU?




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