I guess it’s time for Elizabeth to go and defend her hubby again. This is huge:

“As a presidential candidate, Democrat John Edwards has regularly attacked subprime lenders, particularly those that have filed foreclosure suits against victims of Hurricane Katrina. But as an investor, Mr. Edwards has ties to lenders foreclosing on Katrina victims.

The Wall Street Journal has identified 34 New Orleans homes whose owners have faced foreclosure suits from subprime-lending units of Fortress Investment Group LLC. Mr. Edwards has about $16 million invested in Fortress funds, according to a campaign aide who confirmed a more general Federal Election Commission report. Mr. Edwards worked for Fortress, a publicly held private-equity fund, from late 2005 through 2006.

Asked about the matter, Mr. Edwards yesterday pledged that he would personally provide financial assistance to New Orleanians who are facing foreclosure by Fortress-affiliated businesses or have lost their homes already. “I intend to help these people,” the former North Carolina senator said.

He also promised to cleanse his portfolio of any investments that may be profiting from their losses. “I am going to divest” from any Fortress funds that have a stake in the subprime lenders that filed the foreclosures, he said in a telephone interview. “I will not have my family’s money invested in these firms.”

Mr. Edwards didn’t give details on how or when he was going to proceed, either to alter his holdings or to aid borrowers. He said he plans to begin making amends to New Orleans homeowners first by contacting them and “seeing where they are in the process.” He said his help may come from his own cash or in collaboration with a charity that specializes in repairing homes. The foreclosures, Mr. Edwards said, “run counter to what I’m about.”

What Edwards is about is “MONEY”. Always has been. Not that making money or having it is bad, I’m as capitalistic as the next convervative. But Edwards is just another example of the myth that “Democrats are champions of the Poor”.

No doubt the media will not follow up on Edwards to see him actually calling homeowners in New Orleans - personally - to help them out. Besides you just don’t “divest” 16 million dollars without serve consequences in the old portfolio.

But as I said, Edwards is just another example of the myth of Demcorats knowing how people “feel” in poverty. The fact is that most of the millionairs in politics are Democrats. Again, not a bad thing, but then if they really believed in what they say they could put their money where their pocketbook is.

If Edwards is really seriously sorry he could take that 16 million and spit it among the 34 homeowners he helped kick out into the street. Even at fuzzy math that’s $500,000 per household. That would more than pay for their homes, and perhaps then he could show us what he’s “all about”.