Edwards invests in forecloser

John Edwards, the candidate who has stacked his campaign on fighting poverty, was embarrassed once again last week by John Edwards the multimillionaire.

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Edwards, who declared his candidacy from the decimated Ninth Ward of New Orleans, and who has repeatedly criticized foreclosures on mortgages held by victims of Katrina, is a major investor in Fortress Investment Group, one of the companies foreclosing.

When confronted on the issue by the Wall Street Journal, Edwards promised to clear his portfolio of the investments. “I will not have my family’s money invested in these firms,” he said.

The Journal identified 34 New Orleans homes facing foreclosure actions by Fortress. Edwards worked as an adviser to the company in 2005-2006.

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