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Hillary's Campaign Manager Took major $$$$ from Sub Prime Lender
WASHINGTON Hillary Clinton spends considerable time on the campaign trail bemoaning unscrupulous lenders who have left millions of Americans scrambling to keep their homes but all the while her campaign manager, Margaret Maggie Williams, has sat on the board of one of the nations once-largest and now-bankrupt sub-prime mortgage lenders....Delta company officials would not elaborate on Williams role other than to say that like other board members, Ms. Williams served in an advisory and oversight role ...[and she earned over $175k in that role] ... and did not have a role in the day-to-day operations and management of the company. A 2002 annual report, the only one found with this figure, shows Williams attended at least 70 percent of the companys board meetings. Wolfson said Clinton had no involvement in (Williams) joining the board, and Hillarys strong set of initiatives to help homeowners at risk of foreclosure which are the most aggressive and comprehensive in the race speak for themselves. Delta, which declared bankruptcy in December 2007, settled lawsuits with both federal and state regulators in 2000, before Williams era, but has maintained dubious lending practices, allege consumer advocates in New York and Philadelphia. They were one of the worst and most abusive sub-prime lenders in New York City, said Josh Zinner, co-director of the Neighborhood Economic Development Advocacy Project (NEDAP). Posted by: mhw 2008-03-31 |
| http://www.rantburg.com/poparticle.php?ID=235618 |