Who better to help Hillary solve our home lending crisis than a person who sits on the board of a bankrupt 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 nation’s once-largest and now-bankrupt sub-prime mortgage lenders.
Clinton Communications Director Howard Wolfson told FOXNews.com late Sunday that Williams, a longtime Clinton ally, didn’t join Clinton’s Democratic presidential campaign as a volunteer until after Delta Financial Corporation — for which Williams is a director — went bankrupt in December 2007.
That’s more than seven years after Williams joined New York-based Delta Financial in 2000. She became a director one month after a federal settlement was reached with the lender over discriminatory lending practices. More recently, Delta has been accused by consumer advocates of pursuing predatory practices throughout the housing boom and bust.
As of September 2007, Williams owned 12,500 shares of Delta’s common stock, and by 2007 had earned at least $175,000 for her board obligations, according to company filings available in the Securities & Exchange Commission online database.
I guess nobody at Clinton, Inc thought to ask, huh?
In Obama’s failure to anticipate that Wright might be a problem and Hillary’s hiring Maggie Williams away from a bankrupt lender we can see a certain pattern emerging about both Democratic candidates – they’re both incompetant managers. No surprise, really – neither of them has ever had to produce an actual result in a day’s work. All they have are words – poll-tested, focus-grouped highly polished words which are designed to prevent the communication of actual information. Given their absolute lack of real world experience, we can expect that either of them – installed in the White House – will just make one after another management mistakes. This is not a supposition – its a promise; they don’t know what they are doing, and will be playthings in the hands of those in their Administration who do know what they are doing.
And the really scary thing? One of them might very well win in November.
Blogs For Victory 