This article ran buried in Yahoo News yesterday:
"WASHINGTON On the campaign trail, Democrats Hillary Rodham Clinton and Barack Obama have proposed cracking down on the predatory lending that they say helped fuel the foreclosure crisis.
Both presidential candidates, however, rely on close advisers who had oversight roles at financial institutions that went bust because of subprime loans.
Clinton's campaign manager, Maggie Williams, earned at least $175,000 serving from 2000-07 on the board of Long Island-based Delta Financial, which filed for bankruptcy last year after a history of high-cost loans to low-income borrowers, according to public records.
Obama's national finance chairwoman, Penny Pritzker, was chairwoman of the board of a Chicago-area bank in 1993 when it adopted a subprime business strategy that regulators say ultimately led it to collapse in 2001.
Superior's board and managers "ignored sound risk-management principles and failed to adequately oversee Superior's operations," the Federal Deposit Insurance Corporation's (FDIC) Inspector General concluded in 2002."
Come to think of it. This is not very funny. Neither are four eyed frogs.
Posted by Dread from beneath the Carolina Moon.