Clinton campaign manager was director for failed subprime lender, the kind Clinton seeks to elminate

[jefferson_dem]

Clinton campaign manager was director for failed subprime lender
Posted at 7:00 PM
by Glenn Thrush

Hillary Rodham Clinton’s campaign manager, Maggie Williams, earned about $200,000 on the board of a Long Island subprime lender that charged prepayment penalties — a practice that Clinton, a critic of the subprime industry, now seeks to eliminate.

Williams, who took over the reins of Clinton’s campaign in early February, served as a director on the board of the Woodbury, N.Y.-based Delta Financial Corp. from April 2000 until the firm declared bankruptcy in December, according to Securities and Exchange Commission records.

She was originally recruited by former New York City Deputy Mayor Bill Lynch, a Delta consultant. Her assignments were to create a new code of “best practices,” and to improve the company’s crisis management operation in the wake of state and federal predatory lending probes that resulted in a $12 million payout to borrowers.

Her hiring coincided with stepped-up Delta outreach efforts in minority communities, where the company made a large number of its loans, an initiative that included parties for homeless children and mortgage seminars in Brooklyn and Queens.

Williams, 53, isn’t the only Clinton insider who made money from an industry the candidate has demonized. A month ago, The Wall Street Journal reported that Clinton ally and former HUD secretary Henry Cisneros grossed more than $5 million in stock sales and board compensation from Countrywide Financial, one of the nation’s largest subprime lenders.

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http://weblogs.baltimoresun.com/news/politics/blog/2008/03/clinton_campaign_manager_was_d.html#more

[jakem]

1. oops.

[papau]

26. Like folks have forgotten Obama's wife's sudden wage change on his election - or her directorship

of a Walmart major supplier that had/has major labor violations.

But smear away folks - this kind of posting invites the same going the other way - and then both candidates drop relative to McCain.

[Yael]

2. Lovely

[40ozDonkey]

3. Bring back Patti Solis-Doyle!

:rofl:

[zulchzulu]

9. I wonder if she had anything to do with releasing this...

[pocoloco]

4. Business as usual!!

[zulchzulu]

5. SEXIST11!!

Kidding...

Hmmm...interesting little story...

[jefferson_dem]

13. Standard-faire for seamy ClintonInc...

Have you recovered from last night's defeat of the big red Bucky Badgers? No offense, but it's kind of nice to see Davidson in there.

[zulchzulu]

24. Not a big hoops fan...but a couple pals were bummin'

Bucky went pretty far... young team too...

:hi:

[lapfog_1]

6. To me, this is far more evil than going to sermons by

Rev. Wright.

[BeatleBoot]

7. And Tony Rezko is a slumlord

[bunnies]

10. lmao.

Divert! Deflect! Duck and Cover!!!!

[BeatleBoot]

14. No not at all

In 8 months, Ralph Nader will have a higher approval rating among Dems than this empty suit.

Guaranteed.

[bunnies]

17. Im sure you'd be jumping for joy if that were the case...

but its never going to happen.

You dont actually think a cult would leave its leader... do you?

[BeatleBoot]

19. Isn't the Haley Bop Comet coming around again soon?

Grab those new sneakers and put on the purple shirt.


"Splish, splash, I was Jim Jones" - Iggy Pop

[Forkboy]

22. Stunning in it's stupidity. Seriously..maybe the dumbest comment I've ever seen here.

[jefferson_dem]

18. I only have one DUer on ignore and it's the one you are responding to.

I can only imagine the nonsensical spew that's coming your way. :puke:

[BeatleBoot]

20. Ah, Ignore

Root word Ignorare - to not know.

Shakespeare character: Ignoramus

[anonymous171]

11. Fortunately, Rezko is not on Obama campaign.

[BeatleBoot]

15. And either is Pastor Jeremiah Wright

:rofl:

They told both of them to sit down and shut up. At least until Thanksgiving.


:rofl:

[anonymous171]

16. I told you! Pastorbating should be done in PRIVATE!

Isn't that good though? Aren't you glad his "hate speech" is being stopped?

[anigbrowl]

21. Lot of difference they're making to the campaign

How long has the Rezko trial been going now, 4 weeks? Where's the big revelations you promised us?

[panader0]

8. When I signed the contract to buy my land years ago

there was no penalty for prepayment. Unfortunately, I was never able to pre-pay jack shit.

[SunsetDreams]

12. oops and there's this one....

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x5300180

[stillcool]

23. Ah...that's why Bill was saying..

the contest between Clinton and McCain would be so amicable.

[bigtree]

25. this looks like she was brought in to help clean up their act

"Her assignments were to create a new code of “best practices,” and to improve the company’s crisis management operation in the wake of state and federal predatory lending probes that resulted in a $12 million payout to borrowers.

Her hiring coincided with stepped-up Delta outreach efforts in minority communities, where the company made a large number of its loans, an initiative that included parties for homeless children and mortgage seminars in Brooklyn and Queens."


This doesn't seem like an effort which should have been 'eliminated'.

And, the Clinton 'ally' thing is ridiculous. Obama has 'allies' too.