Dems propose cracking down on offshore corporate tax havens

huh.. bush is for overseas tax shelters... WTF... Guess we are all about robbing the poor giving it to the rich...

Here you go Jeepers, your boy will take care of you. Uh-oh looks like Edwards worked for and invests large amounts of money in a hedge fund based in the Cayman Islands.

"""Edwards generated most of his wealth as a trial lawyer, but last year his principal employment was as a senior adviser to Fortress Investment (FIG, news, msgs), a large hedge-fund operator, for which he received $479,512. His and his wife's investment in Fortress Investment Fund III (Fund D) totaled between $1 million and $5 million.

Fortress, based in New York, owns subprime lender Nationstar Mortgage, formerly Centex Home Equity. The Dallas company calls itself "one of the nation's leading mortgage lenders offering nonprime mortgages and home-equity loans."

As a presidential candidate, Edwards has lashed out at subprime lenders, saying they are "pulling a fast one on hardworking homeowners."

Fortress Investment Fund III is based in the Cayman Islands. Edwards' campaign said he opposes offshore tax havens and, "as president, he will end them." """


http://articles.moneycentral.msn.com/Investing/MutualFunds/EdwardsMakingHisMillionsGrow.aspx

As an aside this is a pretty good article. I must give props to Edwards for being a really savy investor (or at least hiring really savy investors on his behalf). I like it.
 
Back
Top