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John Edwards Hits the Street

Z

zendari

Banned

Text

The 2004 Democratic candidate for Vice-President joins Fortress Investment Group, where he will serve as a part-time global dealmaker


Wall Street has long provided a soft landing for out-of-work pols. But increasingly, the revolving door leads to private investment firms. The Street's latest recruit: John Edwards, the ex-North Carolina senator and Vice-Presidential standard bearer for the Democratic Party in the 2004 elections.

BusinessWeek has learned that Edwards has signed up to work for the New York-based private investment concern Fortress Investment Group as a part-time senior advisor. As such, he will be "providing support in developing investment opportunities worldwide and strategic advice on global economic issues," says Edwards spokesperson Kim Rubey. Fortress declined to comment about hiring Edwards, who teamed up with Massachusetts Senator John Kerry in a losing bid against President George Bush and Vice-President Dick Cheney last year.



There are 2 Americas, you say? Which America does John Edwards consider himself a part of?
 
He never said he was poor, he was just speaking for and working on behalf of the powerless, something Repugs know nothing about.
 
Originally posted by: Todd33
He never said he was poor, he was just speaking for and working on behalf of the powerless, something Repugs know nothing about.
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That's not really fair. You are forgetting that the Republicans come up huge for Terri Schiavo and disenfranchised fetuses.
 
Originally posted by: DevilsAdvocate
Originally posted by: Todd33
He never said he was poor, he was just speaking for and working on behalf of the powerless, something Repugs know nothing about.
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That's not really fair. You are forgetting that the Republicans come up huge for Terri Schiavo and disenfranchised fetuses.
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LMAO. :thumbsup:

I know there must be a point to this thread...
 
In all fairness, John Edwards made every penny he now has (and he's a very wealthy man). IIRC he comes from a very modest background, and was the first member of his family to go to college.
 
Originally posted by: DonVito
In all fairness, John Edwards made every penny he now has (and he's a very wealthy man). IIRC he comes from a very modest background, and was the first member of his family to go to college.
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Let's not bring details into this thread. Certain member(s) in this thread might get a headache.
 
Originally posted by: DonVito
In all fairness, John Edwards made every penny he now has (and he's a very wealthy man). IIRC he comes from a very modest background, and was the first member of his family to go to college.
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Sounds like one of Edwards' campaign commercials.
 
Originally posted by: Pabster
Originally posted by: DonVito
In all fairness, John Edwards made every penny he now has (and he's a very wealthy man). IIRC he comes from a very modest background, and was the first member of his family to go to college.
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Sounds like one of Edwards' campaign commercials.
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What are you implying? It's true. As I asked yesterday, is there EVER a non-trolling point to your posts?

I find it ironic that the same people who accuse "the left" of "class envy" are not only implying there's something wrong with John Edwards being wealthy, they're not even willing to acknowledge that he made the money himself.
 
Originally posted by: DonVito
In all fairness, John Edwards made every penny he now has (and he's a very wealthy man). IIRC he comes from a very modest background, and was the first member of his family to go to college.
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Woah, I thought the only way to become rich was to hope and pray that the already wealthy would allow some of their wealth to trickle down upon you.
 
Originally posted by: DonVito
I find it ironic that the same people who accuse "the left" of "class envy" are not only implying there's something wrong with John Edwards being wealthy, they're not even willing to acknowledge that he made the money himself.
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Yeah we should all feel sorry for Edwards. Get a grip. So he "made" the money himself. So what? Millions of others did as well. Doesn't single them out for anything special.

And some would question how ethical the money garnered by a trial lawyer really is.

Edwards tried to come across as an average Joe and it failed miserably.
 
See this is the difference between Libertarians and Conservatives (presumably Republicans) like Pabster.

Libertarians believe in earning money the hard way, by working.
Republicans believe in earning money the old fashioned way, inheriting it.

😀

Originally posted by: Pabster
Originally posted by: DonVito
In all fairness, John Edwards made every penny he now has (and he's a very wealthy man). IIRC he comes from a very modest background, and was the first member of his family to go to college.
Click to expand...

Sounds like one of Edwards' campaign commercials.
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Hey, if Pabster can troll, so can I!
 
Originally posted by: Pabster

Yeah we should all feel sorry for Edwards. Get a grip. So he "made" the money himself. So what? Millions of others did as well. Doesn't single them out for anything special.

And some would question how ethical the money garnered by a trial lawyer really is.

Edwards tried to come across as an average Joe and it failed miserably.
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Who said we should feel sorry for him? The only reason for Zendari's vacuous post (which was still far less vacuous than your own) was to imply there was something wrong with Edwards' wealth, and there's not, right?

There are not "millions of others" who have achieved Edwards' level of wealth from nothing. He went from ground zero to having tens of millions of dollars though hard work and talent. There simply are not millions of other Americans who can say the same.

Anyone who would question how ethical Edwards' income is, in my view, crazy. I am a defense attorney, but he is the kind of plaintiff's attorney I respect. He chose his cases well, and genuinely helped his clients. Do you feel his wealth was gained unethically? Do you think that, say, Harriet Miers gained her personal wealth unethically? What about Dick DeGuerin?
 
I'm not sure that I'd characterize Edwards as "very wealthy", Don Vito- I doubt that his net worth is a tenth of that needed to get into the Forbes 400...

I hope he likes his new position- highly successful people are often driven by the need to work, and to contribute to something, somehow...

One thing's for sure- he wasn't getting a job as a lobbyist, the new sacred home of Repub cronyism...
 
Originally posted by: Jhhnn
I'm not sure that I'd characterize Edwards as "very wealthy", Don Vito- I doubt that his net worth is a tenth of that needed to get into the Forbes 400...
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I don't know your background, but I'm a public-school kid. Anyone with $40,000,000 in the bank is very wealthy as far as I'm concerned.


 
Originally posted by: zendariThere are 2 Americas, you say? Which America does John Edwards consider himself a part of?
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There's nothing wrong with getting rich. What matters is how you get there and what you do with it once you do.

Edwards has a long, documented history of defending those in need.

Are you jealous? Tell me you've done anything on that scale, and I might respect what you've done, regardless of how little respect I have for your political or social views.
 
I like John Edwards and respect him, but why he didn't call out Cheney for that blatant lie in the VP debate I have no idea.
 
Originally posted by: Harvey
There's nothing wrong with getting rich. What matters is how you get there and what you do with it once you do.
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True. Nothing wrong with being rich. Only thing that matters is how you got rich and what you do with your money once you have it.

I have far more respect for people that earn their money, specially those who do so without stepping over the bodies of others to get it, than I have for those who inherit it and use it unwisely, or those who earn it by being dishonest.
 
Originally posted by: JackStorm
I have far more respect for people that earn their money, specially those who do so without stepping over the bodies of others to get it, than I have for those who inherit it and use it unwisely, or those who earn it by being dishonest.
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Those born to wealth had nothing to do with how they got that way so you can't hold it against them. It still gets down to whether you can keep your humanity and do good with your good fortune.
 
Originally posted by: DonVito
Originally posted by: Jhhnn
I'm not sure that I'd characterize Edwards as "very wealthy", Don Vito- I doubt that his net worth is a tenth of that needed to get into the Forbes 400...
Click to expand...


I don't know your background, but I'm a public-school kid. Anyone with $40,000,000 in the bank is very wealthy as far as I'm concerned.
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I've heard estimates of up to $60-80 million, but that's not really the point.

As for the original post, so what? Edwards never denied his wealth, nor did Kerry. (Kerry even made a stupid joke about it in one of the debates) But their message isn't somehow less meaningful.
 
Originally posted by: Harvey
Those born to wealth had nothing to do with how they got that way so you can't hold it against them.
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Of course it isn't their fault if they're born into money. Which is why I said "and use it unwisely". Not everyone born into wealth uses it unwisely.

It still gets down to whether you can keep your humanity and do good with your good fortune.
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In a way, yes. Though "doing good" isn't always necessary(Not everyone feels like giving a helping hand). Just so long as you aren't using your money to screw others over(Such as pushing them off the cliff they could have used their own ability to get to the top of).
 
Originally posted by: Pabster
Originally posted by: DonVito
I find it ironic that the same people who accuse "the left" of "class envy" are not only implying there's something wrong with John Edwards being wealthy, they're not even willing to acknowledge that he made the money himself.
Click to expand...

Yeah we should all feel sorry for Edwards. Get a grip. So he "made" the money himself. So what? Millions of others did as well. Doesn't single them out for anything special.

And some would question how ethical the money garnered by a trial lawyer really is.

Edwards tried to come across as an average Joe and it failed miserably.
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Well let's look at other NC and national politicians:
1) Elizabeth Dole became famous b/c she was married to Bob Dole. It basically created every opportunity she's ever had (Labor Sec, Red Cross Pres, Senator).
2) Richard Burr (NC's other senator) has been getting a cash IV infusion from the pharmaceutical lobby for years.
3) George W. Bush became "wealthy" by using his daddy's connections to assist the "taking" of private property (and Arlington taxpayer largess) to produce a stadium for the Texas Rangers.

John Edwards' old man worked in a textile mill for decades. Edwards' worked his way through NC State (pummeled by Clemson tonight). After UNC law, he actually EARNED a living practicing law.
Center on Poverty, Work, and Opportunity
John Edwards is the director of the Center on Poverty, Work, and Opportunity, a non-partisan initiative with the mission of bringing together UNC-Chapel Hill faculty and other national public policy experts to examine innovative and practical ideas for moving more Americans out of poverty and into the middle class.
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Yep, the public school kid from NC is indeed an uncommon man. Alas, the private school turd in the White House is quite common.
 
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