"Great news, borrowers- I got Maggie Williams on my team!!!"
It sure is reassuring to know that Hillary Clinton wants to crack down on those predatory lending companies that have been taking advantage of borrowers who have tried to buy houses they couldn't afford. To me, this issue raises the question of how much the government should involve itself in protecting people who make unwise financial decisions in their lives (I sort of go along with McCain on this issue.)
Now comes the revelation that Clinton campaign boss, Maggie Williams, was, from April 2000 to December 2007, on the board of directors of one of those very companies, Delta Financial Corp. (The company is now bankrupt.)
According to Newsday, which is reporting the story, Williams was hired in order to "create a code of best policies and improve the company's crisis management operation in the wake of state and federal predator lending problems that resulted in a 12 million dollar payout to borrowers". She reporedly was paid about $200,000 for her services. Also, according to Newsday, Delta engaged in the practice of requiring pre-payment penalties, one of the practices that Clinton has publicly criticized.
In case you have forgotten, Maggie Williams was Chief of Staff for Hillary Clinton during the White House years. It was Williams who was observed cleaning out Vince Foster's White House office when it was learned that Foster's body had been found in a local Washington area park.
That Maggie Williams.
So if I understand this correctly, Hillary is making predatory lending companies a cause celebre of her campaign-even while her new campaign manager was until recently on the board of directors of one of those very companies that the senator is condemning.
So this looks like just another typical Clinton revelation so commonplace when you are dealing with people as fundamentally corrupt and dishonest as the Clintons. Another case of what goes around comes around-and back around again and again.
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