Nationally renowned phony scandal purveyor John Solomon has been trying to stir up trouble about John Edwards' hedge fund ties. I wish people knew more about the particular hedge fund that Edwards was involved with -- Fortress Investment Group. Fortress is solidly Democrat-affiliated. From BusinessWeek in 2005:
During the 2004 Presidential campaign cycle, theemployees political action committee of the company contributed$143,650 to Democratic candidates for Congress and the White House,including $4,000 to Edwards. They gave just $10,500 to Republicansrunning for federal office.
As the former research director of a dorm-room hedge fund (it was thesort of thing that kids started at Harvard during the tech bubble) Ifeel that I'm in good position to explain what hedge funds are andwhy we should have no serious problems with them.
