Clinton Campaign Insiders And Subprime Lending

The Chicago Tribune is reporting that, although Hillary Clinton is now attacking subprime industry lending practices, some key people in her campaign have profited from participation in the industry:

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.

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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.

From Walmart board of directors  to subprime financing the Clinton campaign has an interesting history on issues that matter to working men and women and their families.   Unfortunately Walmart Hillary and Subprime Maggie and Henry have been on the wrong side of that history.