Clinton campaign mgr. Maggie Williams worked for subprime lender

Maggie Williams, the new campaign manager for Sen. Hillary Clinton, earned about $200,000 on the board of a Long Island, N.Y., subprime lender that charged prepayment penalties — a practice that Clinton, as a candidate and 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 last year, according to Securities and Exchange Commission records.

She was originally recruited by former New York City Deputy Mayor Bill Lynch, a Delta consultant. Her assignments were to create a new code of “best practices,” and to improve the company’s crisis management operation in the wake of state and federal predatory lending probes that resulted in a $12-million company payout to borrowers.

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.

The 53-year-old Williams isn't the only Clinton campaign insider who made money from an industry that their candidate boss demonizes on the political trail. A month ago, the Wall Street Journal reported that Clinton ally and former secretary of Housing and Urban Development Henry Cisneros grossed more than $5 million in stock sales and board compensation from Countrywide Financial, one of the nation’s largest subprime lenders.

-- Glenn Thrush

Glenn Thrush writes for the Swamp of the Chicago Tribune's Washington Bureau.

                                                                         Photo Credit: Associated Press

Comments

[PMC]

FCC - PLEASE STEP IN AND SEE THAT THE PUBLIC INTEREST IS BEING SERVED IN THIS ELECTION!
What the MEDIA is not talking about on their political "expert" panels:
Obama took MAJOR contributions from these lenders as well as the Broker houses that sold them! And he is the one running and he is the one saying HE IS GOING TO HELP THE AMERICAN PEOPLE! He took additional contributions directly after his speech last week on the economy and the mortgage (lender) crisis. And we have ALL had enough of the media outlets, especially television, shoving him down our throats and sitting on Ayers, Rezko, Wright, Arab donations to his campaign, Kenyan uncle's election in kenya and all the rest that is NEVER discussed. Many of these viewpoints may not serve the interest of the majority of Americans. They had these stories as MANY Americans were actually voting, but refused to air them. It may have changed the delegate count as is stands now. And they tear Clinton apart on every chance they get! Anything they can find to try and destroy her creditablity . Anything, even though she has dedicated her adult life to helping Americans. They continually have shown her in a negative light while they continually show Obama in a positive light. Where are these stories on Obama? The media has done all it can to INFLUENCE America's decision and I for one have had enough. If the FCC thinks this is OKAY, then there is something wrong! And I plan on contacting Mr. Adelstein with the FCC, who said he cares about "media diversity" and the "public interest." and "well informed citizens". And this is not Fox, Mr. Adelstein, this is MSNBC and CNN and ABC and CBS! But surely your argument goes BOTH ways! So please do something! These are AMERICA's PUBLIC AIRWAVES and it is obscene what the media has done to influence voters and subsequently endorsers in this election! Even asking her to drop out as soon as New Hampshire and continuing this conversation all the way through as AMERICANS try and vote without thinking their vote is wasted! Yet, even TODAY, not only Clinton, but Obama , is UNABLE to win this nomination without Super delegates! This is a sad day in Politics when the media is really INFLUENCING American Elections, the CORE of democracy, by bias reporting hat hedges on obscene. Polls suggesting Obama is winning, and ignoring state by state polls, especially critical states in a General election, that do not reflect this. The BIAS is the worst I have ever seen in the media and it is time for action from the FCC! NOW! PLEASE do something that allows all Americans to FAIRLY hear about the candidate they wish to vote for or against by allowing us the opportunity to be informed. I am tired of having to rely on researching the internet on my time because of the slant, that has now toppled, by the mdia. ENOUGH! If others share this viewpoint, please contact Jonathan Adelstein. As per his bio, he stands for media diversity and the public interest! We need your help.

[What's in your wallet ?]

It seems Maggie was not part of the problem but rather part of the solution. Her service resulted in 12 M beeing
returned to borrowers while the other guy was pulling
for that unscrupulous slum lord in Chicago when he was
not busy listening to his pastor's hate speeches or
conspiring with Soros and moove on org to fanaticize the
poor misguided left leaning younger generation.

[Photo Police]

Dear Glenn Thrush
Surely you must have a less euphoric looking picture of
Maggie. This one makes her appear like a creature out of
a beating of the swamp.Perception in politics is like,very
important (and that is why you chose this Photo).The
next Photo wich just happens to be a smiling one of the
other side, demonstrates in a dramatical way,whose side
your on.

[DH]

No one knows who is backing Clinton. I suspect she is bought and owned by Wall Street lobbyists.

[mageduley]

Wow, Hillary supporters are really detached from reality.
The reason that the media doesnt follow all of the so called "scandals" that you are bringing up is because they are FALSE.

Believe me, the media would like nothing better than to scoop up dirt - hence the Rev Wright fiasco.

But they can only broadcast what is certifiably true.

If it is not true and only rumors posted on the Hillary webistes, well it doesnt make news...sorry.

If any other candidate has lost as much as Clinton has, she would have been gone way before this. But because she is a Clinton, she is viewed as a viable candidate, even though the delegate count shows it is a mathematical certainty she will lose, and her finances are in the red.

Bias, against Hillary? Please. If anything they are keeping her campaign alive by the publicity.

[gary h]

As with the other background information on Maggie Williams, we are not likely to see this on the front page of the LA Times, are we?

I reflect back on the bold and volumnous glowing coverage, ignoring the negatives in the past, in pieces such as "Clinton has a truth-teller in new campaign manager", by Maura Reynolds, Los Angeles Times Staff Writer, on February 16, 2008

[gary h]

note to photo police. It's my educated guess that the picture is a file shot of Maggie Williams, probably during testimony in front of a Senate Committee. She, a former assistant to Bill Clinton and then on Hillary's staff, was caught up it potential cover-up schemes regarding the Whitewater investigation, and illegal soft money contributions from the China folks - Riady, Chung, Huang, etc. She did pass lie detector tests, however. From the NY Times, in 1997, "Maggie Williams's palming of a $50,000 check is praised as artful handling of a strained social situation."

[harriet irby]

Still waiting on Media coverage of Obama/Rezkos side-by-side real estate deals.
Still waiting on the "change candidate's" revelation that his cosultants are same-old Washington DNC,DCCC ,DSCC boys as Hillary's are. Still waiting on Obama's oligations to big Pharma to be adequately discussed. No universal.health care for you gramps!
That's really what this campaign is about. The so-called "change candidate will not deliver, folks