Financial Advisor
Julie Stav: independent financial advisor.(The Financial Gurus): An article from: Latino Leaders [H] [T] [M]
Laura Rivas (Digital) Ferraez Publications of America Corp. 2009-04-01
Release date: 2011-04-14
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Answers
Goodness, here's another one....
Excerpts:
As Barack Obama and John McCain battle for the Hispanic vote, a leading Latino backer of Hillary Clinton is crossing party lines to support the Republican presidential nominee.
In an interview Thursday, Miguel D. Lausell, a Puerto Rican businessman and longtime Democratic activist and fund-raiser, came out for Sen. McCain. While he said he doesn't agree with all the policy positions of the Republican candidate and his running mate, Sarah Palin, Mr. Lausell added: "I find McCain to be a sound person and a man with a track record. I know where he is coming from." Mr. Lausell had been a major backer of Bill Clinton and served as a senior political adviser to Sen. Clinton's unsuccessful bid this year for the Democratic presidential nomination.
Mr. Lausell said he feels Sen. Obama "doesn't really regard the Hispanic community as important." Sen. Clinton won a large majority of the Hispanic vote in most primaries, and Latino voters are an important bloc in swing states such as Florida, Nevada and New Mexico. Most polls show Sen. Obama leads Sen. McCain among Latinos.
Mr. Lausell said that as a "lifelong Democrat," this is the first time he has supported a Republican presidential candidate. A Harvard Law School graduate, Mr. Lausell's business career has included a stint as chief executive of the Puerto Rico Telephone Co. and chairman of PonceBank, a large Puerto Rican financial institution. Mr. Lausell once had a position with the Democratic National Committee and served on a national finance board for Al Gore's unsuccessful 2000 presidential run. In 2004, he helped start a nonprofit aimed at boosting Latino turnout for Democrats.
http://online.wsj.com/article/SB12217908 7917055511.html
Gosh, it seems like they're just piling in. What are your thoughts?
Miguel Lausell was impressive. He hit the nail on the head where Obama is concerned. I like to see someone who thinks before deciding to back a candidate.
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For sometime now, popular opinion has automatically blamed the downfall of the housing industry, a.k.a. home foreclosures, on subprime mortgages. It was thought that people, who were high-credit risks, were awarded these mortgages so they could fulfill their American Dream of owning a home, only to later default on their loans. Little was ever talked about how these same people were preyed upon by unscrupulous lenders who cared less if these people could afford their mortgages or not.
Unfortunately, that same public opinion equated high-risk mortgagers as Latinos and other minorities. Yet, a study from the State Foreclosure Prevention Working Group found that more home loans are falling into foreclosure, not from bad credit loans, but from conventional loans.
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