Hillary Campaign Chief Profited in Subprime Biz

Monday, March 31, 2008 12:14 AM

Hillary Rodham Clinton’s campaign manager raked in a cool $200,000 while serving as a board member on a subprime lender that charged penalties for borrowers who made mortgage prepayments. Clinton is trying to end that very practice.

According to Newsday, Maggie Williams served as a director on the board of the Woodbury, N.Y.-based Delta Financial Corp. from April 2000 until this past December, when the firm declared bankruptcy. She became Clinton's campaign director in February.

Clinton has slammed prepayment penalties.

“I would eliminate the prepayment penalties that lead to such high rates of default,â€