October 08, 2009 18:55 ET

President Bill Clinton Supports Congressman Brad Sherman at Fundraiser Hosted by Rodeo Realty's Syd Leibovitch

BEVERLY HILLS, CA--(Marketwire - October 8, 2009) - President Bill Clinton was the featured guest at a fundraiser for Congressman Brad Sherman on Sunday, October 4, 2009. The event took place at the home of Linda and Syd Leibovitch, the owner and president of Rodeo Realty, Inc. headquartered Beverly Hills.

"As the owner of the largest single-owner real estate firm in California," said Congressman Sherman, "Syd Leibovitch is not only a supporter, he is also a trusted advisor to me on matters of real estate and mortgage market issues."

President Clinton, in his speech to the more than 350 guests, discussed how Congressman Sherman's involvement on the finance committee puts him in a strong position to fight for changes on Wall Street, stressing that Wall Street can no longer continue doing business in the same way that caused so much damage to the financial and credit markets.

"The rating companies have a vital role in protecting investors," said Leibovitch. "For them to have rated investments AAA, that later went to a zero value, is inexcusable. I support Brad Sherman because he seems to be the only and loudest voice in Congress that will speak up toward holding the rating companies responsible for their actions, which in my view was the major contributor to the mortgage meltdown."

About Syd Leibovitch & Rodeo Realty, Inc.

Rodeo Realty, Inc. was founded in 1986 by President and Broker, Syd Leibovitch. Today the company is the largest single-owner real estate firm in California and the country, with 12 branch offices, nearly 1000 Realtors and annual sales and listings exceeding $3 billion. Leibovitch also owns LA Mortgage and Encore Escrow companies. As a leader in the real estate, mortgage and banking industries he is a frequent expert witness and media consultant.

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