Alana Goodman in today’s Washington Examiner reports that Joe Biden’s son Hunter was associated with a firm that received more than $130 million in financial bailout funds. The firm called Rosemont Capital then set up a fund that was incorporated in the Cayman Islands, presumably for the purpose of avoiding U.S. taxes. From the article:
“This is a great example of the suspicion of many Americans that these bailouts were used to benefit connected insiders while ordinary Americans went broke,” said Tom Anderson, director of the Government Integrity Project at the National Legal and Policy Center, an organization that was critical of TALF at the time.
The bailout program was known as the Term Asset-Backed Securities Loan Facility, or TALF. It was separate from the Troubled Assets Relief Program (TARP) but was part of the same package of actions initiated in 2008 in response to the financial meltdown. TALF was … Read More ➡
Alana Goodman in the Washington Examiner details today how Joe Biden, while a member of the U.S. Senate, twice intervened with government officials in a way that benefited clients of his son Hunter’s lobbying firm. The information contradicts Joe Biden’s repeated assertions that his son’s business activities have always been separate from his official duties.
From the article:
The National Legal and Policy Center, a government watchdog group, said Biden should have avoided involvement with issues that his son’s firm was also lobbying on because of the appearance of conflict.
“It’s implausible Sen. Biden did not know his son’s firm was lobbying on this arcane issue,” said Tom Anderson, the director of NLPC’s Government Integrity Project.
“Sometimes appearances are exactly what they are,” he said. “This is a recurring problem we’ve seen on the Hill, where family members are enriched because of their relationship with a member.”
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