90 Miles From Tyranny : Eight Things to Know About the Biden Family’s Culture of Corruption

Sunday, August 18, 2019

Eight Things to Know About the Biden Family’s Culture of Corruption

The family of former Vice President Joe Biden has earned millions of dollars since the start of his political career, often from dealings with heavy political overtones.

Biden, the frontrunner among 2020 Democrats, often touts his middle-class bonafides on the campaign trail. Although Biden did not become a multi-millionaire until he left the White House in 2017, the same cannot be said of his family. In fact, several members of the Biden clan became immensely wealthy over the span of the former vice president’s 40-year political career.

Breitbart News is providing an in-depth breakdown of a few instances in which Joe Biden’s political career and his family’s financial interests seemed to intersect.

1. Joe Biden’s younger brother, James Biden, secured generous bank loans.

In the wake of Joe Biden’s upset election to the U.S. Senate in 1972, his younger brother James was able to secure a series of generous bank loans to start a Delaware night club.

Although James Biden had no business experience and a net worth of less than $10,000 at the time, he was able to arrange more than $160,000 in start-up capital for the venture. When the nightclub proved to be unsuccessful, generating more than $500,000 of debt by 1975, James Biden and his business partners were thrown a life-line by a Pennsylvania bank that loaned him a further $300,000.

During the same time period James Biden was receiving the extensive lines of credit, Joe Biden was sitting on the Senate Banking Committee, which had purview over the financial sector. A specific jurisdiction of the committee was the Federal Deposit Insurance Corporation (FDIC), which provides bailouts to banks if they should become over-leveraged.

2. Joe Biden’s top campaign contributor hired his youngest son Hunter right out of law school.

Shortly after Joe Biden was reelected to...

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2 comments:

  1. This article doesn't even cover that nasty little Ukraine deal....

    ReplyDelete
  2. Howdy ;) Just stumbled upon this related blog post from Mike that includes a link to that Ukraine deal you’re referring to.
    PS- Some claims to fame are literally out of this world: The first draft of Biden’s bio was so “embellished” it had him in The Metal Detecting Hall of Fame after “unEarth-ing” (before Charlton Heston) The Statue of Liberty.
    And the American flag that Congresswoman Sheila Jackson Lee (D-Houston) actually thought Apollo 11 astronauts left on the surface of Mars? Biden claims he planted it!
    Talk about being “out there” ;)
    More on Biden brags here: Tucker Tackles Biden’s ‘Embellished’ Biography: ‘He Was A Coal Miner’

    ReplyDelete