Oh my: Hunter Biden firm got $130 million in bailout loans during dad’s VP term?

[mystery-ak]

Oh my: Hunter Biden firm got $130 million in bailout loans during dad’s VP term?

Ed Morrissey Posted at 3:21 pm on November 21, 2019

If nothing else, this will remind everyone of the risks associated with government bailouts. In principle, they sound like a good idea in a time of crisis. In practice, however, the incentives to use them as slush funds for the well-connected are just too darned tasty to pass up. Case in point — Hunter Biden’s profit off of a bailout program his father was heavily promoting, as the Washington Examiner reported this morning.


The Cayman Islands tax dodge is just the icing on the swampy cake:

    An investment firm linked to Hunter Biden received over $130 million in federal bailout loans while his father Joe Biden was vice president and routed profits through a subsidiary in the Cayman Islands, according to federal banking and corporate records reviewed by the Washington Examiner.

    Financial experts said the offshore corporate structure could have been used to shield earnings from United States taxes.

    Rosemont Capital, an investment firm at the center of Hunter Biden’s much-scrutinized financial network, was one of the companies approved to participate in the 2009 federal loan program known as the Term Asset-Backed Securities Loan Facility, or TALF.

more
https://hotair.com/archives/ed-morrissey/2019/11/21/oh-hunter-biden-firm-got-130-million-bailout-loans-dads-vp-term/

[skeeter]

Never mind this. Did you know Don Jr once attended a meeting with a Russian?

[sneakypete]

Never mind this. Did you know Don Jr once attended a meeting with a Russian?

@skeeter

Or that his stepmother is a possible Soviet spy?

Focus,people,FOCUS!

[dfwgator]

Never mind this. Did you know Don Jr once attended a meeting with a Russian?

Trump meeting with a Russian.

[mountaineer]

Hey, now, Hunter Biden has had a lot of expenses.

Hunter Biden suspected of smoking crack in DC strip club’s VIP room

By Joe Marino, Elizabeth Rosner and Bruce Golding
November 26, 2019 | 8:31pm

Hunter Biden was suspected of smoking crack inside a strip club where he dropped “thousands of dollars” during multiple visits — at the same time he held a seat on the board of a controversial Ukrainian natural-gas company, The Post has learned.

The incident, which took place at Archibald’s Gentlemen’s Club in Washington, DC, late last year, represents the most recent alleged drug use by Biden, 49, who has acknowledged six stints in rehab for alcoholism and addiction that included a crack binge in 2016.

Workers at Archibald’s, located about three blocks north of the White House, said Biden was a regular there, with two bartenders and a security worker all instantly recognizing his photo and one worker identifying him by name. ...   More at NY Post

[sneakypete]

Hunter Biden was suspected of smoking crack inside a strip club where he dropped “thousands of dollars” during multiple visits
 

@mountaineer

Well,he is a Biden,so it's not like he had that many brain cells to lose.

[mountaineer]

Hunter Biden, crack ho.