I'm sure it's merely a passing resemblance...
Posted on 02/23/2009 7:52:04 PM PST by maccaca
A fund of hedge funds run by two members of Vice President Joe Biden's family was marketed exclusively by companies controlled by Texas financier R. Allen Stanford, who is facing Securities and Exchange Commission accusations of engaging in an $8 billion fraud. The $50 million fund was jointly branded between the Bidens' Paradigm Global Advisors LLC and a Stanford Financial Group entity and was known as the Paradigm Stanford Capital Management Core Alternative Fund. Stanford-related companies marketed the fund to investors and also invested about $2.7 million of their own money in the fund, according to a lawyer for Paradigm. Paradigm Global Advisors is owned through a holding company by the vice president's son, Hunter, and Joe Biden's brother, James. The fund has offered to turn over the $2.7 million investment it received from Mr. Stanford's firm in 2007 to a court-appointed receiver in the SEC's civil fraud case involving Mr. Stanford, according to Paradigm's attorney, Marc X. LoPresti. The fund terminated its relationship with Mr. Stanford's companies after the SEC filed civil charges against them last week, Mr. LoPresti said.
(Excerpt) Read more at online.wsj.com ...
do you think that biden is smart enough to even realize its corruption? I mean honestly . . .
Stand up Joe...Stand up!
Oh crap, it’s getting so deep, we’ll never get out.
I'm sure it's merely a passing resemblance...
Is that Stanford on the left? Is so, these two could pass for brothers.
If they are, we know who got the brains in the family, so to speak.
Uh, Spiro Agnew. Corrupt MD Guv before being Nixon’s first Veep.
Spiro Agnew -- and you know what happened to him....
Well, he did warn of a crisis after Obama got elected.
They could still pass for brothers. Scary, if Biden gets nailed, who would replace him? I don’t want to think about that.
No, it's Spiro Agnew, Nixon's VP, who was forced to resign under corruption charges.
I had never seen a picture of Agnew before. Believe it or not. Knew who was, but not what he looked like. And there is a resemblance there.
Well ... why not Harold Ford?
Obama would nominate someone and the Congress (I don't remember if it's just the Senate or the full Congress) would have to confirm him. Until then, Nancy Pelosi would be next in line for the Presidency, if something should happen to Obama.
On is a guilty Republican fat cat and the other is a Democrat only looking out for the "Little Guy(TM)"
the senate would confirm Obama’s choice, what I was asking is who will Obama pick in such an eventuality?
Ha ha. Maybe Harrison Ford?
Somewhere in my storage I still have a Spiro T Agnew wrist watch - I guess I should list it on e-bay?
Going price seems to be $10
My favorite part:
“The vice president’s office had no comment. A spokesman for Mr. Stanford referred calls to the SEC. A spokesman for the agency declined to comment.”
Oh, and also that Joe Biden has been given a role coordinating oversight of stimulus spending. That’s really swell.
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