Posted on 10/23/2012 11:18:12 AM PDT by DFG
James Biden isn’t a big name in the business of residential housing development, so what exactly qualifies him to work at a construction company and share in the winnings of a $1.5 billion project to build affordable homes in Iraq?
If you said it has something to do with his last name, the one shared by his older brother Vice President Joe Biden, you wouldn’t be far off. At least that’s the guess of some Wall Street analysts who cover the Marlton, NJ-based company Hill International and think they’ve seen yet another sordid tale of crony capitalism.
Hill has been around for decades; its main business is managing construction projects in the Middle East and here in America. It’s built a good reputation over the years, as has the father-son team who run it, Irv and David Richter.
(Excerpt) Read more at nypost.com ...
What is the average annual income of a person iving in Iraq who would qualify for a “low income house” in Iraq?
How flimsy could they possibly be??
American contractors have been killed for a long time in Iraq. What is going to change that?
Why are US taxpayers paying $1.5 billion to build houses in Iraq?
His son was a lobbyist who made $1.8 million. He said it was legal because, when he had to lobby his dad, he sent someone else from the office.
When Biden ran for VP, they had him quit the lobby gig and he went to work as a rookie broker at a hedge fund for $1.2 million. Then son and brother launched a take-over of the hedge fund and it all gets murky after that.
We always hear that Biden is broke but there is apparently more to it than that.
Harry Reid has the same deal; his sons are “lobbyists”. You hire them if you want to talk to their dad.
Because we have all this disposable income and barry wants to share what he takes from us. Expect that to increase, also, as he has said he hasn’t finished doing his job and wants another four more years to complete it and then he will be ‘more flexible’! Nov 6 is big garbage day - so four years of piled up of s^^t will be brought to the curb.
Dick Durbin bought A123 for pennies on the dollar after it went bankrupt. Da Chicago Way!
Where in the construction world do you make a profit up front?
Note: The last 10% of a project can eat 25% of the labor (or more).
I just returned from a Caribbean cruise. In St Thomas, USVI, the guide pointed out a waterfront mansion and said it belonged to Biden’s brother. He also said Air Force 2 frequently flies in and out.
REFERENCE Biden's son Hunter Biden was previously a top official at PARADIGM Global Advisors, a hedge-fund holding company founded with Vice President Biden’s brother, James, and marketed by convicted finance fraudster Allen Stanford.
As Paradigm chairman, Hunter Biden oversaw half a billion dollars of client money invested in hedge funds while remaining a lobbyist. Cooper chipped in $2 million for the ill-fated venture, which went down in flames amid nasty fraud lawsuits. (NOTE Stanford is now in jail but the Biden's got off scot-free.)
"Hi there, Americans. Obama put me in charge of the trillion dollar stimulus. My son and brother are gonna help me disperse the money. "
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Offshore Fraudster had links to offshore fund run by VP Biden's relatives
Reuters on Yahoo | 2/23/09 | BY Ajay Kamalakaran
(Reuters) – A fund of offshore hedge funds run by two members of VP Joe Biden's family was marketed exclusively by offshore firms controlled by Texas financier Allen Stanford, charged by regulators with an $8 billion fraud, the Wall Street Journal said.
The Bidens $50 million fund was jointly branded between the Bidens' Paradigm Global Advisors LLC and the offshore Stanford Financial Group entity headquartered in Antigua, and was known as the Paradigm Stanford Capital Management Core Alternative Fund, the paper said. Stanford-related offshore companies marketed the Biden fund to investors and also invested about $2.7 million of their own money in the fund, the paper said, citing a lawyer for Paradigm.
Paradigm Global Advisors is owned through a holding company by the vice president Biden's son, Hunter, and Joe Biden's brother, James, according to the WSJ. Paradigm's attorney, Marc LoPresti, who represents Hunter Biden and James Biden, as well as Paradigm, told the paper he did not know which Stanford entity invested the roughly $2.7 million. (Excerpt) Read more at news.yahoo.com ...
NOTE A lawyer for Hunter Biden and James Biden told reporters the Bidens NEVER met or communicated with Stanford. (/snicker)
NY POST PAGE SIX---Obama still has some friends in investment banking. Chad Leat, managing director and chairman of Alternative Asset Group — Investment Banking at Citigroup Inc, is hosting a $10,000-a-plate dinner for Vice President Joe Biden on Aug. 24 at his home, The Barnyard in Bridgehampton. Leat is described in Hamptons Cottages and Gardens as a “banker, dedicated equestrian and imaginative host,” with an “elegant, but hip” home. On the table for discussion will undoubtedly be the economy and jobs. Probably not up for discussion will be that in 2008 Citigroup got a $45 billion government bailout in two installments .
SOURCEhttp://www.nypost.com/p/pagesix/bank_on_biden_ENPOT9A8JA2WkAzbYoNCgI#ixzz21ujanwHC
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NY POST PAGE SIX--- Nathan Lane will host an Obama fund-raiser attendedby Joe Joe Biden at the Bridgehampton home of Ellen Chesler and Matthew Mallow. The Aug. 24 event, called "East End for Obama," will feature a performance by singer James Taylor. Hosts include actress Julianne Moore, “Sopranos” star Edie Falco and Jane Holzer. This is one of the few Obama fund-raisers in the Hamptons, Chesler bragged and e-mailed media that the event “began in the arts community out East but has morphed into what we understand will be the major Obama campaign event this summer in the Hamptons.” Tickets range from $500 to $10,000 to join the host committee and get a photo with Biden
SOURCE http://www.nypost.com/p/pagesix/new_odd_couple_NauGUHaN4AmdoDKr60CluM#ixzz21uknQDmI
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