Skip to comments.Hunter Biden-linked companies took millions in bailout loans, taxpayer funds - Just the News
Posted on 10/23/2020 12:00:00 AM PDT by volunbeer
Another example of "stimulus" and who got it? Biden Inc.
Nothing to see here folks..... I bet all the millions were put squarely in the hands of the little folks crushed by the housing bubble.
Something else to raise your blood pressure.....
Oops - here is excerpt -
Tens of millions in securities loans went to Biden-linked firm
Renewed interest in the Bidens’ financial arrangements has shined new light on Hunter Biden’s past involvement with millions of dollars in federal funds.
Rosemont Seneca Partners, an investment firm founded by Hunter along with business partners Devon Archer and Christopher Heinz, the stepson of former Secretary of State Jon Kerry, oversaw tens of millions of federal security loans in 2009 when Archer and Heinz founded Rosemont TALF, a spinoff firm designed to handle funds from the Federal Reserve’s Term Asset-Backed Securities Loan Facility program.
That program, announced in late 2008 in the depths of the financial crisis, was meant to jumpstart consumer spending amid the cratering economy. Like other firms participating in the initiative, Rosemont TALF was issued securities in order to help facilitate increased consumer credit and by extension consumer spending during the worst of the recession.
Data from the Federal Reserve indicate that Rosemont TALF ultimately obtained around $130 million in loans from that institution.
I wonder how many FOB (friends of Obama) received funding?
Does Biden Have Offshore Bank Accounts?
Self | Oct. 20, 2020 | MrChips / FR Posted by MrChips
Assuming that Joe Biden has been involved in money laundering and monetary gain from influence peddling, as well as treasonous activity in compromising his office with foreign powers, it stands to reason that the money involved has to go somewhere. Yes, this is true for his son, his brother, and others in the Biden crime family, too. But, where does Biden stash his take?
h/t tallguy The British Virgin Islands, right next door to the USVI, are a well known money hiding haven......
I noticed unusual activity at the Divi Carina Hotel, St Croix. Bartender said Farrakhan was in the secure part of the property, The Bungalows
and that Joe Biden comes down every year with S/S detail and satellite communication trucks and takes over the Bungalows for a couple of weeks.
REFERENCE Secret Service records show that countries and territories visited by Hunter Biden, between June 2009 and May 2014, included the Virgin Islands and:
Ethiopia and India on June 14-22, 2009 Argentina on September 14-17, 2009 France and Spain on November 9-13, 2009
Canada on February 12-15, 2010 Dominican Republic on February 18-22, 2010 Puerto Rico on March 20-27, 2010 China on April 6-9, 2010 Belgium, Spain, and the United Kingdom on May 5-8, 2010 UK, Egypt, Kenya, South Africa, Ascension Island, U.S. Virgin Islands on June 6-13, 2010
Denmark and South Africa on August 9-24, 2010 Hong Kong, Taiwan and China on April 16-22, 2011 Mexico on May 15-17, 2011
Colombia, France, United Arab Emirates and France again on November 1-11, 2011 UK and Russia on February 15-18, 2012
Germany, France and UK on February 1-5, 2013 UK and Ireland on March 20-22, 2013 China on June 13-15, 2013
Switzerland and Italy on July 26-August 7, 2013 Japan, China, South Korea
the Philippines on December 2-9, 2013 China and Qatar on May 7-14, 2014
The S/S records were also provided, but were not made public, to Senate Finance Committee Chairman Chuck Grassley and Senate Homeland Security and Governmental Affairs Committee Chairman Ron Johnson in a response to a request the senators sent to Secret Service Director James Murray on February, 2020
. In its cover letter to Grassley and Johnson, which was included in the records we received, the Secret Service said that the senators request was time and labor intensive, and they could only provide a limited amount of information by the senators imposed turnaround time of February 19. Given the Burisma-Ukraine-China influence peddling scandals, Hunter Bidens extensive international travel during the Obama-Biden presidency, including at least 5 trips to China, will certainly raise additional questions.
According to reports, Vice President Joe Biden and Hunter Biden flew on Air Force Two for the official trip to Beijing in December 2013. The records we obtained show Hunter Biden arrived in Tokyo on December 2, 2013, and departed for Beijing two days later. While it is typical for the families of the president and vice president to travel with them, questions have been raised about whether Hunter Biden used the government trip to further his business interests.
NBC reporter Josh Lederman, who was one of four reporters on the December 2013 trip, noted in an October 2, 2019, report that, What wasnt known then was that as he accompanied his father to China, Hunter Biden was forming a Chinese private equity fund that associates said at the time was planning to raise big money, including from China. His travel is only one of our inquiries.
During the last year and a half of the Obama administration, Hunter Biden served on the board of Ukrainian energy firm Burisma Holdings while his father was heading up Ukraine policy. We are seeking records through six lawsuits and dozens of FOIA requests related to Hunter Bidens dealings with the Ukrainian Burisma Holdings and the Chinese BHR Partners.
VP Joe was neck-deep in Obama’s stimulus distribution. We need his full accounting of where that all went.
Missing in Action: Stimulus Sheriff Joe Biden
By Michelle Malkin - October 10, 2012
Copyright 2012, Creators Syndicate Inc.
Remember when President Obama bragged about Joe Biden’s fiscal discipline creds in 2009? “To you, he’s Mr. Vice President, but around the White House, we call him the Sheriff,” Obama warned government employees. “Because if you’re misusing taxpayer money, you’ll have to answer to him.” Fast-forward to 2012. Call in the search teams. Since being appointed the nation’s stimulus spending cop, Sheriff Joe has taken a permanent donut break. He’s AWOL on oversight. In fact, he’s been bubble-wrapped, boxed and kept completely out of sight. The garrulous gaffe machine hasn’t sat down for a national media interview in five months.
The Democrats’ trillion-dollar “American Recovery and Reinvestment Act,” however, keeps piling up waste, failure, fraud and debt. Who benefited most? Big government cronies. According to Investor’s Business Daily this week, a new analysis by Ohio State University economics professor Bill Dupor reported that “(m)ore than three-quarters of the jobs created or saved by President Obama’s economic stimulus in the first year were in government.”
Dupor and another colleague had earlier concluded that the porkulus was a predictable jobs-killer that crowded out non-government jobs with make-work public jobs and programs. Indeed, the massive wealth redistribution scheme “destroyed/forestalled roughly one million private sector jobs” by siphoning tax dollars “to offset state revenue shortfalls and Medicaid increases rather than boost private sector employment.”
Will this Keynesian wreckage come up during Thursday night’s vice presidential debate? It should be a centerpiece of domestic policy discussion. Nowhere is the gulf between Obama/Biden rhetoric and reality on jobs wider. Remember: Obama’s Ivy League eggheads behind the stimulus promised that “(m)ore than 90 percent of the jobs created are likely to be in the private sector.” These are the same feckless economic advisers who infamously vowed that the stimulus would keep unemployment below 8 percent — and that unemployment would drop below 6 percent sometime this year. Sheriff Joe rebuked the “naysayers” who decried the behemoth stimulus program’s waste, fraud and abuse. “You know what? They were wrong,” he crowed.
But Biden was radio silent about the nearly 4,000 stimulus recipients who received $24 billion in Recovery Act funds — while owing more than $750 million in unpaid corporate, payroll and other taxes. (Cash for Tax Cheats, anyone?)
He had nothing to say about the $6 billion in stimulus energy credits for homeowners that went to nearly a third of credit-claimers who had no record of homeownership, including minors and prisoners.
And the $530 million dumped into the profligate Detroit public schools for laptops and other computer equipment that have had little, if any, measurable academic benefits. And the whopping $6.7 million cost per job under the $50 billion stimulus-funded green energy loan program — which funded politically connected but now bankrupt solar firms Solyndra ($535 million), Abound Solar ($400 million), Beacon Power ($43 million), A123 ($250 million) and Ener1 ($119 million).
And the $1 million in stimulus cash that went to Big Bird and Sesame Street “to promote healthy eating,” which created a theoretical “1.47” jobs. (As Sean Higgins of The Examiner noted, “(T)hat comes out to about $726,000 per job created.”)
And the hundreds of millions in stimulus money steered to General Services Administrations junkets in Las Vegas and Hawaii, ghost congressional districts, dead people, infrastructure to nowhere and ubiquitous stimulus propaganda road signs stamped with the shovel-ready logo.
Of course, there’s no example of unfettered stimulus squandering more fitting than the one named after Keystone Fiscal Kop Joe Biden himself. Government-funded Amtrak’s Wilmington, Del., station raked in $20 million in “recovery” money after heavy personal lobbying by the state’s most prominent customer and cheerleader. In return, the station (which came in $6 million over budget, according to The Washington Times) renamed its facility after Biden. Bloated costs. Crony political narcissism. Glaring conflicts of interest. Monumental waste. This is the Obama/Biden stimulus legacy bequeathed to our children and their grandchildren. Sheriff Joe and his plundering boss need to be run out of town on a rail.
......the whopping $6.7M per job in the $50B stimulus-funded “green energy” program —
which funded politically-connected but now bankrupt “solar firms”.......
<><>Solyndra ($535 million),
<><> Abound Solar ($400 million),
<><> Beacon Power ($43 million),
<><> A123 ($250 million) and
<><> Ener1 ($119 million).....
Money laundries.......an Obama specialty.
HERES THE LOWDOWN on OBAMAS TARP giveaways and how Democrats made a bundle:
LEGEND:Dem Group/Member...Bank....Amt of Donation....Tarp Funds received
DCCC Bank of America $5,000.00 $15,000,000,000.00
DCCC Capital One $25,000.00 $3,555,199,000.00
DCCC Citigroup $22,500.00 $25,000,000,000.00
DCCC Comerica Inc PAC $1,000.00 $2,250,000,000.00
DCCC Goldman Sachs $30,000.00 $10,000,000,000.00
DCCC JP Morgan $30,000.00 $25,000,000,000.00
DCCC Morgan Stanley $15,000.00 $10,000,000,000.00
DCCC PNC $2,500.00 $7,579,200,000.00
DCCC Wells Fargo $30,000.00 $25,000,000,000.00
Nancy Pelosi Bank of America $5,000.00 $15,000,000,000.00
Nancy Pelosi Citigroup $10,000.00 $25,000,000,000.00
Nancy Pelosi Goldman Sachs $20,000.00 $10,000,000,000.00
Nancy Pelosi JP Morgan $22,500.00 $25,000,000,000.00
Nancy Pelosi Morgan Stanley $10,000.00 $10,000,000,000.00
Nancy Pelosi Wells Fargo $10,000.00 $25,000,000,000.00
Steny Hoyer Bank of America $17,500.00 $15,000,000,000.00
Steny Hoyer Capital One $7,500.00 $3,555,199,000.00
Steny Hoyer Citigroup $10,000.00 $25,000,000,000.00
Steny Hoyer First Horizon $250.00 $866,540,000.00
Steny Hoyer Goldman Sachs $10,000.00 $10,000,000,000.00
Steny Hoyer JP Morgan $20,000.00 $25,000,000,000.00
Steny Hoyer KeyCorp $2,000.00 $2,500,000,000.00
Steny Hoyer Merril Lynch $5,000.00 $10,000,000,000.00
Steny Hoyer Morgan Stanley $13,500.00 $10,000,000,000.00
Steny Hoyer SunTrust $500.00 $4,850,000,000.00
Steny Hoyer Wells Fargo $10,000.00 $25,000,000,000.00
The $787 billion TARP--the Troubled Assets Relief Program---is just the best known program in an array of more than 30 overseen by Treasury Department and Federal Reserve that have paid out or put aside untraceable money to bail out financial firms and inject money into the markets. (To get a sense of the size of the real $14 trillion bailout, see MJ chart at web site).
A guide to the pieces of the puzzle includes massive untraceable Treasury Department bailout programs.
Money Market Mutual Fund: In September 2008, the Treasury controlled by Obama/Emanuel announced that it would insure the holdings of publicly offered money market mutual funds. According to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), these guarantees could have potentially cost the federal government more than $3 trillion [PDF].
Public-Private Investment Fund: This joint Treasury-Federal Reserve program bought toxic assets from banks and brokeragesas much as $5 billion of assets per firm. According to SIGTARP, the government's potential exposure from the PPIF is between $500 million and $1 trillion [PDF].
TARP: As part of the Troubled Asset Relief Program, the Treasury controlled by Obama/Emanuel made loans to or investments more than 750 banks and financial institutions. $650 billion has been paid out (not including HAMP; see below). As of December 21, 2009, $117.5 billion of that has been repaid.
Government-sponsored enterprise (GSE) stock purchase: The Treasury controlled by Obama/Emanuel bought $200 million in preferred stock from Fannie Mae and another $200 million from Freddie Mac [PDF] to show that they "will remain viable entities critical to the functioning of the housing and mortgage markets."
GSE mortgage-backed securities purchase: Under the Housing and Economic Recovery Act of 2008, the Treasury controlled by Obama/Emanuel may buy mortgage-backed securities from Fannie Mae and Freddie Mac. According to SIGTARP, these purchases could cost as much as $314 billion
---SNIP---LONG READ---go to web site to read more and checkout the shocking financial charts.
Thanks, after watching it, I wonder if anyone has taken a look at the possible involvement of the Bidens in some of the solar power companies that went out after getting millions in stimulus money from the Obama Administration.
2020 HOUSE REPORT:
<><> HUNTER BIDEN, A NON-ELECTED INDIVIDUAL CONDUCTING PERSONAL BUSINESS IN UKRAINE,
WAS GIVEN TAX-PAID SECRET SERVICE PROTECTION WHILE POCKETING $83,000 A MONTH ON BURISMAS BOARD.
<><> OBAMA ADMINISTRATION OFFICIALS AND A DEMOCRAT LOBBYING FIRM
HAD CONSISTENT AND SIGNIFICANT CONTACT WITH FORMER UKRAINIAN OFFICIAL ANDRII TELIZHENKO.
<><> COMMITTEE CHAIRMEN INVESTIGATING CRIMINALITY WERE FALSELY ACCUSED BY THE CONGRESSIONAL MINORITY
-—DEMOCRATS-— OF ENGAGING IN A RUSSIAN DISINFORMATION CAMPAIGN; DEMOCRATS USED OTHER FELONIOUS TACTICS TO INTERFERE IN A CRIMINAL INVESTIGATION.
<><> BURISMA BOARD MEMBER HUNTER BIDEN, AND HIS FAMILYS FINANCIAL TRANSACTIONS,
AND THE USE OF EXTORTIONATE THREATS WITH UKRAINIAN, RUSSIAN, KAZAKH AND CHINESE NATIONALS
ARE CONSIDERED CRIMINAL UNDER US LAW.
Between TARP and that shovel ready garbage Obama stole from US taxpayers, it was trillions of dollars. There obviously has never been any shovel ready jobs or infrastructure help and now we can see where Some of TARP went. I hope President Trump finds a great team of forensic accountants to find out what Biden and Obama did with all that money.
Just look at all the Steny Hoyer stuff.
That creep wins every election down there in the swamp.
Joe was really reaching in defense of his alleged corruption last night...
I wonder how much Sreny and the rest hit the banks up for “donations” to their n/p scams?
IF anybody knows how to CLAW BACK those payments it is Trump.
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