Replies

HE "SAID" HE WAS BROKE? Hunter Biden-linked company got $130M in federal loans when Joe Biden was VP
(profits held in offshore tax havens to evade paying taxes)
Washington Examiner ^ | November 21, 2019 | Alana Goodman / FR Posted on 4/16/2021, 6:01:06 AM by Liz

An investment firm linked to Hunter Biden received over $130 million in federal tax dollar bailout loans while his father Joe Biden was Obama's vice president...... profits were routed 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.

Under the program, Obama's US Treasury Department and the Federal Reserve Bank issued billions of dollars in highly favorable loans to select investors who agreed to buy bonds that banks were struggling to offload, including bundled college and auto loans.

According to official federal records, 177 firms participated in TALF, many of them well connected in Washington or on Wall Street. For investors, there was little risk and a high chance of reward. Obama's Federal Reserve funded as much as 90% of the investments. If the bonds were profitable, the borrowers benefited. If not, the department agreed to take over the depreciated assets with no repercussions for the borrowers.---SNIP---rest on FR

"Hunter, my baby boy, what's the number of our TALF offshore bank
account? I need a couple million in a hurry."

China's using the Old Communist Playbook to (a) spread its Communist message, (b) improve its international image,
and to (c) exacerbate domestic fissures, (d) especially exploitaton of racial tensions in enemy countries.

Beijing has a lot of help stateside.

"Xi, old buddy, ol' pal, together we will make China great, again."

Beijing has a lot of help stateside.

"Xi, old buddy, ol' pal, together we will make China great, again."

Wow, this TALF story is new to me. It takes CRONY capitalism to a new lever of graft. So this is how the student loan program was bailed out. If the Feds bail the banks out, there’s no risk!

I’m now beginning to think the whole Hunter Biden as Drug Addict affair was a smokescreen to hide the tremendous fraud he was orchestrating behind the scenes.

If Hunter looked like the pin-striped Wall Street tycoon, the Left would think differently. But as a helpless drug addict, there’s a certain pity for the crook. “He can’t help himself. Yeah, Hunter is another white guy, but he’s in pain. He’s a victim of the system”.

The photo you showed also works into that narrative. Xiden is hugging his wayward son — Father stands behind son no matter what... helps cure him of his drug addiction.

Reminds me how Xiden’s love for his son Beau was played up by the media. Wouldn’t be surprised if Beau was the international money vacuum for Xiden Family Inc. before Hunter got the job when Beau died.

Does any of this make sense? Or am I reading too much into it.