The old money laundry working overtime. Take a bribe out as a loan and then refinance as another bribe. Biden Inc did it all the time.
But did they overstate the value of their assets? Oh, that’s right... it’s not New York City... and she’s a Democrat.
Biden, a career politician, and Jill, a college professor, are estimated to be worth around $10million, and additional financial records show the couple pulled in an income of $620,000 in 2023.
The first couple released their tax returns in April and revealed their combined income was $619,976 last year and they paid $146,629 in federal taxes.
Biden and his wife earned four-fifths of their income from their jobs as president and teacher at Northern Virginia Community College, respectively.
Additional money came from interest on investments, pensions and a pass-through entity that collects book royalties.
But according to other financial forms from Joe, the president has had no royalties from his two books: ‘Promises to Keep’ and ‘Promise Me, Dad’ this year.
Financial records from the Office of Government Ethics last month revealed most of the couple’s debt is the mortgage on their Delaware home and an equity loan on that property.
Mortgaged To The Hilt
The Bidens bought the Wilmington house for $350,000 in March 1996
1. 21 Jul 1997 - Beneficial National Bank - $400,000 [PAID - 20 Nov 1997, construction mortgage]
2. 20 Oct 1997 - Beneficial National Bank - $499,900 [PAID - 26 Feb 1998, construction mortgage]
3. 24 Nov 1997 - Beneficial National Bank - $134,070.27 [PAID - 8 Jul 1999]
4. 27 Feb 1998 - Chase Manhattan Mortgage Corp - $550,000 [PAID - 25 Aug 2003]
5. 6 May 1998 - Beneficial National Bank - $94,450.04 [PAID - 11 Oct 2002]
6. 16 Jul 1999 - Commerce Bank - $35,000
[PAID - 6 Nov 2000, line of credit]
7. 18 Sep 2000 - Commerce Bank - $80,000 [PAID - 31 Jan 2003, line of credit]
8. 18 Oct 2002 - Commerce Bank - $143,600 [PAID - 18 Sep 2003]
9. 11 Jan 2003 - Commerce Bank - $20,000 [PAID - 17 Oct 2003, line of credit, then extended to $30,000 on 7 Jun 2003]
10. 5 Aug 2003 - Wilmington Savings Fund Society - $649,000 [PAID 3 Apr 2013, balloon rider attached, mortgage modified on 20 Jul 2010 to $564,442.91]
11. 5 Aug 2003 - Wilmington Savings Fund Society - $99,000 [PAID - 31 Mar 2005, line of credit]
12. 11 Feb 2005 - Wilmington Savings Fund Society - $149,000 [PAID - 3 Apr 2013, line of credit]
13. 3 Mar 2010 - Wilmington Savings Fund Society - $10,000 [PAID - 11 Jul 2011, line of credit]
14. 10 Jun 2011 - Wilmington Savings Fund Society - $45,000 [PAID - 6 Feb 2012, line of credit]
15. 4 Jan 2012 - Wilmington Savings Fund Society - $95,000 [PAID - 17 Aug 2012, line of credit]
16. 16 Jul 2012 - Wilmington Savings Fund Society - $115,000 [PAID - 3 Apr 2013, line of credit]
17. 28 Jan 2013 - TD Bank - $541,150
OUTSTANDING
18. 28 Jan 2013 - TD Bank - $260,000 [PAID 18 Mar 2014, line of credit]
19. 19 Feb 2014 - TD Bank - $300,000 [PAID 11 Dec 2018, line of credit]
TOTAL: $4,230,170.31 19 mortgages/lines of credit and one credit extension
Time to start bringing charges against ABCNNBCBS and NPR, WaPo, NYT, etc. for all the anti-Trump lying, then.
I don’t think anyone but the Bidens and a few cohorts know how much they are worth. Probably have money and valuables stashed all over the houses, overseas, cookie jars, etc. Just like Menendez.
This TWOT sued for a paltry few million and in order to get kickbacks did not go after the rampant corruption.
This is like accusing some election officials four years after the perpetrated the biggest steal of the millenium.
Anyone wonder if the bimbos and pretentious 'men' of the MSM, Washington Post and New York Times will pick this up? It'd be a cold day in hell...
Hey give Kamala a break ... after all she did take the Hypocritical Oath when assuming her political offices.
Sounds like a lovely corrupt couple perfect for the first family following the last corrupt first family
That’s how the rich politicians laundry money. How many times has Biden refinanced his Delaware home? It was over a dozen if I recall correctly. Who refinances that often?
When will someone get to the 1099 K issue....and put a reasonable number in there. Most older adults who want to get rid of their stuff...don't even file...so the number should be more than $14,000....the deduction for a single person.
WTF??????
Why, they must have fraudulently evaluated their property! It can’t be it was a bribe. Beavens to Hetsy no! Not Kamala! So they should be sued for the fraudulent evaluation, which damaged said bank./heheheh.
Do they think that they are equal to Hunter Biden? NONSENSE!
Those “homeowners” in California whom Kamala went to bat for... weren’t just ordinary homeowners who actually lived in their homes as I recall- weren’t they mostly high risk loans to illegals and house flippers who had been given loans by Golden West financial, which was owned by 2 Democrat donors- the Sanders, and then these bad loans were sold off to Countrywide and Wells Fargo?
Biden had 36 mortgages for 2 homes.
It is a way to launder money.