Posted on 02/03/2023 7:06:47 PM PST by bitt
Why did Joe Biden secure a $250,000 home equity line of credit?
Joe Biden quietly took out a $250,000 line of credit against his Rehoboth Beach home in December amid his classified documents scandal.
Biden took the line of credit out while his son Hunter is under federal criminal investigation.
https://www.thegatewaypundit.com/wp-content/uploads/beachhouse2-1.webp
Fox News reported:
President Biden secured a $250,000 line of credit against his Rehoboth Beach, Delaware, home as his son, Hunter Biden, faces an investigation into his tax affairs and amid his own classified documents scandal, records obtained by Fox News Digital shows.
Biden acquired the six-figure home equity variable rate line of credit from M&T Bank on Dec. 5, 2022, Sussex County filings show. Biden and his wife, first lady Jill Biden, initially purchased the residence in 2017 for $2.74 million, according to county records.
It is unclear why Biden quietly secured the line of credit, which allows him to borrow up to a quarter of a million dollars against his home’s equity, and the White House did not respond to a Fox News Digital inquiry on the matter.
what happened to his $17Million he had 2 years ago??
Probably tied up, loan for 250k might be faster to get, also clean from campaign contributions.
Maybe taking money out of his Swiss Banking account would be risky under the circumstances...
He might not get paid for his services until he’s out of office. It’s an incentive to not stop being corrupt.
retainer money?
I don’t think he quietly did anything, anymore than I borrowed $30 for some Girl Scout cookies the other day.
This is Money Laundering.
1. Placement
2. Layering
3. Integration
Biden will be paying back this HELOC with Burisma/Chinese funds.
He wouldn’t want to go drawing attention to his offshore accounts at this point.
Bingo. Lawyer fees for Hunter.
I disagree. He worked his job of Congressional corruption as his real job. Thus, he is rich. He worked very hard at corruption.
Bingo!
Q: “Why did Joe Biden secure a $250,000 home equity line of credit?”
A: Because Xi’s check bounced.
Pres. Joe Biden paid 185k for the DuPont mansion in 1974. He was already almost 2 years as Senator and was 32 years old.
He supposedly spent big bucks to rehab it over time. Took out multiple mortgages against it early and sold it in 1996 for 1.2 million.
His 1974 Senator salary was 42,500 a year.
He did not come from money.
He was lawyer and there is no real history on that.
He also sat on a city council from 71-73.
I wonder where his money came from, back in the 70s ?
Biden to Jill: “Honeybun, take a look at these colorful brochures. I might want to retire offshore, you know. Senegal, Marshall Islands, Samoa, São Tomé & Príncipe.”
https://www.wsfa.com/story/22665099/countries-with-no-extradition-treaty-with-us/
Maybe he bought one of Hunter’s paintings...aka....money laundering.
But wait! WHY didn’t OUR First Lady sign the loan as “DOCTOR Jill T. Biden”? Hard to understand . . .
Perhaps he wanted to buy one of Hunter’s paintings?
His money is probably in OFFSHORE BANK ACCOUNTS under different names!
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