Hunter Biden-linked companies took millions in bailout loans, taxpayer funds – IOTW Report

Hunter Biden-linked companies took millions in bailout loans, taxpayer funds

Just The News:

Hunter Biden’s business conglomerate didn’t just benefit from foreign investments and fees. It also scored tens of millions of dollars in taxpayer-backed subsidies and loans, federal records and financial documents show. 

The finances of the Biden family have come under increased scrutiny in the waning days of the 2020 presidential election season, particularly after bombshell reports in the New York Post this month appeared to suggest that Hunter Biden may have been selling access to the former vice president.

In one email published by the Post, an equity-allocation arrangement involving a Chinese investment appeared to involve Hunter Biden receiving a sum of money to be held for “the big guy,” reportedly Joe Biden.

Joe Biden has dismissed the controversy as a “smear campaign,” though his campaign has not denied the authenticity of the emails. 

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 pastinvolvement 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. 

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9 Comments on Hunter Biden-linked companies took millions in bailout loans, taxpayer funds

  1. Their headline should read “Joe Biden-Linked Companies…”
    I know it’s splitting hairs, but it bothers me because Joe is the one on the ballot.
    Other than that, keep the hits coming.

    6
  2. I’m pretty certain that if any of our vaunted Law “Enforcement” agencies looked into the matter they’d discover the “shocking” fact that most of the “bailout” money went to cronies, family members, and donors of politicians.
    Same with “green” energy money.

    The dirty secret of government “largess.”

    “Well I asked my friend where is that black smoke comin from? He just coughed and changed the subject and said oh I think it might snow some …”

    The foxes are guarding the henhouse.

    izlamo delenda est …

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  3. Just in case people don’t link to Molon’s article, here is the last sentence in it.

    “In Tom Clancy’s Jack Ryan series, “Peter Henderson” is the name of a KGB mole that infiltrated the United States government.”

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