Hunter Biden Was on Payroll of Credit Card Company that Benefited from 2005 Bill Pushed by Dad

Hunter Biden got a five-year gig starting in 2001 worth at least half a million dollars with credit card company MBNA Corporation when his-then U.S. senator father, Joe, was pushing for passage of bankruptcy legislation that ended up benefiting his son’s employer.

After it became law in 2005, the year that Hunter’s work for MBNA ended, the Bankruptcy Abuse Prevention and Consumer Protection Act made it difficult for Americans to get rid of credit card and student aid debt when declaring bankruptcy.

The bill pushed by now Democrat presidential nominee Biden ultimately helped the MBNA Corporation, one of the largest members of the credit card industry at the time, and reportedly helped fuel the student debt problem. It made private student loans one of the ten debts that cannot be forgiven during bankruptcy.

Recalling the arrangement between then-Sen. Joe Biden’s (D-DE) son and MBNA, the largest employer in Deleware when the bill became law, the New York Times suggested in 2008 that Hunter’s five-year (2001-2005) consulting job with the corporation created a potential conflict of interest for his father. Still, aides to then-Sen. Barack Obama’s (D-IL) presidential campaign in 2008 defended the Delaware-based MBNA’s $100,000 a year retainer paid to Hunter, who was 31 when he got the job, the newspaper added.

The aides did admit it was “one of the most sensitive issues they examined while vetting the [Delaware] senator for a spot on the ticket,” the Times reported in its 2008 article, adding:

https://www.breitbart.com/politics/2020/10/20/hunter-biden-was-on-payroll-of-credit-card-company-that-benefited-from-2005-bill-pushed-by-dad/

>>11179736

Mr. Biden’s son, Hunter, received consulting fees from the MBNA Corporation from 2001 to 2005 for work on online banking issues. Aides to Mr. Obama … would not say how much the younger Mr. Biden, who works as both a lawyer and lobbyist in Washington, had received, though a company official had once described him as having a $100,000 a year retainer. But Obama aides said he had never lobbied for MBNA and that there was nothing improper about the payments.

Joe reportedly denied any wrongdoing linked to his son’s business dealings with MBNA, the Times pointed out.

Citing the Obama campaign aides, the newspaper reported in 2008:

Senator Biden’s goal was always to strike a workable compromise between the competing interests on the bankruptcy bill, and that he was not influenced by his son’s work for MBNA or the campaign donations.

>>11179736

Hunter’s work for MBNA while his father was writing and promoting the bankruptcy bill in the early 2000s did not become public until the law passed in 2005, Breitbart News recalled.

>>11179736

Alleged bombshell emails recently obtained by the New York Post indicate the senior Biden may have lied about never speaking to Hunter about his overseas business dealings.

Reportedly, Hunter briefly worked for MBNA in 1996, soon after he graduated from Yale Law School around the time he was 26. He was promoted to senior vice president by early 1998, but that year Hunter left to go work for at the U.S. Commerce Department. MBNA rehired him as a consultant in 2001.

>>11179798

China and Biden and Mayors and Parking meters

>>11179798

China and mayors and Bidens and Clintons stealing from usa

>>11179836

and missing Children

>>11179736

My, my, my, so Hunter was the Bagman for his dirty dad?

>>11179736

So many coincidences. This may be only beginning

>>11179736

….."He was promoted to senior vice president by early 1998, but that year Hunter left to go work for at the U.S. Commerce Department." OMG!! How many jobs did The Big Guy get him???!!!!

>>11179736

Joe was known as 'the senator from MNBA'…..

>>11179736

Hello! The tip of the iceberg!

>>11179736

Exclusive: Biden Defector’s Emails Reveal Hunter’s Associates Viewed Direct ‘Pipeline’ to Administration as ‘Currency’

Hunter Biden’s business associates spoke candidly in emails about Hunter Biden’s role in the business, particularly as it related to foreign ventures, apparently viewing the Biden name as a form of “currency,” and bragging that they had a “direct…pipeline” to the Obama-Biden Administration.

In another email, Hunter Biden’s associates touted Hunter’s access to the White House and contrasted his willingness to “take on risk” with that of Chris Heinz—then-Secretary of State John Kerry’s stepson and a close friend of Biden and Archer—who was uncomfortable with some of their potential partnerships.

In October 2013, Hunter Biden’s associates (including Devon Archer) discussed which one of their corporate vehicles would be appropriate for a new deal they were working on. Archer noted their need to use a “Rosemont Seneca SPV” (also known as a special purpose vehicle) because Rosemont Capital was too close to the Heinz family and because using an SPV could “bring Hunter into the mix.” Archer explained his desire “to leverage Hunter more” in a way that didn’t involve Heinz, who Archer called “much more risk averse.”

https://www.breitbart.com/politics/2020/10/20/exclusive-biden-defectors-emails-reveal-hunters-associates-viewed-direct-pipeline-to-administration-as-currency/

>>11180146

Another benefit of the Rosemont Seneca SPV was, per an October 5 email from Hunter Biden and Devon Archer’s business associate Bevan Cooney to Archer, it “would be good to put some honey in Hunter’s pocket.” That same day Archer responded: “Agreed. I also have more autonomy with that company as I own it with Hunter and he’s willing to take on risk… Hunter will work if we need him too [sic] as well.”

Five days later, Biden’s business associate Jason Galanis confirmed to Archer that he had changed the corporate references in the proposal to include a Hunter Biden-controlled firm. Archer replied, clearly pleased. “Perfect. Let’s just keep to that. We get the Biden lift and stay out of Heinz panties.” Archer had noted he would use Rosemont Seneca Partners instead of Rosemont Capital, in which Heinz held a stake. Hunter Biden and Devon Archer’s Rosemont Seneca Partners would play a pivotal role in their future deals.

>>11180146

>We get the Biden lift and stay out of Heinz panties.”

>>11180146

Soon after that deal (and after Biden and Archer joined the board of Ukraine’s Burisma Holdings), Heinz made moves to sever his formal business ties with Archer and Biden in May 2014. Just hours after Burisma’s announcement that Biden and Archer had joined the board, Heinz emailed top aides for his step-father and then-Secretary of State John Kerry, alerting them to the potentially compromising arrangement. “Apparently Devon and Hunter both joined the board of Burisma and a press release went out today,” Heinz said. “I can’t speak why they decided to, but there was no investment by our firm in their company.”

But Heinz’s concerns apparently did not deter Biden and his associates from continuing to leverage the Biden family name to pursue questionable business arrangements.

In an email on November 4, 2014, Biden’s business associate Jason Galanis discussed a draft pitch that he was preparing for possible investors. Galanis explained that the presentation would cover boilerplate issues like investor protections. But Galanis also sought to emphasize their connections to the White House, specifically Vice President Joe Biden: “I wanted to focus on the ‘other currency’ we are bringing to the table…direct administration pipeline.” Galanis also mentioned dropping Joe Biden’s connections in their pitch when dealing with union pension funds. Galanis wrote, “maybe we should also remind of HB’s dad’s union relationships to justify the ask??”

>>11180146

In a March 2015 draft investor pitch, Biden’s associates wrote about the need to “leverage Hunter Biden Taft Hartley network.” Taft Hartley is the law governing union pension funds, and Joe Biden has a long-established history of close relationships with union bosses, which Hunter Biden and Joe’s brother James Biden have reportedly sought to capitalize on in the past. The presentation noted that the team “led by Archer and Biden” would create “unprecedented opportunity for a firm at our scale,” and referenced tapping finances from Chinese officials. In December 2013, as has been widely reported, Biden and Archer secured a $1 billion private equity deal financed by the Chinese government. Biden and his associates wanted to go back for even more Chinese money.

>>11180146

n the March 2015 draft investor pitch, Biden’s associates outlined the plan to leverage family clout for more foreign cash. In a section outlining where investments would come from, Biden’s associates described capital flowing from “China>USA” and “Former CCP [Chinese Communist Party]>USA.” And the presentation also proposed more cross-border business deals involving “China SOE [State Owned Enterprises]” and “Former CCP Energy.”

>>11180146

The above quotes are taken directly from a trove of 26,000 emails and attachments from Hunter Biden and Devon Archer’s business associate Bevan Cooney. These emails—provided to Schweizer from Cooney via journalist Matthew Tyrmand—are completely separate from the emails released by the New York Post (purportedly derived from a backup of Hunter Biden’s laptop hard drive).

Cooney is currently serving time in federal prison for his role in the tribal bond scheme that also resulted in the conviction of Devon Archer on conspiracy and securities fraud charges. Archer currently awaits sentencing for that conviction.

>>11180165

This should be a meme in the meme war !!!

Money is made thru the Heinz panties

>>11180146

Hunter put so much US aid money kickbacks into the family coffer that High Tax Joey can afford his own tax plan. Problem is, the rest of us can't.

High Tax Joey has a long list of NEW TAXES to chain the people with as soon as he packs the court and repeals the Trump tax cuts.

1. New Federal Property Tax 2% of assessed value on all US real estate per year. That creates a huge new bureaucracy and gestapo of federal assessors to shake everyone down. Especially in the suburbs where houses avg $250k. That is another $5000.00 per year for families.

2. New Federal 401k tax. Follows increases in 401k value.

3.New Federal Green New Deal Taxes on farms, companies, electric coops, manufacturing, energy companies, hospitals, powerplants, fuels, and vehicles.

1. New Federal Tax on Christian church ministries

2. New Federal Tax on certain Firearms and Ammo.

6 New Federal Tax on politically incorrect food and beverages.

Ever hear of the American Revolution? It was a result of oppressive taxation.

>>11180217

Biden and Israel Technology !!!!