Hunter Biden-linked company received $130M in special federal loans while Joe Biden was vice president… The Washington Post: “Graham launches probe of Bidens, Burisma and Ukraine”

An investment firm linked to Hunter Biden received over $130 million in federal bailout loans while his father Joe Biden was vice president and routed profits 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 U.S. taxes.

www.washingtonexaminer.com/politics/hunter-biden-linked-company-received-130m-in-special-federal-loans-while-joe-biden-was-vp

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, the U.S. 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.

www.washingtonexaminer.com/politics/hunter-biden-linked-company-received-130m-in-special-federal-loans-while-joe-biden-was-vp

Joe Biden was a key advocate for the financial bailout, which was approved under the Bush administration and expanded under President Barack Obama.

He delayed his Senate resignation in January 2009 to cast his final vote to increase funding for the Troubled Asset Relief Program before taking office as vice president.

www.washingtonexaminer.com/politics/hunter-biden-linked-company-received-130m-in-special-federal-loans-while-joe-biden-was-vp

Federal Reserve records show Rosemont Capital was one of the companies that set up an offshore limited partnership, called “Rosemont TALF Investment Fund LP,” to participate in the TALF program.

The fund was incorporated in the Cayman Islands on May 14, 2009, and dissolved on Nov. 14, 2014, according to corporate records in the British territory.

The fund was managed by a Delaware-based subsidiary of Rosemont called “Rosemont TALF GP,” SEC records show.

Another investor in Rosemont’s TALF fund, called “Rosemont TALF Opportunities Fund II,” was also based in the Cayman Islands.

Additional Rosemont TALF investors included two Greek shipping magnates, a California class action attorney and a financial trust based in Liberia.

www.washingtonexaminer.com/politics/hunter-biden-linked-company-received-130m-in-special-federal-loans-while-joe-biden-was-vp

June 2009: Hunter Biden co-founds his second company in less than a year, Rosemont Seneca Partners, with Christopher Heinz (the stepson of John Kerry and heir to the Heinz fortune) and Devon Archer, who had been friends with Heinz at Yale.

2010–11: Rosemont Seneca takes off like a rocket in its ability to secure meetings with wealthy Chinese investors.

From Peter Schweitzer’s Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends:

Less than a year after opening Rosemont Seneca’s doors, Hunter Biden and Devon Archer were in China having secured access at the highest levels.

Also, according to the Thornton Group, the three Americans met with the largest and most powerful government-fund leaders in China — even though Rosemont was both new and small.

To put these meetings in perspective, it was as if the son of the Chinese premier held a single meeting with the heads of Goldman Sachs, Bank of America, J.P. Morgan, Merrill Lynch, and Blackstone.

Except, in this case, these were government entities with trillions of dollars of capital to invest.

The delegate spent two days meeting with the top executives of China’s sovereign wealth fund, social-security fund, and largest banks. Hunter posed with them for a series of pictures.

www.nationalreview.com/2019/09/hunter-biden-comprehensive-timeline/

The Washington Post: “Graham launches probe of Bidens, Burisma and Ukraine”

Senate Judiciary Committee Chairman Lindsey O. Graham sent
a letter to Secretary of State Mike Pompeo on Thursday
requesting documents related to former vice president Joe
Biden and his communications with Ukrainian officials, a
step seen as a GOP effort to counter the House impeachment
investigation of President Trump.

www.washingtonpost.com/politics/graham-launches-probe-into-bidens-burisma-and-ukraine/2019/11/21/5a5675b4-0ca5-11ea-97ac-a7ccc8dd1ebc_story.html

 

 

h/t kpm

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