That time Hunter Biden got a six figure yearly retainer from a credit card company while Daddy Biden worked on major credit card legislation
That time Hunter Biden got a six figure yearly retainer from a credit card company while Daddy Biden worked on major credit card legislation BY
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Back in 2008, the New York Times wrote an interesting article on Joe Biden during his vetting to be the Vice Presidential pick for Senator Obama. The article was about Hunter Biden getting a huge yearly payment from a credit card company while his father, then Sen. Joe Biden, worked on legislation that would make it more difficult for people to dump their credit card debt when they filed for bankruptcy.
Hunter Biden was 21 yrs old when he got a 6-figure consulting gig w MBNA, then one of the largest credit card cos in the USA. Joe Biden was working on legislation to make it near impossible for consumers to discharge c/c debt in bankruptcy.
Wonder what the pmt to Hunter was for? https://t.co/OleCugx2DL
— Chris Buskirk (@thechrisbuskirk) October 19, 2020
Here’s more from the 2008 NY Times article:
During the years that Senator Joseph R. Biden Jr. was helping the credit card industry win passage of a law making it harder for consumers to file for bankruptcy protection, his son had a consulting agreement that lasted five years with one of the largest companies pushing for the changes, aides to Senator Barack Obama’s presidential campaign acknowledged Sunday.
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, who chose Mr. Biden as his vice-presidential running mate on Saturday, 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.