Home Politics MSM Ignores Hunter Biden Buds’ $130 Million Taxpayer Cookie Jar Raid

MSM Ignores Hunter Biden Buds’ $130 Million Taxpayer Cookie Jar Raid

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On Thursday, the Washington Examiner reported that an investment firm central to Hunter Biden’s financial dealings received more than $130 million in federal bailout loans while Joe Biden was vice president.

Devon Archer (far left) is pictured with Joe and Hunter Biden. (Screenshot from Twitter)

Rosemont Capital – named after former Secretary of State John Kerry’s 90-acre Heinz family estate outside of Fox Chapel, Pennsylvania – was founded by Hunter Biden, Christopher Heinz, and longtime friend Devon Archer.

According to the report, Rosemont was one of just 177 firms to participate in Obama’s 2009 Term Asset-Backed Securities Loan Facility (TALF), which issued billions of dollars in favorable loans to investors who agreed to buy bonds from struggling banks, including college and auto loans.

The Federal Reserve funded as much as 90% of the investments. If the bonds were profitable, the borrowers benefited. If not, the department agreed to take over the depreciated assets with no repercussions for the borrowers.

Under the terms for the program, any U.S. company looking to invest in select categories of bonds was eligible to apply for the loans. However, the Treasury Department and Federal Reserve maintained the “right to reject a borrower for any reason,” and the internal selection process was criticized by some lawmakers as opaque and open to corruption.

One of the firms that benefited was Rosemont Capital, a company led by Hunter Biden’s business partners, Chris Heinz and Devon Archer. The firm received the loans at a crucial time for Hunter Biden. The younger Biden had stepped down from his lobbying business in late 2008, reportedly due to pressure on his father’s vice presidential campaign. –Washington Examiner

And while the Examiner reviewed “federal banking and corporate records” for their report, the MSM is completely silent about this obvious graft.

CNN, NBC, MSNBC, ABC, CBS and FOX have all been radio silent on this report.

Imagine if an investment firm established by Trump Jr., Nicholas Pompeo and a college roommate received a similar government handout?

“This is a great example of the suspicion of many Americans that these bailouts were used to benefit connected insiders while ordinary Americans went broke,” said Tom Anderson, director of the Government Integrity Project at the National Legal and Policy Center, an organization that was critical of TALF at the time.

Who else got handouts?

According to the report, “In April 2011, Rolling Stone reported that millions in TALF loans had been issued to the wife of Morgan Stanley Chairman John Mack, Miami Dolphins owner H. Wayne Huizenga, and Wall Street titan John Paulson, dubbing the program “welfare for the rich.””

“Our jaws are literally dropping as we’re reading this,” said Bernie Sanders aide, Warren Gunnels. “Every one of these transactions is outrageous.”

via zerohedgefinance

15 COMMENTS

  1. No kidding. And here is why.

    “One of the firms that benefited was Rosemont Capital, a company led by Hunter Biden’s business partners, Chris Heinz and Devon Archer.”

    Gee Hunter Biden, connected to VP Biden.
    Chris Heinz & Devon Archer, connected to John Kerry of the State Department.

    And let’s not forget John Kerry’s state department head after leaving joined what? Birmisa board. Wonder what his payout was?

    MSM is a globalist machine to do “damage control”. No REAL news here. They just took a page out of Hitler’s book to suppress REAL news. Hey China knows how to suppress news too. Or any socialist country as well.

    GOD BLESS PRESIDENT TRUMP! GOD BLESS THE USA!

  2. https://www.breitbart.com/2020-election/2019/11/22/joe-biden-lindsey-graham-will-regret-investigating-me-his-whole-life/

    Hey Slow Joe, in my eyes, I see this as an attack on a State Representative. I know you got away with your rude, I’m the boss, attitude in Ukraine and under the 4th Branch of Government, but you are a private citizen now, connected thoroughly with a HUGE scandal.

    I take offense to your attack. And I believe when this all come out YOU will regret what you allowed to happen, by granting your son access to the State Department for his foreign concerns, along with giving taxpaying dollars to your son and the State Department head Kerry’s sons.

    Thank you to Senator Graham. May you continue this journey of truth for the BENEFIT of the USA. The American people who Mr. Biden seems to have forgotten he represented as VP under the Obama Administration, another “NON-AMERICA FIRST” administration.

    GOD BLESS PRESIDENT TRUMP! GOD BLESS THE USA!

  3. https://www.breitbart.com/clips/2019/11/22/biden-i-hope-senators-trying-trump-realize-theyll-go-down-in-history-as-to-whether-they-followed-rules/

    “Biden said there is “no doubt” President Trump “has asked foreign countries to interfere in our electoral process,” and it’s “a violation of the Constitution to do that.”

    Sorry Slow Joe, you are confused. It’s YOU and Obama that interfered with our electoral process. You know that “insurance policy” you had to make sure Hilary got in? lol

    “I believe he should be impeached, and have the Senate try whether or not they are high crimes and misdemeanors that would cause him to be thrown out of office. That’s a decision for them to make. I hope they have the courage — I hope they remember, this is a moment when their record is going to go down in history as to whether they played it by the rules.”

    Played by the rules? YOU and the Obama Administration with your 4th Branch MADE UP the rules as you went along. The “Schiff Show” proves that rules were thrown out and Dictatorship rules or should I say “Open Society” rules played a huge part of this Schiff circus.

    No History is repeating itself. Nixon was impeached for spying. A Republican. Now history will show what the Democrats did when they SPIED on a Republican candidate. Gee, Nixon just spied. Democrats played globalist games which made them and their family members VERY wealthy using taxpayer dollars.

    “‘Those who do not learn history are doomed to repeat it. ‘ The quote is most likely due to writer and philosopher George Santayana, and in its original form it read, “Those who cannot remember the past are condemned to repeat it.”

    Yep such a true quote there Slow Joe. I REMEMBER, and I DON’T want to repeat this again! Time to make those who “forgot” to pay the price. WE the People deserve it!

    GOD BLESS PRESIDENT TRUMP! GOD BLESS THE USA!

  4. https://www.breitbart.com/clips/2019/11/22/booker-politics-be-damned-impeaching-trump-is-the-right-side-of-history/

    “First of all, it’s good for history. People are going to look back and see how did we deal with a situation when a president who was violating their oath, compromise national security, and really undermining the values and virtues that we believe that office should uphold. So, to do nothing is unacceptable for me. Politics frankly be damned, I want to be on the right side of history and say this behavior for a United States President is not only unacceptable but qualifies for impeachment and removal from office.”

    Shut up Booker. Politics be damned? Where were you on the “side of history” when Biden, Kerry and Obama were having a field day with taxpayer money in the 4th Branch of Government? And not just in Ukraine, but in Benghazi, in Mexico (fast and furious).

    You will never be on the right side of history because you are a Globalist Democrat. History is repeating itself and it will show how you (never a word) and your ilk tried to strip this Country of it’s Constitution and using a 4th Branch as your Dictatorship/Socialist/Communist regime to control American people and fleece them of what THEY earned.

    You are pathetic. Say Hi to your imaginary friend T-Bone for me, lol. Because that’s the fantasy world which you and your dem friends live. You too Van Drew.

    GOD BLESS PRESIDENT TRUMP! GOD BLESS THE USA!

  5. https://www.breitbart.com/economy/2019/11/22/senate-report-careless-elites-help-china-steal-americans-technology/

    Hey Slow Joe, which careless elites were allowed to steal american’s technology?

    “This report follows an eight-month investigation into how the American taxpayer has, in effect, unwittingly funded research that has contributed to China’s global rise over the past 20 years,”

    Gee, was that the trade off for Hunter to get his big loan from China? Wow, how generous you and your elites are with OUR Money and OUR technology.

    “Portman’s report also did a favor for U.S. companies and universities by downplaying the visa programs that allow companies, universitie, and even the government to hire foreign graduates for critical research and development.

    For example, universities employ roughly 100,000 visa workers via the H-1B, J-1, Optional Practical Training and other programs. This massive recruiting sidelines Americans and lower-risk Europeans at universities.”

    Universities? the socialist/communist recruitment centers?

    “Overall, roughly 1.5 million foreign graduates hold U.S. jobs through visa programs, including many jobs giving them access to vital networks, healthcare data, and personal financial data. Legislators in the House and GOP Senators are trying to expand those visa programs via the H.R.1044 and S.386 bills.”

    Nope don’t expand it! How much more taxpayer money and technology that WE the People PAID for are you going to just give away to other Countries for your Globalist “We are the World” plan?

    The only ones that are getting the shaft are the AMERICAN People. Now that goes to show you why so many HATE President Trump’s “America First” Agenda.

    GOD BLESS PRESIDENT TRUMP! GOD BLESS THE USA!

  6. No wonder the Dems want to impeach Trump……All our govt agencies are run by die hard Dems… know where all the slush fund $$$ are. Stuff their pockets full . Watching these “career” diplomats at Shifts Kangaroo court it is quite clear that only Dems belong to the club. They are in control… no matter who is Pres. Repub Outsiders. Not only did Bidens kid get millions, the rest of the Biden family, John Kerry, John Kerry’s son and his step son the multimillion Heinz heir got millions of $$$$$. Also these same crooks got millions from Obumo solar defrauding of the Taxpayers Now these are just 2 deals these crooks are involved in. If Biden and Kerry were able to steal millions on 2 deals… how much was stolen by the rest of the Dems over the years. And Obumo was the leader of the gang… on all the money laundering. So are we up to the billions$$$ in theft from the taxpayers in just 8 years of Obumo??? And not to forget Biden and Kerry have been in DC for what .. 40++++ years. Wheeling and dealing.

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  8. People need to keep sending this type of info to the MSM so that if we can have the shit hit the fan they can he shown to what they truly are a Propaganda Machine for the DNC

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