The Biden family misfortune continues, but it is no longer restricted to monkey-business with Burisma. One of the investment firms under scrutiny for ties to corruption and money-laundering in Ukraine received large taxpayer-backed “loans” from the Obama-Biden Administration.
Related: Ukrainian Burisma Money Laundering Indictment Points To People In the Obama White House
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 … 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.
The program derided by class warriors like Bernie Sanders funneled cash into the biggest and brightest in the banking industry. Joe Biden advocated for it as US Senator, then again as Vice President. It should not surprise us that connected friends and family not only found a way to profit; they ultimately ran your money through multiple Cayman Islands accounts to avoid federal taxes.
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.
All of this would have remained hidden, along with the corruption in Ukraine, if Hillary had won in 2016. It will all disappear if a Democrat wins in 2020. But before we even get to that, we need to wonder how much deeper this rabbit hole goes?
| Examiner
