Ace of Spades HQ

« Liberal Media Democrat Joe Scarborough: It's Time We Democrats Had an Uncomfortable Discussion About Joe Biden's Diminished Cognitive Function | Main | Impeachment Thread »

November 21, 2019

Another of Hunter Biden's Paymasters Received $130 Million In Special Federal Loans While Pop-Pop Was Vice President

Oh.

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.

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.

posted by Ace of Spades at 04:15 PM

| Access Comments

Sponsored Content
Advertise Here! Intermarkets' Privacy Policy Support Donate to Ace of Spades HQ! Recent Entries Overnight Thread: Memorial Day – 5/29/2023 Samurai City Cafe Repost: A Very Special Guest Post from Tom Friedman The Rise of the One Party State Doc_0: You Can't Libertarian Your Way Out of Tyranny Ireland Is On the Cusp of Criminalizing Speech Defense Secretary Lloyd Austin and Chair of the Joint Chiefs General Milley Both Lie to Congress, Claiming the Military Doesn't Support Drag Queen Story Hours "When You Go Home, Tell Them of Us and Say, For Your Tomorrow We Gave Our Today" THE MORNING RANT: AB Distributor Abandons Bud Light to Promote Alternative Light Beer; Other Musings on Being a Franchisee/Distributor for a Woke Corporation Mid-Morning Art Thread Absent Friends westminsterdogshow 2023 Ann Wilson(Empire1) 2022 Dave In Texas 2022 Jesse in D.C. 2022 OregonMuse 2022 redc1c4 2021 Tami 2021 Chavez the Hugo 2020 Ibguy 2020 Rickl 2019 Joffen 2014 Cutting The Cord And Email Security Cutting The Cord [Joe Mannix (not a cop)] Cutting The Cord: It's Easier Than You Think [Blaster] Private Email and Secure Signatures [Hogmartin] Moron Meet-Ups NoVaMoMe 2023: 06/10/2023 Registration closes May 31st. Texas MoMe 2021: 10/2o/2023-10/21/2023 Corsicana,TX Contact Ben Had for info	« Liberal Media Democrat Joe Scarborough: It's Time We Democrats Had an Uncomfortable Discussion About Joe Biden's Diminished Cognitive Function \| Main \| Impeachment Thread » November 21, 2019 Another of Hunter Biden's Paymasters Received $130 Million In Special Federal Loans While Pop-Pop Was Vice President Oh. 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. 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. posted by Ace of Spades at 04:15 PM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments Tonypete: "Good evening everyone. To absent friends!! ..." nurse ratched : "Thank You for the ONT, Buck. ..." Ciampino - Nature gives us chillies: "never ..." That Northern skulker: "14 https://youtu.be/CBPSr4TsQkI Lovely song Po ..." Every child has a normal childhood, we're watching it be used as an attack: "Charlotte is imported yankee banksters, just sayin ..." Cicero (@cicero43): "[i]Do they fetch different prices depending on sme ..." CppThis: "[i]206 “CHARLOTTE, N.C. — A paramedic ..." NL : "https://youtu.be/CBPSr4TsQkI Lovely song ..." Tonypete: "His fear gene has to be severely stunted and malno ..." Ciampino - Nature gives us chillies: "They also had school girls that would sell their u ..." BifBewalski [/s] [/u] [/i] [/b]: " I think he says that bike made his H2R seem like ..." Tom Servo: "Black aragorn shot up Florida. He thought the or ..." Recent Entries Overnight Thread: Memorial Day – 5/29/2023 Samurai City Cafe Repost: A Very Special Guest Post from Tom Friedman The Rise of the One Party State Doc_0: You Can't Libertarian Your Way Out of Tyranny Ireland Is On the Cusp of Criminalizing Speech Defense Secretary Lloyd Austin and Chair of the Joint Chiefs General Milley Both Lie to Congress, Claiming the Military Doesn't Support Drag Queen Story Hours "When You Go Home, Tell Them of Us and Say, For Your Tomorrow We Gave Our Today" THE MORNING RANT: AB Distributor Abandons Bud Light to Promote Alternative Light Beer; Other Musings on Being a Franchisee/Distributor for a Woke Corporation Mid-Morning Art Thread Search Search this site: Polls! Polls! Polls! Federal Review Real Clear Politics Rasmussen Reports Gallup Zogby Sabato/Crystal Ball Frequently Asked Questions What is the Deal with the Cowbell? Why is the Ace of Spades called "the Death Card"? The (Almost) Complete Paul Anka Integrity Kick Primary Document: The Audio Paul Anka Haiku Contest Announcement Integrity SAT's: Entrance Exam for Paul Anka's Band AllahPundit's Paul Anka 45's Collection AnkaPundit: Paul Anka Takes Over the Site for a Weekend (Continues through to Monday's postings) George Bush Slices Don Rumsfeld Like an Fckin' Hammer Top Top Tens Democratic Forays into Erotica New Shows On Gore's DNC/MTV Network Nicknames for Potatoes, By People Who Really* Hate Potatoes Star Wars Euphemisms for Self-Abuse Signs You're at an Iraqi "Wedding Party" Signs Your Clown Has Gone Bad Signs That You, Geroge Michael, Should Probably Just Give It Up Signs of Hip-Hop Influence on John Kerry NYT Headlines Spinning Bush's Jobs Boom Things People Are More Likely to Say Than "Did You Hear What Al Franken Said Yesterday?" Signs that Paul Krugman Has Lost His Frickin' Mind All-Time Best NBA Players, According to Senator Robert Byrd Other Bad Things About the Jews, According to the Koran Signs That David Letterman Just Doesn't Care Anymore Examples of Bob Kerrey's Insufferable Racial Jackassery Signs Andy Rooney Is Going Senile Other Judgments Dick Clarke Made About Condi Rice Based on Her Appearance Collective Names for Groups of People John Kerry's Other Vietnam Super-Pets Cool Things About the XM8 Assault Rifle Media-Approved Facts About the Democrat Spy Changes to Make Christianity More "Inclusive" Secret John Kerry Senatorial Accomplishments John Edwards Campaign Excuses John Kerry Pick-Up Lines Changes Liberal Senator George Michell Will Make at Disney Torments in Dog-Hell Greatest Hitjobs The Ace of Spades HQ Sex-for-Money Skankathon A D&D Guide to the Democratic Candidates Margaret Cho: Just Not Funny More Margaret Cho Abuse Margaret Cho: Still Not Funny Iraqi Prisoner Claims He Was Raped... By Woman Wonkette Announces "Morning Zoo" Format John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia World Muslim Leaders Apologize for Nick Berg's Beheading Michael Moore Goes on Lunchtime Manhattan Death-Spree Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears Liberal Economists Rue a "New Decade of Greed" Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility Intelligence Officials Eye Blogs for Tips They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq Leather-Clad Biker Freaks Terrorize Australian Town When Clinton Was President, Torture Was Cool What Wonkette Means When She Explains What Tina Brown Means Wonkette's Stand-Up Act Wankette HQ Gay-Rumors Du Jour Here's What's Bugging Me: Goose and Slider My Own Micah Wright Style Confession of Dishonesty Outraged "Conservatives" React to the FMA An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear The Story the Rightwing Media Refuses to Report! Our Lunch with David "Glengarry Glen Ross" Mamet The House of Love: Paul Krugman A Michael Moore Mystery (TM) The Dowd-O-Matic! Liberal Consistency and Other Myths Kepler's Laws of Liberal Media Bias John Kerry-- The Splunge! Candidate "Divisive" Politics & "Attacks on Patriotism" (very long) The Donkey ("The Raven" parody) Syndicate this site (XML) Powered by Movable Type 2.64