SayAnything Blog
Biden’s Son Was A Consultant For A Credit Company Biden Helped In The Senate
Comments (0) | Full Version | Back
Rob - 02:08pm on 08/25/2008

As it turns out, during the years Joe Biden was working on behalf of credit companies to pass a law that would make it harder for credit card customers to file for bankruptcy Biden’s son just happened to be working as a “consultant” for one of the companies that stood to benefit a great deal from the company.

Which was just a coincidence, I’m sure.

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. …

Mr. Biden’s support for the bankruptcy changes, which were signed into law in 2005, puts him at odds with Mr. Obama of Illinois, who opposed the bill and has criticized the presumptive Republican nominee, Senator John McCain of Arizona, for supporting it. Consumer advocates and other Democratic allies remain sharply critical of Mr. Biden’s actions, saying in recent days that they could hamper the campaign’s efforts to attack the Republicans over their handling of the nation’s credit crisis.

Outside of the fact that Biden was on the opposite side of Obama on the credit issue, we’re also confronted with the problem of Biden having a conflict of interest with his son working for one of the major companies who were lobbying to see the legislation Biden was supporting passed.

That’s not change we can believe in.


Read Comments (0)