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Thread: Biden's son paid by lobbyist....

  1. #1
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    Biden's son paid by lobbyist....

    [QUOTE][B]MBNA Paid Biden Son At Critical Time For Bill
    Credit Card Company Paid Biden Son While Father Pushed For Bill The Industry Wanted[/B]

    WASHINGTON, Aug. 25, 2008

    (AP) [B]A son of Democratic vice presidential candidate Joe Biden was paid an undisclosed amount of money as a consultant by MBNA, the largest employer in Delaware, during the years the senator supported legislation that was promoted by the credit card industry and opposed by consumer groups.[/B]

    Barack Obama's presidential campaign said Biden helped forge a bipartisan compromise on the measure, which is now law and makes it harder for consumers to obtain bankruptcy protection in the courts.

    MBNA's consulting payments to Hunter Biden, first reported by The New York Times, followed his departure in 2001 from the company, where he had been an executive.

    Obama opposed the bankruptcy law, enacted in 2005, while Biden supported it.

    David Wade, a spokesman for the Obama campaign, said that "after working in the Clinton administration in the Department of Commerce on Internet privacy and online commerce issues, Hunter consulted for five years as an expert on these very same issues at a time of enormous expansion in online banking."

    At the time Hunter Biden was receiving consulting payments from MBNA, he also was a Washington lobbyist at a firm he had co-founded.

    "He was not a lobbyist for MBNA, and his work had absolutely nothing to do with the bankruptcy bill. Zero. Nothing," said Wade.

    Resurrecting Biden's role in the bankruptcy legislation could undercut one of the Obama campaign's lines of attack: That his Republican opponent, John McCain, is insensitive to the financial woes of middle-class Americans.

    Consumer and civil rights groups and unions, as well as Democratic opponents, had argued that the bankruptcy legislation was unfair to low-income working people, single mothers, minorities and the elderly, and would remove a safety net for those who have lost their jobs or face mounting medical bills.

    The financial services industry made the case that bankruptcy frequently is a refuge of gamblers, impulsive shoppers, divorced or separated fathers avoiding child support, and multimillionaires who buy mansions in states with liberal exemptions to shelter assets from creditors.

    When the Senate Judiciary Committee approved the bill early in 2005, Biden, Dianne Feinstein of California and Herb Kohl of Wisconsin were the only Democrats to vote with the Republican majority. Biden also voted for the bill on final passage in the Senate, while Obama voted against it.

    MBNA employees have poured more than $200,000 into Biden's Senate campaigns over the past two decades, making donors working for the credit card company the senator's largest source of campaign money.

    On the bankruptcy bill, the senator "took plenty of knocks from the largest employer in his state because he demanded changes," said Wade, the Obama campaign spokesman. "Sen. Biden improved the bill for low-income workers, women, and children. There were times when he believed amendments on both sides would have blown up a bipartisan compromise backed by three quarters of the Senate. At those moments, Sen. Biden had to make the tough calls and he voted to pass a bill."

    In a separate matter in which Hunter Biden's lobbying activities were referenced, he and Biden's brother Jim have been sued for allegedly defrauding an ex-business partner.

    In the lawsuit filed last year in state court in New York, Anthony Lotito says that he got a call from Jim Biden in early 2006 saying that Sen. Biden was concerned with the impact that Hunter's lobbying activities might have on the senator's expected campaign for the 2008 Democratic presidential nomination.

    According to the lawsuit, Jim Biden said his brother had asked him to seek Lotito's assistance in finding employment for Hunter in a non-lobbying capacity.

    The lawsuit says that Lotito later was cut out of a business arrangement with Jim and Hunter Biden to purchase a Wall Street hedge fund.

    Nicholas Gravante, a lawyer for the Bidens, sai that Lotito's claim that Sen. Biden told his brother that he was concerned about his son's lobbying activities is completely baseless.

    "There is absolutely no connection between Joe Biden and this lawsuit. The case is without merit and it will be dismissed," said Gravante, a partner at the firm of Boies, Schiller & Flexner.[/QUOTE]

    [url]http://www.cbsnews.com/stories/2008/08/25/ap/politics/main4383450.shtml[/url]

  2. #2
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    why aren't you posting articles about mccains shady dealings.. i mean, they are definitely out there - a simple google search will confirm that.. oh wait.. could it be you dont actually give a shat about them.. unless they're conducted by a non-member of the repubs? my bad..

  3. #3
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    I love it, the battle of the VP dirt threads.

  4. #4
    [quote]"He was not a lobbyist for MBNA, and his work had absolutely nothing to do with the bankruptcy bill. Zero. Nothing," said Wade.[/quote]

    Still only reading headlines I see.

  5. #5
    [QUOTE=SMC;2721060]I love it, the battle of the VP dirt threads.[/QUOTE]

    LOL, man I was thinking the same thing sifting through all these threads.

  6. #6
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    Not for nothing but are there any politicians in this world that have a nice clean background? This is getting ridiculous.

  7. #7
    [QUOTE=shuler82;2721058]why aren't you posting articles about mccains shady dealings.. i mean, they are definitely out there - a simple google search will confirm that.. oh wait.. could it be you dont actually give a shat about them.. unless they're conducted by a non-member of the repubs? my bad..[/QUOTE]

    That post, coupled with your avatar, speaks volumes.

  8. #8
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    [QUOTE]MBNA employees have poured more than $200,000 into Biden's Senate campaigns over the past two decades, making donors working for the credit card company the senator's largest source of campaign money.[/QUOTE]


    Change we can believe in :rolleyes:

    More like "Just Another B.S. Artist"

  9. #9
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    [QUOTE=sourceworx;2721905]Change we can believe in :rolleyes:

    More like "Just Another B.S. Artist"[/QUOTE]

    Wow a senator from Delaware getting campaign donations from banks.

    Shocking

  10. #10
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    [QUOTE=Buster;2722203]Wow a senator from Delaware getting campaign donations from banks.

    Shocking[/QUOTE]

    He got a lot of money in donations from banks, then voted for a law that helped those banks and hurt the people Obama says he's going to help.

    It's not shocking. It just shows Obama and company are not the proponents of change that they claim to be. They're lying politicians just like the rest of them.

    [QUOTE][B]Barack Obama's presidential campaign said Biden helped forge a bipartisan compromise on the measure, which is now law and makes it harder for consumers to obtain bankruptcy protection in the courts.[/B][/QUOTE]

  11. #11
    [QUOTE=ChadLover;2721875]Not for nothing but are there any politicians in this world that have a nice clean background? This is getting ridiculous.[/QUOTE]
    Yeah, Sarah Palin. Dems are desperately trying to trash her and in the process are making themselves look sleazy...and it's not working.

  12. #12
    [QUOTE=sackdance;2722312]Yeah, Sarah Palin. Dems are desperately trying to trash her and in the process are making themselves look sleazy...and it's not working.[/QUOTE]

    No she doesn't. She hates America. She wants her homestate to secede. :P

  13. #13
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    [QUOTE=Klecko73isGod;2722323]No she doesn't. She hates America. She wants her homestate to secede. :P[/QUOTE]

    Maybe she doesn't like Alaska being so close to Pelosi's sweatshop vineyards in Cali...

  14. #14
    [QUOTE=Klecko73isGod;2722323]No she doesn't. She hates America. She wants her homestate to secede. :P[/QUOTE]

    Because of dumb ass liberals who are trying to run a state they dont live in!

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