Biden took out $250K line of credit against
Delaware beach home amid Hunter probe,
classified docs scandal
Fox News,
by
Joe Schoffstall
Original Article
Posted By: Imright,
2/3/2023 4:00:04 AM
FIRST ON FOX: President Biden secured a $250,000 line of credit against his Rehobeth Beach, Delaware, home as his son, Hunter Biden, faces an investigation into his tax affairs and amid his own classified documents scandal, records obtained by Fox News Digital shows.
Biden acquired the six-figure home equity variable rate line of credit from M&T bank on Dec. 5, 2022, Sussex County filings show. Biden and his wife, first lady Jill Biden, initially purchased the residence in 2017 for $2.74 million, according to county records.
It's unclear why Biden quietly secured the line of credit, which allows him to borrow up to a quarter of a million dollars against
Reply 1 - Posted by:
mifla 2/3/2023 4:51:18 AM (No. 1393481)
He probably wants to buy one of Hunters paintings, but Hunter refused to give him the friends and family discount.
25 people like this.
Reply 2 - Posted by:
PChristopher 2/3/2023 5:12:21 AM (No. 1393491)
Probably money laundering.
19 people like this.
Couldn't be for Hunter, could it? Hunter will be putting up a "go fund me" page!
Nothing left after all that crack and prostitutes, eh Hunter! Awww!
21 people like this.
Reply 4 - Posted by:
F15 Gork 2/3/2023 6:43:29 AM (No. 1393521)
Crooked lawyers (but I repeat myself) are expensive.
22 people like this.
Reply 5 - Posted by:
privateer 2/3/2023 7:34:42 AM (No. 1393555)
Perhaps he wants a source of 'clean' money to throw into Humper's defense. Using any of his bribe-sourced money might lead to an investigation of its origin.
25 people like this.
Reply 6 - Posted by:
Krause 2/3/2023 7:38:45 AM (No. 1393559)
I’ll-gotten gains drying up? Can’t afford the family expenses and maintaining the mansions?
11 people like this.
Reply 7 - Posted by:
homefry 2/3/2023 7:46:08 AM (No. 1393565)
Glenn Whitehead
12h
·
Emails from Hunter laptop from hell show why Hunter was on Burisma board and raking in dough from China, Ukraine, etc. Hunter had access to classified Federal information through his father and repackaged it as expertise while selling access to Joe.
That is what happened. This is way more than just lazy doc keeping. It is treason.
38 people like this.
Reply 8 - Posted by:
Clinger 2/3/2023 8:09:38 AM (No. 1393596)
Hey look I'm just a regular guy like you, it's not like I have millions of ill-gotten gains to draw from.
12 people like this.
Reply 9 - Posted by:
msjena 2/3/2023 8:24:33 AM (No. 1393611)
Where did Biden get nearly $3 million to purchase a second home? The brain-dead press never even questions this.
27 people like this.
Reply 10 - Posted by:
Venturer 2/3/2023 8:31:51 AM (No. 1393620)
He probably doesn't want to dig into one of his off-shore accounts.
16 people like this.
Reply 11 - Posted by:
bad-hair 2/3/2023 8:51:18 AM (No. 1393634)
I'd say bail money but I know Joe wouldn't G A S if his kid was in jail. Why at these interest rates is curious.
8 people like this.
Reply 12 - Posted by:
jhpeters2 2/3/2023 9:02:08 AM (No. 1393645)
Maybe we need to ask, or just assume Mr Powell is planning on the Fed lowering interest rates? Perhaps. As far as I know, there has not been one past US President that didn't have supporters who paid their legal fees (or post Presidency "retirement" homes). Variable rate loan for 1/4 million after a jump of a 1/4 percent... Really? Old lunch bucket Joe is creating theater - he is just like us when protecting his family - shouldn't we be giving him a break, for crying out loud? This is all for the cameras and talking points bulletins of the socialists.
6 people like this.
Reply 13 - Posted by:
padiva 2/3/2023 10:18:06 AM (No. 1393752)
Why???
Poppa should not need to front sonny-boy money for attys.
Sonny-boy can just make a lot of his paintings to make that much money.
Unless, of course, there are not enough classified documents to hide in the framings.
11 people like this.
Reply 14 - Posted by:
DVC 2/3/2023 2:20:21 PM (No. 1393973)
And the "loan" will never be repaid, I'm sure.
13 people like this.
Reply 15 - Posted by:
Jesuslover54 2/4/2023 5:24:00 AM (No. 1394393)
Faking it by making it seem he's broke. Total misdirection from the coffers of the Big Guy.
12 people like this.
Clearly the money laundering operation out of Ukraine has been disrupted, if the Big Guy needs some cash to pay for Hunter's lawyers.
7 people like this.
Reply 17 - Posted by:
Strike3 2/4/2023 8:44:52 AM (No. 1394495)
If he's planning to run away to Fiji he will need more than that. Island life is not cheap like it used to be.
4 people like this.
Reply 18 - Posted by:
Dodge Boy 2/4/2023 9:10:07 AM (No. 1394525)
I thought Hunter had laundered millions for himself. Or is it all offshore and not accessible.
8 people like this.
Reply 19 - Posted by:
Zigrid 2/4/2023 10:31:34 AM (No. 1394604)
There is no way biden ran out of money...this was a sympathy play for biden...so he gets sympathy from WE peasants....with the millions he and his son got from china...you'll never make me believe that he's out of money....he wants to make himself one of the common folk who struggle with the inflation he caused...he wants me to believe that his life is tough...well... he doesn't have to buy groceries...or gas for his car...or fuel for Air Force One...even his clothes are provided for him...thanks to taxpayers...give me a break....
8 people like this.
Reply 20 - Posted by:
PrayerWarrior 2/4/2023 11:10:17 AM (No. 1394648)
Question. How does a man, who has never held a job in the public world, own at least THREE (3) Million Dollar $$$ homes? Congressmen and Senators do not earn enough on their salaries to buy a Million Dollar Home, buy expensive cars, and live the life of a millionaire unless they are on the take! Sigh! It looks like there's a lot of politicians in D.C. who have done just that! Many have become millionaires like Joe after they went to D.C. and sold out.
There should be a law like P.E.L.O.S.I. to stop that. Sen. Josh Hawley, R-Mo., introduced the PELOSI Act, officially the Preventing Elected Leaders from Owning Securities and Investments Act, requiring members and their spouses to divest any holdings or put them in a blind trust within six months of entering office.
3 people like this.
Reply 21 - Posted by:
Yo Yo 2/4/2023 1:33:55 PM (No. 1394773)
I'm hoping that paying for expensive lawyers empties the Biden bank accounts. That's what the Just Us Department did to hundreds of Trump allies with their malicious prosecutions. It broke a lot of them (think Gen Flynn). The Bidens deserve a taste of their own medicine.
1 person likes this.
Reply 22 - Posted by:
danu 2/4/2023 8:11:30 PM (No. 1395144)
so the mao tse tung (M&T) bank secures credit lines for their demonic minions.
who knew?
0 people like this.
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