Interesting... getting warmer.
All we need is already out there.......but these are nice tidbits.
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Hunter Biden-linked company received $130M in special federal loans while Joe Biden was VP
Financial experts say the offshore corporate structure is used to shield earnings from US taxes
Washington Examiner ^ | November 21, 2019 | Alana Goodman / FR Posted by gattaca
Federal records show 177 well-connected (read politically-connected) firms participated in TALF.
For investors, there was little risk w/ rewards guaranteed. The Federal Reserve (read taxpayers) funded as much as 90% of the investments.
If bonds were profitable, the borrowers benefited. If not, the department took over the depreciated assets with no repercussions for borrowers.
Then-Sen Joe Biden was a key advocate for the financial bailout, which was expanded under Obama.
Joe Biden even delayed his 2009 Senate exit to cast his final vote to increase funding for the Program before taking office as Obama's VP.
Biden said about the massive giveaway: "Had we not bailed out the large banks, there would have been a flat-out depression.”
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www.federalreserve.gov
The Fed - Term Asset-Backed Securities Loan Facility (TALF)-----Under the program, the Federal Reserve issued nonrecourse loans with a term of up to five years to holders of eligible ABS. The financing provided through the TALF was intended to enhance demand for ABS and thereby spur new issuance of ABS in order to increase the flow of credit to households and businesses.