Republicans announced Friday that they had uncovered a “direct payment” to President Joe Biden — exactly the kind of evidence they’ve sought linking Biden to his family’s foreign business deals.
But the March 2018 payment came from Joe Biden’s brother James, not a Ukrainian oligarch or Chinese tycoon, and the check was marked as a “loan repayment.”
Still, House Oversight Committee Chair James Comer (R-Ky.), who obtained the records via subpoena, said the $200,000 check looks suspicious for the president.
“Does he have documents proving he lent such a large sum of money to his brother,” Comer said in a video, “and what were the terms of such financial arrangement?”
It’s nothing to the rich, they lend each other what we consider crazy sums all the time but to them it’s not a big deal since they have more than they’ll ever need. Joe isn’t fuck you rich, but he’s certainly comfortable enough that floating a sibling a house worth of cash isn’t out of question
I didn’t know for sure but $200k sounded cheap for house money. I looked it up - the median home price in the us is about 350k. Jesus.
Not in 2017. I had to look it up, but the U.S. median home price in 2017 was $235,000.
200k gets you a pretty decent place in some parts of the country even today, but in 2017 it was a nice house in many parts of the country
That money is used as the down payment on a commercial loan.