Monday, May 13, 2019

Quid pro quo Joe

I did a spit take at this one:
He [Joe Biden] also said that “China’s greatest violation is the way in which they steal our intellectual property. We should make it quid pro quo.”
Oh, Joe knows a thing or two about squeezing some "concessions" out of Red China:
In 2013, then-Vice President Joe Biden and his son Hunter Biden flew aboard Air Force Two to China. Less than two weeks later, Hunter Biden’s firm inked a $1 billion private equity deal with a subsidiary of the Chinese government’s Bank of China. The deal was later expanded to $1.5 billion. In short, the Chinese government funded a business that it co-owned along with the son of a sitting vice president.
Hunter Biden had no previous experience in either private equity or China yet - somehow - his little Rosemont Seneca Partners pulled in an international billion-dollar deal.  Amazing, that.

1 comment:

Roger Bournival said...

How else are you gonna get private equity experience if you're the son of a then sitting VPOTUS?