http://twitchy.com/dougp/2023/12/08/hmm-heres-the-question-of-the-week-about-bidens-loan-repayment-excuse-n2390640
You know, for some reason we're starting to think the Biden family might not be totally on the up-and-up.
As you've heard by now, Hunter Biden has been hit with nine new charges related to tax evasion and fraud. On the other end of the corruption spectrum, we have a House Oversight Committee impeachment inquiry looking into the dealings of Joe Biden. Here's the latest on what's being learned:
Miranda Devine (@mirandadevine) ~ Latest from @jsolomonReports - Banks filed at least 6 suspicious activity reports flagging Joe Biden's home address.
http://justthenews.com/accountability/political-ethics/least-6-suspicious-activity-reports-linked-joe-bidens-address-ron
At this point "suspicious activity" should be written in Latin on the Biden family crest:
Banks filed at least six reports concerning Hunter Biden's foreign business dealings that flagged President Joe Biden's home address in Delaware and raised concerns about possible criminal activity involving money laundering or human trafficking, according to a U.S. Senator who investigated the first family's finances for years.
Sen. Ron Johnson of Wisconsin, the top Republican on the Senate Permanent Subcommittee on Investigations, told the Just the News, No Noise television show Thursday night that the Suspicious Activity Reports (SARS) chronicled about $12 million in transactions over several years, some of which passed through Joe Biden's Wilmington, Del., home where he had allowed his son to stay.
Rep. James Comer of the Oversight Committee has shared checks made out to Joe Biden which have "loan repayment" written in the memo section. Most Democrats are taking that at face value of course. The latest Biden excuse is that one check made out to Joe was a loan repayment so Hunter could buy a truck:
Oversight Committee (@GOPoversight) ~ 🚨 BREAKING 🚨 - Hunter Biden’s business entity, Owasco P.C., made DIRECT monthly payments to Joe Biden.
@RepJamesComer explains ... 👇
Video ~ http://twitter.com/i/status/1731719819169255772
Hunter Biden's business entities and Joe Biden's brother cutting him "loan repayment" checks have brought up a very good question, and here it is:
David Asman (@DavidAsmanfox) ~ A friend, who’s not a bank examiner, asked a wonderfully simple question about all those “loan repayments”:
“If it was strictly Hunter and his uncle making the millions and not Joe, why did they need loans from Joe?”
Questions that make you go HMM.
Virginia Kruta (@VAKruta) ~ An excellent question.
Andrea E (@AAC0519) ~ Where are the loan agreements? What record beside "repayment" is there?
David Asman (@DavidAsmanfox) ~ So far the Biden family has offered no evidence of an original loan.
Yep ... where is the evidence of the origination of the loans in the first place, eh? And, oh by the way, under Section 7872 of the Internal Revenue Code, fair market interest rates must be accrued for income tax purposes on loans in excess of $10,000 between related parties. Therefore, any interest accrued to "The Big Guy" that wasn't actually paid is still picked up as taxable income to Joe and then treated as gifts from Joe to Hunter and Joe's brother.
Look at all the money Hunter Biden was spending (except not on taxes) according to the indictments -- millions of dollars -- but he needed a loan from his dad to buy a truck?
Damn good thing that Joe was saving up his 10% of the payola, eh, Hunter?
The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence
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