Hunter Biden was paid an untold sum of money by the large credit card company based in Delaware, the state his father Joe Biden represented in the U.S. Senate from 1973 to 2009. And during those years, the senior Biden was backing a bankruptcy bill that became law in 2005, and helped the industry while hurting consumers.
The Trump campaign drew attention to the story with a “flashback” tweet citing a 2008 story by CBS News.
During the years the current Democratic presidential candidate was a senator, his son was being paid a consulting fee by the largest employer in Delaware — and he was only 21 years old at the time.
According to the CBS News story:
MBNA’s consulting payments to Hunter Biden, first reported by The New York Times, followed his departure in 2001 from the company, where he had been an executive.
Obama opposed the bankruptcy law, enacted in 2005, while Biden supported it…
At the time Hunter Biden was receiving consulting payments from MBNA, he also was a Washington lobbyist at a firm he had co-founded.