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Today's news the Swamp won't report: Business Week notes that while the rest of the country is in a recession, Washington DC is booming. Surprised? See http://reason.com/blog/show/131826.html for more.
Posted by: Inconvenient Truth | February 24, 2009 8:46 AM
Will the Swamp PLEASE report the longtime connections between indicted Texas financier Allen Stanford, particularly his business arrangements between Hunter and Beau Biden, the sons of the Vice President. One is a lobbyist and the other is waiting to run for his Dad's old senate seat. I guess, just like in Chicago, public corruption is no big deal to the Tribune.
A fund of hedge funds run by two members of Vice President Joe Biden’s family was marketed exclusively by companies controlled by Texas financier R. Allen Stanford, who is facing Securities and Exchange Commission accusations of engaging in an $8 billion fraud.
The $50 million fund was jointly branded between the Bidens’ Paradigm Global Advisors LLC and a Stanford Financial Group entity and was known as the Paradigm Stanford Capital Management Core Alternative Fund. Stanford-related companies marketed the fund to investors and also invested about $2.7 million of their own money in the fund, according to a lawyer for Paradigm. Paradigm Global Advisors is owned through a holding company by the vice president’s son, Hunter, and Joe Biden’s brother, James.
Posted by: Jeff | February 24, 2009 10:18 AM
Yes, Swamp, report the actual facts and not Jeff's "spin" and innuendo. There are no indications of any direct ties between any of the Bidens and Stanford himself, and certainly no suggestions of "corruption."
Posted by: mort | February 24, 2009 1:17 PM