Joe Biden’s brother secured $54 million in taxpayer funded foreign loans

  Well, well, well, if this story is true it looks like Joe Biden’s son Hunter was not the only Biden to profit off the family name while the Presidential candidate was Vice President of the United States.

  Joe Biden’s brother Frank seems to have gained a sudden interest in Costa Rican property right about the same time Joe Biden visited the nation as part of Barack Obama’s initiative to rebuild relations with Costa Rica. Here is more:

Frank Biden, the youngest brother of former Vice President Joe Biden, saw his business interests benefit from millions of dollars in taxpayer loans to Caribbean nations during the Obama years.

Frank Biden first set his sights on the region in 2009, as the Obama administration began to repair the U.S. relationship with Costa Rica. Tensions between the two countries flared under President George W. Bush, most notably on how to deal with drug trafficking.

When President Barack Obama entered the White House, he set out to mend fences in the region in hopes of inaugurating a new era of global cooperation. Leading the charge on that front was Joe Biden, who had long standing ties to the region from his tenure leading the Senate Foreign Relations Committee.

Shortly after the new administration took office, Frank Biden began scouting real estate opportunities in Costa Rica. A lawyer by training, Frank was undeterred by his lack of background in international development and decades old legal troubles at home.

  Note the lack of experience Frank Biden had in international development, does that sound familiar? Anyway, back to the story:

business opportunities were plentiful for Frank, especially after his brother paid a visit to the country.

“Just months after Vice President [Joe] Biden’s visit, in August, Costa Rica News announced a new multilateral partnership “to reform Real Estate in Latin America” between Frank Biden, a developer named Craig Williamson, and the Guanacaste Country Club, a newly planned resort,” Schweizer writes in his book

  And then he moved into the energy field with no experience, again this sounds familiar…

Frank, perhaps sensing a chance to make even more money, entered into a partnership with the Costa Rican National Power and Light Company (CNFL) to build a solar power complex in the country’s northwest region. The new facility would provide enough electricity to Frank’s resort, which was to be built in the vicinity.

The partnership with CNFL was secured even though Frank and his company, Sun Fund Americas, had no experience in the energy sector.

  And apparently he did not stop in Costa Rica and before all was said and done Frank Biden secured $54 million in taxpayer loans. There are even more details in the above-linked article but I think I finally understand what is motivating Joe Biden to run for President–his family cannot afford for him to be out of work any longer…

malo periculosam libertatem quam quietum servitium