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Tuesday, October 15, 2019

Hunter Biden Speaks

Hunter Biden has caved in after the WHERE'S HUNTER push by President Trump, and he has come forward to give an interview to a friendly reporter.  Even so, his statements in the interview were truly interesting. 

Here's my favorite.  Hunter was asked whether he would have gotten the job as a director of the Ukrainian gas firm Burisma if his last name were not Biden.  Hunter says, "probably not."  He well understands that his position was just the result of his father being vice president.

Hunter also says that the reason he flew to China on Air Force Two with his father wasn't to finalize the deal for the $1.5 billion investment fund (which he did on that trip).  No, it was because he took his daughter along on the trip.  That's right.  It was just an outing with the kid.  It's amazing that Biden could actually say this without laughing.

Biden also says that he focused on corporate governance during his time on the Burisma board.  Think about that.  Corporate governance is another way of saying shareholder rights.  A board focused on corporate governance is one that makes sure that management is doing things that will benefit the many shareholders of a public company.  But here's the problem:  Burisma is a private company which is controlled by one man, one Ukrainian oligarch who is closely connected with Vladimir Putin and the Russians.  In fact, when the government changed in Ukraine a few years back while Hunter was on the board of Burisma, the owner of the company fled to Moscow in order to avoid arrest.  There's no issue of corporate governance for a company like Burisma.  Someone obviously told Hunter to use that phrase as a cover story.

It's also interesting that in the interview, the reporter didn't bother to ask Hunter about his earlier forays into super-well-paying jobs gotten for him by his father.  Remember almost 20 years ago, Hunter was hired as a well paid "consultant" the bank MBNA which was one of the largest issuer of credit cards in the nation.  We are supposed to believe that it was just a coincidence that Old Joe Biden (then a senator) was leading a push for legislation that helped the credit card companies.

This interview raises as many questions as it tries to answer.  

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