October 24, 2012
James Biden to get $100 Million PLUS.
This is huge!
“How was it that HillStone, a newcomer in the business of home building, landed a massive and potentially lucrative contract to build 100,000 homes in war-torn Iraq?
Richter didn’t mince words. It really helps, he said, to have “the brother of the vice president as a partner,” according to a person who was present.
The “brother” Richter was referring to during the meeting is James Biden, the younger brother of Vice President Joe Biden.
Since November 2010, James Biden has been the executive vice president of Hill International’s housing subsidiary despite little if any documented work history in residential construction. And if the company’s projections are accurate, both Hill and Biden are on the verge of a huge payday, beneficiaries, some analysts believe, of James Biden’s connections to the Obama Administration through his older brother.
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It’s Not What You Know But Who You Know
Still, Richter concedes that the Obama Administration has played a role in landing the assignment for Hill—and that James Biden’s political skills often come in handy.
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But (James Biden’s)bio cites no specific business-related post that he has held in the past, though it says that at “the age of 22, (James) Biden was the finance chairman of his then 29-year-old brother’s bid for a U.S. Senate seat in Delaware and successfully enlisted the support of national unions, political leaders and financiers across the country.”
James Biden, for his part, declined repeated attempts by FOX Business to comment on Iraq and his larger role at Hill, which now includes selling affordable housing developments, particularly in third-world countries. Press officials for Vice President Biden didn’t respond to an email or a telephone call for comment.”
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H/T VaRight
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