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Breitbart editor: Biden's and Kerry's sons inked deal with Chinese government after vice president's trip
A private equity firm managed by the sons of former Vice President  Joe Foreign Policy Whiz KidBiden The former Senator-for-Life from Delaware, an example of the kind of top-notch Washington intellect to be found in the World's Greatest Deliberative Body... and former Secretary of State John F. I was in Vietnam, you knowKerry Former Senator-for-Life from Massachussetts, self-defined war hero, speaker of French, owner of a lucky hat,conqueror of Cambodia, unsuccessful presidential candidate, and utterly failed Secretary of State... struck a deal with China's state-owned bank in 2013 at the same time that Biden was in the country to meet with Chinese President Xi Jinping. Hunter Biden, who arrived in China aboard Air Force Two alongside the vice president and the rest of the U.S. delegation, was at the time in control of Rosemont Seneca Partners LLC., a private equity firm that would go on to strike a deal with the state-owned Bank of China to create a $1 billion joint investment fund. In excerpts from his upcoming book, "Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends," Breitbart News senior editor-at-large Peter Schweizer writes that the China deal was part of a trend of high-stakes deals between the sons' investment firm ‐ under the Rosemont entities umbrella ‐ and foreign governments that were also in the middle of striking deals with the B.O. regime. Hunter Biden, along with Kerry's son by marriage Chris Heinz, control the Rosemont entities, which describes itself as "a $2.4 billion private equity firm." In December 2013, Hunter Biden met with top Chinese government fund leaders alongside managing partner Devon Archer and James Bulger, the nephew of notorious mobster Whitey Bulger, who controls a Massachusetts-based consultancy firm. The meeting took place just hours before the vice president met with senior Chinese officials. Ten days later, Rosemont entities inked a $1 billion deal with the bank of China. The deal was eventually increased to $1.5 billion. Deals made by the firm ‐ co-owned by the government of China and the two sons of top American officials ‐ would go on to have serious national security implications for the United States. One such deal was with the automotive subsidiary of Aviation Industry Corporation of China (AVIC), a major Chinese military contractor accused of frequently stealing U.S. military technology. Posted by: Skidmark 2018-03-16 |
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