This is a pretty garbled account of Hunter Biden's association with MBNA, which is a major issuer of credit cards in the U.S. and Canada. I'm basing my comments on the timeline that this article shows. https://www.newyorker.com/magazine/2019 ... s-campaignajax18 wrote: ↑Sat Jul 29, 2023 11:39 amThis is the transcript of Ben Shapiro's podcast. Ask Res Ipsa how many people make partner at a major law firm like MBNA after just two years.Doctor Steuss wrote: ↑Fri Jul 28, 2023 5:42 pm
Somebody should probably investigate that. Like, maybe, the House GOP. Maybe they could even publish a report of their findings.
Senator Biden was the champion at the time of a bankruptcy reform that financial institutions like MB&A loved. MB&A was Senator Biden's largest source of campaign funds in that reelection. According to Byron York, according to FEC records, MB&A became, by far, Joe Biden's biggest single source of contributions. Company officials gave him $62,000 in the 1996 cycle.
Senator Biden and MBNA formed very tight ties. It's clear then, right after the election, Hunter was roped in. Hunter graduated law school in May 1996.
Within just a few months, he landed a job at MBNA. Less than two years after graduating law school at age 28, Hunter was a senior vice president at MBNA, which was his father's largest donor. Then Hunter passed through the revolving door to work at Bill Clinton's Commerce Department. After Clinton left office, Hunter cashed out and he went back to MBNA.
In the years, Hunter was a consultant for MB&A. MB&A was Senator Biden's largest source of campaign funds, easily. Employees and executives at MB&A give Biden more than 94 grand. So, yes, the corruption is endemic here.
By the way, no one becomes a partner at a law firm after two years. I went to Harvard Law School and then I worked at Goodwin Proctor, which is a major national law firm. You know how long it takes to become a senior associate at a major law firm? It will take you four, five, six years to become a senior associate.
To become a partner, you're talking like 15 years, two years to become a partner at MBNA, a major corporation. Yeah, there's something fishy going on here and there always has been, of course.
Hunter graduated from Yale Law School in 1996. I graduated from Harvard Law School 14 years before that, and brand new associates were walking into six figure starting salaries at New York/Washington law firms at that time. So, I don't find Hunter's six-figure starting salary 14 years later surprising at all. He was hired into MBNA's in-house legal department, which was not a private law firm but a department of a major corporation.
It's also not surprising that MBNA had changed from a Maryland corporation to a Delaware corporation at some point. For decades, Delaware was the most friendly jurisdiction for corporations in the U.S. And it's simply not surprising at all that a major Delaware corporation like MBNA would donate to election campaigns. (Do any of these articles disclose how much MBNA disclosed to candidates not named Joe Biden?)
In a private law firm, the typical track to partnership from brand new associate to partner was seven or eight years. But Hunter wasn't in a private law firm. He was hired into the in-house legal department of a major corporation. There is no comparable "partnership track."
Hunter didn't become a partner at MBNA -- he became an "executive vice president." What that actually means depends on his actual job responsibilities were and how many executive vice presidents MBNA had at the time. The title alone doesn't tell you anything.
What I can tell you, Ajax, is that family connections get lots of people lots of things, deserved or not. They get you into the top law schools even if your grades and LSAT scores are crap. They get you into jobs that people with comparable job experience and grades normally would ever get. And school connections work the same way. I went to law school with the daughter of a serving U.S. Ambassador -- I guarantee you there were doors open for her that were not open for me. That's just how it works. Hunter Biden is singled out because there are people who want to single him out. Oddly enough, it's the same people who really don't want to talk about Jarvanka.
