October 29, 2023

CNN In Denial

Timothy Birdnow

Baghdad Bob is green with envy at CNN.

Politico Claims No ‘Smoking Gun’ of Biden Corruption After $200K Check Surfaces

Featuring an article by CNN, Playbook alleged:

Now that they have a speaker again, House Republicans can return to their impeachment investigation into Biden — but it’s unclear where it’ll go now,CNN’s Annie Grayer reports. Not only have they failed so far to turn up any smoking gun showing Biden corruption, but their momentum was sapped by the speakership chaos.

It appears Playbook did not know the House Oversight Committee remained active during the speakership battle, during which the committee revealed James Biden wrote a $200,000 check to Joe Biden in 2018.

The committee believes the $200,000 check is suspicious because the money flowed through a distressed entity, Americore, which loaned James Biden a total of $600,000. On March 1, 2018, AmericorewiredJames Biden $200,000. That same day, James Biden sent Joe Biden a $200,000 check.

The White House and James Bidendenythe $200,000 check James gave Joe Biden was due to a pre-existing business relationship. They insist the money was a return payment for money Joe Biden lent him but have not provided the committee any evidence to prove their claims.

In a Thursday letter to the White House, House Oversight Committee Chair James Comer (R-KY), a former bank board member, requested the loan agreement, along with any applicable IRS tax filings.

"The Internal Revenue Code has specific requirements for delineating and reporting ‘below-market [rate] loans’ from gifts,” he wrote. "While there are some exceptions, for example loans of $10,000 or less, the payment in question would not appear exempt from such requirements if it is a loan. Indeed, there appears to have been no interest paid on the "loan” based upon the White House’s own representations.”

Posted by: Timothy Birdnow at 12:04 PM | No Comments | Add Comment
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