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“Business dealings of Biden family could be problematic for him.”

Wednesday, August 27, 2008  |  posted by Hugh Hewitt

From the Los Angeles Times:

When Joe Biden’s brother and son wanted to buy a hedge fund company two years ago, they turned for financing to a law firm that had lobbied the Delaware senator’s office on an important piece of business in Congress — and in fact had recently benefited from his vote. The firm promised James and Hunter Biden that it would invest $2 million, and quickly delivered half of it.

That deal eventually fell through and the money was returned. But it highlighted the close ties that Joe Biden and his family have developed with SimmonsCooper, an Illinois law firm that specializes in asbestos litigation — a multimillion-dollar line of business that was under threat in Congress.
In addition to providing financing for the hedge fund deal, SimmonsCooper picked the law firm of another of Biden’s sons, Beau, to work with it on dozens of asbestos cases in Delaware. “It was only natural that we worked with my friend Beau Biden and his firm,” said Jeffrey Cooper, former managing partner of SimmonsCooper.

There’s lots more. Read the whole thing. Did Obama’s team blow the vetting, or just assume that the MSM had done it during the primaries?

If McCain’s veep is a good debater, expect this story to make its way into the showdown between the veep nominees.

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