posted on Sep, 2 2008 @ 01:18 PM
Originally posted by TruthWithin
THEN -you link it to Biden Jr. getting a hedge fund - with NO experience. So what? that happens all the time, fathers giving their sons a greater
advantage or getting their foot in the door (see GHW Bush ----> GW Bush).
So the Bidens have been convicted of doing nothing wrong, and still you crucify them?
Keep this crap out of the political process. It has nothing to with anything, Palin;s daughter INCLUDED>
No, lobbyists being made President of a hedge fund and being given a $1.2 million SALARY never happens. If you can find another situation where it
did, post it.
Hedge Funds get paid on assets under management and performance. The typical fee is 1% of assets under management and 20% of performance of the
Hedge funds have LLC's or corporations as the general partner. The LLC or corporation receives the management fees. The principles of the fund are
the owners of the LLC. Individuals typically do NOT receive a salary for being President of a hedge fund, especially individuals with no background
in the business.
And it is relevant because Biden's son represents companies that do have government contracts. Biden is accused of arranging for his son to be paid
through the hedge fund so that he wouldn't be linked to the lobbying firm. This IS important, especially if Biden is manipulating investments into
the fund so that his son can receive the $1.2 million salary.
Right now it's a civil case. Time will tell how it plays out.
The point is that the situation with Biden's son is infinitely more relevant to the possible election of Biden than a 17-year old getting married and
having a baby.
So why is Palin's daughter the subject of non-stop media attention but Biden's son is never discussed?