posted on Sep, 2 2008 @ 09:07 PM
When Sen. Joe Biden's son Hunter needed investors to help buy a New York-based hedge fund, the first financier to step forward was a Chicago lobbying
firm and one of the senator's top campaign contributors.
After the first attempt to buy the fund soured, one of Joe Biden's top advisers, who co-owns a lobbying and communications firm, jumped in to provide
public relations help, and was later identified in court papers as a new investor.
Both deals came to light only after one of the parties -- who describes himself as a longtime acquaintance of the Bidens -- filed a fraud lawsuit
against Hunter and James Biden, the senator's younger brother and a partner in the hedge fund.
The case, still working its way through New York's courts, illustrates an often-mentioned vulnerability of Joe Biden after 36 years in the Senate:
his ties with Washington lobbyists, including those of his son Hunter.
Democrats were hoping to avoid Republican attacks and insider dealings when they chose the Delaware Democrat to join presidential hopeful Barack Obama
and his message of political change.
change! change ! Hope! Hope!