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Politics is the dirtiest business going. Why should it be taboo to speak about it?

WARNING: Partisan feelings maybe hurt here.

My Son, The Lobbyist: Biden's Son a Well-Paid DC Insider.

The son of Barack Obama's vice presidential pick, Sen. Joe Biden, is a top partner at a Washington law firm that has lobbied his father's office, a family tie that could prove embarrassing for a campaign that has positioned itself as fighting lobbyists and special interests in Washington.
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It could be that the smear campaign against Gov. Pallin is about diverting attention from the Biden family. The brother and son of Joe Biden are involved in lawsuits concerning a failed hedge fund deal.

quote:
In the hedge fund business deal, Lotito and the Bidens created a company called LLB Holdings USA and together agreed to pay $21.3 million for 54 percent interest in Paradigm.

In the lawsuit, Lotito said that soon after creating LLB, the Bidens crafted a "secret deal" to create their own company that was designed to buy out his shares in Paradigm for a low rate, to which he agreed. He said he knew nothing of the secret deal until later and now believes he was defrauded out of millions of dollars and his share in the company.

In the second lawsuit against the Bidens, which was filed in June, Lotito is also named as a defendant. Stephane Farouze, now an executive with Deutsche Bank, seeks $10 million, saying that the Bidens and Lotito promised to buy his shares in the hedge fund company but reneged.


From: Link
Seems guilt by association is big in the democrat party. But of course, this has NO bearing on Joe Biden but Palin's husband's party affiliation does on her.



A lawsuit filed by their former partner Anthony Lotito Jr. asserts in court papers that the deal was crafted to get Hunter Biden out of lobbying because his father was concerned about the impact it would have on his bid for the White House. Biden was running for the Democratic nomination at the time the suit was filed.

Hunter Biden was made president with an annual salary of $1.2 million, despite his inexperience in the hedge fund industry, the lawsuit said. Before that, he had been part of the Washington law firm Oldaker, Biden & Belair, which earned $1.76 million in lobbying revenue in the first half of 2006, according to Congressional Quarterly's CQ MoneyLine. One of its biggest clients is the National Association of Shareholder and Consumer Attorneys, a Washington-based group representing law firms specializing in investment and corporate law.

The campaign of Sens. Barack Obama and Biden declined to comment on the case, referring questions to Nicholas Gravante Jr., an attorney representing Hunter and James Biden. Gravante said assertions that Joseph Biden told his brother he was concerned about his son's lobbying were "absolutely false."

"This lawsuit has nothing to do with Joe Biden, and there is absolutely no truth to those allegations," Gravante said. "It is a business dispute between former partners. The suit is baseless."

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