Joe Biden Called Out For Protecting Interests of Credit Card Company That Employed His Son

NBC News: Meet the Press (September 7th, 2008)

Tom Brokaw questions Joe Biden about his son's ties to MBNA, a financial services company that was Joe's single largest contributor over a span of decades.

clip posted by 'Derfglouglou' (September 8th, 2008): https://www.youtube.com/watch?v=8HFyQYdlnsM

"Biden has been particularly cozy with MBNA, a financial services company from Delaware, and now a subsidiary of Bank of America...Over the past 20 years, MBNA has been Biden's single largest contributor. And as the New York Times and Wall Street Journal note, Biden's son Hunter was hired out of law school by MBNA and later worked as a lobbyist for the company...The senator was a key supporter of an industry-favorite bill -- the 'Bankruptcy Abuse Prevention and Consumer Protection Act of 2005' -- that actually made it harder for consumers to get protection under bankruptcy...The Washington Post's David Broder detailed other industry-friendly aspects of the bill back in 2005. One proposed amendment to the bill would have stopped corporations from 'judge-shopping' and going to the most-friendly venues for their bankruptcy cases. The amendment was introduced by Republican Sen. John Cornyn of Texas and appeared to have wide bipartisan support. But it never passed. Broder writes that Biden helped kill it."
https://www.propublica.org/article/bidens-cozy-relations-with-bank-industry-825

"Brokaw questions Biden about the propriety of his support for a law that made it harder for consumers to file for bankruptcy protection during a time when his son, Hunter, consulted for a Delaware credit company...Brokaw references a Wall Street Journal story stating that Hunter Biden made about $100,000 from the company, MBNA, and that the company gave Joe Biden's campaign $214,000."
https://www.newsweek.com/video-joe-hunter-biden-corruption-resurfaces-1464726

"he (Joe Biden) has collected $6.5 million in campaign contributions from lobbyists, lawyers and law firms since 1989, according to the nonpartisan Center for Responsive Politics...Trial lawyers in Mississippi, including plaintiffs attorney Dickie Scruggs, who pleaded guilty in May to attempting to bribe a judge, raised $70,000 for Sen. Biden last year, records show. A Biden spokesman said that all contributions from anyone implicated in the bribery case were donated to a charity."
https://www.wsj.com/articles/SB121962177732167631

"R. Hunter Biden, the 38-year-old son of the Democratic vice-presidential nominee, Senator Joseph R. Biden Jr., has quit working as a Washington lobbyist, a job that had sparked controversy given Senator Barack Obama’s denunciations of influence-peddling in the capital...Mr. Biden, the youngest of the senator’s two sons, graduated from Yale Law School in 1996 and was hired later that year by the MBNA Corporation, the financial-services giant then based in the Bidens’ home state of Delaware. Mr. Biden quickly rose to be a senior vice president at MBNA before joining the Commerce Department...After he left the Commerce Department in 2001, he received a consulting contract to work on electronic commerce issues for MBNA. And he formed the law and lobbying firm with William C. Oldaker, a longtime Washington insider who has been a campaign adviser to Senator Biden and other Democratic leaders. Records show that Hunter Biden’s clients have paid the firm more than $2.8 million in fees over the last several years."
https://www.nytimes.com/2008/09/13/us/politics/13resign.html

"A son of Democratic vice presidential candidate Joe Biden was paid an undisclosed amount of money as a consultant by MBNA, the largest employer in Delaware, during the years the senator supported legislation that was promoted by the credit card industry and opposed by consumer groups...MBNA's consulting payments to Hunter Biden, first reported by The New York Times, followed his departure in 2001 from the company, where he had been an executive...At the time Hunter Biden was receiving consulting payments from MBNA, he also was a Washington lobbyist at a firm he had co-founded...MBNA employees have poured more than $200,000 into Biden's Senate campaigns over the past two decades, making donors working for the credit card company the senator's largest source of campaign money."
https://www.cbsnews.com/news/mbna-paid-bidens-son-as-biden-backed-bill/

Transcript:
http://www.nbcnews.com/id/26590488/ns/meet_the_press/t/meet-press-transcript-sept/#.XzbSxKeSm02
https://www.presidency.ucsb.edu/documents/interview-with-tom-brokaw-nbc-news-meet-the-press

https://twitter.com/ibrahimpols/status/1180531106191413255