The US president Joe Biden secured a whopping $250,000 line of credit against his beach house in Delaware amidst his own ‘classified document scandal’ and the investigation into Hunter Bidens’ tax affairs – a financial move that has not been explained.
“Biden took out the home equity variable rate line of credit from M&T Bank on Dec. 5 against the Rehoboth Beach house he and his wife, first lady Jill Biden, purchased for $2.74 million six years ago”, as reported by the Fox News Digital on February 3, 2023.
Despite repeated questions, the White House did not explain the mysterious move. It is yet to be clear why Biden quietly acquired the line of credit that was his ticket to borrow a ‘¼ million dollars against his home’s equity.’
While Biden’s press staff confirmed the initial probe into the matter, they did not give any explanation before or after publication.
During an Air Force One press gaggle when an identified reporter attempted to question White House press secretary Karine Jean-Pierre about the President’s move, she responded, “Yeah, I saw reports on that,” and added, “I would just refer you to the White House Counsel’s Office.”
Soon after the exchange, news agencies, including Fox News Digital, tried to acquire the White House Council’s office contact detail but failed to get any information on the matter.
On March 2, Thursday, Fox Digital contacted the White House again regarding the ongoing matter, but no questions were answered.
Biden made the financial move discreetly as his son Hunter Biden’s tax affairs investigation ramps up – a probe initiated partly due to suspicious activity reported related to foreign transactions.
As per the source close to the investigation, those reports ‘involved funds from China and other foreign nations.’
The President’s mysterious financial move also came after ‘dozens of confidential documents’ were acquired from his time as the country’s vice president.
