Saturday, August 23, 2008
Joe Biden's House Problem
Byron York resurrects an old story about the sale of Sen. Joe Biden's Delaware home a few years back to a top executive of MBNA, the credit card giant based in Delaware, for $1.2 million. It appears the selling price may have been a little generous given the extensive work required on the home after its purchase. The issue also resurrects the close ties, including lots of campaign contributions, that Biden has taken from the credit card giant. Biden's son landed a job as an executive with the company after the sale and the cementing of Biden's relationship with MBNA. I have a feeling we'll be hearing a lot more about this house problem.