LogFAQs > #976913280

Literally 5 minutes of Google and reading

https://perma.cc/3U82-F4WJ

https://www.factcheck.org/2023/10/cherry-picking-influence-payment-from-james-to-joe-biden/

Comer is ignoring another option, the one claimed by the White House: that Joe Biden provided a short-term, no interest loan to his brother, and that six weeks later James Biden paid that money back with money obtained in a business deal that did not involve Joe Biden. Raskin said the bank records show that Joe Biden was not involved in and did not profit from his family members business ventures.

Despite the Oversight Committee receiving the exact bank record showing that President Biden made a $200,000 interest-free loan to his brother James Biden, Chairman Comer has repeatedly omitted that fact, falsely suggesting President Biden is $200,000 better off today because of his familys influence peddling scheme, the release states. For example, on Friday, October 20, Chairman Comer released a check dated March 1, 2018, in the amount of $200,000 from James Biden to his brother marked loan repayment. The bank records provided to the Committee clearly showed that President Biden had wired $200,000 to his brother on January 12, 2018less than two months earlier. Despite clear evidence that this transaction was a short-term, interest-free loan between brothers, which occurred while President Biden was also a private citizen, Chairman Comer misleadingly told Fox News, I dont believe that Joe Biden did give his brother a loan, and falsely asserted to Fox Business, there is no document that shows there was a loan, among other misrepresentations.


Again, our review of bank records did not show any documentation that wire transfers of $40,000 and $200,000 from Joe Biden to James Biden were loans. Perhaps there is no official documentation indicating that they were loans. However, images show James or Sara Biden writing checks to Joe Biden several weeks after those wire transfers in those exact same amounts, and with loan repayment listed in the memo lines. Thats consistent with the White Houses claim that these were short-term, no-interest loans.