(Headline USA) President Joe Biden took out a $250,000 line of credit against his Delaware beach home around the same time the Justice Department launched an investigation into his mishandling of classified documents.
Biden took out the home equity variable rate line of credit from M&T Bank on Dec. 5, 2022, Sussex County filings show, reported Fox News. It is unclear why Biden took out the line of credit, which allows him to borrow up to a quarter of a million dollars against his home’s equity.
The financial move comes as Biden faces a DOJ investigation after multiple classified documents from his vice presidency and Senate career were found in his possession. Just this week, the FBI searched his Rehoboth Beach, Delaware home, but said in a statement that they didn’t find new classified documents.
Biden’s son, Hunter, is also under federal investigation for alleged tax fraud. The investigation is also related to Hunter’s shady foreign business deals with “China and other foreign nations,” according to sources familiar with the investigation.
The dual investigation marks a dubious milestone for the Bidens, Fox News noted, making “presidential history for being the first father-son duo to be simultaneously – but separately – under federal investigation.
Hunter Biden attempted to flip the script on his critics this week, calling for a criminal probe into Rudy Giuliani and others who exposed the contents of his abandoned laptop. The letter, sent to the DOJ’s National Security Division, asks for an investigation into “individuals for whom there is considerable reason to believe violated various federal laws in accessing, copying, manipulating, and/or disseminating Mr. Biden’s personal computer data.”
Thus far, Hunter Biden has refused to confirm whether the abandoned laptop was, in fact, his — even though it has been authenticated by the FBI and DOJ. This complaint to the DOJ is the first admission from the first son that the laptop was legitimate.