Tag: private equity

Biden Planned to Join Son’s China-Backed Firm After Vice Presidency, Former Partner Tells Congress

Just the News
Joe Biden

In his opening statement to House impeachment investigators, former Hunter Biden business partner, Jason Galanis, said Joe Biden planned to join the board of his son’s firm which was being backed by a Chinese businessman and state-owned enterprises.

Galanis delivered his opening statement on Friday morning to congressional investigators from inside a federal prison in Alabama where he is serving a prison sentence for engaging in an illegal scheme to enrich Burnham Asset Management.

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Congress Addresses Private Equity, Corporations’ ‘Predatory Purchasing’ of Homes as Americans Struggle with Rising Prices

The Center Square

Americans are finding it increasingly difficult to purchase an affordable home as large investors increase their market share. The House Financial Services Committee held a hearing Tuesday to address private equity ownership of single-family rentals and the impact it’s having on average Americans. 

“Today’s hearing will examine troubling issues regarding the mass predatory purchasing of single-family homes by private equity firms,” said Rep. Al Green, D-Texas.

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