For some reason, Joe Biden, who is paid $550,000 per year and is reported to have over $8 million in assets, needed to borrow $250,000 against his home equity.
President Biden secured a $250,000 line of credit against his Rehoboth Beach, Delaware, home as his son, Hunter Biden, faces an investigation into his tax affairs and amid his own classified documents scandal, records obtained by Fox News Digital shows.
Biden acquired the six-figure home equity variable rate line of credit from M&T Bank on Dec. 5, 2022, Sussex County filings show. Biden and his wife, first lady Jill Biden, initially purchased the residence in 2017 for $2.74 million, according to county records.
It is unclear why Biden quietly secured the line of credit, which allows him to borrow up to a quarter of a million dollars against his home’s equity, and the White House did not respond to a Fox News Digital inquiry on the matter.
The most likely reason is that none of Clown World’s clowns actually own anything themselves. Their success is given to them, their fame is given to them, and their wealth is given to them. But all of it is only temporary, and can be withdrawn at any time, as required by the ringmasters.
It wouldn’t surprise me if Jeff Bezos himself is discovered to be taking similar actions totally incongruous with a man reported to be worth over $200 billion.
It raises the larger question, though. Why is Clown World running out of money? How close is the economy of Clown World to complete collapse?
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