Joe Biden Friend/Donor Gets $20 Million Taxpayer Loan to Build Ukraine Porsche Dealership
The Daily Caller tells a fascinating story:
In late July, John Hynansky — a longtime friend of Vice President Joe Biden, and a major donor to Biden’s campaigns as well as President Barack Obama’s — was awarded a $20 million taxpayer loan to build a foreign-car dealership in Ukraine.
Here's the rub: According to a public summary document, the loan, from the federal government’s Overseas Private Investment Corp., is for “[u]p to $20 million,” and is designed to “expand Winner Import Ukraine’s automobile business, [and] construct and operate ‘Winner Autocity,’ which will have two new, state-of-the-art dealership facilities for Porsche and Land Rover/Jaguar automobiles.” ...
Since at least 1999, Hynansky and his family have been regular donors to Biden’s campaigns, and, later, Obama’s.
Read the full story.