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In 1996, Biden sold his previous mansion to MBNA Vice Chairman John Cochran. The asking price was $1.2 million. Cochran forked over the full sum. Biden then paid $350,000 in cash to real estate developer Keith Stoltz for a 4.2-acre lakefront lot. Stoltz had paid that same amount five years earlier for the undeveloped property.
—Among Pal Joey’s dearest old pals: campaign finance “rainmaker” William Oldaker, who showered generous benefits on both the elder Biden and his lobbyist son, Hunter; Baltimore-based Peter Angelos, whose law firm gave Biden $156,250; Wilmington-based Young Conaway Stargatt and Taylor, which kicked in $127, 979; and Pachulski Stang Zielhl and Jones, which donated $145,625, according to The American Lawyer.
—Disgraced trial lawyer Richard Scruggs donated $11,500 to Biden in 2008. After Scruggs was convicted of attempting to bribe a federal judge, Biden tried to show his ethical bona fides by donating the money to a worthy charity. But Biden couldn’t steer clear of nepotism. The money ended up with the National Prostate Cancer Coalition — a charity where, The American Lawyer pointed out, Biden’s son Hunter sits on the board of directors.
—Another Biden family pal in the trial lawyers’ community: Jeff Cooper. With his partner, John Simmons, the 39-year-old Cooper built one of the biggest asbestos litigation firms in the country. SimmonsCooper, based in Madison County, Ill., has donated a whopping $196,050 to Biden’s campaigns since 2003, according to the nonpartisan Center for Responsive Politics in Washington, D.C. In that same time frame, the firm poured $6.5 million into lobbying against a key tort reform bill — which Sen. Biden worked hard to defeat. Without a hint of irony, Cooper extolled Biden’s anti-tort reform stance: “He understands the plight of the little guy and is against huge corporate interest.” But what Biden did was help fuel lucrative business for the tort bar. When courts in SimmonsCooper’s home base in Illinois finally started cracking down on what had become “America’s No. 1 judicial hellhole” for filing out-of-control tort claims, the firm turned East. And in Joe Biden’s Delaware, they created a new sanctuary.
Back on Obama 2012 Fantasy Island, Biden insists on marketing himself as the humble “son of an automobile man.” Give him this: He spins like a used-car salesman. His lot’s full of lemons. And “bamboozle” is his middle name.
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