Biden is appointing Gene Sperling to a role overseeing the implementation of the administration's coronavirus relief plan, a White House official confirmed on Monday.
So Sperling turned to a close friend from law school: Howard Shapiro.
A top partner at the Washington powerhouse law firm WilmerHale, Shapiro had loaned Sperling money before and was willing to do so again.
Sperling asked the White House Counsel's office and the Office of Government Ethics for permission to borrow from Shapiro, whose firm frequently negotiates with the government on behalf of some of the nation's leading corporations.
Sperling borrowed between $100,000 and $250,000 from Shapiro at 5 percent, a rate that appears to be well below the interest banks charged at the time for comparable loans.
In each of the next two years, Sperling went to Shapiro again, taking out two more loans that brought his debt to a total of between $300,000 and $600,000.
Sperling consolidated earlier loans from Shapiro, one made in 2006 and the 2011 loan, into the later ones.
It's becoming increasingly difficult to discern fact from fiction, and unfortunately the media has a strong bias. They spin stories to make conservatives look bad and will go to great lengths to avoid reporting on the good that comes from conservative policies. There are a few shining lights in the media landscape-brave conservative outlets that report the truth and offer a different perspective. We must support conservative outlets like this one and ensure that our voices are heard.
Tuesday, March 16, 2021
Biden Puts Obama Economist w/Ethical Problems in Charge of $1.9 Trillion "COVID" Giveaway
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