More of that infamous crony capitalism from Team Obama.
A subsidiary of Hill International secured a lucrative contract to build 100,000 homes shortly after the brother of Vice President Joe Biden, James Biden, joined the company as an executive vice president, Charlie Gasparino reports:
David Richter, the president of Hill International (HIL), a mid-sized outfit that manages construction projects, was speaking last year at a private meeting with investors when he was asked about the recent success of his newest subsidiary, HillStone International.
How was it that HillStone, a newcomer in the business of home building, landed a massive and potentially lucrative contract to build 100,000 homes in war-torn Iraq?
Richter didn’t mince words. It really helps, he said, to have “the brother of the vice president as a partner,” according to a person who was present.
The “brother” Richter was referring to during the meeting is James Biden, the younger brother of Vice President Joe Biden.