Joe Biden biography by Jules Witcover: on Budget & Economy


Joe Biden: 1996: Accused of sweetheart deal on sale of personal home

Charges of conflict of interest came up in Biden's 1996 bid for election to a fifth term in the Senate. Biden's opponent alleged Biden had been given a sweetheart deal on the sale of his home in Wilmington to a top MBNA executive. The implication was that Biden had been given a hefty profit in exchange for, or expectation of, favorable treatment regarding legislation of interest to the huge credit card company. The Biden campaign immediately cried foul and flatly denied the allegation & implication. Details of the deal were quickly turned over to the Delaware press, including records establishing that the appraised value and the price paid by the buyer were approximately the same. Biden received $1.2 million for the large wooded estate property; Biden had bought the property in 1975 for $225,000 and had made substantial improvements. Together with the intervening climb in real estate values, they more than accounted for the huge but legitimate increase.
Source: A Life of Trial & Redemption, by Jules Witcover, p.295-296 Oct 5, 2010

  • The above quotations are from Joe Biden: A Life of Trial and Redemption
    by Jules Witcover.
  • Click here for definitions & background information on Budget & Economy.
  • Click here for other issues (main summary page).
  • Click here for more quotes by Joe Biden on Budget & Economy.
  • Click here for more quotes by Barack Obama on Budget & Economy.
2016 Presidential contenders on Budget & Economy:
  Republicans:
Gov.Jeb Bush(FL)
Dr.Ben Carson(MD)
Gov.Chris Christie(NJ)
Sen.Ted Cruz(TX)
Carly Fiorina(CA)
Gov.Jim Gilmore(VA)
Sen.Lindsey Graham(SC)
Gov.Mike Huckabee(AR)
Gov.Bobby Jindal(LA)
Gov.John Kasich(OH)
Gov.Sarah Palin(AK)
Gov.George Pataki(NY)
Sen.Rand Paul(KY)
Gov.Rick Perry(TX)
Sen.Rob Portman(OH)
Sen.Marco Rubio(FL)
Sen.Rick Santorum(PA)
Donald Trump(NY)
Gov.Scott Walker(WI) 		Democrats:
Gov.Lincoln Chafee(RI)
Secy.Hillary Clinton(NY)
V.P.Joe Biden(DE)
Gov.Martin O`Malley(MD)
Sen.Bernie Sanders(VT)
Sen.Elizabeth Warren(MA)
Sen.Jim Webb(VA)

2016 Third Party Candidates:
Gov.Gary Johnson(L-NM)
Roseanne Barr(PF-HI)
Robert Steele(L-NY)
Dr.Jill Stein(G,MA)
Please consider a donation to OnTheIssues.org!
Click for details -- or send donations to:
1770 Mass Ave. #630, Cambridge MA 02140
E-mail: submit@OnTheIssues.org
(We rely on your support!)

Page last updated: Feb 14, 2019