Through reportedly talking with people familiar with Biden’s business dealings, WSJ managed to confirm various that the younger Biden received a discounted stake in a Chinese PE firm that was at the center of the NY Post’s reporting, along with consulting arrangements with a Romanian property magnate which “overall allowed him to maintain a globe-trotting lifestyle, according to interviews, documents and communications reviewed by The Wall Street Journal.”
It even confirmed that Biden receiving a 2.8-carat diamond from a Chinese energy tycoon that has reportedly found its way to the center of the federal investigation into the president’s sons actions.
Most of the details were clearly leaked to WSJ by Senate Republicans. But the takeaway here is pretty clear: even if the information is being used for political purposes, the investigation into Biden holds water. After all, federal investigations aren’t opened up for nothing.
By now, as Trump continues with his wave of pardons (he has of course pardoned far fewer people than his predecessor, even adjusted for his shorter time in the saddle), the GOP is ensuring that the investigation into Hunter Biden will be as fraught with leaks and bombshells and “scoops” as any other high profile investigation, including – most obviously – the Mueller probe.
Social media could block out the NY Post, but they couldn’t block out WSJ. Though the story wasn’t widely covered, now that WSJ has “moved” on it, how much longer can its rivals – even WaPo and NYT – keep this from becoming an “essential” story after inauguration day. Otherwise, they will lose what little credibility they have left, as critics challenge the press to step up and hold Biden “accountable” like they did Trump.
There also might be an element of payback at play here, as WSJ owner Rupert Murdoch seeks to get back in Trump’s good graces after the president sicced his legions of loyal followers on Fox News, threatening its fat profit margins.
Either way, one thing is clear: Leaks like this aren’t going to stop.