In 1996 then Senator Biden sold his house to an executive from credit card company MBNA for 1.2 million. Middle Class Joe made out very well. It was the only house in the neighborhood to sell for full asking price. MBNA actually reimbursed the executive who bought Biden's house for some of the cost.
MBNA then became Biden's top campaign contributor by far.
A few weeks after Biden won re-election in 1996, MBNA hired Hunter Biden.
MBNA was engaged in all sorts of predatory lending practices. At the time bankruptcies were soaring. MBNA wanted legislation passed to remove the tools people had to protect their assets from credit card companies. Joe Biden led the effort to get this legislation passed.
In 2008 Tom Brokaw asked Biden about it.