Cronyism: Biden's brother gets rich building homes in Iraq

Breaking on Fox Business News - Vice President Joe Biden's brother James hit pay dirt when he got a $100 million contract to build homes in Iraq.

"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.

Since November 2010, James Biden has been the executive vice president of Hill International’s housing subsidiary despite little if any documented work history in residential construction. And if the company’s projections are accurate, both Hill and Biden are on the verge of a huge payday, beneficiaries, some analysts believe, of James Biden’s connections to the Obama Administration through his older brother.