Skip To Content
JEWISH. INDEPENDENT. NONPROFIT.
Breaking News

Joe Biden Sorry for Calling Unscrupulous Lenders ‘Shylock’

Vice President Joe Biden acknowledged that he made a “poor choice of words” in using the term “Shylock” to describe unscrupulous lenders.

Biden was reacting Wednesday to remarks by Abraham Foxman, the Anti-Defamation League’s national director, in response to the vice president’s use of the term this week.

Speaking to the Legal Services Organization, a group that funds legal assistance for the poor, Biden referred to the experience of his son Beau, the Delaware attorney general who has served in Iraq.

Beau Biden, the vice president said, had been approached by service members who had been preyed upon by unscrupulous lenders.

“People would come to him and talk about what was happening to them at home in terms of foreclosures, in terms of bad loans that were being — I mean, these Shylocks who took advantage of these women and men while overseas,” he said.

Foxman, in a statement to Yahoo News, said the term was “offensive.”

“When someone as friendly to the Jewish community and open and tolerant an individual as is Vice President Joe Biden uses the term ‘Shylocked’ to describe unscrupulous moneylenders dealing with servicemen and women, we see once again how deeply embedded this stereotype about Jews is in society,” Foxman said.

In a statement emailed from his office to JTA, Biden agreed with that characterization.

“Abe Foxman has been a friend and advisor of mine for a long time,” Biden said. “He’s correct, it was a poor choice of words, particularly, as he said, coming from ‘someone as friendly to the Jewish community and open and tolerant an individual as is Vice President Joe Biden.’ He’s right.”

A message from our Publisher & CEO Rachel Fishman Feddersen

I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.

We’ve set a goal to raise $260,000 by December 31. That’s an ambitious goal, but one that will give us the resources we need to invest in the high quality news, opinion, analysis and cultural coverage that isn’t available anywhere else.

If you feel inspired to make an impact, now is the time to give something back. Join us as a member at your most generous level.

—  Rachel Fishman Feddersen, Publisher and CEO

With your support, we’ll be ready for whatever 2025 brings.

Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free, unless it originated with JTA, Haaretz or another publication (as indicated on the article) and as long as you follow our guidelines. You must credit the Forward, retain our pixel and preserve our canonical link in Google search.  See our full guidelines for more information, and this guide for detail about canonical URLs.

To republish, copy the HTML by clicking on the yellow button to the right; it includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to the Forward. It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. Please email us at [email protected], subject line “republish,” with any questions or to let us know what stories you’re picking up.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.