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Senator Feinstein resiigns from Military committee

Discussion in 'BBS Hangout: Debate & Discussion' started by basso, Mar 29, 2007.

  1. basso

    basso Member
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    This is potentially a huge problem for her, altho i'm sure some of the dems-can-do-no-wrong appologistas here will be quick to explain why it's no big deal.

    http://www.metroactive.com/metro/03.21.07/dianne-feinstein-resigns-0712.html#

    [rquoter]Feinstein Resigns

    Senator exits MILCON following Metro exposé, vet-care scandal

    By Peter Byrne

    SEN. Dianne Feinstein has resigned from the Military Construction Appropriations subcommittee. As previously and extensively reviewed in these pages, Feinstein was chairperson and ranking member of MILCON for six years, during which time she had a conflict of interest due to her husband Richard C. Blum's ownership of two major defense contractors, who were awarded billions of dollars for military construction projects approved by Feinstein.

    As MILCON leader, Feinstein relished the details of military construction, even micromanaging one project at the level of its sewer design. She regularly took junkets to military bases around the world to inspect construction projects, some of which were contracted to her husband's companies, Perini Corp. and URS Corp.

    Perhaps she resigned from MILCON because she could not take the heat generated by Metro's expose of her ethics (which was partially funded by the Investigative Fund of the Nation Institute). Or was her work on the subcommittee finished because Blum divested ownership of his military construction and advanced weapons manufacturing firms in late 2005?

    The MILCON subcommittee is not only in charge of supervising military construction, it also oversees "quality of life" issues for veterans, which includes building housing for military families and operating hospitals and clinics for wounded soldiers. Perhaps Feinstein is trying to disassociate herself from MILCON's incredible failure to provide decent medical care for wounded soldiers.

    Two years ago, before the Washington Post became belatedly involved, the online magazine Salon.com exposed the horrors of deficient medical care for Iraq war veterans. While leading MILCON, Feinstein had ample warning of the medical-care meltdown. But she was not proactive on veteran's affairs.

    Feinstein abandoned MILCON as her ethical problems were surfacing in the media, and as it was becoming clear that her subcommittee left grievously wounded veterans to rot while her family was profiting from the occupations of Iraq and Afghanistan. It turns out that Blum also holds large investments in companies that were selling medical equipment and supplies and real estate leases—often without the benefit of competitive bidding—to the Department of Veterans Affairs, even as the system of medical care for veterans collapsed on his wife's watch.

    As of December 2006, according to SEC filings and www.fedspending.org, three corporations in which Blum's financial entities own a total of $1 billion in stock won considerable favor from the budgets of the Department of Defense and the Department of Veterans Affairs:

    * Boston Scientific Corporation: $17.8 million for medical equipment and supplies; 85 percent of contracts awarded without benefit of competition.

    * Kinetic Concepts Inc.: $12 million, medical equipment and supplies; 28 percent noncompetitively awarded.

    * CB Richard Ellis: The Blum-controlled international real estate firm holds congressionally funded contracts to lease office space to the Department of Veterans Affairs. It also is involved in redeveloping military bases turned over to the private sector.

    You would think that, considering all the money Feinstein's family has pocketed by waging global warfare while ignoring the plight of wounded American soldiers, she would show a smidgeon of shame and resign from the entire Senate, not just a subcommittee. Conversely, you'd think she might stick around MILCON to try and fix the medical-care disaster she helped to engineer for the vets who were suckered into fighting her and Bush's panoply of unjust wars.
    [/rquoter]
     
  2. GladiatoRowdy

    GladiatoRowdy Member

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    It is a good thing that she resigned, given her conflict of interest, but the quoted sentence is totally inaccurate as the Dems only became the majority party in January, so she would not have been the chairperson until this year.

    Then again, the facts are trivial details, right basso?
     
  3. basso

    basso Member
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    her potential jeopardy extends somewhat further than the loss of her chair or committee assignments.
     
  4. F.D. Khan

    F.D. Khan Member

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    I'd like to know in what capacity Blum 'owns' 1 billion dollars of the following.

    Boston Scientific
    I'm a bit ignorant in the subject but Boston Scientific is a 21 Billion dollar company with 7.8 Billion dollars in revenue. I doubt 17.8 million (less than .3%) of all sales would cause any sort of positive effect to a shareholder especially with margins.

    I don't know anything about Kinetic Concepts.

    CB Richard Ellis: This is again an over 7 billion dollar company though Blum's Strategic Group LLC (Whether its his money or investors) owns 200 million dollars worth of this company.


    Opinion:
    My only point is that it would have to be pretty substantial contracts to positively affect revenues, after margins and costs to actually benefit the stock price enough to side with one firm versus another.

    I'm pretty conservative and probably side with Republicans more than Democrats and don't particularly like Feinstien, but I hope there is more to
    this than that. As I've seen Cheney and others have been painted with these same brushes, I'd like to know scale before determining culpability.
    before when I felt it was silly, I'll
     
    #4 F.D. Khan, Mar 29, 2007
    Last edited: Mar 29, 2007
  5. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking

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    So your concern over her conflict of interest is eliminated because of poor wording in a statement as to whether she chaired or was on the committee? That's a fresh perspective. No cred...
     
  6. thumbs

    thumbs Member

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    Here's another politician who needs to undergo extensive investigation by a federal grand jury. If indicted and convicted for channeling money to her husband's company, she should go to jail. What she appears to have done is somewhat akin to insider trading. In the same vein, I still don't understand why the Sandy Berger investigation hasn't gone to a federal grand jury.
     
  7. Buck Turgidson

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    Uh..."ranking member" means the highest ranked committee member of either the majority or the minority party, no?

    I don't see how that sentence, though poorly phrased, is false - if she was in fact the ranking Democrat on the committee for the 5+ years prior to becoming the Chairperson following the Dem takeover.
     
  8. Ottomaton

    Ottomaton Member
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    I am amused that you are now so concerned about the impropriety of no bid contracts. Since you have clearly found a new, strong moral center that has never been evident before, will your righteous vengeance spill over into pursuing justice on Cheney's crooked conflict of interest/no bid contracts as well?

    Or is this a case of 'any port in a storm'?
     
  9. gifford1967

    gifford1967 Member
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    First- If Feinstein has committed a crime or broke ethics rules in the Senate she should be punished accordingly.

    Second-It is priceless to see basso and tj lining behind a report funded by The Nation and citing Salon as a source.
     
  10. basso

    basso Member
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    you and me both. berger crimes seem far more serious than anything scooter, or for that matter feinstein, has done.
     
  11. Dreamshake

    Dreamshake Member

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    Everyone take note how Basso completely ignores his complete ownage here.



    Ready Basso..........................ahhhhhh, you have been officially debunked on your own thread. Hyprocrite.
     
  12. A_3PO

    A_3PO Member

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    This is a serious matter and can't be dismissed off. One can argue that Republicans have done worse but that doesn't excuse her one iota. This seriously stinks. Not that she had any credibility with me beforehand, but this should shove her public profile way down. The next time she gets on a high horse, someone should shove this stinky mess back in her face and tell her to sit down and shut up! Or better yet, she should do the right thing and resign.
     
  13. GladiatoRowdy

    GladiatoRowdy Member

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    Reading comprehension. Most of us learned it in 1st-3rd grade, but apparently they don't teach it at Rice.

    I never said that my concern was eliminated, I think it is a good thing that she resigned given her conflict of interest.

    I was just making the comment that the writer should be more accurate in his writing.
     
  14. FranchiseBlade

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    I think it is refreshing to see her resign, prior to a cover-up. I got so used to seeing GOP congressmen not resign, and try and use their power to hush everything up that it was sickening.

    So far at least, it doesn't appear like there was a cover-up attempt, and she did the right thing by resigning.

    Of course there could be new information that comes out that she did try and cover it up, and it wouldn't surprise me. But for now, I am pleased.
     
  15. Sishir Chang

    Sishir Chang Member

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    Agree. Conflicts of interests are a huge problem with politicians and I don't think Fienstein should get a pass anymore than any other politicians. I remember that right after Mark Dayton (former Democrat Senator from MN) won his election one of the first things he did was sell all of his stocks. While this was a radical move it did show that he was serious about avoiding conflicts of interest. That radical of a move might not be needed but at the min. Legislators should refrain from serving on committees where they or their immediate family has a financial stake.
     

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