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Outside of Chicago, the most corrupt politican in the nation, hands down, is Dianne Feinstein.
"When the bond initiative to build a peripheral canal fell apart this past June it might also have signaled the end of the line for the $45 billion high-speed train proposal. This is another project pegged for funding by issuing state bonds.
What both projects have in common, despite their likely failures in the same years, 1982 and 2010, is the fact that both were classic pieces of low-ball political processes that benefited inside investors, primarily companies connected to Richard C. Blum, Sen. Dianne Feinstein’s husband. On some of these projects, the benefit was best measured in the stock price increases of the corporations earmarked to build them."
She is, without doubt the most open corrupt member of the Senate.
"These profit-producing political processes began in 1982 with the first high-speed train project. They continued with the new Bay Bridge process from 1997-98, proceed to the present high-speed train process and conclude with the now postponed peripheral canal project that Gov.-elect Jerry Brown has inherited for a 2012 election.
Some of the corporations involved in these projects have been earmarked with legislation carried by politicians who have a financial interest in these projects. The corporations on the high-speed train are Lockheed-Martin and URS.
URS was owned by Richard C. Blum until 2005. In 1998 when the Bay Bridge process got going, URS was the eighth largest engineering and design corporation in the world. By the time Blum sold URS in 2005, it was Number One.
Feinstein served on a number of different committees that approved contracts for companies owned by Blum. Sometimes she carried federal legislation that earmarked these corporations, including URS on the high-speed train and the San Francisco Airport expansion of 2000. URS won the airport expansion contract in a design competition that was posted on the very day the “competition” closed.
She belongs in Leavensworth, not Washington.
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"When the bond initiative to build a peripheral canal fell apart this past June it might also have signaled the end of the line for the $45 billion high-speed train proposal. This is another project pegged for funding by issuing state bonds.
What both projects have in common, despite their likely failures in the same years, 1982 and 2010, is the fact that both were classic pieces of low-ball political processes that benefited inside investors, primarily companies connected to Richard C. Blum, Sen. Dianne Feinstein’s husband. On some of these projects, the benefit was best measured in the stock price increases of the corporations earmarked to build them."
She is, without doubt the most open corrupt member of the Senate.
"These profit-producing political processes began in 1982 with the first high-speed train project. They continued with the new Bay Bridge process from 1997-98, proceed to the present high-speed train process and conclude with the now postponed peripheral canal project that Gov.-elect Jerry Brown has inherited for a 2012 election.
Some of the corporations involved in these projects have been earmarked with legislation carried by politicians who have a financial interest in these projects. The corporations on the high-speed train are Lockheed-Martin and URS.
URS was owned by Richard C. Blum until 2005. In 1998 when the Bay Bridge process got going, URS was the eighth largest engineering and design corporation in the world. By the time Blum sold URS in 2005, it was Number One.
Feinstein served on a number of different committees that approved contracts for companies owned by Blum. Sometimes she carried federal legislation that earmarked these corporations, including URS on the high-speed train and the San Francisco Airport expansion of 2000. URS won the airport expansion contract in a design competition that was posted on the very day the “competition” closed.
She belongs in Leavensworth, not Washington.
More...