5/1/2007
The Hill newspaper reported yesterday that Dianne Feinstein (D-CA) is at the center of an emerging story regarding one of the largest cases of government fraud ever. The Hill reports that the senator was for five years the “top Democrat on the Military Construction, Veterans Affairs, and Related Agencies (or “Milcon”) sub-committee, where she may have directed more than $1 billion to companies controlled by her husband.”
The Hill also reports that Senator Feinsten “left the subcommittee in late 2005 at about the same time her husband sold his stake in both companies. Their combined net worth increased that year with the sale of the two companies by some 25 percent, to more than $40 million.”
So, in other words, the Senator was able to direct federal money to her husband’s companies so as to capitalize (no pun intended) both on the federal money directed his way and on the resulting sale of those companies, whose value will plummet now that it has been revealed they were receiving money illegally.
So they robbed taxpayers, the people who purchased their companies under false pretenses, and the employees who work for those companies. And yet, I have not seen one major newspaper or network pick this one up.
If it had been a Republican who had done this, headlines would be flashing worldwide. Well, that is why we have the Blogosphere now, isn’t it?
Senator Feinstein is not going to get away with this. Liberals in the mainstream media won’t be able to simply ignore one of the greatest instances of federal corruption in our lifetimes.
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