It is no great secret that American politicians make money off of insider deals and trading. That has come to light more and more as spotlights have been shining on the swamp and all of the muck sticking to creatures that inhabit it. Whole studies have been done about how politicians get insanely rich on salaries no more than two hundred and fifty thousand dollars.
California Senator Dianne Feinstein is no exception to this. She and her husband, Richard Blum, have made millions during her time in office. The thing is, not all people who engage in insider trading own companies designing computer chips to spy on the U.S. Military.
Peter Schweizer’s book Red-Handed: How American Elites Get Rich Helping China Win tells the story of how Sen. Dianne Feinstein’s husband Richard Blum was co-owner of a Chinese firm that sold computers with spyware chips to the U.S. military…
Breitbart.com reports: In a total coincidence that could not possibly have been related in any way to Feinstein’s friendship with the tyrants of Beijing, her husband did a great deal of lucrative business with Chinese companies, including entities run by the Communist government and linked to the People’s Liberation Army (PLA).
One of those deals saw Blum becoming a major investor in a computer company that was founded by researchers from the Chinese Academy of Sciences (CAS), an institution tied to both the Chinese government and the PLA. The company was originally called Legend but is better known by its second name, Lenovo.
Lenovo grew into a major player in the worldwide computer marketplace after it acquired IBM’s line of personal computer products in 2005. Lenovo’s deal to buy IBM’s business included $350 million in investments from three American private equity firms. One of them was Richard Blum’s Newbridge Capital.
Wouldn’t that be considered treason if the equipment used to spy on the U.S. Military was manufactured by a company with American ownership?
It did not take long for security agencies across the Western world — including the U.S., U.K., Canada, New Zealand, and Australia — to discover security vulnerabilities in Lenovo products and ban them from sensitive operations. The U.S. State Department announced it would not allow Lenovo computers to connect to its classified networks in 2006, barely a year after the IBM acquisition.
Somehow Lenovo still managed to sell a large number of laptop computers to the U.S. military, which discovered that many of those machines included motherboard chips that “would record all the data that was being inputted into that laptop and send it back to China,” as a computer operations manager for the U.S. Marines in Iraq put it.
And we are still using those computers.
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Uh oh…Mr. Dianne Feinstein is in trouble now! LOL! Kidding, of course. The only way he could be any more insulated from the consequences of his actions is if he were black as well as being a Democrat bigwig’s hubby…
Now, please recall that Feinstein is a Senator from CA. Before that she was heavily in SF Politics as a Member of the SF Board of Stupidisers which is like a City Council for SF, and after that the Mayor for SF. Hubby, was heavily into construction and she steered many lucerative harge construction contracts, by the City and State, his way and they both reaped millions on those deals. But the best was yet to come. The Oakland Bay Bridge was in bad need of repair and modernization. Just before the State decided to issue an RFP to have… Read more »
I’ve lived in the San Francisco Bay Area for nearly 70 years. These reports of Feinstein and her husband Blum (Bum) ripping off the taxpayers and personally profiting at the public trough, are legendary. Has there ever been an investigation into these allegations? No! Why not you ask?
Because the corrupt Democrat party has controlled the Mayor’s office and the District Attorney ‘s office since the mid-1960s when Joe Alioto won the San Francisco mayor’s race in 1965. Can you spell g-r-a-f-t?