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Chalk this up to "democrats" acting (again) just like repuglicans who have massive conflicts of interest issues.

It's time to start talking about another capital investment behemoth that begins with a "B" and that is not our friend: BLUM Capital.

connect the dots, people.

This is a gigantic conflict of interest- and one that of course will be mostly ignored by even Murdoch's media, because One Percenters like him run in the same circles as Feinstein and her husband Blum.

It's entirely predictable what corporate media will do, hacks like Hannity and O'lie-ly will heap praise on Feinstein, calling her a great patriot.

In the case of Blum-Feinstein, we can see what being in the top 1% means. They currently own a private jet, a Gulfstream G650, worth $55 million in 2008. Blum-Feinstein also own an entire 161 room San Francisco hotel (The Carlton) and at least six other homes. At a low estimate, including their hotel, their personal real estate holdings, together with their private jet, are likely worth well over $100 million today.

Blum’s empire begins with his ownership of Blum Capital Partners, a firm he founded in 1975. In its 2005 edition, one standard industry source, Pratt’s Guide to Private Equity Sources, lists Blum Capital Partners as a firm “investing own capital” and having $1.589 billion under management. Two other, more recent sources, list the assets of Blum Capital at the higher levels of $2.8 billion and $4.5 billion. Blum’s firm’s clients reportedly include some of America’s wealthiest people and largest corporations, like oil heir Gordon Getty and Bank of American. Blum Capital Partners also has a joint venture with a much larger firm, The Texas Pacific Group (TPG) and Blum Capital Newbridge Capital to conduct this joint venture. Blum has been a Co-Chairman of both Newbridge and TPG.

The daughter of a wealthy doctor, educated at elite private schools, including Stanford University, Feinstein spent her way to political power, breaking records for campaign fundraising and spending beginning with her early campaigns for the San Francisco Board of Supervisors. Serving the wealthy, first and foremost herself and her husband, has marked her career. As the Los Angeles Times (October 28, 1994: A24) expressed it after observing only her actions for only a short time in office:

“A review of the senator’s first two years in office found that Feinstein supported several positions that benefited Blum, his wealthy clients and their investments. She was a vocal proponent of increased trade with China while Blum’s firm was planning a major investment there. She also voted for appropriations bills that provided more than $100 million a year in federal funds to three companies in which her husband is a substantial investor.”

In 2007 investigative reporter Peter Byrne published a series of reports that showed that her actions in the early 1990s was only the beginning of Feinstein’s aiding her husband’s firms. As chairperson of the Senate’s Military Construction Appropriations subcommittee from 2001-2007, Feinstein supervised and supported the appropriation of over $1.5 billion for two military contractors, URS Corporation and Perini Corporation, both companies that Blum had a controlling interest in. Blum later sold URS for a reported personal profit of $57 million. When Feinstein’s actions were exposed in early 2007, she abruptly quit her post on this subcommittee.

Blum returns the favor, raising more money for his politician wife than any other individual. He arranges contributions and loans to her campaigns in the millions. At least sometimes this got the power couple into trouble, even with the weak campaign finance laws that exist. In Feinstein’s failed 1990 Governor campaign for example, the Feinstein campaign failed to disclose a series of bank loans arranged by Blum that amounted to at least $2.9 million. Her campaign was fined a total of $190,000 by California’s state watchdog agency, the largest such cash settlement in state history, for an “outrageous case of gross negligence” (Los Angeles Times December 22, 1992: A1, A29).


GIGANTIC confict of interest. So much for California being the great bastion of liberalism. what a load.

The clueless naysayers out there who have been stating all along the U.S. was not going to go after Assange can now shut up and go away.

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