Uncensored2008
Libertarian Radical
Diane Feinstein has sold access to the U.S. Government to China, which has made her and her crook of a husband filthy rich.
She has sold China a voice on the Senate Intelligence committee. She is and has been for decades on the payroll of Beijing.
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In May 2000, Feinstein lobbied for making permanent normal trading relations with China, a measure that ultimately passed, and helped pave the way for its entrance into the World Trade Organization, which Feinstein also supported. At the time, a spokesperson for Feinstein indicated that her husband had divested of his last holdings in mainland China in 1999. But Blum’s stake in another Newbridge Capital Asia fund, which contained investments in China, belied that assertion.
Meanwhile, in the years leading to the passage of that legislation, Blum’s Newbridge Capital reportedly invested more than $400 million into East Asian businesses, at least $90 million of which was “invested in companies whose profits are pegged to the burgeoning mainland China market, according to the companies themselves,” and several of which were partly owned or founded by the Chinese government. If nothing else, Blum still stood to profit handsomely from management fees for these portfolios.
Defense companies in which Blum’s firms were invested signed billions of dollars in military contracts approved by Feinstein’s committee.
Such investments in Chinese assets continued. In 2004, Newbridge Capital purchased an 18 percent stake in Shenzhen Development Bank, the first time a foreign company took effective control of a Chinese lender. From 2001 to 2005, Feinstein served as chair of the Senate Military Construction Appropriations Committee. During this time, defense companies in which Blum’s firms were invested signed billions of dollars in military contracts approved by Feinstein’s committee.
This suggests a parallel pattern in the Feinstein family’s political and business dealings that adversaries like China surely could have sought to exploit. When pressed on conflicts of interest, however, on multiple occasions Feinstein has flippantly responded by rhetorically asking what she could do to satisfy those raising the issue, short of getting divorced.
Feinstein’s husband has stressed that his ties to the Dalai Lama and criticism of Chinese human rights violations would never have helped him curry favor with the Chinese, and maintained no conflict of interest between his wife’s position and his investments.
The senator recently co-sponsored the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), incorporated into the pending National Defense Authorization Act (NDAA), which gives the Committee on Foreign Investment in the United States greater oversight over foreign transactions, geared in part towards China’s malign efforts to gain valuable technology and steal intellectual property. But provisions penalizing sanctions-violating Chinese telecommunications company ZTE were stripped from the NDAA at the Trump administration’s urging.
Interestingly, perhaps anticipating future troubles (the House Intelligence Committee would first warn that ZTE posed national security risks in 2012), in October 2011, ZTE hired its first in-house lobbyist: None other than former Feinstein aide Peter Ruffo, a position it appears he still holds today.}
Feinstein’s Ties To China Go Way Deeper Than An Alleged Office Spy
She is quite simply, a Chinese spy.
History often repeats itself.
