McCain's Real Estate Developer Crony - Think Rezko on Crack & Steroids

Discussion in 'Congress' started by Dogger, Apr 22, 2008.

  1. Dogger
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    Dogger Active Member

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    McCain helped Diamond purchase Fort Ord land for $250,000 in 1999. The land was improved for roughly $10 million, and then sold for $20 million profit two years later.


    A Developer, His Deals and His Ties to McCain

    By DAVID D. KIRKPATRICK and JIM RUTENBERG
    Published: April 22, 2008

    Donald R. Diamond, a wealthy Arizona real estate developer, was racing to snap up a stretch of virgin California coast freed by the closing of an Army base a decade ago when he turned to an old friend, Senator John McCain.

    When Mr. Diamond wanted to buy land at the base, Fort Ord, Mr. McCain assigned an aide who set up a meeting at the Pentagon and later stepped in again to help speed up the sale, according to people involved and a deposition Mr. Diamond gave for a related lawsuit. When he appealed to a nearby city for the right to develop other property at the former base, Mr. Diamond submitted Mr. McCain’s endorsement as “a close personal friend.”

    Writing to officials in the city, Seaside, Calif., the senator said, “You will find him as honorable and committed as I have.”

    Courting local officials and potential partners, Mr. Diamond’s team promised that he could “help get through some of the red tape in dealing with the Department of the Army” because Mr. Diamond “has been very active with Senator McCain,” a partner said in a deposition.

    For Mr. McCain, the Arizona Republican who has staked two presidential campaigns on pledges to avoid even the appearance of dispensing an official favor for a donor, Mr. Diamond is the kind of friend who can pose a test.

    . . .

    A Deal and a Lawsuit

    In the mid-1990s, Mr. Diamond set his sights on Monterey County, Calif., where the Army was closing Fort Ord. It was a dream property — hundreds of undeveloped acres and two golf courses in the ocean-misted hills overlooking Monterey Bay, one of California’s great tourist destinations.

    Tipped off by a fellow Tucson developer, Mr. Diamond had snapped up a housing complex there that had been built on land leased from the Army, giving him the inside track to buying the land when the base shut down.

    After the Army did so in 1994, Mr. Diamond asked Mr. McCain, a member of the Senate Armed Services Committee, for an introduction with an Army official who could work out a sale. Mr. McCain’s legislative aide, Ann Sauer, arranged a meeting with Paul W. Johnson, a deputy assistant secretary, a Diamond executive involved in the deal said.

    When the talks stalled over price and water supply, Ms. Sauer interceded with the Army, according to Mr. Diamond’s deposition and others involved. “She showed up and got the thing resolved,” Mr. Diamond said.

    Mr. McCain’s campaign aides said in a statement they did not believe Ms. Sauer’s involvement went beyond setting up the Pentagon meeting. Ms. Sauer, who no longer works for Mr. McCain, said she could not recall details of her role. A spokesman for the Army declined to comment.

    Mr. Diamond finally bought the land for $250,000 in 1999. He obtained an unusual guarantee from the Army that provided a generous water allowance outside the standard allocation process — a bonus that continues to rankle municipal officials on the dry Monterey Peninsula.

    “Those guys got a sweetheart deal,” said Michael Keenan, whose family bought the housing complex from Mr. Diamond for nearly $30 million two years later. Mr. Diamond acknowledged turning a profit of $20 million.

    Think Rezko on Crack & Steroids
     
  2. AllieBaba
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    AllieBaba BANNED

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    OMG! I hate it when people make money.
     
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  3. Dogger
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    Dogger Active Member

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    How do you feel when they steal your money? Diamond used his influence with McCain to get taxpayer-owned property for cheap. The discount he received came out of our pockets, and it was a much bigger chunk of change than any welfare queen has stolen.
     
  4. rayboyusmc
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    rayboyusmc Senior Member

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    He's a republican, it's okay to steal from US. They call that business.

    Obama is a Democrat. His buddy is a crook.

    Haven't you figured that out yet?

    Right, Ali?
     
  5. Gunny
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    Gunny Gold Member

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    :rolleyes:
     
  6. CrimsonWhite
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    CrimsonWhite *****istrator Emeritus Supporting Member

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    How is it stealing? How much did the US Government pay for it to begin with? Was there not really a plan to sell it anyway? How exactly did a discount come out of your pocket? Also, government owned does not equal taxpayer owned. I thought you were a lawyer.
     
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  7. CrimsonWhite
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    CrimsonWhite *****istrator Emeritus Supporting Member

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    I guess I missed the part where they broke into the Pentagon and stole the deed to the place. That is only way it could classified as anything close to theft. But, this is coming from the people that still try to convnce me that a Rhodes scholar doesn't know the definition of the "is" and a blow job isn't sex.
     
  8. Gunny
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    Gunny Gold Member

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    It's just the beginning. This is all deflective bullshit to get eyes off Obama. Wait until the Democrat Primary is over. We will be inundated with left-wing propaganda.
     
  9. Dogger
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    Dogger Active Member

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    I'm not writing a legal treatise, and I'm not writing for just the smart people on this board.

    If a con artist tricks your grandmother into selling her appreciated home to him at it's original cost, is that not stealing? Does it matter if he bribed your crooked uncle to help him?

    In America, we own the government and we pay for it. The money the US did not get could have been used to pay expenses that otherwise are paid by taxpayers.
     
  10. CrimsonWhite
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    CrimsonWhite *****istrator Emeritus Supporting Member

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    No it is not stealing. It isn't ethical, but not theft. I'm sure the left has a monopoly on ethics. Right?
     

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