Soros & Chertoff Make a Killing On TSA Scanners

Capitalist · Nov 17, 2010

Rapiscan got a $165 million contract for the new body image scanners four days after the underwear-bomber incident this past Christmas. Not surprisingly, Rapiscan is politically connected.
The Washington Examiner reported:

Rapiscan got the other naked-scanner contract from the TSA, worth $173 million. Rapiscans lobbyists include Susan Carr, a former senior legislative aide to Rep. David Price, D-N.C., chairman of the Homeland Security Subcommittee. When Defense Daily reported on Prices appropriations bill last winter, the publication noted Price likes the budget for its emphasis on filling gaps in aviation security, in particular the whole body imaging systems.
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Then this morning Carney also noted that former Homeland Security secretary Michael Chertoff was flacking for Rapiscan.

As for the companys other political connections, it also appears that none other than George Soros, the billionaire funder of the countrys liberal political infrastructure, owns 11,300 shares of OSI Systems Inc., the company that owns Rapiscan. Not surprisingly, OSIs stock has appreciated considerably over the course of the year. Soros certainly is a savvy investor.
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The Boston Globe reported on this back in January:

Former Homeland Security secretary Michael Chertoff has given dozens of media interviews touting the need for the federal government to buy more full-body scanners for airports.
What he has made little mention of is that the Chertoff Group, his security consulting agency, includes a client that manufactures the machines. Chertoff disclosed the relationship on a CNN program Wednesday, in response to a question.
An airport passengers rights group on Thursday criticized Chertoffs use of his former government credentials to advocate for a product that benefits his clients.
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Soros & Chertoff Make a Killing On TSA Scanners

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Soros & Chertoff Make a Killing On TSA Scanners

Capitalist Jeffersonian Liberal

Latest Threads

Trump mocks Pence by asking people after they met with him, “Did Mike make you pray?”

2017 Wildfires

Trump is so jealous of Obama. Must be because

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Man rescued from Taliban: I thought my captors were kidding when they said Trump was president

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