Wednesday, April 22, 2009
Senator's offer preceded deal for husband's firm
Now that some of the facts regarding Senator Feinstein's conduct with the FDIC are coming to light it is looking more and more to me that she did not do as much wrong as I initially thought. I just do not understand why she didn't come out with some of this new information earlier, because many people including myself were quick to jump on her for her perceived misconduct relating to her husband's company. I am glad to see that her influence did not sway contract negotiations for her own benefit because if she had done that then she probably would have had a major scandal plaguing her. However, it still remains to be told whether or not the FDIC knew of her husband's involvement with the bidding company because even if FDIC Chairwoman Sheila Bair claims not to have known, there is a little curiosity in me given that there is a chance that there could have been a situation in which the reviewers of the bidding process would have felt that giving back to Feinstein could help the organization in the long run. Although this is probably unlikely, just the thought leaves a bit of uncertainty regarding the involvement of Feinstein and her husband.
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