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[–] 14121782? 0 points 2 points (+2|-0) ago 

This explains the Chinese spy driver for 20 years. No need to follow the wives. Follow the husband.

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Richard Blum’s vast array of financial assets included investments in China. In 1992, his interests in China were valued at less than $500,000. But according to a 1997 report in the Los Angeles Times, Blum’s investments significantly increased in the years after his wife became a senator.

In 1996, Blum reportedly invested $23 million into a steel company owned by the Chinese government. His firms also acquired assets in companies that produce soybean milk and candy, according to the LA Times report.

A 1997 article in the New York Times also reported that Blum’s private equity firm had investments with Shanghai Pacific, a company that produces items such as clean water pumps and firefighting pumps, and Golden China, a technology company that manufactures computer accessories.

Critics wondered if Beijing would try to use Richard Blum’s investments as a way to gain favor with Senator Feinstein. She has insisted that she was not influenced by her husband’s business dealings, telling the NY Times, “We have built a firewall. That firewall has stood us in good stead.”

In 1996, Senator Feinstein sat on the East Asian and Pacific Affairs subcommittee, which is part of the Foreign Relations Committee. Part of the subcommittee’s job was handling relations between the U.S. and China. Senator Feinstein had been an advocate for expanded trade with China, and was instrumental in making China a member of the World Trade Organization in 1999.

That same year, a spokesperson for the senator said that Blum had divested of his holdings in mainland China. But according to a report in the San Francisco Chronicle in 2000, Newbridge Capital, a venture capital firm supported by Blum’s firm, continued to own stock in Chinese corporations worth millions of dollars.

The senator has come under new scrutiny more recently in relation to China. In 2013, the FBI discovered that a Chinese-American spy had been working in Senator Feinstein’s office since 1996, and had been reporting back to China’s Ministry of State Security. Feinstein said the staffer was immediately let go from her office after the FBI discovered who he really was, and insisted that the staffer had never had access to sensitive information.

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[–] 14121978? ago  (edited ago)

Fuck your pay to read bullshit

That article is 7 yrs old

Failure

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[–] 14121694? ago 

So good to hear thanks

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[–] 14121905? ago 

https://archive.fo/z4uO7 :

Seeing Winners Become Losers - WSJ


This has been an automated message.

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[–] 14121689? [S] 0 points 1 point (+1|-0) ago 

Ugh - article date is 2011 - Page header shows Sep 24th 2018 - my bad.

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[–] 14122029? ago 

It's still potentially relevant, just not as much so.