More Corruption Exposed in Obama's Siga Pharma Deal
Intensifying the culture-of-corruption stench: the critical role of Andy Stern. He's the profligate, corruption-coddling former head of the powerful Service Employees International Union -- the 2.2 million-member public-employee union powerhouse that he left in April 2010 with a mountain of debt and eroding rank-and-file pensions (and looming FBI investigation).
In a classic access-buying maneuver, Siga placed Stern on its board of directors in June 2010. Four months later, Siga nabbed an estimated $3 billion contract. By January of this year, Siga's stock had skyrocketed. The House GOP has been investigating the deal for months, which comes amid separate allegations of insider trading and political profiteering by investigative journalist Peter Schweizer.
Also:
According to the L.A. Times, which exposed the scandal over the weekend, Obama's top biodefense bureaucrat Nicole Lurie railroaded a key dissenter at the Department of Health and Human Services who ridiculed Siga's inflated projected profit margins. Lurie soothingly reassured a whiny Siga executive that the "most senior procurement official" would take over and mollified him in a letter: "I trust this will be satisfactory to you."
Posted by: Eohippus Phater7165 2011-11-17 |