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Thursday, June 16, 2005
Consequences, part 1
Talking Points Memo has been all over the Randy "Duke" Cunningham imbroglio since day one. A recap: Cunningham sold his home to a company run by Mitchell J. Wade. Wade is also president of MZM, Inc., a defense contractor. Probably not a great idea, since Cunningham sat on the House Appropriations Committee, which has since awarded millions of dollars to MZM.It gets better.
Cunningham sold the house to Wade for $1.675 million in 2003. Wade put the house on the market almost immediately after buying it, and finally sold it in October for $975,000. That looks an awful lot like a $700,000 bribe.
It gets better.
Cunningham doesn't have a house, condo or apartment in D.C. He lives on a 34 ton yacht named the Duke Stir.
It gets better.
The owner of the Duke Stir? Mitchell J. Wade.
The NC Times interviewed an ethics expert:
"Then it is inappropriate because this person wants something from him and is apparently getting millions of dollars in federal contracts," said Bob Stern, president of Los Angeles-based Center for Governmental Studies, a nonpartisan think tank that studies campaign finance.
Of course, for Republicans, there are no consequences...yet.
