Tuesday, April 22, 2008

Keating 5 to Diamond 1

Okay, my title isn't exactly spot-on, but McCain is the only member of the Arizona Congressional delegation running for president. From Paul Kiel in today's TPM:

The New York Times tests the limits of McCain's vigilance in a piece today about McCain's decades-old ties to a wealthy Arizonan developer named Donald Diamond.

The main thrust is this: on a number of key occasions, McCain played a key role in helping Diamond, a major campaign contributor, make deals that made him millions of dollars. The piece focuses on three deals in particular: two of those involved bills (in 1991 and 1994) co-sponsored by McCain that swapped public land for Diamond's land, and the other involved McCain doing a couple personal favors in order to help Diamond land an incredibly lucrative piece of land owned by the Army. In each of those cases, Diamond was able to secure the assistance of other members of the Arizona delegation, and it's crystal clear from the piece that Diamond knows how to work his lawmakers.

The most delicate of the three transactions for the McCain camp is undoubtedly the Army deal: an old base in Monterey County, California called Fort Ord. Helped along by a meeting with an Army official set up by a McCain aide, Diamond got the inside track on the land, which ultimately made him a $20 million profit. McCain had also written a letter to the city of Seaside, California, enthusiastically recommending Diamond, who was making a bid to buy Fort Ord's two golf courses that had been acquired by the city.


22 April 2008

No comments: