Soros & Chertoff Make a Killing On Controversial TSA Scanners
Posted by Jim Hoft on Wednesday, November 17, 2010, 6:09 AM
Well, what do you know…
Uncle George made a killing this year off of those controversial TSA scanners.
The Washington Examiner reported, via Free Republic:
Be sure and read Tim Carney’s Examiner column today on the politically-connected lobby for the controversial new TSA scanners that are upsetting airline employees and travelers everywhere. Carney notes that a company called Rapiscan got a $165 million contract for the new body image scanners four days after the underwear-bomber incident this past Christmas. Not surprisingly, Rapiscan is politically connected, observes Carney:
Rapiscan got the other naked-scanner contract from the TSA, worth $173 million. Rapiscan’s lobbyists include Susan Carr, a former senior legislative aide to Rep. David Price, D-N.C., chairman of the Homeland Security Subcommittee. When Defense Daily reported on Price’s appropriations bill last winter, the publication noted “Price likes the budget for its emphasis on filling gaps in aviation security, in particular the whole body imaging systems.”
Then this morning Carney also noted that former Homeland Security secretary Michael Chertoff was flacking for Rapiscan.
As for the company’s other political connections, it also appears that none other than George Soros, the billionaire funder of the country’s liberal political infrastructure, owns 11,300 shares of OSI Systems Inc., the company that owns Rapiscan. Not surprisingly, OSI’s stock has appreciated considerably over the course of the year. Soros certainly is a savvy investor.
Likewise, Former former Homeland Security secretary Michael Chertoff also made out on the new scanners.
The Boston Globe reported on this back in January:
Former Homeland Security secretary Michael Chertoff has given dozens of media interviews touting the need for the federal government to buy more full-body scanners for airports.
What he has made little mention of is that the Chertoff Group, his security consulting agency, includes a client that manufactures the machines. Chertoff disclosed the relationship on a CNN program Wednesday, in response to a question.
An airport passengers’ rights group on Thursday criticized Chertoff’s use of his former government credentials to advocate for a product that benefits his clients.
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Published May 16, 2012 at 7:37 pm - 46 Comments
C-Christian Soldier commented:
why am I NOT SURPRISED!!!
Granny commented:
Not at all surprising. You know there had to be some political shenanigans going on for this to be instituted with no public discourse.
What I really want to know, though, is THIS: Every picture I see of these “pat downs” shows TSA employees wearing blue medical gloves. And there are dozens of reports of these same employees putting their hands down their victims pants. ARE THEY CHANGING THE BLOODY GLOVES BETWEEN VICTIMS? As a medical professional, I really want to know the answer to this. Because if they are not, then they are spreading disease far and wide with every “search.”
Just for curiousity’s sake, I would also like to see the studies that have declared these full body scan machines “safe” along with the training criteria and certificates of completion held by the operators. After all, operation of any other type of x-ray machine requires special training, education and certification.
Madkangaroo commented:
The perennial revelation of stuff like this provides more than enough rationale for drastically reducing the federal government’s authority to tax and spend.
arnonerik commented:
A great move on the part of George Soros. He gets to kill two birds with one stone. #1, The American people are being trained to be submissive and obedient to Government officials and #2, Soros gets to make a ton of money doing it. Score two for “World Governance”.
arnonerik commented:
Isn’t it fortunate a fortunate coincidence for Soros that he manages to profit from so many Federal government decisions. God must be rewarding him for his ‘selfless’ work on behalf of the Progressive cause.
tarpon commented:
Madkangaroo — Why not start with a 75% cut in federal dolloars?
Repeal the 17th Amendment, end the “Schumer seat syndrome” and stop the unfunded mandates with one act.
mark commented:
Isn’t it odd that Obama isn’t at fault for the TSA security disaster going on now? Why is he not responsible for this? Remember it was Bush’s fault for everything. Big Sis is only doing her job (poorly I may add) but she’s doing her job–carrying out the will of the President. One of the marks of a great leader is his/her ability to select capable subordinates.
Jess commented:
“I’m shocked, shocked to find that gambling is going on in here!”… heh.
StewartIII commented:
ChickaBOOMer: Don’t Touch My Junk!
http://chickaboomer.blogspot.com/2010/11/dont-touch-my-junk.html
avery commented:
Don”t let T S A join the Unoin,they can shot down travel in this country.
Chip Bennett commented:
Imagine if the Rape-iscan (an apropos name if ever there was one) machines had been manufactured by Teh Evil Haliburton during the Bush administration years…
Muffin commented:
Now, certainly this type of collusion is a federal crime. I know, we don’t have any honest feds to enforce it.
Back to today’s first order of business, I want my representatives to get my state a waiver from Obamacare, or if that’s not immediately possible, at least a small little waiver exempting myself and my family. I expect at least that.
Gini commented:
I not at all surprised by this information.
Madkangaroo commented:
Tarpon – Gov will always be a juicy target for the corrupt, so much power and money in one place, but we ought to at least limit the potential payoff and damage to society. I’m thinking along the lines of a constitutional amendment capping revenues to equal the amount collected by the states (with larger, but still limited, amounts temporarily allowed in cases of war and other national emergencies), and more specific rules about spending and debt.
mark commented:
“Now, certainly this type of collusion is a federal crime. I know, we don’t have any honest feds to enforce it.”
Spot on comments. Timothy Carney has been providing insight into the cozy relationship between Congress and business for some time. Particuarly revealing is that the Democrats, supposedly the “Party of the Little Guy,” leads the corruption. Crony capitalism at its finest. The rest of the world lives with it; we’re now having our noses rubbed in it.
bg commented:
++
you mean our “Occupied Government” is the ‘C’ word?
say it ain’t SOROS!!
oh wait..
“You ain’t seen nothin’ yet!” B Hussein O
btw, there’s another ‘C’ word involved, namely
CHOPRA (not to mention others), go f&gure..
[Other recipients of Nudie-Scan Cash (From OSI's PAC)...
2010 House
Harman, Jane (D-CA) $4,900
Thompson, Bennie (D-MS) $3,900
Price, David (D-NC) $3,500
Rogers, Mike (R-MI) $2,300
Jackson Lee, Sheila (D-TX) $500
2010 Senate
Burr, Richard (R-NC) $3,500
Feinstein, Dianne (D-CA) $2,000
Reid, Harry (D-NV) $1,000
Wicker, Roger (R-MS) $2,000
2008 House
Thompson, Bennie (D-MS) $4,600
Price, David (D-NC) $4,600
Etheridge, Bob (D-NC) $2,300
Mica, John L (R-FL) $1,000
2008 Senate
Cochran, Thad (R-MS) $4,300
Wicker, Roger (R-MS) $2,500
Dole, Elizabeth (R-NC) $1,000
Burr, Richard (R-NC) $1,000]
more @ link..
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bg commented:
++
re: #18
OSI Systems Chief Executive Officer
Joins US Presidential Visit to India
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jetstream commented:
#2 Granny
So glad you pointed this out. I thought the same thing. They could be spreading STDs and other diseases by not changing gloves between gropings. It’s particularly disturbing that people with medical devices are being subjected to invasive assaults by non-medical professionals who don’t know what they’re doing and could cause significant harm.
And, as you said, where is there education and certificates to operate the machines? Are people standing nearby also subject to the radiation? There are people who have no choice but to fly to get medical treatment which is not available near home.
SandyfromChesterfield commented:
The theory is if you do not like the “love pats” you will go through the body scanners instead. This way they can sell more scanners. Too bad George already supposedly sold his stock. The poor TSA employees will be much better off after they vote to join the AFL-CIO next year!
SandyfromChesterfield commented:
OSI Systems shares an acronym with Soros’s phony philanthropic organization, Open Society Institute – so Soros has not gone far after selling his stock.
FactYouAll commented:
In case anyone hasn’t done the math, its my pleasure. All statistics are from GOOGLE quotes on OSIS from 11-17-2010.
OSI shares outstanding: 18.65M
OSI closing price: $35.73
OSI shares for Soros: 11,300 = .06% of all shares – worth $404,000
I don’t have any facts on the overall Soros investment portfolio, but my guess is that this is not a big deal, or else there won’t be much cash to through at the Dems anytime soon.
BTW, the above figures are the stock value of that number of shares at today’s price. To figure any profit gained, you need to know the price appreciation since the stock was purchased. The stock appreciation since Dec 2009 (underwear bomber) has been about 80%, so Soros might have a profit near $180,000. Not bad for a years investment. But is there anything unusual about it? What’s the big deal?
Chisum commented:
FactYouAll ,
Why the name change? What’s the matter? Isn’t your Messiah giving you anything to LOL about, “LOL King”?
LOL LOL LOL
FactYouAll commented:
I don’t understand you. Do you have anything to add to my comments, or are you reading the wrong web site?
bg commented:
++
FactYouAll #23
ever hear of making a killing??
yes they made their killing, now they’re deserting their sinking ship, just like the BP guy who sold off all of his shares before the oil well spill, nah, no corruption there, uh-uh, of course it was just another coinkydink, not to mention Goldman Sachs, nor their main man Obama’s wheeling & dealings, no no no..
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bg commented:
++
OSI Systems Inc.
interesting charts
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