Skip to comments.Senate Husband's Firm Cashes In On Crisis [This is Criminal!!!]
Posted on 04/20/2009 8:12:39 PM PDT by Steelfish
Senate husband's firm cashes in on crisis
Feinstein sought $25 billion for agency that awarded contract to spouse
By Chuck Neubauer THE WASHINGTON TIMES Tuesday, April 21, 2009
On the day the new Congress convened this year, Sen. Dianne Feinstein introduced legislation to route $25 billion in taxpayer money to a government agency that had just awarded her husband's real estate firm a lucrative contract to sell foreclosed properties at compensation rates higher than the industry norms.
Mrs. Feinstein's intervention on behalf of the Federal Deposit Insurance Corp. was unusual: the California Democrat isn't a member of the Senate Committee on Banking, Housing and Urban Affairs with jurisdiction over FDIC; and the agency is supposed to operate from money it raises from bank-paid insurance payments - not direct federal dollars.
Documents reviewed by The Washington Times show Mrs. Feinstein first offered Oct. 30 to help the FDIC secure money for its effort to stem the rise of home foreclosures.
Her letter was sent just days before the agency determined that CB Richard Ellis Group (CBRE) - the commercial real estate firm that her husband Richard Blum heads as board chairman - had won the competitive bidding for a contract to sell foreclosed properties that FDIC had inherited from failed banks.
(Excerpt) Read more at washingtontimes.com ...
A corrupt California liberal? No, I don’t believe it.
And I’ll try to act surprised when she gets re-elected...:(
she needs to resign...
let the little people eat cake, and pass the grey poupon
hasn’t her husband been getting government contracts for many years?
Time to take to the streets- This b*tch needs to resign now! This is a flagrant rape of taxpayers at a time of a major economic crisis with millions out of work and out of homes. Is there any outrage left? Have we lost our republic?
Yes. She has pulled this crap before.
This is the most blatant form of taxpayer theft. If there was outrage over AIG bonuses, this deal stinks to the high heavens. Goodness gracious, this is worse than third world bribery at its lowest! To the people of California: “Hang Down Your Head In Shame.” Can we recall this skunk?
In much more important news, Sarah Palin’s daughter’s baby’s father’s mother claim that her son’s baby’s mother’s mother will not allow her enough alone time with aforementioned baby.
Much, much more important. Move along.
She will be rewarded, ... again, IMO.
Where the hell is conservative talk radio on this? If Sarah Palin had done something like this as a US senator, we’d be seeing this round the clock on TV and it would be on front pages on the LA Times. We now don’t even have a decent state newspaper. What have these watchdogs gotten us?
There aren’t enough hours in the day for Rush Limbaugh to cover all the scandals.
True- But this is Grand Theft in broad daylight of Taxpayers trying to make ends meet. If the RNC is not going to run ads on this and change public opinion they are worse than useless.
I’m going to coin a new word. Felocracy.