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EXCLUSIVE: Senator's husband cashes in on crisis
Washington Times ^ | April 21, 2009 | By Chuck Neubauer

Posted on 04/21/2009 4:51:49 AM PDT by COUNTrecount

Feinstein sought $25 billion for agency that awarded contract to spouse

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.

About the same time of the contract award, Mr. Blum's private investment firm reported to the Securities and Exchange Commission that it and related affiliates had purchased more than 10 million new shares in CBRE. The shares were purchased for the going price of $3.77; CBRE's stock closed Monday at $5.14.

(Excerpt) Read more at washingtontimes.com ...


TOPICS: Front Page News; News/Current Events
KEYWORDS: 111th; blum; corruptdems; duplicate; feinstein; richardblum

1 posted on 04/21/2009 4:51:49 AM PDT by COUNTrecount
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To: COUNTrecount

Throw the book at the ditz. This is why politics is so lucrative.


2 posted on 04/21/2009 4:53:45 AM PDT by doodad
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To: COUNTrecount

Now that’s a shocker. Not.


3 posted on 04/21/2009 4:54:08 AM PDT by Loyal Buckeye
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To: COUNTrecount

Feinstein also lives in a private, gated community with armed guards in S.F.

A real rep. of the people.


4 posted on 04/21/2009 4:59:34 AM PDT by RexBeach ("Do your duty in all things." Robert E. Lee)
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To: COUNTrecount

They are dims, nothing to see here...move along.


5 posted on 04/21/2009 5:03:41 AM PDT by alice_in_bubbaland (Markets and Marxists Don't Mix! Smile you're on Janet's Candid Camera!)
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To: COUNTrecount
Photobucket

RE-ELECT NOBODY!

BUT, HOUSTON, WE STILL HAVE A PROBLEM!

What is to be done about the HILL RATS? These are the allegedly “professional” staffers who are so named because after each election, they scurry like rats to a new member – ANY MEMBER (his politics seldom matter) – just to remain close to the power. Most are flaming liberals and, after the “experienced” staffer shows the new guy where the joh is, because they have been up there for decades, far too many of these new members rely on them for how to vote and get along in the thoroughly corrupt system of “you scratch my back, I’ll scratch yours” that has caused the mess in which we now find ourselves.

Looks like we will also need TENURE LIMITS with stiff penalties for breaking the rules!


6 posted on 04/21/2009 5:04:57 AM PDT by Dick Bachert
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To: COUNTrecount
This is a duplicate thread.

See http://www.freerepublic.com/focus/f-news/2234149/posts

7 posted on 04/21/2009 5:05:45 AM PDT by magellan
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To: RexBeach

These people aren’t stuipd. They’re American Royalty, and plan to stay that way.


8 posted on 04/21/2009 5:20:48 AM PDT by Wolfie
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To: COUNTrecount

anytime something like this is uncovered that politician should have to immediatly resign from office...this goes directly against the fabric of the oath of office they take. it is amazing that people will continue to vote them back into office and then sit back and complain about what they are doing......


9 posted on 04/21/2009 5:24:45 AM PDT by tatsinfla
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To: Dick Bachert

absolutly it is long past due. it amazes me that the president can only serve two terms but these people can make a carreer out of politics. it is high time the states began setting term limits on this ass clowns.


10 posted on 04/21/2009 5:26:42 AM PDT by tatsinfla
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To: COUNTrecount

http://www.freerepublic.com/focus/f-news/2234056/posts


11 posted on 04/21/2009 5:38:27 AM PDT by upchuck (I'm glad I'm old. Thus I can remember when America was a decent, moral, God fearing country.)
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To: COUNTrecount

Typical politician— one for the money, two for the show.


12 posted on 04/21/2009 5:56:07 AM PDT by mathurine
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To: Wolfie

You said it, brother!


13 posted on 04/21/2009 7:00:43 AM PDT by RexBeach ("Do your duty in all things." Robert E. Lee)
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To: magellan

Thanks. I searched using the actual title and nothing came up.


14 posted on 04/21/2009 7:39:09 AM PDT by COUNTrecount (http://obamaclock.org/)
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To: COUNTrecount

Term limits. Term limits. Along with Tea Parties to downsize government, we need to tell these politicians it’s not a lifetime appointment. They’ll have to go back to their jobs and communities after a two-term stint.


15 posted on 04/21/2009 7:21:36 PM PDT by samsmom
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To: COUNTrecount

Surprised? Nah, this is what overlords always do with their serfs. This ain’t no free country, not since the insurrection.


16 posted on 04/21/2009 7:31:35 PM PDT by LearsFool ("Thou shouldst not have been old, till thou hadst been wise.")
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To: tatsinfla

Well, the people never hear of these things. The Democrat propaganda outlets, otherwise known as the MSM, make sure of it.


17 posted on 04/21/2009 7:37:26 PM PDT by KansasGirl
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To: COUNTrecount
It's a "culture of corruption!"

But only when the republicans were in the majority. Now, it's cool.

18 posted on 04/21/2009 7:57:08 PM PDT by HoosierHawk
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To: COUNTrecount

The most amazing thing about this article, is that her party affiliation is even mentioned.


19 posted on 04/21/2009 8:13:35 PM PDT by FromShadow
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20 posted on 04/21/2009 8:14:27 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/____________________ Profile updated Monday, January 12, 2009)
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To: SunkenCiv

She’ll get away with it and we’ll let her. We just sit and bitch and do nothing. America is down the tubes.


21 posted on 04/21/2009 8:17:05 PM PDT by sonic109
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To: COUNTrecount
Again?

This is Feinstein's second strike. She already had to step down from a military sub-committee because of her husband's business getting money from her votes.

It's time for Republicans to make an issue of this. Republicans have been castigated for Democrats for less, and for first offenses.

This is #2 for Feinstein.

-PJ

22 posted on 04/21/2009 8:21:24 PM PDT by Political Junkie Too (This just in... Voting Republican is a Terrorist act!)
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To: COUNTrecount

I bet DiFi and hubby share some freaky pillow talk over all the 1-2 punch shenanigans they have manipulated the taxpayers out of...that they go uninvestigated is a complete travesty of justice! Organized crime in the halls of DC. Weep for America!


23 posted on 04/21/2009 8:34:08 PM PDT by tflabo (Truth or Tyranny)
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To: SunkenCiv
Shame on her.


24 posted on 04/21/2009 8:37:41 PM PDT by tflabo (Truth or Tyranny)
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To: COUNTrecount
Were are our BUSSES to take us to protest their homes, let's get going here. Acorn did not miss a beat with the blessing's of Congress.

Where is the OUTRAGE?

25 posted on 04/21/2009 9:57:02 PM PDT by annieokie (i)
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To: COUNTrecount

I heard yesterday that the Fed.gov is once again promoting SubPrime Crime! No money down, no credit check, interest-only loans for the first 10 years to minorities, etc. Anyone able to confirm this?


26 posted on 04/22/2009 5:46:11 AM PDT by 2harddrive (...House a TOTAL Loss.....)
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To: COUNTrecount

A real shocker.

This is just the stuff that gets flagged. They, the politicans, know that this stuff is going to be looked at ...just imagine if you will what doesn’t get caught.

I suspect this kind of stuff is just the handrails on the bridge that is sacrificed to keep the really good and big stuff from being found out.

This was only $25 million of almost $800 billion. Only 0.0031% of the total. This is the equivalent of $3.12 out of $100,000. Does this give any perspective?

Just way too much money floating around. Isn’t it a little odd and shouldn’t it cause some questions to be asked when politicans are richer than their salaries and mostly leave office with more money than when they entered?


27 posted on 04/22/2009 6:18:00 AM PDT by Sequoyah101 (Half of the population is below average)
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To: Sequoyah101

Congresscrooks in action.


28 posted on 04/22/2009 7:12:29 AM PDT by ding_dong_daddy_from_dumas (Obama's multi- trillion dollar agenda would be a "man caused disaster")
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