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Sen. Feinstein's Husband Cashes In on Crisis (Contractual Kickback )
Fox ^ | Tuesday, April 21, 2009

Posted on 04/21/2009 12:37:31 PM PDT by Red Steel

California senator sought $25 billion for a government agency that had awarded her husband's real estate firm a lucrative contract to sell foreclosed properties.

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, the Washington Times reported on Tuesday.

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.

Spokesmen for the FDIC, Mrs. Feinstein and Mr. Blum's firm told The Times that there was no connection between the legislation and the contract signed Nov. 13

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


TOPICS: Crime/Corruption; Front Page News; Government; US: California
KEYWORDS: 111th; blum; california; corruptdems; democratcorruption; difi; feinstein; richardblum

1 posted on 04/21/2009 12:37:31 PM PDT by Red Steel
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To: Red Steel

Too bad that the only senator with a brain from California has a corrupt brain.


2 posted on 04/21/2009 12:39:12 PM PDT by Minn (Here is a realistic picture of the prophet: ----> ([: {()
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To: Red Steel

The problem is that, unlike enlightened Europe, us American peasants haven’t yet come around to simply accepting the fact that some are more equal than others.


3 posted on 04/21/2009 12:39:40 PM PDT by sinanju
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To: Red Steel

Senate ethics rules state that members must avoid conflicts of interest as well as “even the appearance of a conflict of interest.” Some ethics analysts question whether Mrs. Feinstein ran afoul of the latter provision, creating the appearance that she was rewarding the agency that had just hired her husband’s firm.

DiChiFi is in FuLL Blum. ConGre$$ is in session.

used to be even the appearance of impropriety was the land you ought not cross..

Boy, have times ‘Changed’.


4 posted on 04/21/2009 12:41:22 PM PDT by NormsRevenge (Semper Fi ... Godspeed.)
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land=line

(drink)


5 posted on 04/21/2009 12:42:09 PM PDT by NormsRevenge (Semper Fi ... Godspeed.)
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To: Red Steel

Just another sleez bag politician.


6 posted on 04/21/2009 12:43:19 PM PDT by JamesA (He who hesitates is lost.)
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To: Red Steel

Doesn’t Diane head up the committee that is looking into the criminality of the lawyers and interrogation techniques??????????? DC politics as usual. It’s that MAD policy in action.


7 posted on 04/21/2009 12:43:55 PM PDT by petitfour
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To: Red Steel

Feinstein’s corrupt actions are bad, certainly, but, it appears that now we have gubmint agencies lobbying for financial support. Where in the Constitution does it talk about “redress” for gubmint agencies?

Washington dc isn’t worth saving. Let the damn swamp fill up with water again.


8 posted on 04/21/2009 12:45:31 PM PDT by RobinOfKingston (Democrats, the party of evil. Republicans, the party of stupid.)
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To: Red Steel

See other comments in earlier post:

http://www.freerepublic.com/focus/f-news/2233978/posts


9 posted on 04/21/2009 12:47:10 PM PDT by Steelfish
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To: Red Steel

Richard Blum and Diane Feinstein are leading candidates for this years, Dick Gebhardt memorial “Winners of Lifes Lottery” award.


10 posted on 04/21/2009 12:47:34 PM PDT by OrioleFan (Republicans believe every day is the 4th of July, democrats believe every day is April 15)
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To: Red Steel
Why else would she have spent 40mil on her reelection for a job that pays 160k
11 posted on 04/21/2009 12:54:54 PM PDT by Polynikes
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To: Red Steel
Is that mean ol' biased FOX promoting opening up the goings on of "pure as the driven rain democrat" shenanigans again?

Shame on FOX! /s

They have been MSM long enough to know the rules for crying out loud.

12 posted on 04/21/2009 12:58:09 PM PDT by EGPWS (Trust in God, Question everyone else)
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To: Red Steel

As a Royal member of the Royal 100 Club she can do whatever she wants as they all do. Just listen to the so called Republicans call the left wing Democrats their friends, when in fact they are supporters of the enemies of the American People. Royals always commit crimes together.


13 posted on 04/21/2009 1:00:42 PM PDT by YOUGOTIT (I will always be a Soldier)
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To: Polynikes
Why else would she have spent 40mil on her reelection for a job that pays 160k

Sadly enough, there still are people that ponder the meaning of your posted statement...and vote.

14 posted on 04/21/2009 1:00:46 PM PDT by EGPWS (Trust in God, Question everyone else)
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To: Red Steel

Where is Obama on this? Nowhere, of course.


15 posted on 04/21/2009 1:12:06 PM PDT by CodeToad (If it weren't for physics and law enforcement I'd be unstoppable!)
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To: Red Steel

ABC, NBC, CBS, CNN & NYTimes says “Who Cares!”.


16 posted on 04/21/2009 1:17:44 PM PDT by TexasCajun
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To: Red Steel

if this had involved a Republican, the NYT would print an afternoon edition.


17 posted on 04/21/2009 1:34:50 PM PDT by Eric in the Ozarks
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To: Red Steel

He’s been doing this for years. Why should he stop?


18 posted on 04/21/2009 1:38:45 PM PDT by DManA
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To: EGPWS
I called DiFis office, and the guy said that she was going to issue a statement... I told the guy I did not want a statement..typical dem answer, apologize, taken out of context, mis under stood etc.. Marth Stewart went to jail for less than this.. She needs to be before congress, and put under oath..This is second time she dished money to her husband.. the other was defense money..
19 posted on 04/21/2009 2:00:28 PM PDT by JoanneSD (illegals represented without taxation.. Americans taxed without representation)
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To: JoanneSD
and put under oath..This is second time she dished money to her husband.. the other was defense money..

Apparently the oath doesn't mean much to some...twice.

20 posted on 04/21/2009 2:09:21 PM PDT by EGPWS (Trust in God, Question everyone else)
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To: Red Steel
Spokesmen for the FDIC, Mrs. Feinstein and Mr. Blum's firm told The Times that there was no connection between the legislation and the contract signed Nov. 13

21 posted on 04/21/2009 2:15:36 PM PDT by Arrowhead1952 (It took almost 250 years to make the USA great and 30 days for "The Failure" BO to tear it down.)
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Senator’s husband cashes in on crisis (Feinstein Alert)
Washington Times | 04/21/09 | Chuck Neubauer
Posted on 04/20/2009 11:28:40 PM PDT by Big_Monkey
http://www.freerepublic.com/focus/f-news/2234056/posts


22 posted on 04/21/2009 6:47:04 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/____________________ Profile updated Monday, January 12, 2009)
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To: Red Steel; Yaelle; doug from upland; ml/nj; ExTexasRedhead; All
This is not the first time that Feinstein has steered government money toward her husband Blum.
23 posted on 04/21/2009 8:37:10 PM PDT by justiceseeker93
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To: justiceseeker93
“This is not the first time that Feinstein has steered government money toward her husband Blum”

Nancy Pelosi managed, before it was discovered, to have her hubby exempted from paying the federal minimum wage at his commercial operation on Guam (by exempting Guam from the legislation).

24 posted on 04/21/2009 9:30:58 PM PDT by mtntop3
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