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Keyword: politicalbailout

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  • Feinstein responds to conflict of interest allegations

    04/21/2009 2:43:17 PM PDT · by SmithL · 23 replies · 1,057+ views
    SFGate: Politics Blog ^ | 4/21/9 | Carolyn Lochhead, Chronicle Washington Bureau
    California Sen. Dianne Feinstein today dismissed as "nonsense" allegations that her efforts to bolster funding for the Federal Deposit Insurance Corporation, which protects bank depositors, aided her husband Richard Blum's real estate firm. The story by the conservative Washington Times, which appeared today, said that Feinstein's bill to increase FDIC funding by $25 billion arrived shortly after the agency awarded CB Richard Ellis Group, where Blum is chairman of the board, a contract to sell foreclosed houses. Blum's firm won the contract through competitive bidding. The purpose of the contract was to help the FDIC dispose of foreclosed properties it...