(Dem) Senator Dianne Feinstein husband’s firm cashes in on crisis (25 Billion)

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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.

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. Read More

Corruption? How do you feel about 25 billon being spent this away? 25 billion is alot of money!

LINKS:

(1) Bigger government = more corruption

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4 comments on “(Dem) Senator Dianne Feinstein husband’s firm cashes in on crisis (25 Billion)

  1. Hi I posted this a day or so ago with my lead in that this witch actually stepped in for her husband and kept me from syndicating apartments in upscale area of Sf on I believe it was called lake Los Angeles, it was back in the early 80’s. There was only one permit and we had it. Operative word had, got all the investors to put up money closed the deal only to find that Feinstein had stepped in and awarded the permit, drum roll, to her husband. Adding insult to injury, no court would hear our case in SF, I believe we tried filing in LA to no avail, I wan’t in on that part, just selling the shares of the partnership. She has been a crook since the early 80’s

  2. Interesting post re Feinstein’s history. And I’d forgotten about Nancy P. and the Tuna Exemption. The half-life of these stories would be about ten times longer, were the media not so corrupt.

  3. With Nancy Piglosi it goes deeper, when the minimum wage was put into place she had the exempt American Somoa making sure they would not be covered but of course Star Kist Tuna or the Parent Corp was headquartered there. All this needs to be dredged up so they can be kicked out of office, don’t think we will be having any special prosecutors, they will be to busy investigating the Bush Administration.

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