Sen. Feinstein’s Husband Cashes In on Crisis, Thanks To Her?
Posted on June 23, 2009
Filed Under home foreclosure investing |
Airing Date April.15, 2009
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, and that the couple didn’t even know about CBRE’s business with FDIC until after it was awarded.
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.
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17 Responses to “Sen. Feinstein’s Husband Cashes In on Crisis, Thanks To Her?”
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Craigslist, or …
Craigslist, or Congress which one has more whores?
Makes you wonder when some Medical student is going to administer dirt naps to these ho’s.
wonder what would …
wonder what would happen if you substituted Cheney for Feinstein and Haliburton for CBRE
“unaware” huh?
Wow …
“unaware” huh?
Wow…miraculous coincidence
I am soooo sick of all the deceit, lies, and trickery of obama & his Korrupt Keystone Kops
P R O S T I T I C I …
P R O S T I T I C I A N that makes chris “truth squad” dodd look ethical.
put this broad in …
put this broad in jail, strip her of all the monies earned and all benefits, that will send a message to all political officials that they should not steal from the hand that feeds them!
tis senator needs …
tis senator needs to be investigated tried “fairly” and then jailed and given a massive fine along with her crooked husband
Do you think it …
Do you think it will get anyone anywhere wrighting him? Honestly.
So this happens in …
So this happens in January and we are just hearing about this now. So what the senator needs to do if she didn’t find out about the conflict of interest until after the awarded contract is to remove themselves from selling the forclosed houses that the FDIC awarded them to do, take all there profits that they got from these sales and have them return it PLUS interest back to the state.
They should be …
They should be executed under TREASON
juden swine…. …
juden swine….vermin.
Welcome to Third …
Welcome to Third World America: no accountability and open theft; a select circle of criminals who close ranks in “bipartisanship” whenever questions are raised. CA’s senators are Barbara Boxer and Diane Fienstein - think about that. Hopefully Gavin will become governor and the circle can be squared in that God-forsaken state.
They’re all …
They’re all thieving scum.
Sen. Feinstein …
Sen. Feinstein introduced legislation to route $25 billion in (taxpayer money) to a govt agency that 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 for the FDIC
was unusual, she isn’t a member of the Senate Committee on Banking, Housing and Urban Affairs. She should be brought up on charges and thrown out of office NOW! Write Obama and demand it!
Thanks for screwing …
Thanks for screwing us again senator.
No surprise. What …
No surprise. What do you expect your MASTERS to do SLAVES. SHUT UP and go to work and honor your MASTERS.
Let them eat cake!
Let them eat cake!
There just keeping …
There just keeping it in the NWO family. “It’s just a big club and we aint in it” Thanks saveoursovereignty3 for the video