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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Soul Crusher on April 21, 2009, 05:26:06 AM
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Senator’s husband cashes in on crisis:Feinstein sought $25 billion for agency
Washington Times ^ | 4-21-09 | Chuck Neubauer
Posted on Tuesday, April 21, 2009 7:47:18 AM by scooby321
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.
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And you people wonder why taxpayers are taking to the streets??????
Also, can be blame this on Bush too?
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Senator’s husband cashes in on crisis:Feinstein sought $25 billion for agency
Washington Times ^ | 4-21-09 | Chuck Neubauer
Posted on Tuesday, April 21, 2009 7:47:18 AM by scooby321
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.
________________________ ________________________ ________________________ __
And you people wonder why taxpayers are taking to the streets??????
Also, can be blame this on Bush too?
Mexicans.
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This is more raping of the taxpayer and shows why the bailouts were a avenue for fraud.
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she's a crook
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Dianne Feinstein and her husband, Richard Blum, need to leave the stage of public life asap! >:(
In addition to his investment banking business, Blum is chairman of the Board of Regents of the University of California.
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Dianne Feinstein and her husband, Richard Blum, need to leave the stage of public life asap! >:(
In addition to his investment banking business, Blum is chairman of the Board of Regents of the University of California.
also the boss of C.B. Richard Ellis, the commercial real estate company
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These folks have no shame.
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This should make your blood boil.
91,000 calls to Dianne Feinstein's office, 85,000 opposed to the bailouts YET she STILL voted FOR IT! She just basically said the people are stupid.
Write her a letter and tell her to go jump off a cliff.