Moderators IWS Posted April 22, 2009 Moderators Posted April 22, 2009 I'm sure her good buddy Nancy P. will get right on this since this is the most ethical Congress, ignore Charlie Rangel, Chris Dodd, Barney Frank, etc... EXCLUSIVE: Senator's husband's firm cashes in on crisis Feinstein sought $25 billion for agency that awarded contract to spouse By Chuck Neubauer (Contact) | Tuesday, April 21, 2009 EXCLUSIVE: 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. 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. Notice how, just as usual, there is no mention that this is a Democrat. The media always leads with Republican Senator, Republican Congressman, or Republican Governor on scandal stories, but no, no media bias. :rolleyes: Quote One of the consequences of such notions as "entitlements" is that people who have contributed nothing to society feel that society owes them something, apparently just for being nice enough to grace us with their presence.? ~ Thomas Sowell
mercury Posted April 22, 2009 Posted April 22, 2009 Did you miss the 16th word in the 2nd paragraph? ;) Quote
Moderators IWS Posted April 22, 2009 Author Moderators Posted April 22, 2009 Did you miss the 16th word in the 2nd paragraph? ;) I guess I did, but it would have been in the headline and a preface to every time the name was said if it was a Repub. Quote One of the consequences of such notions as "entitlements" is that people who have contributed nothing to society feel that society owes them something, apparently just for being nice enough to grace us with their presence.? ~ Thomas Sowell
Moderators IWS Posted April 25, 2009 Author Moderators Posted April 25, 2009 It seems that this isn't the first time the good Senator did this... ON CAPITOL HILL Feinstein quits committee under war-profiteer cloud Report documents military contracts for firms owned by senator's husband Posted: March 28, 2007 10:05 pm Eastern Sen. Dianne Feinstein, D-Calif., has abruptly walked away from her responsibilities with the Senate Military Construction Appropriations Subcommittee after a report linked her votes to the financial well-being of her husband's companies, which received billions of dollars worth of military construction contracts she approved. As reported in Metroactive, an online report from the Silicon Valley, Feinstein's resignation followed six years of subcommittee work during which time her alleged conflict of interest stemmed from her husband Richard C. Blum's ownership of Perini Corp. and URS Corp. Feinstein, chairman and ranking member of the subcommittee, regularly reviewed and accepted contracts from her husband's companies for not only construction work for military bases, but also addressing "quality of life" issues for the veterans of the United States military services. "As MILCON leader, Feinstein relished the details of military construction, even micromanaging one project at the level of its sewer design," wrote Peter Byrne in the report. "She regularly took junkets to military bases around the world to inspect construction projects, some of which were contracted to her husband's companies, Perini Corp. and URS Corp." He suggested perhaps Feinstein resigned "because she could not take the heat generated by metro's expose of her ethics? Or was her work on the subcommittee finished because Blum divested ownership of his military construction and advanced weapons manufacturing firms in late 2005?" Feinstein quits committee under war-profiteer cloud Quote One of the consequences of such notions as "entitlements" is that people who have contributed nothing to society feel that society owes them something, apparently just for being nice enough to grace us with their presence.? ~ Thomas Sowell
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