Sweetheart Deals For Feinstein's Hubby's Clients, Biz Partners In Sales Of Post Office Buildings
Diane Feinstein is somewhat unique in that almost every time I read any piece of information about her or related to her, I loathe her more.
The latest is Ralph Nader calling for her to "introduce and champion a bill to immediately suspend all sales of postal properties throughout the country."
Why Feinstein?
From CorporateCrimeReporter.com:
As it turns out, Feinstein's husband, Richard Blum, is chairman of the C.B. Richard Ellis Group (CBRE), which has an exclusive contract to negotiate the sale of USPS real estate.Investigative journalist Richard Byrne has dug into CBRE's and Blum's activities and written an expose, most recenty in e-book form, titled: Going Postal: U.S. Senator Dianne Feinstein's Husband Sells Post Offices to His Friends, Cheap.
In his letter, Nader highlights a number of troubling issues raised by Byrne, including that in the first two years of CBRE's contract with USPS, it sold 52 postal properties at $66 million less than their assessed value.
"Perhaps of greater concern," Nader writes, "is that, according to Mr. Byrne, CBRE has sold 20 percent of the postal service's real estate portfolio that has been sold to date to its own clients or business partners."
Byrne says that the CBRE contract with USPS was renegotiated in 2012 so as to allow CBRE to negotiate on behalf of both the USPS and prospective buyers.
"How can the U.S. Postal Service reasonably expect that CBRE would obtain the highest possible value for postal properties if CBRE represents both sides of the transaction?" Nader asks.
Duh.
via Lisa Simeone
I cannot understand how as the state sinks further and further, Californians continue to vote this woman into office, besides name recognition. At least for Obama people naively thought he would be someone different. She has been the same for 20 years or so. All to say, I loathe her too!
NikkiG at October 7, 2013 8:57 AM
That is a much better example of wrongdoing than the previous post.
clinky at October 7, 2013 10:22 AM
Why is it that so many women who are held up as strong, independent, feminist politicians end up being little more than extensions of their husbands' corporate or political empires?
Conan the Grammarian at October 7, 2013 11:26 AM
You know that no individual working for a private company could do this and keep her job. She will remain unscathed. This is what is wrong with DC.
MarkD at October 7, 2013 12:11 PM
We need to get several amendments passed. One of them is term limits. That would make max of twelve years of a crappy senator then they are out on their butt.
The real solution is to put the fed back in its place. They are the 51 state, designated to look outward, not inward.
Jim P. at October 7, 2013 6:46 PM
Feinstein and her husband have been working this scam for years. She is on the committee (I think she is the chair) in the Senate that approves military construction contracts. Her husband's company has made billions on no-bid contracts approved by Feinstein's committee. A liberal alt-newspaper in San Francisco tried to do an expose on this last year. They got shouted down by the local leftist elites.
Cousin Dave at October 8, 2013 5:37 PM
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