Jan. 20, 2015

Feinstein’s $1 Billion Conflict of Interest

The real estate company owned by Sen. Dianne Feinstein’s husband is about to get a windfall thanks to the government-run economy. Here’s what the New York Post’s Richard Johnson had to say about it: “The US Postal Service plans to sell 56 buildings – so it can lease space more expensively – and the real estate company of the California senator’s husband, Richard Blum, is set to pocket about $1 billion in commissions. Blum’s company, CBRE, was selected in March 2011 as the sole real estate agent on sales expected to fetch $19 billion. Most voters didn’t notice that Blum is a member of CBRE’s board and served as chairman from 2001 to 2014.” Apparently, deals like this have been going to the Feinsteins for years. Once again, Feinstein has found a loophole to direct taxpayer money to her husband and the companies owned by his friends. Even while Feinstein says the bidding processes were competitive, her husband has scored military construction contracts, and CBRE was positioned in such a way to catch the windfall from the senator’s tampering with the real estate market. While leftist elite decry the “One Percent,” they don’t mind being part of it themselves. More…

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