Oct. 30, 2008, Senator Dianne Feinstein wrote a letter to the FDIC saying that she was introducing legislation to send them $25 billion "to help the FDIC secure money for its effort to stem the rise of home foreclosures" WT. Three days later, Richard Blum, her husband and Chairman of the CB Richard Ellis Group, (CBRE) was awarded a multi-million dollar government contract from the FDIC. About the same time, Mr. Blum's company also bought 10 million more shares of their own stock, now up about 40% or almost $14 million. Does the phrase "conflict of interest" come to mind? Extremist?“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.” Washington Times
Although most businesses are having difficultly making a profit during these hard times, Business Week names Mr. Blum’s company to their 50 Best Performers for the third year in a row.
What does Mr. Blum’s company do for the government? When you lose your home in foreclosure, his company will be the one who sells it, "at compensation rates higher than the industry norms"! Making big money off other people's financial ruin and taxpayers... I bet CBRE wasn't the low bidder!
YOU MAKE THE CALL ~ Which pays more, crime or politics?
emphasis added by
Denney Crane
PS. If there's a special place in hell...
.
2 comments:
Which pays more: Crime or politics?
And the difference between the two would be??????
If I've said it once I've said it a gazillion times: if the aforementioned story involved a Republican politician you wouldn't have to read about it from some weirdo on a blog. It would be front page news on every paper, headline news on every news channel (probably breaking)in big cases such as this and every radio station news break would mention it.
This is the first I've heard of this and I'm sort of a passive news hound- I read a lot of news but, to my discredit tend to use the headlines too much and don't dig in like I should.
No, you're not a weirdo but, you get my point I'm sure.
I think I'll sit here and rock back and forth to give the steam coming out of my ears time to subside and then get ready for work to make sure there's money to pay for this and the other nonsense coming down the pike.
Post a Comment