Dianne Feinstein wanted $25 billion for FDIC after they gave her husband a real estate deal

From this:

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...

Her husband is Richard Blum; the company is CB Richard Ellis Group or CBRE. Both of them deny any funny business and say they had no knowledge of the contract.

Other tags: federal deposit insurance corporation

Mon, 04/20/2009 - 21:11 · · Importance: 4


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