Thursday, April 23, 2009

Casino Feinstein

From Harper's:

"""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 on 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.""""

Dame DiFi's now expanded her bunko operation from war profiteering to mortgage scams. As many DiFi-watchers probably realize, this isn't the first time that DiDi has awarded sweet deals to her Bay-area sugar-daddy Blum--just the first time some VIP has seemed to mind (DiFi's now spinning the "we didn't know" meme, which seems to work fine for politicians--not for homies in cellblock B). It's probably Buh-bye to gubernational dreams, and back to Bayberg for DF--though with Blum/CB Ellis' deep pockets funding her, she could conceivably hire some Ueber-Attorney to cook the books, and soon return to mishandling assault rifles in front of Demopublicans.

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