Friday, May 01, 2009

Diane Feinstein: Corrupt Hack - Husband gets FDIC contract worth billions.

This is a week old story but I finally have some time to write about it.

The brain stumps of California keep voting this hack in (along with Barbara Boxer), even though she's voted FOR FISA, FOR the Patriot Act, FOR more and more war funding.

Get this: Her husband has made a fortune off war contracts. Well no wonder she voted to start wars and to fund them lavishly!

Wiki Entries:
In 1980, she married Richard C. Blum, an investment banker. In 2003, Feinstein was ranked the fifth-wealthiest senator, with an estimated net worth of $26 million.[6] By 2005 her net worth had increased to between $43 million and $99 million.[7] Her 347-page financial-disclosure statement[8] – characterized by the San Francisco Chronicle as "nearly the size of a phonebook" – draws clear lines between her assets and those of her husband, with many of her assets in blind trusts.[9]

Possible conflicts of interest
Feinstein has received scrutiny for her husband, Richard Blum's, extensive business dealings with China and her past votes on trade issues with the country. Critics have argued that Feinstein's support, as a member of the Senate's Military Construction Appropriations subcommittee, of policies that may benefit her husband may raise the appearance of a conflict of interest.[45] Suburban newspaper Metro Silicon Valley reported in 2007 that Blum holds large investments in companies that have won large government contracts without competitive bidding. In April 2007, Feinstein's office denied there was a conflict of interest and stated that her departure from the subcommittee had nothing to do with the reports in the Metro weeklies.

As of December 2006, according to SEC filings and,[46] three corporations in which Blum's financial entities own a total of $1 billion in stock won considerable favor from the budgets of the Department of Defense and the Department of Veterans Affairs.

The Washington Times reported in April 2009 that in October 2008, Feinstein had requested $25 billion in extra federal funding for the Federal Deposit Insurance Corporation (FDIC), which days later granted real estate company Richard Ellis, on which Feinstein's husband serves on the board of directors, a contract to sell foreclosed homes on the FDIC's books.

[Article] Diane Feinstein's husband profitted of the war

And suddenly out of nowhere, her husband buy CB Richard Ellis stocks and they go up 40% because her husband's company got a fat (higher than normal commission laden) contract from the FDIC?

And I'm sure the Feinstein couple needs the millions more on top of their tens of millions they already have.

Talk about corrupt! Where is the outrage? Oh wait, she's a Democrat, so she can't be bad.

Diane Feinstein's husband lands a fat FDIC contract from thin air

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