US Senator’s husband stands to profit big from government deal

[Chef Ramsay]

Ever wonder how lowly paid lawmakers leave office filthy rich?

Sen. Dianne Feinstein is showing how it’s done.

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.

This feat of federal spousal support was ignored by the media after Feinstein’s office said the senator, whose wealth is pegged at $70 million, had nothing to do with the USPS decisions.

When the national debt is $18 trillion, a billion seems like small change.

http://pagesix.com/2015/01/16/senators-husband-stands-to-profit-from-government-deal/?_ga=1.137700920.922370688.1421462337

Must be nice but that's how it's done, folks.

[Wilikon]

Ever wonder how lowly paid lawmakers leave office filthy rich?

Sen. Dianne Feinstein is showing how it’s done.

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.

This feat of federal spousal support was ignored by the media after Feinstein’s office said the senator, whose wealth is pegged at $70 million, had nothing to do with the USPS decisions.

When the national debt is $18 trillion, a billion seems like small change.

http://pagesix.com/2015/01/16/senators-husband-stands-to-profit-from-government-deal/?_ga=1.137700920.922370688.1421462337

Must be nice but that's how it's done, folks.

 
Don't be too harsh on her. She is a democrat. She has the right to keep it. That money is for the little people, the middle class and everyone the Republicans hate. Bonus: She is not watching foxnews so she can keep the money even more.
 

[Rishblitz]

crony capitalism has been going on in the U.S for years now.

[98problems]

I am going to assume that there is some kind of typo when you said that he stands to make $1 billion in commissions. I see no valid reason why he could potentially receive that much. There is no amount of work he can provide the government that would warrant that kind of payout

[Rishblitz]

I am going to assume that there is some kind of typo when you said that he stands to make $1 billion in commissions. I see no valid reason why he could potentially receive that much. There is no amount of work he can provide the government that would warrant that kind of payout

realtors make huge commissions.

[Possum577]

How did her Husband end up with the contract? Was it blatantly given to him or was he kept apprised of the bidding opportunity and ideal terms which allowed him to appear as the best bidder? Any one on the right giving a shit about this?