First let’s get the names right.
Sen. Dianne Feinstein’s husband is not Mr. Feinstein. No, his name is Richard Blum and he owns the investment firm of Blum Capital Partners (along with Mrs. Feinstein).
Mr. Blum is also CEO of the real estate firm, CBRE.
When you are into crooked deals with your husband it’s not a bad idea to have different last names.
Here’s how the most recent Feinstein/Blum thievery of U.S. tax dollars went down.
On the very first day the new Congress convened this year, Sen. Dianne Feinstein quickly introduced a bill to dole out $25 billion in taxpayer money to the FDIC, who, in turn, awarded Blum’s real estate firm, CBRE, a huge contract to sell foreclosed properties at compensation rates higher than the industry norms.
Our government saw to it that Blum would be overpaid for his work.
About the same time of the contract award, Mr. Blum’s and Mrs. Feinstein’s other company; Blum Capital Partners, purchased more than 10 million new shares in CBRE.
The shares were purchased for the going price of $3.77 – CBRE’s stock soared on Monday to $5.14.
That gave a profit of $13.7 million to Mr. Blum and Mrs. Feinstein.