Cronyism: Sen. Dianne Feinstein’s husband will make millions from sale of 60 USPS buildings

Blum and FeinsteinBlum & Feinstein

Here’s an email that’s gone viral.

It’s about 76-year-old millionaire Richard Blum, husband of 79-year-old millionaire Sen. Dianne Feinstein (D-Calif), who’s set to make millions of dollars in commission from the sale of 60 United States Postal Service buildings — buildings that were constructed with taxpayer dollars.

The email has been authenticated by the left-leaning Snopes to be TRUE.

The US has entered into a contract with a real estate firm to sell 56 buildings that currently house U.S. Post Offices. The government has decided it no longer needs these buildings, many of which are located on prime land in towns and cities across the country.

The sale of these properties will fetch billions of dollars and a handsome 6% commission to the company handling the sales. That company belongs to a man named Richard Blum. Who is Richard Blum you ask?
Why the husband of Senator Dianne Feinstein, that’s who. What a bunch of crooks we have running this country!
Senator Feinstein and her husband, Richard Blum, stand to make a fortune. His firm, C.R. I., is the sole real estate company offering these properties for sale. Of course, C.R.I. Will be making a 6% commission on the sale of each and every one of these postal properties.
All of these properties that are being sold are all fully paid for. They were purchased with U.S. Taxpayers dollars, and they are allowed free and clear by the U.S.P.S. The only cost to keep them is the cost to actually keep the doors open and the heat and lights on. The United States Postal Service doesn’t even have to pay property taxes on these subject properties. Would you sell your house just because you couldn’t afford to pay the electric bill?
Well, the Post Office is.
How does a powerful U.S. Senator from San Francisco manage to get away with such a sweet deal?
A powerful United States Senator’s husband is standing by, all ready to make millions from a U.S. Taxpayer funded enterprise.
No one in the mainstream media is even raising an eyebrow over his 6% commission on the sale of hundreds of millions of dollar’s worth of quasi-public assets.

Andrew S. Ross reports for the San Francisco Chronicle, Feb. 8, 2013:

Along with the move to five-day mail delivery, selling post office buildings is part of the Postal Service plan to save $20 billion over the next three years. More than 600 buildings have been “earmarked for disposal” nationwide, at a savings of $2.1 billion, according to the Postal Service’s 2012 report to Congress. […]

In charge of selling the facilities for the Postal Service is CB Richard Ellis Group, one of the world’s largest real estate companies, chaired by San Francisco financier Dick Blum. CBRE, which has worked with the post office since 1997, was awarded the exclusive contract to market Postal Service facilities in 2011. Blum is married to Sen. Dianne Feinstein, D-Calif., a relationship some critics of the post office have duly noted.

“Historically, USPS has worked with multiple real estate service providers. The new contract enables USPS to consolidate these activities with one service provider,” CBRE said in a statement at the time.

On its website, CBRE shows 57 post offices nationwide listed for sale or in the process of being sold. […]

As for accusations of a conflict of interest and suspicions that Feinstein may have influenced the awarding of the contract to her husband’s firm, Feinstein’s office strongly denies the charges.

“Sen. Feinstein is not involved with and does not discuss any of her husband’s business decisions with him. Her husband’s holdings are his separate personal property. Sen. Feinstein’s assets are held in a blind trust. That arrangement has been in place since before she came to the Senate in 1992,” said Brian Weiss, Feinstein’s communications director. In 2012, Feinstein voted for an amendment to a postal reform bill that would have temporarily halted post office closings. The amendment was defeated in the House.

Both the Postal Service and CBRE insisted the 2011 contract was competitively bid. The Postal Service is an independent agency that reports to Congress, but there is no indication Congress plays any role in the awarding of contracts.

This is not the first time Blum’s business dealings have led to accusations of cronyism. From Wikipedia:

Blum’s wife, Senator Dianne Feinstein, has received scrutiny due to her husband’s government contracts and extensive business dealings with China and her past votes on trade issues with the country. Blum has denied any wrongdoing, however.[3] Critics have argued that business contracts with the US government awarded to a company (Perini) controlled by Blum may raise a potential conflict-of-interest issue with the voting and policy activities of his wife.[4] URS Corp, which Blum had a substantial stake in, bought EG&G, a leading provider of technical services and management to the U.S. military, from The Carlyle Group in 2002; EG&G subsequently won a $600m defense contract.[1]

In 2009 it was reported that Blum’s wife Sen. Dianne Feinstein introduced legislation to provide $25 billion in taxpayer money to the Federal Deposit Insurance Corp, a government agency that had recently awarded her husband’s real estate firm, CB Richard Ellis, what the Washington Times called “a lucrative contract to sell foreclosed properties at compensation rates higher than the industry norms.”[5]

Dianne Feinstein, ranked in August 2012 as the 14th richest U.S. politician, has a net worth estimated to be $70 million.

Feinstein and Blum are, respectively, 79 and 76 years old. Some super-rich people just never seem to have enough money. Though both are Jewish by ancestry, their “god” is Mammon.

H/t FOTM’s joworth and my sis-in-law Shireen.

~Eowyn

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21 responses to “Cronyism: Sen. Dianne Feinstein’s husband will make millions from sale of 60 USPS buildings

  1. Thank you for posting this informative article Dr. Eowyn,
    How can these people think they aren’t risking conditions like the French Revolution? This kind of abuse of taxpayer trust could trigger the onset of horrors we’ve never seen in this land.

    Like

  2. This is living proof that not all social parasites are on the bottom rung of income levels. Indeed, many get rich at the expense of the taxpayer. Diane Feinstein is just plain ugly to look at. I bet she has to sneak up on a glass of water just to get a drink! Frankly, I don’t know who is uglier, Feinstein or Debbie Wasserman-Shultz.

    Scary “Dementocrats!”

    Like

    • To be fair, Feinstein is 79 years old and, to her credit and unlike Nancy Pelosi & Hillary Clinton, does not appear to have “gone under the knife.”

      She was a beauty in her youth. This pic was taken when she was mayor of S.F., sometime between 1978 and 1988 when she was 42 to 52 years old:
      .

      That being said, there is a saying that has much truth in it: “At age 50 (or 60 or 70, you get the idea), a man (or woman) has the face he deserves.”

      Like

      • Could this photo be caption contest material ? If so, I just thought of a nasty one !

        Like

      • Well, beauty is only skin deep anyway. Frankly, i’m about as ugly as H E double hockey sticks, lol. I’m not trying to be shallow and petty, i’m just weary and tired from this endless, relentless assault from these leftwing crooks who run roughshod over all that we cherish. The very things I put my life on the line for. Feinstein’s hypocracy sickens me.

        Like

        • I’m weary too, randy. 😦

          It seems no matter what we do, our enemies just keep at it and things just get worse and worse….

          Like

          • Cheer up, guys. You have no idea how much influence you are having just with this site, Dr. Eowyn, and you, Randy, with your comments. along with other sites and word of mouth, people are waking up daily by the dozens, maybe even hundreds.

            The level of intensity from these NWO shills shows just how strong our Judaea-Christian country still is. We only need five percent of the people to counter their five percent to turn this whole thing around.

            In Chinese the word crisis also means opportunity. The 2014 elections are a terrific opportunity to launch a major counterattack. And now is the perfect time to start preparing.

            It ain’t over till it’s over.

            Like

          • It’s a comfort to know i’m in good company my friend.

            Like

          • Keep up the good work. As my liberal troll on facebook said one time. ‘That’s just crap from FOTM’ and my reply was ‘well why don’t you go over there and point that out’. no reply… That speaks for itself. But he still keeps up the libtard crap… although not here…

            Like

            • Dear hujonwi,

              Thank you for defending FOTM!

              You mean you haven’t yet banned that liberal troll from your Facebook page? LOL

              Like

              • Na, several of my friends have, this way he still get’s smacked by reality and who knows, maybe one day he will ‘get a clue’.Plus my mom likes watching me smack him around…

                Like

      • She reminds me of Professor Umbridge from Harry Potter. 🙂

        Like

  3. As people throughout the country continue efforts to prevent the postal services’ planned sale of some 600 post offices, some Berkeley residents who have reached out to U.S. Senator Dianne Feinstein (D-CA) to help save their historic post office are questioning the senator’s willingness to assist, given her husband’s role in the sales.

    Like

  4. Thank you Dr. Eowyn for this informative post. This kind of cronyism should be illegal as it is so inappropriate and unethical! Unbelievable!

    Like

  5. Shouldn’t Obama be calling Blum to tell him he’s made enough money? I guess that only applies to us peons.

    Like

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