Ah, I just love the Drudge Report. It is a conservative’s best friend. This morning I woke up to two interesting pieces of hate mail claiming that I was Hitler’s black love child. I fixed myself a cup of tea, opened my laptop and saw this gem of another “Obamacrat” again profiting from crisis.
EXCLUSIVE: Senator’s husband cashes in on crisis
Feinstein sought $25 billion for agency that awarded contract to spouse
By Chuck Neubauer | Tuesday, April 21, 2009
On the day the new Congress convened this year, Sen. Dianne Feinstein (D-CA) 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.
Haven’t we heard this before? When are the Democrats going to learn that politics and real estate and spouses don’t mix? Can you say CONFLICT OF INTEREST??? Obama’s bought his home in Chicago through slumlord Tony Rezko’s wife. Rep. Barney Frank’s (D-MA) former partner was Fannie Mae executive Herb Moses. Frank referred to Moses as his spouse. If you recall, Herb Moses was the assistant director for product initiatives at Fannie Mae, Moses was a proponent of relaxed lending restrictions. Barney Frank followed suit through deregulation in 1991 on two- and three-family home mortgages. As you can see, this latest Feinstein scandal continues a troubling pattern among the Democrats.
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 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
Again clearly, these people should understand the definition of a conflict of interest. According to Business Dictionary.com:
CONFLICT OF INTEREST
1. A situation that has the potential to undermine the impartiality of a person because of the possibility of a clash between the person’s self-interest and professional-interest or public-interest.
2. A situation where a party’s responsibility to a second-party limits its ability to discharge its responsibility to a third-party.
Feinstein and her husband are described as a “wealthy power couple”. Feinstein also has hopes of becoming California’s next governor.
Sounds like Feinstein’s home comes complete with an AstroTurf lawn.
Autographed Letter Signed,