Senator’s husband stands to profit big from USPS real estate deal

Dianne Feinstein, Roger WickerBy Richard Johnson – January 16, 2015
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.

via Senator’s husband stands to profit big from government deal | Page Six.

One thought on “Senator’s husband stands to profit big from USPS real estate deal

  1. Union and NAME of Local/Branch
    Greater Conn. APWU
    Office held, if any
    member
    Another “friend” of postal workers.

Leave a Reply

Your email address will not be published. Required fields are marked *