How to Get Rich in the US Senate: Diane Feinstein

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Recently, Feinstein released a one sided report on the CIA.  To exact revenge on her for that, I am going to expose how she made millions because of her job in the senate.  It is entirely possible that the man or woman who came up with the word corrupt had Diane Feinstein in mind.  She has issued so many no bid contracts to Richard Blum, that his wealth has increased by tens of millions.  Richard Blum is also known as Mr Diane Feinstein.  It is mind boggling how she has been able to bask in her corruption time and time again, without repercussions.

It is entirely possible that the man or woman who came up with the word corrupt had Diane Feinstein in mind. She has issued so many no bid contracts to Richard Blum, that his wealth has increased by tens of millions. Richard Blum is also known as Mr Diane Feinstein. It is mind boggling how she has been able to bask in her corruption time and time again, without repercussions.

Once upon a time, a man by the name of Richard Blum bought a share in three separate defense contracting companies. Shortly after his purchase, the three companies began getting no bid contracts from the chairperson of MILCON, (Military construction) Diane Feinstein. For the record, Richard Blum is Mr Diane Feinstein. After she was forced to resign her seat as chairperson of MILCON, Blum immediately sold his shares in the three companies for a 20 million dollar profit.

Peter Byrne, writing for Metroactive accused Feinstein of huge conflicts of interest in dealing with her husband:
“As MILCON leader, Feinstein relished the details of military construction, even micromanaging one project at the level of its sewer design,” wrote Peter Byrne in the report. “She regularly took junkets to military bases around the world to inspect construction projects, some of which were contracted to her husband’s companies, Perini Corp. and URS Corp.
Read more at http://www.wnd.com/2007/03/40845/#cGpxEJvTuw0krH2G.99
“As MILCON leader, Feinstein relished the details of military construction, even micromanaging one project at the level of its sewer design,” wrote Peter Byrne in the report. “She regularly took junkets to military bases around the world to inspect construction projects, some of which were contracted to her husband’s companies, Perini Corp. and URS Corp.
Read more at http://www.wnd.com/2007/03/40845/#cGpxEJvTuw0krH2G.99

The MILCON subcommittee is not only in charge of supervising military construction, it also oversees “quality of life” issues for veterans, which includes building housing for military families and operating hospitals and clinics for wounded soldiers. Perhaps Feinstein is trying to disassociate herself from MILCON’s incredible failure to provide decent medical care for wounded soldiers.

Two years ago, before the Washington Post became belatedly involved, the online magazine Salon.com exposed the horrors of deficient medical care for Iraq war veterans. While leading MILCON, Feinstein had ample warning of the medical-care meltdown. But she was not proactive on veteran’s affairs.

Feinstein abandoned MILCON as her ethical problems were surfacing in the media, and as it was becoming clear that her subcommittee left grievously wounded veterans to rot while her family was profiting from the occupations of Iraq and Afghanistan. It turns out that Blum also holds large investments in companies that were selling medical equipment and supplies and real estate leases—often without the benefit of competitive bidding—to the Department of Veterans Affairs, even as the system of medical care for veterans collapsed on his wife’s watch.

As of December 2006, according to SEC filings and www.fedspending.org, three corporations in which Blum’s financial entities own a total of $1 billion in stock won considerable favor from the budgets of the Department of Defense and the Department of Veterans Affairs:

Boston Scientific Corporation: $17.8 million for medical equipment and supplies; 85 percent of contracts awarded without benefit of competition.
Kinetic Concepts Inc.: $12 million, medical equipment and supplies; 28 percent non competitively awarded.
CB Richard Ellis: The Blum-controlled international real estate firm holds congressionally funded contracts to lease office space to the Department of Veterans Affairs. It also is involved in redeveloping military bases turned over to the private sector.

Later, Feinstein got millions of dollars for the FDIC who in turn hired a company headed by Richard Blum to sell off foreclosed properties at rates above the usual and customary rates. 

And the most recent contract Blum received was selling 1 billion dollars worth of old post office buildings, while taking in a 6% commission, double the normal fees charged by other real estate companies.  That’s 60 million in commissions.  Since 1992, when she first started serving in the Senate, her personal wealth has grown to an estimated 9 figures.  And remember, her husband’s money doesn’t have to be disclosed and where most of the corrupt money went.

Stay tuned.  We will be exploring the corruption of many “public servants.”

 

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Steven Ahle

Steven Ahle

Steven H Ahle is the editor of Red Statements and the 2014 JOTY winner. He is an accredited journalist, whose investigations led to the discovery that the AFL-CIO was using voter intimidation tactics in 2012. In 2013, he exposed the fact that Homeland Security was teaching local law enforcement to target Christians as terrorists in what became a national news story. Like my page on Facebook and never miss another story https://www.facebook.com/redstatements Follow me on Facebook to see all the articles I write for various sites https://www.facebook.com/stevenh.ahle





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