Discussion:
Feinstein is rich!
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a425couple
2017-08-02 17:14:25 UTC
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"The US has entered into a contract with a real estate firm to sell 56
buildings that currently house U.S. Post Offices. All 56 were built,
operated, and paid for by tax-paying American citizens. Now enjoy
reading the rest: The government has decided it no longer needs these
buildings, most of which are located on prime land in towns and cities
across the country.

The sale of these properties will fetch about$19 billion!

A regular real estate commission will be paid to the company that was
given the exclusive listing for handling the sales. That company is CRI
and it belongs to a man named Richard Blum.

Richard Blum is the husband of Senator Dianne Feinstein!(Most voters and
many of the government people who approved the deal have not made the
connection between the two because they have different last names).

Senator Feinstein and her husband stand to make a fortune, estimated at
between $950 million and $1.1 BILLION from these transactions!

His company is the sole real estate agent on the sale!

CRI will be making a minimum of 2% and as much as 6% commission on each
and every sale. All of the properties that are being sold are all fully
paid for. They were purchased with U.S. taxpayers’ dollars.

The U.S.P.S. is allowed free and clear, tax exempt use. The only cost
to keep them open 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 county property taxes on these subject properties. QUESTION?
Would you put your house in foreclosure just because you couldn't afford
to pay the electric bill?

Well, the folks in Washington have given the Post Office the OK to do
it! Worse yet, most of the net proceeds of the sales will go back to
the U.S.P.S, an organization that is so poorly managed that they have
lost $117 billion dollars in the past 10 years!

No one in the mainstream media is even raising an eyebrow over the
conflict of interest and on the possibility of corruption on the sale of
billions of dollars worth of public assets.

How does a U.S. Senator from San Francisco manage to get away with
organizing and lobbying such a sweet deal ? Has our government become
so elitist that they have no fear of oversight?

It's no mere coincidence that these two public service crooks have
different last names; a feeble attempt at avoiding transparency in these
type of transactions.

Pass this info on before it's pulled from the Internet. You can verify
it on TruthorFiction and Snopes:

http://www.truthorfiction.com/rumors/b/Blum-Post-Office-Sale-061013.htm

http://www.snopes.com/politics/business/blum.asp

If this doesn't upset you, don't complain about the corruption and the
ineptness in D.C."
Michael
2017-08-02 19:12:02 UTC
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Post by a425couple
A regular real estate commission will be paid to the company that was
given the exclusive listing for handling the sales. That company is CRI
and it belongs to a man named Richard Blum.
The company is publicly traded and it's Name is CBRE. The profits go
to the share holders and not to Richard Blum or Diane Feinstein.
Curt Portland
2017-08-02 20:28:05 UTC
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Post by Michael
Post by a425couple
A regular real estate commission will be paid to the company that was
given the exclusive listing for handling the sales. That company is CRI
and it belongs to a man named Richard Blum.
The company is publicly traded and it's Name is CBRE. The profits go
to the share holders and not to Richard Blum or Diane Feinstein.
Hey asshole, do ya like it better from HuffPoo?


http://www.huffingtonpost.com/2013/12/12/dianne-feinstein-postal-service_n_4423045.html

Feinstein’s husband, Richard C. Blum, is chairman of C.B. Richard Ellis,
or CBRE, the real estate firm hired in 2011 to serve as the exclusive
agent to the Postal Service, selling facilities from post offices to
plots of land worth hundreds of millions of dollars. Blum’s investment
firm, Blum Capital Partners, is the real estate company’s fifth-largest
institutional shareholder, according to Factcheck.org.

Byrne, a California-based freelance writer with a special interest in
uncovering government and corporate corruption, conducted a yearlong
investigation into the real estate portfolio of CBRE for his book,
“Going Postal.” In the book, published in September, Byrne claimed the
real estate company undersold Postal Service properties, shortchanging
the Postal Service on tens of millions of dollars.

In 2011, for example, the real estate firm sold a Seattle post office
building assessed at $16 million for only half that, Byrne said. In
another 2011 deal, CBRE acted as both the buyer and seller in a
transaction with Goldman Sachs Group — which owns 6.6 percent of CBRE —
posing “a potential conflict of interest,” according to Byrne.

Byrne also suggested Feinstein lobbied Postmaster General Patrick
Donahoe to end a development project. The move benefitted CBRE, Byrne
claimed.

https://www.alternet.org/news-amp-politics/dianne-feinsteins-husbands-real-estate-firm-poised-make-1-billion-selling-post

California Democratic Sen. Dianne Feinstein is back in the news as the
giant real estate investment firm run by her husband, Rich Blum, is
possibly poised to earn as much as $1 billion in commissions from
selling U.S. Postal Service buildings across the country.

Several years ago, Feinstein said that she exerted no influence in the
process that led to Blum’s company, CBRE Group, then the world’s largest
commercial real estate services firm, obtaining an exclusive contract to
market USPS facilities—as part of a larger federal effort to reduce the
deficit.

Feinstein dismissed the conflict of interest allegations at the time,
which were followed by numerous investigative reports criticizing the
deal. The USPS Inspector General issued a report saying the contract was
not how it previously sold properties and was unlikely to reduce USPS
costs. California-based investigative reporters found that CBRE was
selling properties below market value to clients, which means those
buyers could likely profit if they resold them.

“CBRE has been paid commissions as high as 6 percent by the Postal
Service for representing both the seller and the buyer in many of the
negotiations, thereby raising serious questions as to whether CBRE was
doing its best to obtain the highest price possible for the Postal
Service,” reported northern California’s East Bay Express.

But now, new reports are saying that CBRE—where Blum was a member of the
board and chairman from 2001 to 2014—stands to make possibly $1 billion
in commissions from the sale of 56 buildings across the country that are
expected to yield upwards of $19 billion.

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