Tweet
Richard Blum is one of the largest American investors in China.
His wife has been "creating" business for him, for years. For instance: "Feinsteins political corruption did not begin in the Senate. As Mayor of San Francisco, she failed to disclose her husbands ownership in Marriott Corp, which was bidding on a $3 billion redevelopment contract with the city of San Francisco."
"Soon after the Democrats took control of both houses of Congress, with the battle cry we will end the culture of corruption, Feinstein was forced to resign from her position as Chair of the Senate Military Appropriations Subcommittee. Her transgression: reviewing of multi-billion dollar contracts for construction work with the U.S. military, then approving the contracts worth billions of dollars for her husbands companies through a no bid process. Feinstein and her husband profited millions of dollars off the military with these contracts. Astonishingly, Feinstein was allowed to continue her chairmanship of the Senate Rules Committee, the committee that is responsible for the rules of the Senate, the very rules she breaks with impunity. "
"Fast forward to April 2009, and Feinstein is perpetuating her one person crime syndicate again. According to an exclusive from the Washington Times, she sponsored legislation that sent $25 billion to the FDIC. Coincidentally, it was the day before CB Richard Ellis Group, the company which her husband is Chairman of the Board, was awarded a contract to sell foreclosed properties that the FDIC inherited from failed banks at coincidentally higher than industry rates. "
Now her husband, on his own, is stealing money from the taxpayers.
"For several years, Blums firm, Blum Capital Partners, has been the dominant shareholder in two of the nations largest for-profit universities, Career Education Corporation and ITT Educational Services, Inc. The San Francisco-based firms combined holdings in the two chain schools is currently $923 million nearly a billion dollars. As Blums ownership stake enlarged, UC investment managers shadowed him, ultimately investing $53 million of public funds into the two educational corporations.
The regents conflict-of-interest policy requires them to avoid the potential for and the appearance of conflicts of interest with respect to the selection of individual investments public officials shall not make, participate in making, or influence a governmental decision in which the official has a conflict of interest. And the California Political Reform Act of 1974 provides civil and criminal penalties for officials who ignore conflicts of interest UC makes clear in ethics training presentations specifically created for university officials. The Board of Regents, however, is self-policing and it tolerates situations that cause others concern."
He took $53 million for his own investments from the UC system--shame on him--and shame on Attorney General Jerry Brown for not prosecuting this open corruption.
More...
His wife has been "creating" business for him, for years. For instance: "Feinsteins political corruption did not begin in the Senate. As Mayor of San Francisco, she failed to disclose her husbands ownership in Marriott Corp, which was bidding on a $3 billion redevelopment contract with the city of San Francisco."
"Soon after the Democrats took control of both houses of Congress, with the battle cry we will end the culture of corruption, Feinstein was forced to resign from her position as Chair of the Senate Military Appropriations Subcommittee. Her transgression: reviewing of multi-billion dollar contracts for construction work with the U.S. military, then approving the contracts worth billions of dollars for her husbands companies through a no bid process. Feinstein and her husband profited millions of dollars off the military with these contracts. Astonishingly, Feinstein was allowed to continue her chairmanship of the Senate Rules Committee, the committee that is responsible for the rules of the Senate, the very rules she breaks with impunity. "
"Fast forward to April 2009, and Feinstein is perpetuating her one person crime syndicate again. According to an exclusive from the Washington Times, she sponsored legislation that sent $25 billion to the FDIC. Coincidentally, it was the day before CB Richard Ellis Group, the company which her husband is Chairman of the Board, was awarded a contract to sell foreclosed properties that the FDIC inherited from failed banks at coincidentally higher than industry rates. "
Now her husband, on his own, is stealing money from the taxpayers.
"For several years, Blums firm, Blum Capital Partners, has been the dominant shareholder in two of the nations largest for-profit universities, Career Education Corporation and ITT Educational Services, Inc. The San Francisco-based firms combined holdings in the two chain schools is currently $923 million nearly a billion dollars. As Blums ownership stake enlarged, UC investment managers shadowed him, ultimately investing $53 million of public funds into the two educational corporations.
The regents conflict-of-interest policy requires them to avoid the potential for and the appearance of conflicts of interest with respect to the selection of individual investments public officials shall not make, participate in making, or influence a governmental decision in which the official has a conflict of interest. And the California Political Reform Act of 1974 provides civil and criminal penalties for officials who ignore conflicts of interest UC makes clear in ethics training presentations specifically created for university officials. The Board of Regents, however, is self-policing and it tolerates situations that cause others concern."
He took $53 million for his own investments from the UC system--shame on him--and shame on Attorney General Jerry Brown for not prosecuting this open corruption.
More...