Dianne Feinstein Uses the Economic Crisis (And the Government) to Help Her Husband Profit

  Senator Dianne Feinstein seems to be taking to heart Rahm Emanuel’s advice about never wasting a good crisis. On the very first day that the new congress opened session Dianne Feinstein introduced legislation that would have sent $25 billion to a government agency that just awarded her husband’s real estate company a new contract. She didn’t waste any time, did she?

  But it gets even better when you read what the contract was for:

to sell foreclosed properties at compensation rates higher than the industry norms.

  One person’s crisis is another’s opportunity and the senator seems to agree. Her husband was going to be selling the homes that were foreclosed on that the FDIC took from failing banks. And under the legislation proposed by Senator Feinstein the government agency that gave her husband the contract was just going to happen to receive $25 billion.

  Dianne Feinstein denies there is any connection between the legislation and her husband receiving the contract and as much as I would like to believe her (not) this isn’t the first time that this has happened with Senator Feinstein and her husband.

   In 2007 the esteemed senator left her  position that she held for six years  on the Military Construction Appropriations Subcommittee  because it was learned that the subcommittee was funneling money to her husband’s company for military construction. A little war-profiteering.

  Here is what Melanie Sloan, executive director of  Citizens for Responsibility and Ethics in Washington had to say about Senator Feinstein:

highlights the problem of a senator with a spouse who has extensive business interests that intersect frequently with the federal government

  This is worse than the AIG executives getting the bonuses that they were contractually obligated to receive, this is the senator and her husband not only profiting from the economic crisis but using the economic crisis to funnel money into government agencies which can then pass the money to her husband.