Sen. Dianne Feinstein’s husband, Richard Blum, could bag $1 billion in commissions for his company from a government plan to sell 56 US Postal Service buildings.
As the New York Post notes, “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.”
Feinstein’s office denies that she had anything to do with the USPS decision.
This is not the first time Feinstein and her husband have come under fire for engaging in crony capitalism.
In 2013, a construction group partially owned by Blum’s investment firm scored a construction contract for California’s high-speed rail project valued at $985,142,530.