After only about 30 minutes of research, the following information was discovered regarding Senator Feinstein. Please note, there is nothing that can be readily found to indicate that what is being done is illegal, however, it does bring up ethical questions and cloudy ethics are still part of corruption. Just because something isn’t illegal doesn’t make it right or ethical.
Around January 6, 2009, Senator Dianne Feinstein introduces a bill into the Senate that is supposed to give $25 billion to the Federal Deposit Insurance Corporation (FDIC) – the entity that guarantees your bank deposits. Should the bank fail, you are supposed to receive your money back up to $250,000. Now understand that Senator Feinstein has absolutely nothing to do with banking. She is not on any banking committee or banking-related committee that can be found. This was supposedly done out of the goodness of her heart.
Within three days of the introduction of that bill, Senator Feinstein’s husband, Richard C. Blum decides to purchase $11 million in stock in a company of which he is chairman of the board – CB Richard Ellis Group – a California real estate organization formed after the San Francisco earthquake of 1906. Blum is chairman of his own company, Blum Capital Partners, L.P. He also serves on other boards of directors in California and is also currently a member of the Regents of the University of California. Again, mind you none of what has been described is illegal. It is common for people to serve on multiple boards of directors and on boards of regents of state universities. Neither Blum nor Feinstein are being accused of anything illegal here.
Sometime after Blum makes his $11 million stock purchase, the FDIC (remember them? The government-run entity that is the beneficiary of a $25 billion bill introduced by Feinstein) awards a contract to CB Richard Ellis in which the FDIC makes CB Richard Ellis the recipient of foreclosed homes that banks unload to get them off their books. CB Richard Ellis is then able to turn around and sell those foreclosed homes for a profit. This gives the banks an opportunity to unload REO properties which cost them up to five times the value of the loan in fees and fines, it gives CB Richard Ellis a steady stream of properties that it can unload for cheap and still make profits and it gives stock holders in CB Richard Ellis a boost on their dividends and makes their stock price go up. The company makes a profit in a bad economy and people are none the wiser.
Now, again, remember, there is absolutely nothing illegal about what has happened here. Senator Feinstein’s office released a statement saying that the senator had no knowledge of the FDIC’s intent to award the contract to CB Richard Ellis. But this all does raise some serious ethical questions. If this were anyone other than a prominent Democrat senator in a Democrat-controlled Senate, the Securities and Exchange Commission might want to have a look at all of this to see if there were any ethical issues in play here. But it is unlikely that it will happen.
Because this is a look at Senator Feinstein here is something else to consider about the Senator.
Recently, a friend of this reporter wrote a letter to Senator Feinstein and Senator Boxer regarding the AIG bonus taxation bill that was being floated around Capitol Hill. The friend expressed to the senators his concern about this particular bill being labeled a bill of attainder – in which a select group of individuals are singled out for punishment via legislation instead of the judicial system. Simply put, it denies the individuals the right to a fair trial, assumes they are guilty and punishes them accordingly. Bills of attainder are explicitly forbidden by the Constitution, Article I, Section 9, Paragraph 3. Several attorneys have already examined the language of the bill and have confirmed that it is, in fact, a bill of attainder.
Today, a response was received from Senator Feinstein in which she said the following:
“In response to the $165 million in bonuses that American International Group paid in March 2009, legislation has been introduced in both the Senate and House of Representatives to tax these bonuses in an effort to retrieve them. The Senate version of this legislation, introduced by Finance Committee Chairman Senator Max Baucus (D-MT) known as the "Compensation Fairness Act of 2009" (S. 651) would tax excessive bonuses at a rate of up to 35 percent. I am hopeful that Congressional action will ultimately not be required as roughly $50 million of these bonuses have already been returned.”
Now again, one has to wonder whether or not members of Congress should have to read the Constitution before planning any kind of bills for introduction. Corporate executives who work for companies that receive government bailout money are being singled out for punishment via legislation. Good, bad or indifferent, Congress cannot be permitted to punish these executives without due process. If the government wants its money back, then there are other means of retrieving it. This is not a fair use of the income tax system of this country and it additionally proves the ever increasing drone of calls for abolishment of the IRS, elimination of the payroll tax and establishment of an alternative revenue generating method. The Compensation Fairness Act of 2009 of which Senator Feinstein spoke is not fair, it is a bill of attainder and it violates the Constitution.
Now it is possible to see why liberals have eliminated the teaching for Civics courses in schools…it keeps the Constitution out of the hands of the common people. The Constitution wasn’t written in legalese, it was written so that the common person could read it and understand it. But liberals have all but formally banned it from being in schools. By eliminating civics classes where students are taught about the American legal system, liberals can continue to teach students what liberals want students to learn. By keeping the Constitution out of the hands of the people, liberals are trying to rewrite the Constitution through legislation and judicial avenues expressly forbidden by the Constitution or that were never intended.
This goes beyond indoctrination – it is the beginnings of fascism.