Not surprisingly my California Senator who "represents" me is benefitting from the current mortgage foreclosure debacle. Her husband, Richard Blum is Chairman of the Board of CB Richard Ellis (CBRE), a large commercial real estate firm. CBRE won the government contract to sell foreclosed properties that the FDIC had inherited. Feinstein sent a letter to the FDIC offering to help them secure funding to help stem the rise in home foreclosures just days before the FDIC determined that CBRE would be awarded the contract.
Around the same time as the contract award, Blum's private investment firm reported to the SEC that it and it's affiliates had purchased ten million new shares in CBRE. The shares were purchased at the going price of $3.77. Shares closed Monday at $5.14. Gosh, what great coincidental timing for that purchase. That makes a profit of nearly fourteen million dollars!
They're all a bunch of crooks in D.C. They need to be thrown out on their butts! Both sides of the aisle.
Click the post title for the full story at the Washington Times
April 21, 2009
April 10, 2009
April 08, 2009
Welcome to Ethan Lucas Evans-Ratzman. Born April 7, 2009 at 10:28pm. Six pounds, one ounce, nineteen and three quarter inches long. Mom and baby are healthy and happy, just a bit tired! This picture was taken when he was just a few minutes old.
April 04, 2009
They just ca't keep their regulatory paws off of free enterprise and the free market, can they? Here's a short article on how the fine print in the socialist porkulus bill that no one was allowed to read before it was voted on is bit by bit killing freedoms in this country.