The Feinstein family is doing very well in “public service.”
As a Democrat Senator, Dianne Feinstein is on the team that pretends to be concerned about income inequality. But she and her husband also give us a window into the ongoing saga of how politicians suddenly become much wealthier after a time in office.
Richard Johnson writes for Page Six at the New York Post,
The US Postal Service plans to sell 56 buildings — so it can lease space more expensively — and the real estate company of the California senator’s husband, Richard Blum, is set to pocket about $1 billion in commissions.
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.
This feat of federal spousal support was ignored by the media after Feinstein’s office said the senator, whose wealth is pegged at $70 million, had nothing to do with the USPS decisions.
This lucrative deal got caught in the media, but how many other deals get missed? Public service seems to have a way of becoming private profit.