Wednesday, April 22, 2009

Lettter To Senators Carper and Kaufman

I wrote this letter yesterday and sent it to both Senator Carper and Kaufman. I am not expecting a positive response but it is important they know their constituents are unhappy with the unethical business that often takes place in both houses of congress.

Senator Carper,
While you and I may not always see eye to eye on political issues I think I can stand tall and say you are a principled person and would not tolerate unethical activities by a fellow senator. That said I am looking to see you stand up to Sen. Feinstein and demand she resign immediately.

On the day the new Congress convened this year, Sen. Dianne Feinstein introduced legislation to route $25 billion in taxpayer money (yes that is my money) to a government agency that had just awarded her husband's real estate firm a lucrative contract to sell foreclosed properties at compensation rates higher than the industry norms.

Her intervention on behalf of the Federal Deposit Insurance Corp. was unusual. Sen. Feinstein is not a member of the Senate Committee on Banking, Housing and Urban Affairs with jurisdiction over FDIC; and the agency is supposed to operate from money it raises from bank-paid insurance payments - not direct federal dollars.

On Oct. 30 Sen. Feinstein offered to help the FDIC secure money for its effort to stem the rise of home foreclosures. Her letter was sent just days before the agency determined that CB Richard Ellis Group (CBRE) - the commercial real estate firm that her husband Richard Blum heads as board chairman - had won the competitive bidding for a contract to sell foreclosed properties that FDIC had inherited from failed banks.

These are serious allegations and must be dealt with quickly and decisively. It is unacceptable for a sitting Senator or intervene in matters that will benefit her personally.

Senator Carper as your constituent I demand you begin debate that will force Senator Feinstein to resign from the Senate immediately

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