Academic

CULTURE OF CORRUPTION: Senator?s husband cashes in on crisis: Feinstein sought $25 billion for age?

By Glenn Reynolds

CULTURE OF CORRUPTION: Senator’s husband cashes in on crisis: Feinstein sought $25 billion for agency that awarded contract to spouse. “On the day the new Congress convened this year, Sen. Dianne Feinstein introduced legislation to route $25 billion in taxpayer 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. Mrs. Feinstein’s intervention on behalf of the Federal Deposit Insurance Corp. was unusual: the California Democrat isn’t 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.”

Full post as published by Instapundit.com on April 21, 2009 (boomark / email).