Yesterday The New York Post posted a story illustrating one way that some of our politicians exploit their offices. I suspect that what went on here may actually be legal, but that does not necessarily make it right.
The story reports:
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 (Sen. Dianne Feinstein), 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.
It would be nice if, just for the sake of appearances, Mr. Blum chose not to participate in the deal.