Sen. Feinstein’s Hubby Transferred USPS Land to His Cronies
|December 15, 2013||Posted by Staff under Corruption|
US Congress has ordered the US Postal Service to prepay retiree benefits 75 years in advance. USPS has to fund benefits now for workers who haven’t even been hired. It is the only agency subject to this requirement. If that were eliminated, and the Post Office stopped pricing business mail (meaning all that junk you get) at a loss, the USPS would be profitable.
The forces against the Post Office include DHL, Federal Express, UPS, and USPS supplier Ursa Major.
The husband of powerful Senator Diane Feinstein (DiFi chairs the Senate Intelligence Committee), Richard Blum, is the chairman of C.B. Richard Ellis (CBRE) which has the exclusive contract to handle sales for the Post Office’s $85 billion of property.
• CBRE has sold valuable postal properties to developers at prices that appear to have been steeply discounted from fair market values, resulting in the loss of tens of millions of dollars in public revenue.
• In a series of apparently non-arm’s-length transactions, CBRE negotiated the sale of postal properties all around the country to its own clients and business partners, including to one of its corporate owners, Goldman Sachs Group.
• CBRE has been paid commissions as high as 6 percent by the Postal Service for representing both the seller and the buyer in many of the negotiations.
• Senator Feinstein has lobbied the Postmaster General on behalf of a redevelopment project in which her husband’s company was involved.
In June 2013, Postal Service Inspector General David C. Williams published a scathing audit of CBRE’s exclusive contract to manage all the sales and leasing of postal real estate.
Ed. Notes: This corruption could not happen without the land. Grasping for the profit from locations long ago became an obsession. The only rule is to get as much as you can, any way you can — until the geoist vision spreads.