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Watchdog group: Probe Blum contract

- The Washington Times - Monday, April 27, 2009


Citizens for Responsibility and Ethics in Washington (CREW), a public watchdog group, Monday urged the Inspector General's Office at the Federal Deposit Insurance Corporation (FDIC) to investigate a contract the agency awarded to a real estate firm headed by the husband of Sen. Dianne Feinstein, California Democrat.

CREW sent the letter in response to a story in last Tuesday's Washington Times, which reported that Richard Blum's firm had received a lucrative contract to sell foreclosed real estate at compensation rates higher than industry norms. Mrs. Feinstein later introduced legislation sought by the agency.

Click here to view the letter. (PDF)