Are you ready for this? What I am about to tell you is so outrageous and blatant, you might not believe it. But it is still true, nevertheless. Where do I start? This story begins over 8 years ago, in the fall of 2006. False rumors of a "financial health crisis" within the U.S. Postal Service were being circulated in Congress. A bipartisan bill was drafted to "help" the Postal Service, and the U.S. Senate passed the "Postal Accountability and Enhancement Act" shortly before midnight, just days before Christmas in 2006. The bill ordered the Postal Service to prepay retiree health benefits 75 years into the future! That totals $55 billion! No other government agency had to do that. 75 years in advance?! That means it had to pay for people who were not working for them yet - including some who weren't even born yet!
Almost immediately, the U.S. Postal Service was in trouble financially, and the media thought the Post Office was going broke. Remember that? The media then told us, and we thought so too. In reality, the USPS wasn't going anywhere! I'm sure that many in Congress did not know what was going on, but a few most assuredly did. The USPS financial crisis was now in full gear. Next step? Of course, "we need to bail them out, and fast!" It was suggested that the USPS sell many of their buildings and properties they owned and rent instead, to help bring in some much-needed cash. Six companies bid on the massive real-estate deal and CBRE (the largest real-estate firm in America) got the nod even though they didn't have the winning bid. Hmmm.
The USPS hired CBRE as its exclusive agent in 2011, to sell off buildings, parking lots, and land worth well over $20 billion. CBRE was going to make a lot of money on commissions alone! But that was not enough. CBRE was double-dipping. This meant that they were representing the seller and the buyer, and so were collecting a nice commission of 6%, instead of 3%, resulting in an extra 1/2 billion dollars! That is a conflict of interest, but it's not illegal. CBRE also acted as the assessor and was able to assess the value of the properties at a much lower rate than they were worth, and sold the properties at low prices to its own clients and business partners. Why? So they could resell them to potential buyers at much higher prices... completely unethical!
Do you want to know who the acting agent was? He was Richard Blum, chairman and primary owner of CBRE. Does that ring a bell? Richard Blum is the husband of Dianne Feinstein, the senator from California. And in California, the law says that the wife gets half the money of all transactions. Hmmm. Right now, Feinstein is worth over $70 million, but another $500,000,000 wouldn't be so bad! We as taxpayers are paying for the rich to get richer... much richer.
I'm not sure who all is involved, but I know there is a handful or so, including some members of both parties, the heads of the USPS, and others, possibly reaching the White House. I can tell you this - Feinstein will not be seeking reelection. It is time for her to get paid off for being a senior senator before she retires, and so she shall... with our money! And all participating players will get their fair share as well!
This happens with both parties way too often. Don't be fooled; most everyone gets their parting gifts - in the thousands or millions... our millions! Who in Congress will speak up about this? My guess is... nobody. Since too many members of both parties want to get paid off eventually, they either play along or shut up. If a congressman would speak up, there would be repercussions, no doubt. Is everyone corrupt in government? I would like to think not, but certainly the majority are.