The US has entered into a contract with a real estate firm to sell 56 buildings that currently house U.S. Post Offices. The government has decided it no longer needs these buildings, many of which are located on prime land in towns and cities across the country.
The sale of these properties will fetch billions of dollars and a handsome 6% commission to the company handling the sales. That company belongs to a man named Richard Blum. Who is Richard Blum you ask?Senator Feinstein and her husband, Richard Blum, stand to make a fortune. His firm, C.R.I., is the sole real estate company offering these properties for sale. Of course, C.R.I. will be making a 6% commission on the sale of each and every one of these postal properties.
All of these properties that are being sold are all fully paid for. They were purchased with U.S. taxpayers dollars, and they are allowed free and clear by the U.S.P.S. The only cost to keep them is the cost to actually keep the doors open and the heat and lights on. The United States Postal Service doesn't even have to pay property taxes on these subject properties. Would you sell your house just because you couldn't afford to pay the electric bill? Well, the Post Office is.
Monday, June 24, 2013
No one in the mainstream media is even raising an eyebrow over his 6% commission on the sale of hundreds of millions of dollar's worth of quasi-public assets.
Posted by . , at 4:50 PM