This story in the Washington Times exposes, once again, the inherent corruption that is too prevalent in Washington, D.C. When a powerful Senator can, without the slightest hesitation or second thought, introduce legislation that directs money to the agency that is funding her husband’s business, you know the system has failed.
On the day the new Congress convened this year, Sen. Dianne Feinstein introduced legislation to route $25 billion in taxpayer money to a government agency that had just awarded her husband’s real estate firm a lucrative contract to sell foreclosed properties at compensation rates higher than the industry norms.
Mrs. Feinstein’s intervention on behalf of the Federal Deposit Insurance Corp. was unusual: the California Democrat isn’t a member of the Senate Committee on Banking, Housing and Urban Affairs with jurisdiction over FDIC; and the agency is supposed to operate from money it raises from bank-paid insurance payments – not direct federal dollars.
Having been on the inside of the cesspool that is Washington, D.C. for nearly 15 years, I stopped being surprised a long time ago. Now I’m just disgusted. This is yet one more example of what is terribly, terribly wrong with Washington today. And yes, I’m just as disgusted with Republicans who do this kind of thing as well (particularly those associated with the Abramoff fiasco.)