Summary
Your article ("Senate husband's firm cashes in on crisis," Page 1, Tuesday), about our company's selection as an adviser to the Federal Deposit Insurance Corp. distorts the facts and creates a misleading perception of impropriety where none exists.
CB Richard Ellis Group Inc. was selected for the FDIC assignment after a nine-month competitive bid process conducted by the agency's career professionals. Richard Blum was at no time involved in the FDIC bid process. As our firm's nonexecutive chairman, he plays no day-to-day operational role and does not get involved in contractual pursuits. Mr. Blum was not even aware that CB Richard Ellis was competing for the FDIC work until it was publicly announced. Sen. Dianne Feinstein, California Democrat, has said that she had no knowledge of the contract prior to being contacted by your reporter on Jan. 21.See the full content of this document
Extract
Fdic Made Right Choice
Your article dwells extensively on Mrs. Feinstein's proposed legislation in sup...
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