Theodore's World: Sen. Reid Makes $1 Million on Land He No Longer Owns

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October 13, 2006

Sen. Reid Makes $1 Million on Land He No Longer Owns




An AP investigation shows that Senate Democratic leader Harry Reid
made a million dollar profit on land he had sold three years earlier.

They had this video without the commercial at YouTube. But YouTube has pulled it.

So HERE is the actual video at AP where it orginiated from. I apologize for having to wait for the commercial to end. But once it is done the video on Harry Reid begins.

Reid's avoidance of disclosure hid two aspects of his business relationships. The first was his association with Jay Brown, who has a history of being involved in scandal. The NY Times describes him as "a prominent Las Vegas lawyer," but they never get around to mentioning his involvement in a federal bribery case in Las Vegas. Nor do they mention Brown's work as a lobbyist, as the AP did, nor do they follow up on the AP's report of connections between Brown and organized crime.

The other part Reid wanted to keep secret was the financial ties between himself and Harvey Whittemore. The AP story reported that Reid bought the parcel from "a developer who was benefiting from a government land swap that Reid supported," a perfect description of Whittemore in 1998 when Reid purchased the land. For the next seven years, Reid would work to ease Whittemore's difficulties in developing the Coyote Springs project by forcing the government to swap its right-of-way for less valuable land owned by Whittemore; he tried to get the government to literally give away more of its land to Whittemore, although he would not succeed; and in the end, he pressed federal regulators to lift a endangered-species restriction on Whittemore's Coyote Springs real estate. All of this helped give Whittemore an opportunity to make tens of millions on residential and commercial development in the former test range site.

Disclosures now are pointless. The Ethics panel needs to order a full investigation not just into the $700,000 profit, but all of Reid's business partners and any legislation or intervention with federal regulators Reid pushed on their behalf.

October 12, 2006
Reid Offers To Disclose His Land Deal ... Five Years Late
Harry Reid, stung by the AP's exposure of his complicated land deals with a lobbyist he helped make rich through his personal interventions in Congress, has told the Senate Ethics Committee that he will file amended disclosure statements that would reveal his business relationships for the first time. Reid claims the amendment would be "technical":

The Senate Democratic leader, Harry Reid of Nevada, said his office contacted the Senate ethics committee on Wednesday and offered to correct his financial disclosure statements if they misrepresented his ties to a land deal in his home state in which his family made a profit of about $700,000.
In a statement, Mr. Reid did not acknowledge errors in the disclosure forms but said he was ready to make a “technical correction” if the ethics committee determined that adjustments were needed.


Reid's son is on the Zoning Board


Wild Thing's comment.......
When it comes to Harry Reid we just have to follow the dots. He has been corrupt for a long time. When Reid hangs up on the AP reporter it is hilarious that he did this. Hahahaha

He behaves like a spoiled brat that has to have his way or else. He has spent so much time hating Bush and bashing Bush he should have made sure his act is clean before pointing fingers.

Oh but wait, he is a typical DemocRAT!


Posted by Wild Thing at October 13, 2006 12:55 AM


Comments

Nothing like an inside source of information on upcoming land deals. This nonsense really does explain why many people gave up voting, or go for some obscure candidate down the ballot.

All I can think of is vote for the lesser of evils and hope, beyond hope, for term limits someday.

Posted by: TomR at October 13, 2006 12:10 PM


Tom.........."All I can think of is vote for the lesser of evils and hope, beyond hope, for term limits someday"..........I agree.

Posted by: Wild Thing at October 13, 2006 06:26 PM