[knarf]

"The AP said Reid bought the undeveloped residential property on the outskirts of Las Vegas for about $400,000 and sold it in 2001 for the same price to Brown's limited liability corporation."

Gutta' get that money good n' clean, eh Harry?

[PeterPrinciple]

No money changed hands, they insisted, and Reid's ownership stake in Brown's company was equal to the value of his land. The senator, they contended, also continued to pay taxes on the land.


The aides also explained there were no documents to prove Reid's stake in the company, because it was an informal agreement between friends.

Key points that need to be understood.............