AP Exclusive: Reid got $1M in land sale

AP ^ | Oct 11, 2006 | By JOHN SOLOMON and KATHLEEN HENNESSEY, Associated Press Writers

[Prost1]

WASHINGTON - Senate Democratic Leader Harry Reid collected a $1.1 million windfall on a Las Vegas land sale even though he hadn't personally owned the property for three years, property deeds show.

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In the process, Reid did not disclose to Congress an earlier sale in which he transferred his land to a company created by a friend and took a financial stake in that company, according to records and interviews.

The Nevada Democrat's deal was engineered by Jay Brown, a longtime friend and former casino lawyer whose name surfaced in a major political bribery trial this summer and in other prior organized crime investigations. He's never been charged with wrongdoing — except for a 1981 federal securities complaint that was settled out of court.

[debg]

Granted.

[dfwgator]

Now it is being reported GOP leaders are seekign a probe against Berger for his theft from the archives.

Day late and a dollar short.

[Bonaparte]

"The Bush Administration will quash an investigation for fear that someone will accuse them of being partisan."

More likely that the Bush administration will quietly wring some sort of legislative concession from the democrats, in return for not making an issue of this.

[misterrob]

Maybe the gay Mafia is striking again.

[tcrlaf]

The news cycle for Foleygate is over...

It would appear that Democrats shot thier wad on this matter prematurely....

[mainepatsfan]

Hopefully other GOP senators will be calling for an investigation.

[debg]

Burglar? Oh, I'm salivating! This would be a dream come true.

[jimbo123]

Hillary's spies are everywhere. Reid is probably kicking himself for hiring a staffer that came highly recommended from the Hildebeast clan.

[Strategerist]

He may have a very big problem. If he was off the deed, he was obligated to report a sale of the asset on his tax return. When he got the million bucks, do you suppose he might have filed a tax return claiming capital gains treatment? This could be big time tax fraud for him.

Complicated financial scandals have NO traction whatsoever - what you typed above is completely incomprehensible to about 99.99% of voters, particularly undecided ones.

Unless Reid is actually indicted or something before the election, this whole scandal is basically irrelevant politically.

[GOPJ]

bump

[cpdiii]

ROOOOOOOOOOOOOOOVE!
"You magnficent bastard!"
:)

[Dr. Bogus Pachysandra]

Doug, I think they'll just try to present this as a casual deal between two long-time friends. Harry makes my stomach turn, but I don't think he's that stupid. I hope he is, but I doubt it.

[WoodlandsTXFreeper]

The Democratic Party -- what a bunch of hyprocrites!!

And while I still have the floor...

...ROVE, YOU MAGNIFICENT BASTARD!!

[EQAndyBuzz]

"So Reid is dirty ........ well slap my grandma."

To quote a Seattle Mariner broadcaster:

"Get out the rye bread grandma it's a grand salami!"

[misterrob]

Hey, they had to start some time. 4 weeks before the election isn't a bad time to push this issue and remind voters who gave us 9/11 and then tried to cover up their involvement.

[mainepatsfan]

The rumor is they did it so early because they were losing ground in the polls. Looks like they should have kept their powder dry.

[jimbo123]

This wasn't Rove. It was Hillary.

[jrooney]

Per Drudge, Burglar thefts of classified info from Archives to be investigated by GOP!

[ilovew]

If it stops the "All Foley, all the time" media, I'll be happy.

[debg]

Well, they'd better hop to it post haste! Times a wastin!