Harry Reid should resign!

MarkLevinFan.com ^ | 10/11/2006 | Mark Levin

[MarkLevinFan]

Wednesday, Mark Levin discussed the Las Vegas land sale scandal involving Senate Democratic Leader Harry Reid and called on him to resign.

Click speaker to listen ==>

Oh yes! We want Harry Reid's email and instant messages!

[kaboom]

"Dirty" Harry Reid

Make my day...Resign!

[Stentor]

the Big Macaca with extra cheese

LOL.

[jackv]

HA!! What a joke.
We all know liberals NEVER resign. They just change the subject and with the help of the DBM, before long it's all forgotten!!

[RasterMaster]

Dingy Harry should be picking out an orange jumpsuit and introduce himself to his new room mate, Bubba.

[bray]

Graft is such an ugly word!

Pray for W and Our Troops

[unixfox]

Do we know who the "developer" was? Seems to me that would be easy to find out.

[restornu]

What the hell are you talking about?

****

You give a link to listen to this guy you can't listen unless you pay!-

[Defiant]

When he donated the property to the partnership, he gave it a value of $400k. That way, he didn't owe any tax on the transfer. It probably was worth more than $400k at the time, since he had bought it 3 years earlier for that price. Whether he can do that or has to donate it at FMV is a question for a tax lawyer. My guess is that it is ok, so long as he pays tax on the difference between his $400k original investment and his sale price of $1.6 million.

You are right, the 1040s need a look. Only the Feds can do that.

[Defiant]

The article doesn't say, but you are right, it would be easy to find out who the developer was. If there was corruption, it could be that the developer overpaid for the land or did Harry some favors in other deals. Something to check out.

[IamConservative]

You are right, the 1040s need a look. Only the Feds can do that.

Probably wishful enthusiasm on my part, but, I would sure LOVE to see one of these "tax the rich" liberals get nailed for tax evasion. That would make campaign commercial sound bites for decades.

[MarkeyD]

There's always the Jerry Doyle Station Finder

[Starboard]

Can you remember ANY Dem resigning for anything?

Not even Gary Condit.

[LYSandra]

Hey Reid-what goes around comes around!

[MarkLevinFan]

Can you remember ANY Dem resigning for anything?

There's always a first! The new media has never been as strong as it is today!

[Republican Red]

The article doesn't say, but you are right, it would be easy to find out who the developer was

According to Captain's Quarters who is all over this story:

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.

[Revererdrv]

What goes around comes around. Reid has been taking cheap shots at Republicans for years. Now, he should resign for his own dirty deeds!

[sweetiepiezer]

bttt

[Arizona Carolyn]

I didn't see that segment, but Megan Kendall did a story on it around 8:30 AZ time. I hope the story has legs, I don't see he is any different from Cunningham; if the ethics committee allows him to just ammend his reports I'm going to be really disppointed in the GOP.

[Master of Orion]

I use this. http://streamingradioguide.com/streaming-radio-stations.php

[Defiant]

The Whittemore angle provides a motive for keeping the partnership hidden. It may also explain how Reid got the property in the first place. The developer may have had the property identified already, figured out a way to have Reid get $700k and get the development done, using Reid's name and influence. The ostensible partner, Brown, may have been brought in just to get the zoning done, but the real partner all along may have been Whittemore.

Need to know the value of the land in 1998 and where Reid got the purchase money, among other things.