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Reid's Land Deal (Philly Inquirer calls for Harry Reid to be replaced as Dem leader!)
The Philadelphia Inquirer ^ | October 13, 2006 | Editors

Posted on 10/13/2006 7:12:03 AM PDT by Dems_R_Losers

A lucrative land deal benefiting U.S. Senate minority leader Harry Reid (D., Nev.) deserves full scrutiny by the Senate ethics committee.

In 1998, Reid purchased undeveloped residential property on the outskirts of Las Vegas for $400,000. He bought one lot outright, and a second lot with a partner, Jay Brown. In 2001, Reid sold the land for the same price to a corporation created by Brown. Reid retained an ownership stake in the corporation and continued to pay taxes on the property. There was no written agreement; Brown told the Associated Press that the two had been friends for 35 years and didn't need one.

So the Senate Democratic leader engaged in a seven-figure handshake and didn't feel the need to disclose all the details. Experts on Senate ethics rules say Reid should have disclosed the sale in 2001 on his annual ethics report, and informed Congress of his part-ownership in Brown's corporation. Reid didn't.

After the land was rezoned for a shopping center, the corporation sold it in 2004. Reid received $1.1 million in the sale, turning a neat profit of nearly $700,000 in six years.

While now insisting he did nothing wrong, Reid is also offering to make a "technical change" to his earlier ethics reports if the ethics committee so desires. Simply giving the Democratic leader a mulligan is hardly the way to handle this case. When the Senate debated ethics reforms earlier this year, Reid was out in front to demand the toughest of standards from lawmakers.

"Americans have been shocked and even disgusted by revelations of corruption in our current system by Republican lobbyists, senior Bush Administration officials, members of Congress, and former congressional staff," Reid said in March. "The scandals have shown that some outsiders and insiders believed they could act with impunity."

That's how this case looks, too. Unless Reid comes up with a better explanation for this lack of disclosure, Democrats should not keep him as their leader in the new Congress in 2007.


TOPICS: Breaking News; Crime/Corruption; News/Current Events; Politics/Elections
KEYWORDS: corruption; cultureofcorruption; democrats; liberals; msm; reid; resign; stepdown; whatdidheknow; whendidheknowit
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To: Dems_R_Losers; blue-duncan; jude24; xzins
There was no written agreement; Brown told the Associated Press that the two had been friends for 35 years and didn't need one.

All real estate transactions have to be in writing. If it was not in writing, then when Brown gave the money to Reid after the sale, it would have to be considered A GIFT!

That is a million dollar gift that Reid did not report. This makes Duke Cunningham look like a dime store shoplifter.

21 posted on 10/13/2006 7:26:20 AM PDT by P-Marlowe (LPFOKETT GAHCOEEP-w/o*)
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To: Dems_R_Losers

Now calls for Reid's stepping down? Well shut my mouth!


22 posted on 10/13/2006 7:26:21 AM PDT by katieanna
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To: Dems_R_Losers
"Americans have been shocked and even disgusted by revelations of corruption in our current system by Republican lobbyists, senior Bush Administration officials, members of Congress, and former congressional staff," Reid said in March.


23 posted on 10/13/2006 7:26:22 AM PDT by GalaxieFiveHundred
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To: DCPatriot

Who you ask? Why, Hillary would claim that as she stuffed the big bucks into her carpetbag.


24 posted on 10/13/2006 7:26:24 AM PDT by tioga
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To: dfwgator

I faxed Hastert, Boehner, Lugar & Sodrel yestereday and demanded that they not let this guy get a pass on this. That they had no body to blame but themselves for the position that the Republican party was in for this years election. The Dems would not let a Republican get by with a parking ticket, let a lone anything even close to this.


25 posted on 10/13/2006 7:26:31 AM PDT by southernindymom
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To: tiredoflaundry

I can help but think "Cankles" is behind this.

You might be right. I heard someone say that this revelation about Dingy Harry didn't come from the Republicans but from someone within the RAT party who wants his job. The Heinous Harridan positioning herself for 2008??? He likened it to a "push from the back of the bus".


26 posted on 10/13/2006 7:27:03 AM PDT by Polyxene (For where God built a church, there the Devil would also build a chapel - Martin Luther)
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To: NYC Republican
I'm REALLY hoping this story has legs, but I'm not holding my breath.

The MSM has a way of not seeing things when it's bad for a dem -- you know, teacher's pet and all...

27 posted on 10/13/2006 7:27:12 AM PDT by GOPJ (Liberals:- Free speech for me, but not for thee...Frikkin' hypocrites.- FreeperLIConFem)
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To: katieanna

He'll step down after the election.


28 posted on 10/13/2006 7:27:58 AM PDT by dfwgator
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To: concerned about politics
That's like Clinton rewriting his "Plan for Terror" (after Burglar stole it out of the national archives) and making it read like he actually "Tried , really tried to get Bin Laden".

Oh he tried. He really did. There's even a video:



See. Just like he was gonna grab a gun and get in a foxhole to protect Israel.
29 posted on 10/13/2006 7:28:14 AM PDT by TomGuy
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To: TomGuy

I think that is a video of bubba chasing bimbos.......lol


30 posted on 10/13/2006 7:29:49 AM PDT by tioga
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To: Dems_R_Losers

Sounds like good 'ole Harry opened his silly mouth one time too many. Caused everybody to check out his crooked little land deal. A crooked man is destined to make crooked deals...


31 posted on 10/13/2006 7:29:59 AM PDT by Mrs. Darla Ruth Schwerin
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To: Dems_R_Losers

Jay Brown is pretty dirty, even by Vegas standards. Birds of a feather, and all that ... this Reid crook doesn't deserve a do-over.


32 posted on 10/13/2006 7:30:11 AM PDT by RegulatorCountry
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To: Dems_R_Losers

Sure, they see it as a net-positive for Hillary and the far FAR left of the party if Reid gets replaced...


33 posted on 10/13/2006 7:31:04 AM PDT by Antoninus (Ruin a Democrat's day...help re-elect Rick Santorum.)
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To: RegulatorCountry

Jay Brown sounds worse than ABRAMOFF, and Reid took ABRAMOFF money also!!


34 posted on 10/13/2006 7:31:49 AM PDT by Suzy Quzy ("When Cabals Go Kabooms"....upcoming book on Mary McCarthy's Coup-Plotters.)
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To: Dems_R_Losers
Reid must resign. And then, let's say, Hillary Clinton must resign.

At least that's how the Dems do it - Foley does something stupid, so he and one random prominent Republican leader must resign. Therefore, I call for the resignation of Reid and Clinton.

Now, let's see if the MSM picks up on this. I can see the AP articles now, "Amid calls for her resignation in the wake of the Reid scandal, Hillary Clinton continued campaigning today in..."

35 posted on 10/13/2006 7:32:22 AM PDT by LikeLight (RYMB)
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To: Republican Red
Governor: Kenny Guinn (R)!

Governor: Kenny Guinn (R)(RINO) There. Fixed it.
36 posted on 10/13/2006 7:33:40 AM PDT by JayNorth
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To: tiredoflaundry
I can help but think "Cankles" is behind this.

When did Karl Rove acquire the nickname 'Cankles'? ;^)

37 posted on 10/13/2006 7:35:06 AM PDT by DCPatriot ("It aint what you don't know that kills you. It's what you know that aint so" Theodore Sturgeon)
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To: holdonnow; AliVeritas; Fudd Fan; MarkLevinFan

Check this out!


38 posted on 10/13/2006 7:35:14 AM PDT by SE Mom (Proud mom of an Iraq war combat vet)
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To: TomGuy

She's the Junior Senator from New York and only going into her second term. Too many people would be pissed if she cuts ahead in line.


39 posted on 10/13/2006 7:35:15 AM PDT by misterrob (Bill Clinton, The Wizard of "Is")
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To: Suzy Quzy

Jay Brown, Abrahmoff, mob lawyers ... my, my, my. Reid has reason to look like a glum undertaker, with that many hooks in him.


40 posted on 10/13/2006 7:35:18 AM PDT by RegulatorCountry
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