I wonder how fast Congress will be in getting investigations started on this.
The deal began in 1998 when Reid bought undeveloped residential property on Las Vegas' booming outskirts for about $400,000. Reid bought one lot outright, and a second parcel jointly with Brown. One of the sellers was a developer who was benefiting from a government land swap that Reid supported. The seller never talked to Reid.
In 2001, Reid sold the land for the same price to a limited liability corporation created by Brown. The senator didn't disclose the sale on his annual public ethics report or tell Congress he had any stake in Brown's company. He continued to report to Congress that he personally owned the land.
After getting local officials to rezone the property for a shopping center, Brown's company sold the land in 2004 to other developers and Reid took $1.1 million of the proceeds, nearly tripling the senator's investment. Reid reported it to Congress as a personal land sale.
The complex dealings allowed Reid to transfer ownership, legal liability and some tax consequences to Brown's company without public knowledge, but still collect a seven-figure payoff nearly three years later.
Reid hung up the phone when questioned about the deal during an AP interview last week.
I think the moral of this story should be, we have crooks and pervs in every walk of life and politicians are no different. What IS different is how when others faults come to light, people like Reid will jump on the bandwagon without thought to his own activities.
That casting of stones when you live in a glass house yourself is a bitch isn't it?
Others blogging on this: Reihl World View with "Dirty Harry Reid: No Comment to AP, Sensible Mom with When Nancy Drains the Swamp will it Include Harry Reid, Bullwinkle Blog with The True Party of the Culture of Corruption, Iowa Voice with Harry Reid may have a Little "Culture of Corruption" of His own.