Wednesday, October 11, 2006

Reid Rakes It In

More close personal friends and sweetheart deals, this time with Democrat leader Sen. Harry Reid for a nice million dollar plus figure. AP:
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.

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.

And there was this nice little touch:

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.
Democrat Senator Harry Reid, doing his bit for the local economy---a personal best.

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