Saturday, August 18, 2012

HARRY REID: INVEST EARLY--CHANGE LAW FOR PROFIT

WHERE DOES HARRY REID’S WEALTH COME FROM?
The New American – Brian Koenig – 8/16/2012
Underscoring such hypocrisy, the Las Vegas Review-Journal revived a 1974 statement in which Reid stated, “Any man or woman who will not be completely candid about his or her finances does not deserve to be in public office.” Responding to the charge, Reid averred, “In 1974, I wasn’t in Congress.”
Is there something the senator is hiding? According to Woodruff, Reid may have a few financial skeletons he’s trying to keep in the closet. She explained:
In 2004, the senator made $700,000 off a land deal that was, to say the least, unorthodox. It started in 1998 when he bought a parcel of land with attorney Jay Brown, a close friend whose name has surfaced multiple times in organized-crime investigations and whom one retired FBI agent described as “always a person of interest.” Three years after the purchase, Reid transferred his portion of the property to Patrick Lane LLC, a holding company Brown controlled. But Reid kept putting the property on his financial disclosures, and when the company sold it in 2004, he profited from the deal — a deal on land that he didn’t technically own and that had nearly tripled in value in six years.

During the 2010 congressional race, senatorial rival Sharron Angle asked Reid how he earned is wealth. His response? “I did a very good job investing.”
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