Home Mobile Archives Reader Blogs Register Login

Thursday, May 03, 2007

If We Can Investigate Plame And The US Attorneys…

...why can’t we investigate Harry Reid and Dianne Feinstein?

The shady improprieties of the current Senate majority leader are another story altogether. In 2004, Reid got $1.1 million — three times what he paid for it — for residential property on the outskirts of Las Vegas even though he had not owned the land for three years.

Brown’s scheme worked this way: Reid bought the land in 1998 from a developer and beneficiary of a federal land deal Reid supported. In 2001, Reid “transferred” the land at cost to a corporate entity established by Brown, not bothering to include it on his required yearly ethics report, and misleading Congress that he still owned the property. Brown then got local authorities to rezone the land for commercial use and sold it, slipping Reid a cool million and change…

But Reid’s take is small potatoes compared with the wheeling and dealing of another leading Senate Democrat, Rules Committee Chairwoman Dianne Feinstein of California. In her six years as ranking Democrat on the Senate Military Construction, Veterans Affairs, and Related Agencies subcommittee, she “may have directed more than $1 billion to companies controlled by her husband,” according to American Conservative Union head David Keene, writing in the Hill, a Washington newspaper, on Monday.

URS and Perini Corp., under the control of Feinstein’s husband, Richard Blum, apparently got more than $1.5 billion in government business largely from Feinstein’s subcommittee.

To be perfectly honest with you, I’d even settle for some media coverage that rises to half of what the circus around the Plame “scandal” (that big, stupid nothing) was.

Comments

It would be interesting to know who owned the land before Harry Reid, who owned it before that.  Then there’s the question of how Reid paid for the property.  Did he pay cash?  Get a mortgage from a bank of financial investor?  Did the seller finance the deal?  Did Reid actually make any sort of payments on the property?  What were the terms of the promissory note?  And what was done in the intervening three years to make the land so much more valuable, and who did it?

I’ve done an awful lot of real estate transactions over the years, and this just smells like a payoff or quid pro quo of some sort.


“Poverty of goods is easily cured; poverty of the mind is irreparable.”

Bat One on May 3, 2007 at 02:04 pm
Page 1 of 1        

Post a Comment


Before commenting, please recite:

Grant me the serenity to ignore the trolls,
the courage to debate with honest opponents,
and the wisdom to know the difference.

Name   
Email   
URL   
Human?
  
 

Upload Image    

Remember my personal information

Notify me of follow-up comments?

Note: Notifications will only be sent to confirmed email addresses.