Jan 29 2007
Sen Majority Leader Harry Reid seems to be awash with incredible land deals in the deserts around Las Vegas.
In 2002, Reid (D-Nev.) paid $10,000 to a pension fund controlled by Clair Haycock, a Las Vegas lubricants distributor and his friend for 50 years. The payment gave the senator full control of a 160-acre parcel in Bullhead City that Reid and the pension fund had jointly owned. Reid’s price for the equivalent of 60 acres of undeveloped desert was less than one-tenth of the value the assessor placed on it at the time.
Six months after the deal closed, Reid introduced legislation to address the plight of lubricants dealers who had their supplies disrupted by the decisions of big oil companies. It was an issue the Haycock family had brought to Reid’s attention in 1994, according to a source familiar with the events.
If Reid were to sell the property for any of the various estimates of its value, his gain on the $10,000 investment could range from $50,000 to $290,000.
It is a potential violation of congressional ethics standards for a member to accept anything of value â€” including a real estate discount â€” from a person with interests before Congress.
The man gets land cheap, and then the land is rezoned to make it worth millions. As we posted before (which caught the attention of Rush Limbaugh) the man has been turning deals and getting paid twice for the sale of land through hidden trusts. It is just amazing how gifted Reid is on these deals. Almost too amazing. It seems Bush Derangement Syndrome will make some lay down with theives if they must to try and thwart Bush. Will there be an investigation? Not by our bought and sold media. They are too busy exposing our terrorist defenses to investigate Reid’s quid pro quo.