“Dirty Harry” Reid is quite the real estate speculator it seems. For him to play the class warfare game is laughable. Our Senate majority Leader made a $700,000 profit off of a land deal that does not seem to be entirely kosher.
by Betsy Woodruff
Try this thought experiment. Imagine that someone grows up in poverty, works his way through law school by holding the night shift as a Capitol Hill policeman, and spends all but two years of his career as a public servant. Now imagine that this person’s current salary — and he’s at the top of his game — is $193,400. You probably wouldn’t expect him to have millions in stocks, bonds, and real estate.
But, surprise, he does, if he’s our Senate majority leader, whose net worth is between 3 and 10 million dollars, according to OpenSecrets.org. When Harry Reid entered the Nevada legislature in 1982, his net worth was listed as between $1 million and $1.5 million “or more,” according to the Las Vegas Review-Journal. So, since inquiring minds inquire, let’s try to figure out how Reid’s career in public service ended up being so lucrative. He hasn’t released his tax returns, which makes this an imperfect science, but looking at a few of his investments helps to show how he amassed his wealth.
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.
When his 2010 challenger Sharron Angle asked him in a debate how he had become so wealthy, he said, “I did a very good job investing.” Did he ever. On December 20, 2005, he invested $50,000 to $100,000 in the Dow Jones U.S. Energy Sector Fund (IYE), which closed that day at $29.15. The companies whose shares it held included ExxonMobil, ChevronTexaco, and ConocoPhillips. When he made a partial sale of his shares on August 19, 2008, during congressional recess, IYE closed at $41.82. Just a month later, on September 17, Reid was working to bring to the floor a bill that the Joint Committee on Taxation said would cost oil companies — including those in the fund — billions of dollars in taxes and regulatory fees. The bill passed a few days later, and by October 10, IYE’s shares had fallen by 42 percent, to $24.41, for a host of reasons. Savvy investing indeed.
[........]
How Reid acquired that land is interesting, too. He put $10,000 into a pension fund his friend Clair Haycock controlled, to take over the 160-acre parcel at a price far below its assessed value. Six months later, Reid introduced legislation that would help Haycock’s industry, a move many observers said appeared to be a quid pro quo, though Reid and Haycock denied that the legislation was the result of a property deal.
We don’t know how much more money Reid has or how he made all of it. For that, we’d have to see his tax returns.
Read the rest – How did Harry Reid get rich?
Tags: Betsy Woodruff, Harry Reid
Probably didn’t have anything to do with the fact that Dingy Harry was the Chairman of the Nevada Gaming Commission for 4 years. Nope; no sirree; nothing to see here; move along, now. ///////
He got it from Obama Stash before it was called that.
Rodan
Are you here?
Harry made money the classic way. He was bought. First the bribe. Then the discount deal on real property. Then the legislation to increase the value of the property and that of the briber. Often using the roads and bridges built by the public.
So maybe that is where Obama heard his now infamous deep thought.
While the insiders get rich, public pensions are running short of funding.
http://www.washingtonpost.com/business/economy/new-rules-expose-bigger-funding-gaps-for-public-pensions/2012/08/16/c183fe1a-d507-11e1-b2d5-2419d227d8b0_story.html?hpid=z2
I heard from a confidential source that Harry Reid runs a juvenile white homosexual slave trade business out of his house. Apparently according to my source, he is selling white juvenile Mormon boys to Saudi Arabian Princes.
@ doriangrey:
That’s a heck of a source.
@ doriangrey:
But I get your point. Heresy.
Lily wrote:
Harry Reid approves of such sources.
doriangrey wrote:
I will say that Harry is a little creepy man who looks like he could play that part in a movie.
@ Lily:
And of course of didn’t spell it right Hearsay
/I plain this on my keyboard..that is my story and I’m sticking to it.
@ Lily:
Maybe I should stop posting because the mis-spelling on my part is very high this evening. Very high.
doriangrey wrote:
Yes he does!!!! Even with the mis-spelling.
@ yenta-fada:
{{{{Yenta}}}} I got a song that would go well with your michelle collection. If you want me to post it.
Lily wrote:
Na… We know it’s just your keyboard plotting against you…
pat wrote:
Exactly.
Since that’s how Democrats make their money, Obama assumes that’s how everyone does it.
doriangrey wrote:
Damn straight…always and I mean always trying to make me look stupid. Damn commie keyboard.
ahem… http://www.wlsam.com/Article.asp?id=2517663&spid
the lib meme that rich people got rich on the backs of the poor leads right back to rich libs.
This is what we should have been talking about today
@ brookly red:
Heh
Lily wrote:
Oh, PLEASE!
{{Lily}}
@ brookly red:
Jarrett is one wicked woman. Just the person that obama likes to have near him.
waldensianspirit wrote:
boo-yah!
@ lobo91:
{{Leia}} {{lobo too}}
@ yenta-fada:
Howdy
Lily wrote:
they are all whores, the entire democratic party is one enormous brothel.
@ yenta-fada:
My son showed me this song and I thought right off the bat …Michelle Obama…probaby not your type of music but listen to the words and tell me this song doesn’t fit Michelle to a tee.
brookly red wrote:
Evil. Evil. Evil.
brookly red wrote:
You say that like it’s a bad thing…
lobo91 wrote:
You must have practically kissed the floor of your house, then your dog, then your beer and bbq, then your movie theater!
brookly red wrote:
I honestly can’t disagree with you here at all.
Lily wrote:
I promise to listen later, but dinner here at the moment.
@ yenta-fada:
LOL
It is nice to be back
lobo91 wrote:
I bet it is!!!!!!
@ yenta-fada:
The words fit her so well. In fact I thought that song was about her…but they made the song before she got in the White House.
Lily wrote:
I don’t like to over intellectualize and argue semantics… they had a choice, God or mammon. They made their choice and God willing we will live to see their reward.
brookly red wrote:
Actually what you just posted fits perfectly….they have a choice…diagree with everything they are doing but because they *have* (and no they don’t) to vote party line they vote for everything they are against…some of them..others are all in.
@ Lily:
I just finished teaching a class, and now I get to watch the Rockies on TV while enjoying a pizza with real pepperoni and some Sam Adams.
Much better than Kuwait.
Lily wrote:
to break the law is one thing to teach others to do the same is another. their is an order to the universe, let it be.
lobo91 wrote:
I bless your pizza & your beer.
@ lobo91:
I bet!!!! I wish those people who think the United States is evil or needs to be changed should spend on year in another country (the middle east for one) to see how wonderful our country really is.
brookly red wrote:
your Rockies… not so much.
brookly red wrote:
Yes there is an order to universe and our world….
@ brookly red:
Didn’t like last night’s game against the Mets?
@ Lily:
PIMF on=ONE
/gosh I am way off today…way off!
Lily wrote:
unfortunately they (he) has and yet he hates us still, and his wife is still not proud (of her country)… we have a lot of work to do.
@ lobo91:
Did you get a teaching class?
Lily wrote:
I had a firearms class today.
Only one person, but it’s better than nothing…
I’m shocked! I mean the Clintons did it, Obama did it, but Harry? Well that’s OK, they’re Dems, it’s just some shady deals. Not like they said something stupid or were accused of rape. Oh wait… Nevermind the left gets a pass on everything. Crooked commodities deals, stolen IRS records, saying Romney wants to put y’all in chains, its all good. Let a Rupublican say something stupid though and we will eat him alive.
lobo91 wrote:
Mets? hahahahaha, come on the Mets are the official team of the liberals.
It don’t work so let’s do it again!
brookly red wrote:
Yes we do..I already know the ones in DC don’t like us..it is the regular people who have no clue or vote the party line whether or not they like the candidiate or even know what the candidate is even about is who I’m talking about. A relative of mine doesn’t like anything that obama is about (other than the ususal it’s still Bush’s fault) When I asked them pointed questions..they are against what the question is about and each question is something obama has done or did. So I ask why are you going to vote for someone that is totally against what you think is right. Their answer *I HAVE TO VOTE THE PARTY LINE*. My respone…*NO YOU DON’T.*
lobo91 wrote:
That’s a start. Good for you then. Very good.
Rancher wrote:
is it not odd that we witness their crimes daily yet do nothing?
@ brookly red:
Very odd indeed. It will catch up to them.
Lily wrote:
Back in the day I’d tell them to go live in the Soviet Union, or Red China. Now…it should be ButtFuck Egypt!
A snowball chance in hell this will happen. Apparently this idiot doesn’t really know how the koran works and doesn’t know much about the Torah or the Bible.
http://weaselzippers.us/2012/08/21/wapos-on-faith-writer-gushes-over-the-koran-urges-catholics-to-read-and-follow-islams-holy-books
Macker wrote:
Pick any Middle Eastern Country…one year see if they can handle it.
I know they couldn’t.
Lily wrote:
No. just say no.
@ brookly red:
Hell no works for me.
huckfunn wrote:
You gotta problem wi’ dat? For somebody from New Joisey, you ask a lotta questions. That ain’t healthy, know what I mean?
waldensianspirit wrote:
No matter what else is in the news, you know that this would never be a story from the MSM. Even if absolutely nothing else had happened in the last 3 weeks, this story would still have been spiked.
AZfederalist wrote:
I was talking to Ron Brown back during the Clinton years, he said the same thing. Wonder what he’s up to nowadays?
Okay this thread is so dead I’ll clear something up…the orginal song “Muskrat Love” was done by America. Captain and Tenille did a cover of it. (A little know fact and I know Dorian will correct me if I’m wrong.)
@ Rancher:
Worked with someone who worked in a casino when she got out of the Air Force. She said one of the reasons she left was the creepy factor of working with 32 year-old “retired” former New York City police officers.
@ AZfederalist:
Retired New York police officers are creepy? Hhmmmmmmmm….
/a lot of people have thought the mob is gone..naw just aren’t as in your face like they were back in the days.
Now I’ve seen everything.
I knew that they were requiring calorie labels on menus in Bloombergistan, but I didn’t realize it extended to the ball park.
They just showed a hot dog vendor on TV. He’s wearing a button that says “Hot Dogs, $6, 310 calories”
@ Lily:
LOL! Yeah, I can also see this song being paired with the 2 mating muskrats!
Now that’s out of the way….
Back in the day when I worked at a small radio station in my hometown, someone called in to lambast us for playing America’s “You Can Do Magic,” calling it promotion of Witchcraft and the Work of the Devil! Too bad I didn’t record the conversation…it would have been hilarious to play on the air!
@ Lily:
Anyone who thinks the mob is gone hasn’t dealt with a public employee union.
@ Macker:
LOL! Yeah “Muskrat Love” by America is actually a pretty good song..too bad Captian and Tennille didn’t do it justice.
Just for you Macker…an awesome song too!!! The song is more about love at first sight..those digbats….
lobo91 wrote:
Word lobo!!!
Wow..I’ve been watching baseball for 45 years, and this is the first time I’ve ever seen an umpire reverse a call.
Lily wrote:
Not as creepy as active one…
@ lobo91:
I saw a first call one time …in baseball…but can’t remember what it was to be honest..I know I told you about it.
lobo91 wrote:
That would be the exact same number of times I have seen it, and the ump caught living hell from the fans and the team the call went against. He had to be escorted out of the stadium.
@ Lily:
Try this… A little Sloe Gin…
@ doriangrey:
The Mets manager got himself tossed arguing it.
The original call was clearly bad. Like off by 7-8 feet. It wasn’t even close.
Lily wrote:
Re-read what I wrote. Retired New York City police officers are not creepy. Retired 32 year old New York City police officers might raise a few eyebrows.
doriangrey wrote:
Reminds me of a commerical…about Mayham!
AZfederalist wrote:
Well, personally I find 90 percent of all cops to be rather creepy.
@ doriangrey:
Excellent song there Dorian!
/I like it.
AZfederalist wrote:
I caught it.
You don’t retire at 32 as a police officer unless you just go to another line of work. I think my son can retire in 20 years…but no sooner than that.
Young’s no-hitter against the Rockies sure fell apart in a hurry.
He was perfect going into the top of the 6th. There’s now 1 out. He’s given up 3 runs, 4 hits, and made a throwing error so far.
doriangrey wrote:
Oh good my son is in the 10 percent!
Lily wrote:
Don’t forget, I do live in the People’s Police State Republic of California…
For Dorian because I know he likes this type of music and we are talking about cops and such….
@ doriangrey:
Believe it or not my son would probably agree with you about your creeps about some cops. He can not stand the ones that are lazy or the ones that think they are on a power trip just because of the uniform.
Lily wrote:
Try this one then… It’s.. a little Joe vs Jethro Tull..
@ doriangrey:
Listening to it now …I do like me some Jethro Tull.
Especially Locomotive Breath…my fav from them.
doriangrey wrote:
So how does that work? If you are an illegal, you pretty much get a free pass, but if you are a legal resident, you are subject to every real and imagined regulation?
AZfederalist wrote:
It’s a new form of Affirmative Action.
Lily wrote:
well politically speaking , Thick as a Brick is where we are now.
AZfederalist wrote:
Pretty much. I’m pretty sure in order to be a California police officer, you have to have gone to the Heinrich Himmler Police Gestapo Academy. the cops out here all have serious god complexes.
lobo91 wrote:
Or more accurately Affirmative Inaction…
@ doriangrey:
Excellent and this song fits with the thread….at least the title of it….it should be it’s theme song.
@ doriangrey:
Just the type of guy you don’t WANT IN A POLICEMAN’S UNIFORM!!!
/yep God-Complexes you weed those out.
@ brookly red:
Yep. Trying to keep a dying thread alive until my mom gets here….she is in town for a visit all week.
Lily wrote:
Not in California they don’t. It seems to be a damned requirement here.
doriangrey wrote:
Those are the ones my son cannot stand. He says they should never be hired ever. But hey, hey, I’m in Louisiana.
Lily wrote:
Oh yeah!!!
Good luck and have an uneventful evening/week with your mom.
@ Calo:
YEAH!
//////
Really so far going okay…she wakes me up so damn early every morning. I do mean every morning. So far she has to toe the democratic line even though she doesn’t like or agree with obama.
But YEAH everything is going well I tell ya!!!
Calo wrote:
Geez, real killjoy you are… What if Lily had intended to take her mom out to Bourbon Street for a little excitement?
Lily wrote:
Take her out to dinner on Nov. 5th and get her so drunk she can’t find her polling station on Nov 6th…
@ doriangrey:
I must not comment on your comment.
It might get me in trouble.
Evening all Mom’s here so I leave you with a nice song…
{{{{Calo}}}} Son gained 1 and 1/2 pounds last week!!!!!!!! Awesome!!!
Where is Lobo?
Our minor league team signed Roger Clemens.
@ Lily:
Nite Lily. Enjoy your evening.
And, great news in your son.
doriangrey wrote:
Will not work..she doesn’t drink and she travels a lot.
The only hope is trying to talk to her…but she doesn’t listen.
I’ll say what Calo will not say…when I talk to mom “Damn mom that’s hippy talk!” Hippy Dippy. But she is nice just as long as I don’t talk about anything other than butterflies and such.
Calo wrote:
It means we can put pounds on him. Great news. {{Calo}} you have a good evening too.
@ Calo:
I heard that last night.
Interesting move
Just reading this thread I am struck by what shrewd
real estate people Democrats are.
The Obamas wanted a Kenwood mansion.
It sits on one parcel which abuts an undeveloped
parcel, both owned by the same owner.
He insisted that both parcels be purchased.
Tony Rezko paid the asking price for the undeveloped
parcel & the Obamas got a deep discount on the mansion.
Then while Obama was in the stste senate, Rezko got
public housing licenses & funding.
He became an uber slumlord.
No influence pedaling./
@ RIX:
They’re expert stock traders, too.
@ lobo91:
They are accomplished. Hillary turned a $1,000
investment in cattle futures into $100,000!
Shrewd./
Drive-by post..
Need to watch Hannity’s interview with Paul Ryan tonight. Excellent.
*climbs out of the bunker after 3 days*
*curses the sky gods*
did I miss anything?
coldwarrior wrote:
Nope, ok, well there was that little space alien invasion last night, but once they heard Obama talking, they said fuck it and went back home, so, umm, nope, didn’t miss a thing.
doriangrey wrote:
cool….who knew he was alien invasion prevention. wonder how he is with zombies?
coldwarrior wrote:
I don’t know about him, but I bet the zombies are scared shitless of Mooch…
doriangrey wrote:
Oh shit… I’m probably going to jail for comment… huh…
@ doriangrey:
i know i sure am.
coldwarrior wrote:
Guess I better find out where to hide a couple of potatoes…
@ coldwarrior:
He attracts zombies, unfortunately.
lobo91 wrote:
no kidding!
oh and welcome back.
doriangrey wrote:
spud guns maybe!
lobo91 wrote:
He attracts them, and Mooch eats them…
doriangrey wrote:
And ya’ll were wondering what all the junk in her trunk was…
@ coldwarrior:
Thanks
Rush on the big screen…Sam Adams…what more do I need?
dammit….nightly dropped my profile…
bbiab
@ coldwarrior:
Zombie plumbing
mfhorn wrote:
You know the economy is fluked when even the zombies have to get jobs…
@ doriangrey:
There used to be a company in KC called ‘Damm Plumbing’ with their motto ‘Call the Damm Plumber.’
Doesn’t quite beat ‘We clean draaaains’, though!
@ mfhorn:
L
There’s a dry cleaners not far from me that has a big sign in its window, “Drop your pants here”. L