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"A deal in the desert for Sen. Reid?

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Last Edited: January 28, 2007, 12:49 pm

A Sainted high profile Deomocrat involved in a help-your-buddy ethics-questionable land deal ......  my, my, my!!!  Thud   Thanks for all who voted for a "change" ................... you're not getting your money's worth ....... business as usual higher taxes, man the lifeboats to get through the river of BS.  Nothing has or will change except their table full of chattering teeth winding down to a dead stop now they're elected.


"A deal in the desert for Sen. Reid

A bill he wrote could have affected the friend who sold the land.

By Chuck Neubauer and Tom Hamburger, Times Staff Writers
January 28, 2007
Source LA Times
(excerpt)
BULLHEAD CITY, ARIZ. — It's hard to buy undeveloped land in booming northern Arizona for $166 an acre. But now-Senate Majority Leader Harry Reid effectively did just that when a longtime friend decided to sell property owned by the employee pension fund that he controlled.

In 2002, Reid (D-Nev.) paid $10,000 to a pension fund controlled by Clair Hay , 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 Hay family had brought to Reid's attention in 1994, according to a source familiar with the events. ...................."

http://www.latimes.com/news/nationworld/nation/la-na-reid28jan28,0,5893951.story?coll=la-home-headlines
Entry #743

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