Someone posted to YouTube a news report from Nevada about the Harry Reid land deal, which includes the audio of the hang-up:
Mike from Mike’s America reminded me about Harry’s statement where he stated “I know a thing or two about corruption”….it sure appears so huh?
Now I know a sex scandal is easier to wrap your heads around then a financial one, and a more sexy scandal to gossip about, but this is a easy one. Basically Reid buys some residentially zoned land, he transfers it to an LLC corporation for no profit, but a share of the LLC. Then, the LLC applies to rezone that land to a commercial zone but they are denied. They appeal it and during that appeal Reid’s partner mentions Reids name and bam….the land is rezoned. The LLC then sells the land for a 1.2 million profit. Harry gets a profit and fails to notify the Senate.
That’s it in a nutshell.
Check out my earlier post here.
Check out this great .PDF file put together by the LA Times sometime back which showed how knowing Reid, or being related to him will get you places…..and rich:
The article can be found here:
At least 17 senators and 11 members of the House have children, spouses or other close relatives who lobby or work as consultants, most in Washington[…]But Harry Reid is in a class by himself. One of his sons and his son-in-law lobby in Washington for companies, trade groups and municipalities seeking Reid’s help in the Senate. A second son has lobbied in Nevada for some of those same interests, and a third has represented a couple of them as a litigator. In the last four years alone, their firms have collected more than $2 million in lobbying fees from special interests that were represented by the kids and helped by the senator in Washington. So pervasive are the ties among Reid, members of his family and Nevada’s leading industries and institutions that it’s difficult to find a significant field in which such a relationship does not exist.
In an internal memo, [Reid chief of staff Susan] McCue said Reid’s family members had lobbied his staff by supplying research, technical support and strategic guidance. She described them as effective advocates for their clients.
UPDATE II 1415hrs PST
Tom at The New Editor tells me that YouTube has pulled the video….mine still works tho.
Tom also did some good detective work with that article about Reids family. It appears his son not only sits on the same Commission that approved the zoning change, but is the Chairman. You think the MSM would be all over that if he was a Republican?
You bet your ass they would be.
So I may have mis-spoke when I said tax reportable, I was referring to the senate, not the IRS. Recall that I was answering your first comment which said I was not telling the truth with this statement:
Tell me again why this should not have been disclosed to the Senate?
I bow to your prowess david, I am in awe….
Oh btw….a REAL CPA emailed Hugh Hewitt with this comment:
When you say, “He sold the land to the LLC for interest in that company, this is definately a reportable taxable event. He didn’t report it and he made money off of it…” you are absolutely and completely incorrect. This is not a matter of opinion. Why are you climbing out on this limb? This is a specialized area of knowledge, one in which you clearly are not versed. Don’t you feel it? What do you really know about transactions between members and their LLCs? Let’s try an experiment. Call your accountant, or one out of the yellow pages. Ask him, ” Are there any circumstances where I would sell a piece of land to my LLC and recognize a gain or loss? Am I even permitted to do this?” Let me know how that goes.
Yeah, and then there’s also this:
YouTube blocked video mocking Clinton Administration about their dealings with North Korea. WTF??
Folks the Clinton censorship machine is alive and well. Now you tell me ditto for Filthy Harry? Google has already helped supress free speech in China and now it seems they fully intend to do the same thing with YouTube here.
Just more of that “KKKulture of KKKorruption” from the DemoKKKrats and that hypocrite, Harry (G)Reid.
Nice work, Curt.