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Harry Reid hangs up on AP reporter`; Caught in illegal land sale deal!
Topic Started: Oct 11 2006, 11:22 AM (830 Views)
George K
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Finally
Ben
Oct 12 2006, 05:03 PM
How about playing with the districts in Texas with the sole purpose of making the Dems lose seats in the House?

Check out the 4th congresional district in Illinois:

Posted Image

Rep. Luis Guiterrez (D)
http://www.govtrack.us/congress/findyourre...e=IL&district=4

Called Gerrymandering, and it's happened for hundreds of years. Doesn't make it right, but, don't make it sound like Delay invented it.

http://www.economist.com/world/na/displayS...tory_id=1099030

"But the champion gerrymandering comes from Illinois. Chicago has two Hispanic areas. They are in different parts of the city, but that has not discouraged the good politicians of Illinois from creating a constituency consisting of these two areas only. They lie on either side of a black part of the city like the bread of a sandwich."
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- Mik, 6/14/08


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Jolly
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Geaux Tigers!
Ben
Oct 12 2006, 04:03 PM
How about playing with the districts in Texas with the sole purpose of making the Dems lose seats in the House? Then there's the five occasions on which he has gotten into trouble with campaign contributions, counting this most recent one. Plus the times he hasn't been caught - which I can guarantee you are more than five. Then there's Mr. Abramoff.

If you would like more information please go to TRMPAC.org. There you will find indictment after indictment, video evidence, and much more.

He is the definition of sleazy. Gah, just thinking about him makes me want to go wash my hands.

There's a difference between indictment and conviction. And while I'm sure DeLay is not pure as the driven snow, I doubt he's any more crooked than most. He is guilty of hardball politics, which is really how the game should be played.

I won't go into the gerrymandering issue, since you've already been handed your head on that one.
The main obstacle to a stable and just world order is the United States.- George Soros
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QuirtEvans
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I Owe It All To John D'Oh
Quote:
 
Chicago has two Hispanic areas. They are in different parts of the city, but that has not discouraged the good politicians of Illinois from creating a constituency consisting of these two areas only. They lie on either side of a black part of the city like the bread of a sandwich.


Out of curiosity, what's the point? African-Americans and Hispanics usually vote the same way anyhow, at the Congressional level.

Is the point to ensure one African-American and one Hispanic Congressman?
It would be unwise to underestimate what large groups of ill-informed people acting together can achieve. -- John D'Oh, January 14, 2010.
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Kincaid
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HOLY CARP!!!
That's my understanding of why that one occurs. Others, like Texas and Oregon, are designed to assist the party with the power to do so.
Kincaid - disgusted Republican Partisan since 2006.
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Ben
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Senior Carp
It's just as wrong when Democrats do it as it is when anyone else does it. So, no, I haven't been handed anything. Sorry.
- Ben

"Playing 'bop' is like playing Scrabble with all the vowels missing." - Duke Ellington

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Or you can just PM me. :P
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Jack Frost
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Bull-Carp
Can you spell "Much Ado About Nothing?"

Common transaction...something i see every week.

1. Harry and partner own land as tenants in common, Harry having a 75% interest.

2. Reported in full compliance with the law.

3. Harry and partner transfer land to LLC. In return, Harry gets 75% interest in LLC and partner gets 25%. This is a smart and standard thing to do. There isn't a week that goes by that I don't advise someone to put commercial property in an LLC. Ask Larry. I am sure his antique store and video store and other real estate holdings are all in LLC's.

4. From an IRS perspective, the LLC is by definition invisible. Returns are still filed as Harry owning 75% of the land.

5. Harry reports ownership in a manner consistent with IRS--that is, he does not report that he owns 75% of an LLC--he reports he owns 75% of the land itself.

That it folks. Technically, Harry was wrong. He did not own 75% of the land--he owned 75% of the LLC that owned the land. To the IRS it makes not a scintilla of difference.

Do we really care?

Find another tree to bark up!!!

jf


http://www.dailykos.com/storyonly/2006/10/11/175829/67
Quote:
 
Let it be said by our children's children that when we were tested we refused to let this journey end, that we did not turn back nor did we falter; and with eyes fixed on the horizon and God's grace upon us, we carried forth that great gift of freedom and delivered it safely to future generations.
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ivorythumper
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I am so adjective that I verb nouns!
That's all interesting and very informative, Jack, but I don't think the matter has to do with IRS law but what and how things are supposed to get disclosed by public officials.
The dogma lives loudly within me.
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Jack Frost
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Bull-Carp
ivorythumper
Oct 12 2006, 09:05 PM
That's all interesting and very informative, Jack, but I don't think the matter has to do with IRS law but what and how things are supposed to get disclosed by public officials.

My point exactly. They were disclosed fully in a manner consistent with the IRS reporting requirements. The technicality that this story seizes upon is completely immaterial.

jf

Quote:
 
Let it be said by our children's children that when we were tested we refused to let this journey end, that we did not turn back nor did we falter; and with eyes fixed on the horizon and God's grace upon us, we carried forth that great gift of freedom and delivered it safely to future generations.
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ivorythumper
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I am so adjective that I verb nouns!
So are the Congressional requirements the same as the IRS requirements? I have no idea as to the intricacies of these matters, but it seems like you are saying that as long as he follows the one law the other doesn't matter.
The dogma lives loudly within me.
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Jack Frost
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Bull-Carp
ivorythumper
Oct 12 2006, 09:10 PM
So are the Congressional requirements the same as the IRS requirements? I have no idea as to the intricacies of these matters, but it seems like you are saying that as long as he follows the one law the other doesn't matter.

NO I AM SAYING HE MADE AN HONEST MISTAKE THAT HAS NO SUBSTANCE. It's as if he said he had a million dollars in one bank and infact it was in a different bank because he had just transferred it and forgot.

jf
Quote:
 
Let it be said by our children's children that when we were tested we refused to let this journey end, that we did not turn back nor did we falter; and with eyes fixed on the horizon and God's grace upon us, we carried forth that great gift of freedom and delivered it safely to future generations.
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ivorythumper
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I am so adjective that I verb nouns!
Oh, OK. You don't have to shout. :lol:
The dogma lives loudly within me.
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Jack Frost
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Bull-Carp
I get kinda worked up about all this distortion of the news.

Sometimes I feel that I am the only one here who cares about the truth. Larry calls me a brain dead liberal yet I am the first one who says Teddy K should be in jail.

jf

Quote:
 
Let it be said by our children's children that when we were tested we refused to let this journey end, that we did not turn back nor did we falter; and with eyes fixed on the horizon and God's grace upon us, we carried forth that great gift of freedom and delivered it safely to future generations.
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ivorythumper
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I am so adjective that I verb nouns!
Yeah, I know how you feel. Part of it is the typical media blitz, and part is the political posturing, and part is the seriousness of the allegations that have to brought to the fore.

Foley, for instance, does not seem to actually have committed any crimes and is being labelled a pedophile for having a homosexual attraction to an 18 year old adult. But the truth of that serves neither to sell newspapers nor make political hay.
The dogma lives loudly within me.
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Jack Frost
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Bull-Carp
ivorythumper
Oct 12 2006, 09:35 PM
Yeah, I know how you feel. Part of it is the typical media blitz, and part is the political posturing, and part is the seriousness of the allegations that have to brought to the fore.

Foley, for instance, does not seem to actually have committed any crimes and is being labelled a pedophile for having a homosexual attraction to an 18 year old adult. But the truth of that serves neither to sell newspapers nor make political hay.

Make that 16 year old and the problem is not with the age or legality of it. The problem is with the fact that he was charged with the safety of the pages and he abused that responsibility.

jf

Quote:
 
Let it be said by our children's children that when we were tested we refused to let this journey end, that we did not turn back nor did we falter; and with eyes fixed on the horizon and God's grace upon us, we carried forth that great gift of freedom and delivered it safely to future generations.
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Jack Frost
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Bull-Carp
Hey Larry, what's the matter? Truth got you down on this thread? tell us about how your LLC is different from Reid's.

jf

Quote:
 
Let it be said by our children's children that when we were tested we refused to let this journey end, that we did not turn back nor did we falter; and with eyes fixed on the horizon and God's grace upon us, we carried forth that great gift of freedom and delivered it safely to future generations.
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Jolly
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Geaux Tigers!
Jack Frost
Oct 12 2006, 06:57 PM
Can you spell "Much Ado About Nothing?"

Common transaction...something i see every week.

1. Harry and partner own land as tenants in common, Harry having a 75% interest.

2. Reported in full compliance with the law.

3. Harry and partner transfer land to LLC. In return, Harry gets 75% interest in LLC and partner gets 25%. This is a smart and standard thing to do. There isn't a week that goes by that I don't advise someone to put commercial property in an LLC. Ask Larry. I am sure his antique store and video store and other real estate holdings are all in LLC's.

4. From an IRS perspective, the LLC is by definition invisible. Returns are still filed as Harry owning 75% of the land.

5. Harry reports ownership in a manner consistent with IRS--that is, he does not report that he owns 75% of an LLC--he reports he owns 75% of the land itself.

That it folks. Technically, Harry was wrong. He did not own 75% of the land--he owned 75% of the LLC that owned the land. To the IRS it makes not a scintilla of difference.

Do we really care?

Find another tree to bark up!!!

jf


http://www.dailykos.com/storyonly/2006/10/11/175829/67

Uh, not really.

How many deals of this magnitude do you see done without paperwork?
The main obstacle to a stable and just world order is the United States.- George Soros
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Dave Spelvin
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Fulla-Carp
Quote:
 
done without paperwork

How do we know this again?
Posted Image
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Jack Frost
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Bull-Carp
Jolly, the paperwork was all there. All he did was report it as he owned the property, which he did the year before, instead of he owned the LLC, which for the IRS is identical.

We are talking about a very minor technical mistake that anyone who is not an attorney could make and which, either way, afforded him no advantage.

As I said, find another tree...or come up with somehting with substance. The fact that you harp on this meaningless bit shows how shallow your opposition really is.

There IS no story here...unless of course you listen to and believe...say...Rush or Gordon....

jf


Quote:
 
Let it be said by our children's children that when we were tested we refused to let this journey end, that we did not turn back nor did we falter; and with eyes fixed on the horizon and God's grace upon us, we carried forth that great gift of freedom and delivered it safely to future generations.
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Jolly
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Geaux Tigers!
Jack Frost
Oct 12 2006, 09:05 PM
Jolly, the paperwork was all there. All he did was report it as he owned the property, which he did the year before, instead of he owned the LLC, which for the IRS is identical.

We are talking about a very minor technical mistake that anyone who is not an attorney could make and which, either way, afforded him no advantage.

As I said, find another tree...or come up with somehting with substance. The fact that you harp on this meaningless bit shows how shallow your opposition really is.

There IS no story here...unless of course you listen to and believe...say...Rush or Gordon....

jf

Reckon Harry does his own taxes?

Probably on the kitchen table, I guess, after the wife cleans off the supper dishes.
The main obstacle to a stable and just world order is the United States.- George Soros
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Jolly
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Geaux Tigers!
And...since Halloween approaches:

http://www.libertylinks.com/harried/index.html
The main obstacle to a stable and just world order is the United States.- George Soros
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JBryan
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I am the grey one
A couple of editorials this morning:

Atlanta Journal - Constitution

Published on: 10/13/06

Senate Democratic leader Harry Reid would be well advised to stop thundering about corruption in the Republican ranks or crying "cover-up" over the GOP's failure to promptly and appropriately deal with former Rep. Mark Foley (R-Fla.) and his sexually explicit e-mails to congressional pages. Reid faces too many questions about his own behavior to crusade against the misdeeds of others.

Currently, he's trying to explain a land deal in Nevada on which he made a pile of money and which may not have been properly disclosed. When the property was sold in 2004, it belonged to a company formed with a long-time friend and included a parcel that once had been owed by Reid. Despite having transferred his parcel to the company, the Nevada Democrat continued to report in Senate documents that he still owned it personally. That's a breach of Senate disclosure rules, according to the Associated Press, which first reported the transaction details.

Reid is now considering whether he should amend his disclosure statement.

Two months ago, the Los Angeles Times reported that Reid had smoothed the way for a campaign contributor and friend to develop a huge tract of land northeast of Las Vegas. Reid tried twice — before he was successful — to get a utility right-of-way moved from the proposed development site onto public land.

The first effort stalled because of objections from the Bureau of Land Management and others that the developer wasn't going to pay anything for a deal that would greatly increase the value of his development site. Eventually, it was determined the developer should pay the federal government more than $10 million.

Then there are the free boxing tickets Reid took from the Nevada Athletic Commission. The panel was hoping to block formation of a national boxing commission; Reid favored one.

Only after the Associated Press reported this summer that Reid got the expensive tickets did the senator decide he would no longer accept such gifts.

Unfortunately, Reid's ethics meter only seems to work when it's too late.



Philadelphia Enquirer

Posted on Fri, Oct. 13, 2006

Editorial | Reid's Land DealPractice what you preach

A lucrative land deal benefiting U.S. Senate minority leader Harry Reid (D., Nev.) deserves full scrutiny by the Senate ethics committee.

In 1998, Reid purchased undeveloped residential property on the outskirts of Las Vegas for $400,000. He bought one lot outright, and a second lot with a partner, Jay Brown. In 2001, Reid sold the land for the same price to a corporation created by Brown. Reid retained an ownership stake in the corporation and continued to pay taxes on the property. There was no written agreement; Brown told the Associated Press that the two had been friends for 35 years and didn't need one.

So the Senate Democratic leader engaged in a seven-figure handshake and didn't feel the need to disclose all the details. Experts on Senate ethics rules say Reid should have disclosed the sale in 2001 on his annual ethics report, and informed Congress of his part-ownership in Brown's corporation. Reid didn't.

After the land was rezoned for a shopping center, the corporation sold it in 2004. Reid received $1.1 million in the sale, turning a neat profit of nearly $700,000 in six years.

While now insisting he did nothing wrong, Reid is also offering to make a "technical change" to his earlier ethics reports if the ethics committee so desires. Simply giving the Democratic leader a mulligan is hardly the way to handle this case. When the Senate debated ethics reforms earlier this year, Reid was out in front to demand the toughest of standards from lawmakers.

"Americans have been shocked and even disgusted by revelations of corruption in our current system by Republican lobbyists, senior Bush Administration officials, members of Congress, and former congressional staff," Reid said in March. "The scandals have shown that some outsiders and insiders believed they could act with impunity."

That's how this case looks, too. Unless Reid comes up with a better explanation for this lack of disclosure, Democrats should not keep him as their leader in the new Congress in 2007.

"Any man who would make an X rated movie should be forced to take his daughter to see it". - John Wayne


There is a line we cross when we go from "I will believe it when I see it" to "I will see it when I believe it".


Henry II: I marvel at you after all these years. Still like a democratic drawbridge: going down for everybody.

Eleanor: At my age there's not much traffic anymore.

From The Lion in Winter.
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Jack Frost
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Bull-Carp
Like I said, nothing there.

jf

Quote:
 
Let it be said by our children's children that when we were tested we refused to let this journey end, that we did not turn back nor did we falter; and with eyes fixed on the horizon and God's grace upon us, we carried forth that great gift of freedom and delivered it safely to future generations.
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Larry
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Mmmmmmm, pie!
Ah, but there is. And I think we need to appoint a special prosecutor to find out just how far up the chain this corruption goes....
Of the Pokatwat Tribe

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JBryan
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I am the grey one
Jack Frost
Oct 13 2006, 08:27 AM
Like I said, nothing there.

jf

Yes, of course. That is why the Philly Enquirer is calling for him to be replaced as Minority Leader. Because there is nothing there.
"Any man who would make an X rated movie should be forced to take his daughter to see it". - John Wayne


There is a line we cross when we go from "I will believe it when I see it" to "I will see it when I believe it".


Henry II: I marvel at you after all these years. Still like a democratic drawbridge: going down for everybody.

Eleanor: At my age there's not much traffic anymore.

From The Lion in Winter.
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Jolly
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Geaux Tigers!
Larry
Oct 13 2006, 07:29 AM
Ah, but there is. And I think we need to appoint a special prosecutor to find out just how far up the chain this corruption goes....

Is there some element of organized crime in the land deal?
The main obstacle to a stable and just world order is the United States.- George Soros
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