The Las Vegas Blog - Business and Politics

The Las Vegas Blog - Business and Politics: "Just when those 'ethical' Democrats have barely stopped celebrating their wins in Congress, their Senate Majority Leader, Harry Reid, gets dirty in another land scandal dustup. In an article in the L.A. Times the history of another sweet deal for Harry is exposed. A brief rundown goes like this:

Harry and his buddy of over 50 years, Claire Haycock, a lubricant distributor (remember this part), purchase a parcel of land in Arizona sometime between 1979 qne 1982 for about $1,500 an acre.

Haycock puts his share in a pension plan trust.

California investors buy the property for $8,400 an acre in the '90's but default a few years later, and the property reverts back to Reid and Haycock.

In the mid-1990s, Reid tried several times for legislation to protect lubricants distributors from abrupt cancellations by their suppliers but was unsuccessful.
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In 2001 Haycock decides to change the pension trust to a 401 and decides to sell the property.

In 2002 Reid buys the property--which once sold for $8,400 an acre and is appraised at $2,144 an acre by the county assessor--for the lofty sum of $166 an acre.

Six months later Harry again introduces legislation for lubricants distributors (remember what I told you to remember).

Since buying the property, Harry has pushed hard for a new bridge to run"