How Did Harry Reid Get Rich? A Real Democrook?

August 16, 2012 09:08

[L]et’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. – NRO



By Betsy Woodruff at National Review Online


Imagine that someone grows up in poverty, …. You probably wouldn’t expect him to have millions in stocks, bonds, and real estate.


net worth is between 3 and 10 million dollars ….


In 2004, the senator made $700,000 off a land deal that was, to say the least, unorthodox. …


He had managed to get $18 million set aside to build a bridge  …. His ownership of 160 acres of land nearby that stood to appreciate considerably from the project had nothing to do with the decision …


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,


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