Worse Than Foleygate Part Two

Of course it won't be covered in the media that much because it doesn't have an elected member having sex. The Foley scandal didn't either but that hasn't stopped the MSM from acting like there was.

Anyway, Senate Minority Leader Harry Reid pulled some shenanigans and profited handsomely:

Senate Democratic Leader Harry Reid collected a $1.1 million windfall on a Las Vegas land sale even though he hadn't personally owned the property for three years, property deeds show.

In the process, Reid did not disclose to Congress an earlier sale in which he transferred his land to a company created by a friend and took a financial stake in that company, according to records and interviews.

The Nevada Democrat's deal was engineered by Jay Brown, a longtime friend and former casino lawyer whose name surfaced in a major political bribery trial this summer and in other prior organized crime investigations. He's never been charged with wrongdoing _ except for a 1981 federal securities complaint that was settled out of court.

Pretty smooth of old Harry, transfer tax liability and the property to an LLc and then pocket the cash after the site is rezoned and sold. Sweet. But what does Reid say in his defense? Nothing:

Reid hung up the phone when questioned about the deal during an AP interview last week.

The senator's aides said no money changed hands in 2001 and that Reid instead got an ownership stake in Brown's company equal to the value of his land. Reid continued to pay taxes on the land and didn't disclose the deal because he considered it a "technical transfer," they said.

They also said they have no documents proving Reid's stake in the company because it was an informal understanding between friends.

Sure it was. We are to believe that the leading donk Senator would cede land to a company without any paperwork to ensure a return on his investment. Uh, OK.

I own my own business and no deals go through without paperwork regardless of who I'm dealing with.

Kent Cooper, who oversaw government disclosure reports for federal candidates for two decades in the Federal Election Commission, said Reid's failure to report the 2001 sale and his ties to Brown's company violated Senate rules.

It gets better:

Nevada land deeds show Reid and his wife first bought the property in January 1998 in a proposed subdivision created partly with federal lands transferred by the Interior Department to private developers.

Reid's two lots were never owned by the government, but the piece of land joining Reid's property to the street corner _ a key to the shopping center deal _ came from the government in 1994.

So that we are all on the same page (bad choice of words when talking of Foley, I know), the leading Democratic Senator is faced with serious ethical violations and has spoken only through his spokesperson essentially denying any wrong-doing. Clearly there are questions that need to be answered.

On the GOP side, a Representative is implicated in sending sordid e-mails and IM's to pages who may or may not have been of legal age. The actions of the congressman were disgusting but not illegal. He resigned immediately and the donks called for the resignation of the Speaker.

The media will not cover this at all costs.