Harry Reid's Financials

MSNBC and the AP are reporting on Harry Reid's own land woes and his other convoluted financial statements. According to the story, he devalued 160 acres of property he owns in Arizona.  From the story:

The annual form, released by his office Wednesday, assigns a value of $250,001-$500,000 to the property in Bullhead City near the Nevada-Arizona border. In years past, Reid valued the property at $500,001-$1 million.

A Los Angeles Times story earlier this year questioned how Reid acquired full control of the property. The story noted that Reid had owned it jointly with a pension fund until 2002 when he paid $10,000 for the equivalent of 60 acres - less than one-tenth the assessed value of the property at the time - and got full control.

It kind of brings new meaning to the phrase: "Fuzzy Math." More from the story:

On another financial disclosure issue, Reid has not yet filed revised financial disclosure forms with the secretary of the Senate to account more fully for a Las Vegas land deal that allowed him to collect $1.1 million for property he hadn't personally owned in three years.

Well, it's nice to know that the Democrat leadership has such honest, upstanding citizens at the helm.  Message to Democrats: Those who live in glass house should not throw stones.

For the whole story go to : http://www.msnbc.msn.com/id/18716420/

Posted by Brett