Harry Reid is now caught up in an ethics snare. Seems the Man from Nevada did a little backroom dealing to triple a land investment—all without reporting it to Congress.
The AP reports that 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."
According to the report, he transferred ownership of the property to an LLC of which he was a partner. The transfer was apparently conducted at market value, but ethics rules require members of Congress to report all sales whether they turn a profit, a loss, or a draw. Reid failed to report the transfer and three years later reaped a $1.1 million windfall on his $400,000 investment.
Guess what? Nobody cares. The Abramoff scandal barely made a dent in the public's perception other than to slightly confirm what they already knew: politicians sometimes take money to help business. This minor land swap isn't going to damage Reid unless we find out a couple hookers (preferably male and underage) were part of the deal.
Maybe next time, Karl.