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How Did Harry Reid Get Rich?
NRO ^ | 15 aug 2012

Posted on 08/15/2012 6:47:10 AM PDT by rellimpank

Try this thought experiment. Imagine that someone grows up in poverty, works his way through law school by holding the night shift as a Capitol Hill policeman, and spends all but two years of his career as a public servant. Now imagine that this person’s current salary — and he’s at the top of his game — is $193,400. You probably wouldn’t expect him to have millions in stocks, bonds, and real estate.

But, surprise, he does, if he’s our Senate majority leader, whose net worth is between 3 and 10 million dollars, according to OpenSecrets.org. When Harry Reid entered the Nevada legislature in 1982, his net worth was listed as between $1 million and $1.5 million “or more,” according to the Las Vegas Review-Journal. So, since inquiring minds inquire, let’s try to figure out how Reid’s career in public service ended up being so lucrative

(Excerpt) Read more at nationalreview.com ...


TOPICS: Constitution/Conservatism; Crime/Corruption; Government; News/Current Events
KEYWORDS: nevada; reid; senate

1 posted on 08/15/2012 6:47:14 AM PDT by rellimpank
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To: rellimpank

Crony capitalism, pay to play Poster child.


2 posted on 08/15/2012 6:52:36 AM PDT by SueRae (See it? Hell, I can TASTE November from my house!)
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To: rellimpank

While we are on the subject, how did Barry Obama and Nancy Pelosi get rich?


3 posted on 08/15/2012 6:53:07 AM PDT by Bubba_Leroy (The Obamanation Continues)
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To: rellimpank

Lying, Cheating, Stealing.....


4 posted on 08/15/2012 6:53:46 AM PDT by mongo141 (Revolution ver. 2.0, just a matter of when, not a matter of if!)
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To: rellimpank

Did he use S & H Green Stamps?

Or did he trade on inside information, as did hundreds of members of Congress?

Did you think he took bribes disguised as campaign contributions?


5 posted on 08/15/2012 6:54:48 AM PDT by RexBeach (Mr. Obama Can't Count.)
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To: mongo141
Lying, Cheating, Stealing.....

GASP! Surely not! This is a Democrat politician we are talking about.

Reid must have simply won life's lottery. I am sure that he will be giving all of his winnings to the government to redistribute to the poor any day now.

6 posted on 08/15/2012 6:57:24 AM PDT by Bubba_Leroy (The Obamanation Continues)
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To: rellimpank

The man is a criminal. Through and through. Just like Nancy Pelosi and most of the Dem party leadership.


7 posted on 08/15/2012 7:05:33 AM PDT by sappy (criminaldems)
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To: rellimpank
How did I Gore get $100M the first 4 years after he was vice president?
8 posted on 08/15/2012 7:06:06 AM PDT by mountainlion (I am voting for Sarah after getting screwed again by the DC Thugs.)
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To: rellimpank

Betsy’s article is just the opening shot. I wrote Harry Reid’s on;y biography and trust me, he has been on the take since the early 70s. The amount of corruption is unbelievable.
http://www.futurnamics.com/reid.php


9 posted on 08/15/2012 7:14:01 AM PDT by DaxtonBrown (http://www.futurnamics.com/reid.php)
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To: rellimpank

Reid is going to wish he’d kept his mouth shut.


10 posted on 08/15/2012 7:15:16 AM PDT by snowrip (Liberal? You are a socialist idiot with no rational argument.)
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To: DaxtonBrown
Frank Rosenthal, played by Robert DeNiro in 1995's Casino, thought he was crooked. Reid was played in the movie by Dick Smothers, but given a different name, but with Reid's initials.
11 posted on 08/15/2012 7:16:46 AM PDT by exit82 (Pass the word: Obama is a FAILURE!! Democrats are the enemies of freedom!)
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To: rellimpank

Chairman of the Nevada Gamming Commission...

mob connections?

‘nuff said


12 posted on 08/15/2012 7:20:25 AM PDT by smokingfrog ( sleep with one eye open (<o> ---)
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To: rellimpank
Snip:
So, since inquiring minds inquire, let’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.


How about it Harry. Where are your tax returns?
13 posted on 08/15/2012 7:25:05 AM PDT by RedMDer (https://support.woundedwarriorproject.org/default.aspx?tsid=93destr)
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Support Free Republic

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14 posted on 08/15/2012 7:26:07 AM PDT by RedMDer (https://support.woundedwarriorproject.org/default.aspx?tsid=93destr)
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To: rellimpank

Harry Reid got rich pandering (selling out) to what ever group he needed to pander to at any given time. He has no moral compass! none!

Harry Reid: illegal aliens “free loaders and scam artists”

OH! THE IRONY!
...

“Reid, now an impassioned champion of amnesty for 20 million illegal aliens in America, once called illegal aliens “free loaders and scam artists” which he proposed to deal with in his Immigration Stabilization Act in the United States Senate in 1993.
That proposed legislation was introduced to the floor of the US Senate with the following press release, in part, issued by Reid’s office on August 5, 1993.
“In response to increased terrorism and abuse of social programs by aliens, (I) today introduced the first and only comprehensive immigration reform bill in Congress. Currently, an alien living illegally in the United States often pays no taxes but receives unemployment, welfare, free medical care, and other federal benefits. Recent terrorist acts, including the World Trade Center bombing, have underscored the need to keep violent criminals out of the country.”
http://towncriernews.blogspot.com/search?q=Harry+Reid


15 posted on 08/15/2012 7:27:05 AM PDT by AuntB (Illegal immigration is simply more "share the wealth" socialism and a CRIME not a race!)
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To: rellimpank
Reid ran one of the largest child prostitution/porn rings in the world and grifted money out of the Mafia while a member of the Nevada Gaming Commission.

Prove me wrong DUmmie lurkers.

16 posted on 08/15/2012 7:27:18 AM PDT by rollo tomasi (Working hard to pay for deadbeats and corrupt politicians)
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To: rellimpank

His net worth on entering politics FIFTY YEARS AGO has increased 200-1000%. To go from 1M to 8M (800%) in 50 years would only require a doubling every 17 years, which would be possible in any savings account with a mere 2.5% rate (a bit more factoring in taxes). Hardly a worthwhile argument for corruption there.


17 posted on 08/15/2012 7:27:34 AM PDT by dagogo redux (A whiff of primitive spirits in the air, harbingers of an impending descent into the feral.)
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To: dagogo redux
His net worth on entering politics FIFTY YEARS AGO has increased 200-1000%.

Better check your math. According to the article, his net worth was $1M in 1982. That was THIRTY YEARS AGO not FIFTY YEARS AGO. To go from $1M to $8M in 30 years would require that his savings double in value ever ten years.

Do you know anyone whose savings have doubled every ten years for the past 30 years? Do you know anyone whose savings have doubled in the past 10 years? I don't. I would be happy if my net worth had even increased in the past 10 years.

Of course, maybe Reid is just a phenomenally good investor. He should release all of his tax returns for the past 30 years so we can see.

18 posted on 08/15/2012 7:43:02 AM PDT by Bubba_Leroy (The Obamanation Continues)
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To: dagogo redux

Where did he get that $1 million in the first place being on the gaming commission?


19 posted on 08/15/2012 7:54:59 AM PDT by CodeToad (Anticipate their arrival...they won't.)
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To: rellimpank

Well one thing is for sure: ‘He didn’t earn that’!!


20 posted on 08/15/2012 8:06:55 AM PDT by penelopesire (TIME FOR A SPECIAL PROSECUTOR!)
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To: mongo141

Oh but he is a great neighbor. All members of his faith are just such nice people!


21 posted on 08/15/2012 8:10:00 AM PDT by colorcountry (The gospel will transform our politics, not vice versa (Romans 12:1,2))
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To: Bubba_Leroy

Do you know anyone whose savings have doubled every ten years for the past 30 years?


7% annual return over the past 30 years is pretty uncontroversial.

The Dow was at about 800 30 years ago, and is 15x that today.


22 posted on 08/15/2012 8:14:05 AM PDT by Atlas Sneezed (Hold My Beer and Watch This!)
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To: rellimpank

Dirty Harry Reid: The Mafia's "Mr. Clean Face" on the Nevada Gaming Commission

Reid is so mobbed up that he's a walking, talking blackmail puppet. Axlerod could order him to strip naked on the Senate floor and tar and feather himself and he would do so instantly.

Read Freeper Fedora's excellent investigative thread to understand this human slimeball, and why he is willing to be a tool in this libel campaign: he has NO CHOICE. He is a Mafia and Chicago Rat Mob puppet.

Mr. Cleanface’s Dirty Laundry: Harry Reid’s Mob Money. (Original FReeper research 01/20/2006 by Fedora)

Dirty Harry Reid Got $1.1M In Shady NV Land Deals: one example of how it was done.

Dirty Harry Reid is so well known as a Mafia puppet, that he was featured in the movie Casino as "Harrison Roberts."


23 posted on 08/15/2012 8:41:03 AM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: rellimpank

Harry Reid prospered as being the US Senator who made sure the guys and cabals who run the lucrative Las Vegas gambling and recreation (whores, drugs, money laundering, etc.) action got the deals and tax preferences they wanted in D.C.


24 posted on 08/15/2012 9:36:12 AM PDT by RicocheT (Eat the rich only if you're certain it's your last meal)
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To: Bubba_Leroy

You are right - my bad - not enough coffee at that point in the day. :)

AND YET - 7% annual rate of return when invested over that time frame (rather than savings) is still a piece of cake. Heck, if he had merely put it in a DRIP with MO over that time span he’d have MANY times that return.

I think people who cast aspersions about corruption ought to have a heck of a lot better evidence than 1 - 1.5M increasing to 3-10M over 30 years! That sort of slander is the domain of the Left, and I’m surprised to see someone try to use it here. That’s my point, and I’m sticking by it.


25 posted on 08/15/2012 10:03:15 AM PDT by dagogo redux (A whiff of primitive spirits in the air, harbingers of an impending descent into the feral.)
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To: rellimpank

You can justifiably ask this question concerning just about any politician.

An awful lot of them get “help”.


26 posted on 08/15/2012 11:06:44 AM PDT by Sequoyah101 (Half the people are below average, they voted for oblabla.)
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To: exit82

Frank Rosenthall was represented both by mob mayor Oscar Goodman and more interestingly by Harry Reid’s admitted best friend, Jay Brown. Rosenthal though Brown was a POS too. Brown has had a good career in part by representing titty bars.


27 posted on 08/16/2012 3:06:19 PM PDT by DaxtonBrown (http://www.futurnamics.com/reid.php)
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