Nice to see the corrupt and bloated Dennis Hastert cash in on a $2 Million profit on a land deal in Illinois made possible by the highway bill he had drawn up and passed.
Throw the bums out. All of 'em. Let's start over in 2006. This bunch stinks. And I think there should be an investigation of every member of Congress's land and house deals over the past five years. There's gotta be more Hastert and Cunningham deals out there. Jail time awaits so many.
Speaker of the House Dennis Hastert (R-IL) realized an estimated $2 million dollar profit last year on an Illinois land deal that included acreage near a future interstate highway Hastert pushed to build.
The land was sold just five months after Hastert inserted a $207 million appropriation bill for the Prairie Parkway highway during a closed-door Congressional budget conference.
The deal, representing a 300 per cent return on investment, was reported in Hastert's financial disclosure form filed this week, although the role of a secret trust set up by Hastert to sell the land was not disclosed.
A spokesman for Hastert, Ron Bonjean, confirmed the details, which were first reported by Bill Allison of the Sunlight Foundation, an on-line political watchdog group. The Speaker's spokesman said land in the Plano, Illinois area is "booming," and the future highway had no impact on the price.
June 16, 2006
The corrupt and bloated Dennis Hastert enriches himself by $2,000,000 on land deal tied to highway bill
Posted by blogger at 6/16/2006