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WAPO: Hastert made $2 million profit on earmark land deal....

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Virginia Dare Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-22-06 08:32 AM
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WAPO: Hastert made $2 million profit on earmark land deal....
House Speaker J. Dennis Hastert (R-Ill.) made a $2 million profit last year on the sale of land 5 1/2 miles from a highway project that he helped to finance with targeted federal funds.

A Republican House member from California, meanwhile, received nearly double what he paid for a four-acre parcel near an Air Force base after securing $8 million for a planned freeway interchange 16 miles away. And another California GOP congressman obtained funding in last year's highway bill for street improvements near a planned residential and commercial development that he co-owns

snip

In 2002, Hastert was driving to a parade in Sycamore, Ill., when he saw a post-and-beam house he fell in love with, according to Dallas C. Ingemunson, a longtime friend and ally of Hastert's who made the land deals for the speaker.

What he really fell in love with was the money....

http://www.washingtonpost.com/wp-dyn/content/article/2006/06/21/AR2006062102210.html
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Tesla Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-22-06 08:46 AM
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1. I had someone try to give me crap cause Bill Clinton made 6 million last
year off of speeches and his book. Like it was another "Whitewater" matter.

These guys make Whitewater look like an Avon sale.
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Virginia Dare Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-22-06 08:53 AM
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2. I was thinking the same thing...
The millions of dollars that Ken Starr spent investigating Whitewater, which was child's play compared to this deal.
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