An update on the article the other day about Rep. Cunningham selling his house for an inflated fee to a defense contractor who Cunningham helped win contracts. It turns out that the realtor who set the price is a Cunningham contributor. She also closed the deal on his new 2.5 million dollar home, and as well sold the home for the defense contractor who ultimately sold the house for a $700,000 loss.
"Said San Diego Realtor Christian Peter: "In November 2003, property values increased approximately 20 percent on a year-to-year basis in San Diego County. A $700,000 loss would be unheard of, and anyone who bought property in 2003 and held onto it for any period of time should have made a significant amount of profit."
Of course due to DeLay's ethics issues the GOP has the House ethics committee tied up right now, so there isn't much chance of this being investigated. Convenient isn't it?
Wednesday, June 15, 2005
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