2009-06-22wsj.com

Irish property prices have plummeted since 2002. But a "cottage" in County Galway owned by Connecticut Senator Chris Dodd has tripled in value during the same period, according to a financial disclosure form filed by the Senator this month.

There are two possible explanations for this remarkable turn of fortune. Maybe Mr. Dodd is luckier than a leprechaun. Or could it be that he paid well below the market price when he bought out a co-owner in 2002 and had undervalued the property accordingly? If it's the latter, then Mr. Dodd received a "gift," in IRS parlance, and should have declared it on his financial disclosure form that year. He did not. Oh, and by the way, the seller at that low, low price has been the business partner of a man for whom Mr. Dodd lobbied to receive a Presidential pardon.



Comments:

catherine at 16:11 2009-06-22 said:
this sounds similar to that indicted financier Rezko who bought a piece of property adjacent to NObama's Chicago house AND THEN SOLD TO HIM AT GIFT PRICES and the realtor was Blago's wife (you just can't make up these Chicago thugism stories)

or the pardon for billionaire tax evader Marc Rich from Impeached Slick Willie while WITH THE OTHER HAND accepting 1 million from MRS. RICH for his campaign and library and personal use funds................oh no nothing to do with each other

toooo BAD THE STATE RUN MEDIA DOESN'T THINK THESE THINGS ARE IMPORTANT CAUSE THEY ARE DEMOCRAT CRIMES...........

maybe DODD got a Tangelo VIP loan on the Irish property...........

isn't he a co-signer on the new bill to smash FINANCIAL FRAUD, HE AND BARNEY CLOWN FRANK................and people think I am negative when I say this isn't going to be fixed by these thieves in office............ Permalink

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