Jeff Greenfield
"How did Hastert’s net worth leap from about $270,000 when he entered Congress to somewhere between $4 million and $17 million by the time he left Congress in 2007?...
“By the mid-2000s, Hastert and two partners had amassed 138 acres of farmland outside Plano, Ill., several miles from the proposed site of the Prairie Parkway, a highway connector that would have cut through the northern Illinois countryside.
‘The then-House speaker’s ownership of the property was not a public record, as it was held under a blind land trust called the Little Rock Trust No. 225 … At the time, Hastert was championing the highway, which opponents said would tear up the farming region and hasten its suburbanization.
“Hastert eventually earmarked $207 million for the $1 billion parkway project in a federal transportation bill, which then-President George W. Bush signed during a trip to Hastert’s district in August 2005.
“Four months after the bill was signed, Hastert’s trust sold the land to a real estate developer who planned to build 1,700 homes on the parcel. Hastert’s share of the proceeds was worth more than $3 million…”
Get it? Hastert becomes the single most powerful member of the House. He uses that power to earmark money for a project that vastly increases the value of land he secretly owns. This gives him the millions he will need to buy silence from some he sexually abused as a youth, thus enabling him to stay in power for years."
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