Montana Politics

Representative Rehberg’s Financial Woes Continue

I actually hoped to go a full 48 hours without writing or thinking about Representative Rehberg, but today’s story in Roll Call made that absolutely impossible. Somehow, Representative Rehberg has decided that his land in Yellowstone County is worth 80% less than it was just last year:

Rep. Denny Rehberg’s fortunes plummeted by more than 80 percent in 2010, according to newly released financial disclosure forms, as the Montana lawmaker devalued ranch land damaged in a 2008 wildfire.
The Republican lawmaker — who has announced he is running for Senate — reported sharp reductions in the minimum value of his two largest assets, Rehberg Ranch and Rehberg Ranch Land and Livestock, which had been listed at a minimum worth of $5 million each in 2009.
In his newest report, Rehberg lists the minimum values of Rehberg Ranch at $1 million and Rehberg Ranch Land and Livestock at $500,000.

To be clear, Rehberg is claiming that a fire on undeveloped land which took place BEFORE his 2009 financial disclosure forms were submitted and a downturn in the real estate market caused the value of the land he owns to drop by 80%. That must have been one hell of a fire.

Assuming that other real estate in the Billings area hasn’t seen an 80% reduction in value (something I assume we would have heard mention of), the obvious implication is that the Rehbergs plan to collect big dollars from the city of Billings and its Fire Department in their frivolous lawsuit.

From my vantage point, it looks a lot like someone who decided to sell his family’s legacy for a quick buck during the real estate boom and now wants the taxpayers of Billings to bail him out for his mistakes.

Remember what Rehberg said when he cast his politically-motivated vote against the Wall Street bailout? He told the Flathead Beacon:

“Are we asking the general taxpayer to solve an issue that was created by someone else?” Rehberg, Montana’s lone congressman, asked in a conference call with reporters. “I looked at the legislation; I came to the conclusion ‘yes’.”

It seems like it takes a special kind of hypocrite to come asking the taxpayers to bail him out of his own failure.

Update: Montana Cowgirl has the financial reports posted.

If you look at Rehberg’s latest 2010 Personal Financial Disclosure compared to the one he filed in 2009 you’ll find that the corporate entity known as “Rehberg Ranch Land & Livestock” dropped from a minimum value of $5 million to maximum value of $1 million.

Here’s the problem,  the only corporation filing for fire damages in the lawsuit is Rehberg Ranch, LLC – that’s a different company than Rehberg Ranch, Land, & Livestock LLC.

If you appreciate an independent voice holding Montana politicians accountable and informing voters, and you can throw a few dollars a month our way, we would certainly appreciate it.


Click here to post a comment

Please enter an e-mail address

  • Discovering this internet site created all of the work I did to find it appear like absolutely nothing. The reason being that this is such an informative post. I wanted to thank you for this special read of the topic. I surely savored every small bit of it and I’ve you bookmarked to have a look at new stuff you post.

  • Wow! I’m genuinely enjoying the design and style of your blog. Are you using a custom made theme or is this readily available to all users? If you do not want to say the name of it out in the general public, please email me at: [email protected]. I’d absolutely love to get my hands on this theme! Appreciate it.

  • We prefered to stop in as well as extend you men the possibility to pay a visit to our web site so that you can check into our outstanding service. Our staff as well as customer support team happen to be unbelievable as well as we understand that we can easily fit your needs. Our capacities are considerably higher than our rivals as well as wish to watch you do well by having us on your side. If there happens to be anything we can do, satisfy let us realize. 100 % client peace of mind is our number one end goal.

  • We needed to stop in as well as furnish you guys the opportunity to check out our web site so that you can easily watch our spectacular service. Our staff as well as client support group happen to be astonishing and we recognize that we have the ability to fit your needs. Our abilities happen to be a lot higher than our rivals as well as desire to watch you flourish by having us on your side. If there is just about anything we can do, gratify let us recognize. 100 % client contentment happens to be our number one aim.

Support Our Work!

Don Pogreba

Don Pogreba is an eighteen-year teacher of English, former debate coach, and loyal, if often sad, fan of the San Diego Padres and Portland Timbers. He spends far too many hours of his life working at school and on his small business, Big Sky Debate.
His work has appeared in Politico and Rewire.
In the past few years, travel has become a priority, whether it's a road trip to some little town in Montana or a museum of culture in Ísafjörður, Iceland.

Subscribe Via E-mail


What Industry Will Republicans Prop Up with Corporate Welfare Next?

Follow us on Twitter

0 /* ]]> */