TPM Editors Blog

Penny for Your Thoughts

Okay, in response to the developing scandal about his sweetheart land deal with Alaska Sen. Lisa Murkowski (R), Alaska bigwig and Salmon-fishing mogul Bob Penney has claimed he didn't know the land he sold Murkowski had been appreciating so quickly.

"Word of honor, I did not know what the assessed value was," he told the ADN. "I thought it was still $120,000."

But Laura McGann has dug up testimony from only months earlier in which Penney bragged about how rapidly the land's value was going up.

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