- President Bush last night admitted breaking the law when
he sold shares in an oil company just before it announced big losses.
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- Days ago he was condemning the ethics of corporate America
over a series of business scandals.
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- Bush's slip came when he was a Texan oilman and a director
of Harken Energy. He sold shares at four dollars each - making about £500,000.
Then a $23million loss emerged and the share price fell to one dollar.
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- Bush was obliged to promptly inform regulators of the
sale - but the second of two forms he had to complete arrived eight months
late. White House spokesman Ari Fleischer last night blamed the delay on
a "clerical mistake involving Harken lawyers".
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- The 1990 error was one of four similar incidents, says
the Center for Public Integrity watchdog. At the time, share-deal investigators
took no action on possible insider-trading.
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- Bush wanted the cash to help buy the Texas Rangers baseball
team.
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- http://www.mirror.co.uk/
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- From Aftermath News
- pjw56@hotmail.
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- See Also:
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- Harken Energy irregularities overhang Bush cleanup of
corporate America As a Texas oilman, President George W. Bush engaged in
some of the same kinds of business practices he's now promising to clean
up in response to a wave of corporate scandals. http://ca.news.yahoo.com/0207
04/6/ng3s.html
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- As stock markets plunged in the wake of US corporate
scandals both real and suspected, the US president, George Bush, has been
forced to defend his own corporate behaviour during his time as a Texas
oilman twelve years ago. Bush on back foot over corporate past... http://www.gu
ardian.co.uk/bush/story/0,7369,749028,00.html
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- As a Texas oilman, President George W. Bush engaged in
some of the same kinds of business practices he's now promising to clean
up in response to a wave of corporate scandals. Bush's business practices
resembled those he now criticizes... http://thestar.com.my/news/story.asp?file=/2002/7/4/latest/5925Bushsbu
s&sec=latest
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- Comment Bush In Business
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- By The Library
library3710@hotmail.com
7-5-2
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- It would behove "Thinking" Americans and "Conscientious"
Media to review the circumstances surrounding Junior's acquisition of the
Rangers ball club.
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- The Bush family historical activity in "Extortion"
to achieve wealth is well known. The acquisition of the ball team is no
exception.
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- A party at Junior's house with many club members present;
The individual that held "contolling interest" in the team was
there as well. After much drinking and drugging (typical of Junior's parties
at the time) everyone tripped off to the lake for some fun and games.
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- The (not to mention any names) "Star" of the
ball club was in the boat with the team's "Owner". Junior and
others were racing the Owner's boat.
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- Not knowing the lake, the Owner ran too close to the
shoreline where the docks jutted out. The boat ran under a dock at high
speed and the "Star" did not duck; He was decapitated. Although
it was definitely an accident, the following should reveal the "Type"
of individual that now sits in the most powerful political office on Earth.
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- They hustled the Owner from the scene. A cover story
was prepared. Seizing on the "Opportunity", Junior called a meeting
with the Owner a few days later. Papers were presented to "transfer"
the owner's interest in the club to Junior at an "Unheard" of
price.
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- When the Owner refused, the threat to prosecute for murder
came forth. Being the son of a "Sitting" president was the assurance
that the charges would stick. The Owner released his vested interest in
the club to Junior. The "Mere Pittance" from the "Illegal"
stock sale was used to present the "Ridiculous" sale as legitimate.
The funds were transfered to others as "Hush" money.
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- The Owner of the club actually received "No Proceeds".
All the paperwork for the transaction were "Phonied up" with
the real agreements and articles now long hidden: soon to come forth.
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