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Pastimes : THE SLIGHTLY MODERATED BOXING RING

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To: jlallen who wrote (17337)	7/13/2002 11:16:49 AM
From: E	Read Replies (2) of 21057

I hope you're having a fun weekend. (I myself have other plans.) I suppose that, if this report from Salon is true, this is why the SEC made sure no one would think Bush had been exonerated (as the Dallas Morning News says, quoting the SEC letter I haven't seen personally but the WH has not denied existed.) This is only part of the report because I'm not signed up. I assume we'll be hearing more. I wonder if Bush will be questioned under oath. That sort of thing is not good for the country, of course. I suppose the dems won't care, though.................... Memos: Bush knew of Harken's problems Contrary to the president's statements, company memos show he knew the firm was headed for trouble. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - By Anthony York July 12, 2002 \| WASHINGTON -- When President Bush sold more than 200,000 shares in Harken Energy Corp. in June 1990, he said he did not know the company was in bad financial shape. But memos from the company show in great detail that he was apprised of how badly the company's fortunes were failing before he sold his stock -- and that he was warned by company lawyers against selling stock based on insider information. Less than two months after Bush sold his stock, Harken announced a $23.2 million loss for the second quarter of 1990. Bush maintains he did not know Harken was going to report the loss and thought he was "selling into good news, not bad," as close Bush advisor Karen Hughes told the American Prospect in 1999, pointing to the announcement of a new drilling contract in the Middle East island nation of Bahrain. White House spokesman Dan Bartlett reprised the "good news" argument in an interview with the New York Times on Wednesday. salon.com

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