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Non-Tech : The ENRON Scandal

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To: Baldur Fjvlnisson who wrote (4266)	7/26/2002 10:03:52 PM
From: Mephisto	of 5185

[ Bush and sale of Harken Stock] "But the Harken story still has more to teach us, because the S.E.C. investigation into Mr. Bush's stock sale is a perfect illustration of why his tough talk won't scare well-connected malefactors. Mr. Bush claims that he was "vetted" by the S.E.C. In fact, the agency's investigation was peculiarly perfunctory. It somehow decided that Mr. Bush's perfectly timed stock sale did not reflect inside information without interviewing him, or any other members of Harken's board. Maybe top officials at the S.E.C. felt they already knew enough about Mr. Bush: his father, the president, had appointed a good friend as S.E.C. chairman. And the general counsel, who would normally make decisions about legal action, had previously been George W. Bush's personal lawyer - he negotiated the purchase of the Texas Rangers. I am not making this up." The above is an excerpt from the article, " The Insider Game" by Paul Krugman , The New York Times July 12, 2002 nytimes.com

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