Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Knighty Tin who wrote (29147)	5/2/2005 11:56:03 AM
From: RealMuLan	Read Replies (2) of 116555

Thanks, 9/10, good catch<g> >>So, who wanted to buy Bush's high risk Harken stock? In 1990, when George W. Bush was on the board of directors at Harken, he was told that the company was going under. He sold over 200,000 shares of Harken stock weeks before the value plummeted. The overall gain was $848,560; roughly $600,000 of this went towards buying a piece of the Texas Rangers. So, who doled out $850k for a company that could potentially go under at any point directly after the sale? A search of company memos returned only one name, and they can't be sure to whom or what it refers- naturally, the name is "Lee." << utwatch.org

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