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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Ted Downs who wrote (103323)12/6/2000 3:35:17 PM
From: swisstrader  Read Replies (2) | Respond to of 769667
 
Many class action suits surrounding Harken Energy...I am sure they are thankful that you are so forgiving...you may wish to reconsider based on the following:

Bush sold $848,560 worth of Harken Energy stock on June 22, 1990, just one week before the company posted spectacular losses and the stock plunged sharply. When the losses were reported to the public on August 20, 1990, the stock plummeted.

According to documents from a two year investigation by the SEC, Bush served on the board of directors of Harken Energy Corporation and his position on a special Harken committee gave him detailed knowledge of the company's deteriorating financial condition. The SEC received word of Bush's trade ten months later.

The SEC investigated but decided not to punish Bush. After all, his dad was President and all five SEC Commissioners are appointed by the President.