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

To: Raymond Duray who wrote (270493)	7/5/2002 10:16:31 PM
From: rich4eagle	Read Replies (1) \| Respond to of 769670

White is just an ordinary terrorist criminal and should be held "detained" and welcome back BIA we have a lot of work to do, eh Ray

To: Raymond Duray who wrote (270493)	7/5/2002 10:57:12 PM
From: bonnuss_in_austin	Read Replies (1) \| Respond to of 769670

No SEC Questions Yet for Cheney By Sandra Sobieraj Associated Press Writer \| Washington Post Monday, 1 July, 2002 WASHINGTON -- Vice President Dick Cheney, who ran Halliburton Co. when it adopted accounting practices that now are the subject of a federal inquiry, has not been contacted by Securities and Exchange Commission investigators. The investigation of Halliburton is more than one month old and SEC Chairman Harvey Pitt said over the weekend that Cheney is not immune to inquiries. But vice presidential spokeswoman Jennifer Millerwise said Monday the agency has not approached Cheney for an interview or documentation. Asked if he was prepared to cooperate in the investigation, Millerwise replied, "I'm not going to speculate on what the SEC will or will not do." SEC spokeswoman Christi Harlan declined comment. Cheney was chairman and chief executive of the oil field-services giant from 1995 to 2000. The company announced on May 28 that it had received notice from the SEC that the commission was looking into Halliburton's accounting methods adopted in 1998 for reporting cost overruns on construction jobs. In response to questions about whether Cheney knew about the accounting changes when they were adopted, Millerwise said Monday, "If you have a question about Halliburton, I suggest you call Halliburton." A Halliburton spokeswoman said she didn't know whether Cheney knew of the change. His successor at Halliburton's helm, David Lesar, was out of the country and could not be reached for comment. Halliburton is the latest energy and technology company to be investigated by the Securities and Exchange Commission since energy trader Enron Corp. collapsed amid accounting questions. President Bush is eager to blunt political fallout from the recent rash of corporate scandals and to contain the economic turbulence. On Monday the president renewed his message to corporate miscreants. "I intend to fully enforce the law when people cheat on the balance sheets of corporate America," Bush told an audience in Cleveland. Pitt has made clear that the administration's stand applies to Halliburton. "We don't give anyone a pass. If anybody violates the law, we go after them," the SEC chief said Sunday on ABC. Halliburton officials have said they believe the SEC investigation was prompted by a New York Times article May 22, which reported that the company altered its accounting policy in 1998 to start booking revenue from cost overruns in big construction projects before customers agreed to pay the excess costs. Last month, chief financial officer Douglas Foshee told The New York Times he could not imagine that Cheney had specifically approved the change, which he called "a routine decision dictated by a shift in Halliburton's business mix." He did not directly address the question of whether Cheney knew about the change, however. Before 1998, the company had been more conservative, reporting such revenue only after settling with customers. Shares of Halliburton were down 78 cents, or more than 4.8 percent, to close at $15.16 in trading Monday on the New York Stock Exchange. (In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.) Print This Story E-mail This Story © : t r u t h o u t 2002 ---------------------------------------------------- PS: Ray: do you mean that I can't call 'JEB' a 'stupid f*ck' anymore? Oh, woe.... -g- bia