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

To: Raymond Duray who wrote (270500)	7/5/2002 10:26:57 PM
From: rich4eagle	Read Replies (1) \| Respond to of 769670

Corrupt and ignorant is the right choice of words

To: Raymond Duray who wrote (270500)	7/5/2002 11:19:24 PM
From: Dr. Doktor	Read Replies (1) \| Respond to of 769670

The case was investigated by SEC no evidence of illegal insider trading. <<The SEC investigated the insider trading charges from the June 1990 sale. Though Bush, who made $848,000 two months before the company reported millions of dollars in losses, knew the company was having some problems, SEC staff wrote a memo after a year-long investigation saying, "There is insufficient evidence to establish ... [the] necessary aspects of a possible insider trading case." On the question of disclosing sale of stock by an insider, two forms must be filed, by the individual and the corporation. Bush filed his form on time, notifying the SEC of his intent to sell on the same day he sold it, but the corporation filed its papers months after the fact. "The point is, the president believed that all the forms were filled out properly by the attorneys and filed with the SEC, because he knew that he filed his form with the SEC," Fleischer said. An SEC official told Fox News that it is the individual's, not the corporation's, responsibility to make sure those forms are filed on time. In the face of recent corporate scandals, the latest being WorldCom's admission that it cooked the books to the tune of $3.8 billion in hidden losses — a situation that the president called "outrageous," Bush is calling for corporate officers to take more responsibility for the health of their company, and to take the fall when the company fails. But Democrats don't want to miss the opportunity to score points on an issue that they have admitted they want to take full advantage of during the election season. >>