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


To: rich4eagle who wrote (270506)7/5/2002 11:12:04 PM
From: Raymond Duray  Read Replies (1) | Respond to of 769667
 
BALTO SUN: "UNSAVORY AROMA FROM TEXAS" - THE SHRUB SWINDLE SAGA SIMMERS & SHIMMERS IN THE SUMMER SUN - ROAST BUSH? OR BBQed?

rich4eagle,

America is starting to get it. King George is a CROOK!

sunspot.net

Unsavory in Texas - July 5, 2002

LOOK WHAT'S come back to bite President Bush. A stock deal that looked very much like insider trading, and that netted the future president $848,560 when it took place in 1990, is suddenly in the news -- again.
It has never hurt him in the past. It has come up in one campaign after another, and voters just never got excited about something as arcane as insider trading. It never had any traction. With the economy booming, it just never looked like an issue.

But it sure does now.

Twelve years ago, before he got into politics, George W. Bush was sitting on the board of directors of a company called Harken Energy -- a post he got largely through the magic of his name -- and after receiving memos warning that big trouble was brewing, he unloaded a large chunk of stocks just weeks before the share price tanked. If he was acting on the basis of information not available to the public, he was breaking the law.

Mr. Bush waited eight months past the deadline before filing the required documents. This week he blamed his lawyers for the delay. The Securities and Exchange Commission investigated the deal, but closed the case without taking any action.

The president has been very stern recently about bad actors in the corporate world -- and in the past year there have been plenty of them. He has proposed a new set of standards for business that would tighten the rules on audits and hold executives more accountable when things go wrong. That's fine, a skeptic might point out: He already got his.

As a young businessman, Mr. Bush ran an oil company that went deep into the financial mire, and it would have expired if he hadn't been bailed out, several times, by his father's friends. Finally, his firm was taken over by Harken, and he was rewarded with a consulting contract, $300,000 worth of stock and a seat on the board.

He was a member of Harken's audit committee, but he says that despite the memos he was given he had no idea that financial problems were threatening the company. If he had known, he says, he never would have sold all that stock in June 1990. [[RD: THIS IS A HYSTERICALLY FUNNY LIE!!]]

Interestingly, Mr. Bush said he had to sell his Harken stake to pay back money he had borrowed when he became a partner in the Texas Rangers. As a partner he was essentially a local figurehead. But again there's that magic name. When he later sold his Rangers share, it brought him $18 million.

In other words: He parlayed a failing company into stock in another company that he bailed out of just before it, too, began to fail; he used the proceeds to support his minimal investment in a baseball team that he eventually cashed in for $18 million. Where do we get in line for that kind of work?

None of this before ever stuck to him. But Americans are starting to get a better feel for just how rancid the system can be. Pals, connections, inside dope, duplicity and political pull characterize an unsavory corner of the business world -- and the president was very much a part of it. The SEC's chief during the time it was investigating him had been a friend of his father, and the agency's general counsel, James R. Doty, had been the lawyer who arranged the sale of the Rangers to Mr. Bush's partnership in 1989. It's only the suckers who get taken.

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SPOTTED AT ONE OF THE WEB MOST HONEST SITES:

buzzflash.com



To: rich4eagle who wrote (270506)7/6/2002 12:55:23 AM
From: Raymond Duray  Read Replies (2) | Respond to of 769667
 
THE REVOLUTION WILL NOT BE TELEVISED

Re: Message 17699371

Thanks for the rare treat of having you two back-and-forthing from HK to KP(?) with nary an "ugly American" in sight. Let me crash the party. Please.

Re: Diana Krall’s jazz and Bossa Nova’s soothing sounds of Brazil on continuous looped play.

Here's a new and talented artist you might want to get to know:

kksf.com

To put it politely, you can go to norahjones.com

and screw RIAA. It's a good thing:

salon.com

Have you heard about the artist rebellion going on in the U.S.A.?

Don Henley, Cheryl Crowe, lots of other artists tired of being indentured servants of rapacious labels. Developing...... as Matt Drudge likes to tease........

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Re: Starbucks Iced coffee

One of my favorite local coffee shops here in Bend, OR has a sign in their front window. "FRIENDS DON'T LET FRIENDS DRINK STARBUCKS".

Jay, you are a traitor to Selva and the wonderful vendor of some of the world's best coffees in Sumatra, Sulawesi and Java. Why you support a fascist in Seattle is beyond my comprehension.

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Re: who has been lied to, conned, and now transformed into a financial refugee,

You bought the Starbucks, after all.... Think about the stupidity of consumers allowing deceitful hucksters to control their minds via propaganda machines like the Ad Council.

But don't feel alone. Everyone is being deceived by the corporate fascists:

gregpalast.com

WTO's deceit:
gregpalast.com

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Re: I intend to decrease USD, increase CAN dollar,

You are slow-witted. This was done a couple of month ago by Senator Peter Fitzgerald (R. Illinois), a lawyer who serves "honorably" on the U.S. Senate Banking Committee. He moved about USD 20 MM out of his country's assets and into Canadian assets. While waving the flag. Up your ass and mine.

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Re: <<I think central banks are too big a guerilla factor in this, so individual investors can't go against their constant, persistent intervention>>

The obscene PPT intervention today is like the "crazy aunt in the attic". I've brought up the "Through the Looking Glass" absurdity and melodrama of their desperation on other threads and only the cognoscenti admit it in PMs. This market stinks. It's a contrivance that makes Verdi's "Rigoletto" look like sane public policy.

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Re: … while there are not many reasons to think that an attack bigger than Sept 11 will succeed if launched,

You are a fool to think that. Bush can and will do so if he sees the least opportunity to pull it off. He's in desperate straits as far as his elective mandate. However, as is perfectly clear, he dismisses democracy as a nuisance.

gregpalast.com

Bush will go beyond his twinkie moves on St. Valentine's Day:
cnn.com

and blow away a few thousand more expendibles if it serves his purposes. A major "terrorist" attack in Washington would be extremely beneficial to Bush and the fascists. They could instantly declare martial law and give up on the present charade. And it would instantly squelch the damn nuisance about his Harken Oil insider trade scandal.

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Re: <<By the way, there does not seem to be any crisis mindset among any of the people I've talked to in the last 40 odd hours>>

I have a couple siblings like that. They don't recall they lived through the Viet Nam War.

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THIS IS IMPORTANT: A JOAN D'ARC OF OUR AGE

amazon.com

Ms. Hertz is awesome. Smart, honest, a democrat. We need more like her. She's gotten her taste of tear gas recently in Genoa. She's a couple decades late in that experience. Compared to me.

The face of fascism is showing its ugly heart. The world needs more honest and intelligent democrats like Noreena Hertz. We don't need more fascists like King George to ruin our world.

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The horrors that Hertz fights:

pbs.org

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We're getting angry, we're getting very angry.

THE REVOLUTION WILL NOT BE TELEVISED