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


To: jlallen who wrote (271775)7/9/2002 9:43:13 AM
From: G_Barr  Read Replies (2) | Respond to of 769670
 
Wrong. The incident was investigated.

You and the right wing media can try saying this over and over but no one with a brain thinks that an investigation by his father SEC department with W's personal lawyer as general counsel is an investigation especially when the letter sent to Bush only said that his father's SEC decided to take no action but expressly stated that they were not exonerating him and reserved the right to prosecute him at any time.



To: jlallen who wrote (271775)7/9/2002 1:38:58 PM
From: DuckTapeSunroof  Read Replies (2) | Respond to of 769670
 
Negative. A 'case was made' by the SEC, and Harkin was ordered to restate their earnings.

'Selling' property to a phony subsidiary made of of Harkin insiders (at wildly inflated prices), and 'loaning' the insiders Harkin money to 'pay' for the purchase allowed Harkin to phony up their financial statements because Harken declared the sale as a big profit. It allowed them to hide over $10 million in losses and defraud public investors.

This is EXACTLY the same phony partnership strategy that Enron used to defraud the public.

Hell, perhaps Harkin pioneered some of the 'books cooking' techniques that Enron and other energy industry companies later exploited....