SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: E.J. Neitz Jr who wrote (53621)7/9/2002 5:59:49 PM
From: Dealer  Read Replies (2) | Respond to of 65232
 
So much on Martha, I settled on this little letter from her. :-)

anonymomma.com

Should be able to handle those license plates....all she will need is time...... :-)

dealie



To: E.J. Neitz Jr who wrote (53621)7/9/2002 11:53:59 PM
From: stockman_scott  Respond to of 65232
 
Financial questions dog 'MBA' White House

From Katty Kay in Washington
Times Online
July 09, 2002

timesonline.co.uk

PRESIDENT BUSH’S promise to crack down on corporate corruption has been hampered by the financial clouds that hang over his White House.

The Administration, which once boasted that it would bring business savvy to the Oval Office with the first Commander-in-Chief with an MBA, has struggled to shed its corporate image as a stream of Cabinet members have been forced to answer questions about their financial dealings.

The disclosure last week that Mr Bush failed to report promptly the 1990 sale of almost $850,000 (£580,000) worth of Harken Energy Corp stock has caused an outcry. Mr Bush was director of the Texas-based energy company at the time and two months after he sold the price fell by 20 per cent.

Mr Bush said initially that he had reported the sale immediately, but last week the White House admitted that he had filed it 34 weeks later than required. The Securities and Exchange Commission (SEC) investigated Mr Bush and found that he had broken the law but did not press charges. Critics suggested that it failed to act because Mr Bush’s father was President at the time.

Last night Mr Bush dismissed criticism of his business past as politically motivated. “People love to play politics. You know, you said the Democrats are going to attack me based on Harken. That’s nothing new.”

Mr Bush was still unable to clarify why the stock sale record, called a Form 4, was filed eight months later than required by federal regulations. “I still haven’t figured it out completely,” he said. “But, nevertheless the SEC fully looked into the matter . . . And the people that looked into it said there is no case.”

The odour of corporate intrigue clings closest to the Vice-President. Dick Cheney’s former company, Halliburton, which deals in oil services, is being investigated for accounting irregularities during 1998, when he was running it. Mr Cheney has not been contacted by the SEC.

In addition, Thomas White, the Army Secretary and a Bush appointee, is the subject of a federal inquiry. He was an Enron executive for 11 years and the FBI and SEC are investigating contacts with his former colleagues in the run-up to the company’s collapse.

Donald Rumsfeld, the Defence Secretary, sold $91 million in stocks to comply with ethics-in-government rules. Mr Rumsfeld complained that the sale disclosure forms were too complicated and cost him $60,000 in accountants’ fees.