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

To: jlallen who wrote (272688)	7/10/2002 3:05:51 PM
From: DuckTapeSunroof	Read Replies (2) \| Respond to of 769670

If you want to know the truth of the matter... have Bush ask the SEC to release it's files. What's he got to hide, if he did nothing wrong? But, perhaps he doesn't want any examination of his actions... although the SEC never did formally charge him (big surprise: being investigated by his own lawyer :) they did formally tell him that just because he wasn't charged doesn't mean that he should consider himself 'exonerated'. As to your post: "A group of insiders, using money borrowed from Harken itself, paid an exorbitant price for a Harken subsidiary, Aloha Petroleum. That created a $10 million phantom profit, which hid three-quarters of the company's losses in 1989. White House aides have played down the significance of this maneuver, saying $10 million isn't much, compared with recent scandals....But for Harken's stock price — and hence for Mr. Bush's personal wealth — this accounting trickery made all the difference." >>> Yeah, I guess the fraud wasn't really in Enron's or Worldcom's league... but perhaps that's only because Harkin wasn't AS BIG as those corporate 'lions'. >>> Still, $10 million fraud is $10 million dollar fraud. "Unlike the claims that Bush engaged in insider trading, which are convincingly refuted by the available evidence..." >>> LOL! 'Convincingly' my ass! Bush was on the board, and on the audit committee of the board - charged directly with approving the accounting treatment. >>> Don't you think that it's a little funny that the SEC 'investigators' NEVER INTERVIEWED A SINGLE HARKEN BOARD MEMBER? >>> Sounds real thorough to me... maybe they interviewed the janitor before giving the Vice President's son his pass....