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To: Bill Grant who wrote (17305)7/12/2002 2:50:55 PM
From: Bill  Respond to of 21057
 
Not only that but the SEC conducted a thorough review of stock performance after the so-called "inside" information was disclosed and found no change in market performance.

Obviously, that's why there were no shareholder suits.



To: Bill Grant who wrote (17305)7/12/2002 3:04:57 PM
From: Original Mad Dog  Read Replies (1) | Respond to of 21057
 
I don't think that the jury would be allowed to consider that as evidence in his favor. It was an exercise of discretion not to pursue the matter, nothing more.

The alternative is to say that ALL parties investigated by the SEC are guilty by the mere fact of investigation, since the agency does not issue letters of exoneration.

You seem to have trouble appreciating the difference between a positive and the lack of a negative. I am not saying he is guilty. I am saying that the SEC's decision not to pursue the matter does not mean he is innocent, nor does it mean the matter should be dropped. Among other things, the SEC did not hold hearing in which people who may have felt that Bush did something wrong or caused them monetary loss were invited. They simply conducted an investigation and then stopped, apparently because the resources they used initially did not find anything wrong. If a full scale proceeding on the matter had taken place, who knows what might have come out.

I happen to think he is doing a pretty good job as President, I don't want to see him brought down over this. But running and hiding from it or claiming that there was an exoneration when there wasn't only hurts his cause IMO.