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


To: Arthur Radley who wrote (278406)7/21/2002 6:48:33 AM
From: Arthur Radley  Read Replies (1) | Respond to of 769670
 
Bring a new era of integrity.....just not the kind that you and your cronies have brought to the American citizens...

Shrub the liar and croook!

"Reuters Company News
Bush was warned of Harken company troubles -report

WASHINGTON, July 21 (Reuters) - Government records show that President George W. Bush while in private business had confidential information in 1990 about financial problems facing a Texas oil company just months before he sold stock in the firm, The Washington Post reported on Sunday.



In recent weeks, Bush has been confronted with renewed questions from reporters about circumstances surrounding his sale of Harken Energy Corp. (AMEX:HEC - News) stock in 1990. Bush was an outside director of Harken at the time of the sale.

He has repeatedly responded that a Securities and Exchange Commission investigation of the transaction cleared him of any wrongdoing.

According to the Post report, documents released under the Freedom of Information Act show that four months before selling most of his Harken stock, Bush and other board members received information from management warning the company would "continue to be severely limited in our activities due to cash constraints."

The information was conveyed in a letter to Bush and his colleagues, which also said a failed deal involving a Harken subsidiary "left the company with little cash flow flexibility," the newspaper reported.

The documents were released on Friday by the Center for Public Integrity, which calls itself a nonpartisan organization that probes government and ethics issues.

Bush has brushed off recent suggestions that he ask the SEC to release all documents related to its 1991 investigation of the stock sale. "The key document said there is no case," Bush said.

The White House has also been fending off questions surrounding Vice President Dick Cheney's actions while serving as chief executive of Halliburton Co. (NYSE:HAL - News), a Texas-based oil services company.

The SEC is investigating Halliburton's procedures in accounting for cost overruns. Bush has told reporters he is confident the SEC would find Cheney did nothing wrong.

Interest in the business dealings of Bush and Cheney has grown as a wave of accounting scandals has enveloped U.S. companies in recent months, contributing to a declining U.S. stock market and stoking fears Wall Street's setbacks will hobble an economy struggling to grow.

Bush, in his weekly radio address on Saturday, called on Congress to enact legislation to increase penalties for corporate fraud and to strengthen oversight of the accounting industry. Doing so, he said, would "bring a new era of integrity to American business."



To: Arthur Radley who wrote (278406)7/21/2002 11:52:48 AM
From: greenspirit  Respond to of 769670
 
AHHHHH! It's the end of the world!! LOL



To: Arthur Radley who wrote (278406)7/21/2002 12:48:17 PM
From: bonnuss_in_austin  Respond to of 769670
 
Gretchen Morgensen: Investor Confidence Ebbs as Market Keeps Dropping

nytimes.com

bia



To: Arthur Radley who wrote (278406)7/21/2002 1:18:14 PM
From: Charles Tutt  Respond to of 769670
 
Isn't it amazing that Bush and his cronies, who preach about taking responsibility for one's actions, are running from their own responsibilities?

Charles Tutt (SM)