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Wow. Bush does an Enron

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  • 03-07-2002 1:20pm
    #1
    Registered Users Posts: 21,264 ✭✭✭✭


    http://www.washingtonpost.com/wp-dyn/articles/A16302-2002Jul2.html
    Charles Lewis, founder of the Center for Public Integrity, said the memo shows the nation has a president "whose company has been under investigation by the SEC, who has been involved one way or another in controversial transactions."

    The memo said Bush sold 212,140 shares of Harken stock on June 22, 1990, for $848,560, before Harken's announcement on Aug. 20, 1990, that it had lost $23.2 million in the quarter ending June 30. The SEC said the announcement caused Harken's stock to drop by more than 20 percent, and called Bush's stock sale a "matter under inquiry."


Comments

  • Banned (with Prison Access) Posts: 16,659 ✭✭✭✭dahamsta


    Are we going to have some more Whitewater fun? :)

    adam


  • Registered Users Posts: 1,411 ✭✭✭shotamoose


    I believe the SEC carried out a full investigation at the time, found Bush to have broken the law, and took no action. The system works :rolleyes:


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