The Bush Harken Insider
Trading Story Collection
http://www.buzzflash.com
3-7-4
Don't let Bush fool you, he's as slimy a businessman as any that ran
Enron.
Harken Energy Corporation Internal Documents
October 31, 2002
"The documents the Center [for Public Integrity] has obtained do not
unambiguously resolve the question of what Bush knew about the sale of
the Aloha subsidiary."
http://www.public-i.org/dtaweb/report.asp?ReportID=
450&L1=10&L2=10&L3=0&L4=0&L5=0
Board was told of risks before Bush stock sale
October 30, 2002
"One week before George W. Bush's now-famous sale of stock in Harken
Energy Corp. in 1990, Harken was warned by its lawyers that Bush and
other members of the troubled oil company's board faced possible
insider trading risks if they unloaded their shares."
http://www.boston.com/dailyglobe2/303/nation/Board
_was_told_of_risks_before_Bush_stock_sale+.shtml
Harvard invested heavily in Harken
October 30, 2002
"Back then there was relatively little focus on one major reason for
the loss: Harvard Management's large and ill-timed bet on little-known
Harken Energy Co., whose board included George W. Bush, then the son
of the US president and now the president himself. Even as losses
mounted, Harvard Management bailed out the troubled company, first by
splitting up Harken and then by sheltering Harken's liabilities in a
partnership"
http://www.boston.com/dailyglobe2/303/nation/
Harvard_invested_heavily_in_Harken+.shtml
Bush Oil Firm Did Enron-Style Deal - Report
October 9, 2002
"President Bush's former oil firm formed a partnership with Harvard
University that concealed the company's financial woes and may have
misled investors, a student and alumni group said in a report on
Wednesday."
http://story.news.yahoo.com/news?tmpl=story&
u=/nm/20021009/bs_nm/bush_harvard_dc_6
Memos: Bush knew of Harken's problems
July 12, 2002
"When President Bush sold more than 200,000 shares in Harken Energy
Corp. in June 1990, he said he did not know the company was in bad
financial shape. But memos from the company show in great detail that
he was apprised of how badly the company's fortunes were failing
before he sold his stock -- and that he was warned by company lawyers
against selling stock based on insider information."
http://www.salon.com/politics/feature/
2002/07/12/harken/index_np.html?x
Bush: Don't do as I did. President's proposals would bar type of loans
he got from Harken Energy
July 11, 2002
"President Bush borrowed money from oil company Harken Energy Corp.
while he was a member of its board, a practice he condemned this week
as part of his plan to curb corporate abuse and fraud, the White House
acknowledged Thursday."
http://money.cnn.com/2002/07/11/news/bush_loan/
Bush and Harken Energy
July 10, 2002
"Although the law requires prompt disclosure of what are called
insider sales, or sales by senior executives, Mr Bush did not inform
the securities and exchange commission (SEC), the US market regulator,
until 34 weeks later. So technically Mr Bush was at fault."
http://www.guardian.co.uk/bush/story/0,7369,752706,00.html
Bush and Lay: A Common Pattern of Stock Dumps?
February 2, 2002
"In June of 1990, Bush sold two-thirds of the Harken stock he had
received in the Spectrum 7 deal--and collected $318,430 more than it
was worth when he first obtained it. Get low, sell high? Anything
wrong with that? The month before this sale, Harken appointed Bush to
a committee to determine, as Ivins and Dubose put it, "how
restructuring [of the firm] would affect ordinary shareholders."
According to Ivins and Dubose, who note the previous reporting work of
"U.S. News and World Report," when Bush served on this committee, he
was privy to information indicating the company was in trouble. He
then dumped his stocks before this news became public. "U.S. News"
concluded that at the time of the sale there was "substantial evidence
to suggest that Bush knew Harken was in dire straits.""
http://www.thenation.com/capitalgames/
index.mhtml?bid=3&pid=11
Bush Name Helps Fuel Oil Dealings
July 30, 1999
"By the end of September 1986, the deal was done. Harken assumed $3.1
million in debts and swapped $2.2 million of its stock for a company
that was hemorrhaging money, though it had oil and gas reserves
projected to produce $4 million in future net revenue. Harken, a firm
that liked to attach itself to stars, had also acquired Bush, whom it
used not as an operating manager but as a high-profile board member."
http://www.washingtonpost.com/wp-
srv/politics/campaigns/wh2000/stories/bush073099.htm
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