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Bush's Insider Connections Preceded Huge Profit On Stock Deal

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G_j Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-10-04 09:50 AM
Original message
Bush's Insider Connections Preceded Huge Profit On Stock Deal
Bush's Insider Trading

http://www.truthout.org/docs_04/030904A.shtml

Truthout:Editors Note: Martha Stewart may be heading to prison because she sold stock after learning that a company was failing for a reason that was out of her and other company officials control. Martha Stewarts Company was playing by the rules, a product they invested a lot of money in failed to be certified as safe by the Government so they knew the stock would fall. If the following allegations are true, George Bush's profit was due to underhanded accounting practices inflating the value of the stock, before selling at a huge profit. Who should be in jail? Martha Stewart for selling before her stock tanked for legitimate reasons? Or George Bush for profiting from selling stock that's value was inflated by Enron style accounting practices?   --smg
  
  
Bush's Insider Connections Preceded
  Huge Profit On Stock Deal
  By Knut Royce
  The Center for Public Integrity
  Sunday 07 March 2004

It has been widely reported that Texas Gov. George W. Bush made money over the years with a little help from his friends. But new details show that he served on an energy corporation's board and was able to realize a huge profit by selling his stock in the corporation because an accounting sleight-of-hand concealed it was losing large sums of money. Shortly after he sold, the stock price plummeted. That profit helped make him a multimillionaire.
  
The year 1986 was very good for George W. Bush.
...more..
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WheresWaldo Donating Member (272 posts) Send PM | Profile | Ignore Wed Mar-10-04 10:17 AM
Response to Original message
1. Link
Edited on Wed Mar-10-04 10:18 AM by WheresWaldo
on edit, never mind, I found it.
http://www.public-i.org/story_01_040400.htm

(orig: can you post a link to the center for public integrity site. thanks)

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dArKeR Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-10-04 10:26 AM
Response to Original message
2. Why don't Martha's supporters carry signs, 'Open the files Bush/Harken'
Do you think they just don't know about it? Because it seems to me this would be very effective.
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G_j Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-10-04 11:11 AM
Response to Reply #2
4. I forwarded this to Kerry's office
in case they hadn't seen this updated version of the story.
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KensPen Donating Member (676 posts) Send PM | Profile | Ignore Wed Mar-10-04 10:29 AM
Response to Original message
3. I am sure the DAMN LIBERAL MEDIA
won't touch the story........

it's not as significant as White Water.
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