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'Bush had friends, but Martha had none'
"The selectivity of her prosecution is perfectly illustrated by the case of George W. Bush, former director of Harken Energy Corp. Back in 1991, after press exposure of his sudden, secretive sale of Harken shares, the Securities and Exchange Commission looked into whether Mr. Bush engaged in illegal insider trading. At the time, he happened to be the President's eldest son - and whatever else might be said about the Harken matter, it is clear that those in authority scarcely strained themselves to investigate him.
"Mr. Bush was well aware of his company's approaching financial doom. He knew that the Harken management had created a phony profit of $10 million by unloading assets, at an inflated price, to a front company owned by company insiders. That scam artificially puffed Harken's stock by concealing huge losses.' - Joe Conason.
"If anyone can explain how the current president’s 1990 Harken stock sale differs materially from Martha Stewart’s 2001 sale, we’d like to hear it" - Charleston WV Gazette editorial (requires registration, link goes to BuzzFlash).
March 11, 2004
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maru
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3/11/2004 12:27:00 PM
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