Bush Signed Stock 'Lockup' Letter

Associated Press ^

[RCW2001]

GWB needs to dump ALL of the Harken facts on the table...and NOW! Otherwise, its going to be...drip, drip, drip!

[Huck]

It's sorta like the Martha Stewart thing.

[Tourist Guy]

>>>It is fairly common for company insiders to sign such letters and then obtain permission to sell the stock anyway before the lockout period is up, said Carr Bettis, an associate research professor of finance at Arizona State University<<<

So, what's the crime???? shheeesh.

[Trust but Verify]

Good point, but it appears to be moot in this case since the reason he was asked (and complied) to sign the letter( upcoming IPO) never happened. Whoever said he should lay the cards on the table is correct, however.

Only Democrats can get away with stonewalling in this country. In fact, the story the media spins is not why they're stonewalling, but how good they are at it. Disgusting, but that's the way it is.

[RCW2001]

I don't believe there could be a crime, if there was a crime due to the statue of limitations. However, the daily 'new relevation' is going to take its toll and Bush should just dump ALL the facts...good or bad, right or wrong, right now.

[Clara Lou]

Fodder for Larry?

[Torie]

After the reason for the letter became moot, Bush was approached by a stock broker regarding a buyer he had for his stock. Since the underlying rationale for him to sell still obtained, AFTER checking with Harken's lawyers, and his lawyers, regarding insider information and Rule 144 issues, and after they gave him the OK to sell, he did. He then waived the attorney client privilege to facilitate the ensuing SEC investigation. This is all set for forth in this article. There really is no there there, and this hit piece doesn't change the compelling exculpatory nature of the underlying facts.

[hole_n_one]

However, the daily 'new relevation' is going to take its toll and Bush should just dump ALL the facts...good or bad, right or wrong, right now.

Despite what you might think, Bush is not a poodle named Fifi who has to jump through a hoop just because you or anybody else stomped their feet, demanding so.

[zook]

Bush absolutely should not release anything. He should look at the bastards with blood in his eye and repeat that this had been investigated three times and three times nothing unlawful was found. Bush enjoys a 70% approval rating and releasing documents will not stop Dems and media Dems from the supposed "drip, drip, drip."

Fight like hell and remind everyone about Lieberman's ongoing coverup.

[sinkspur]

However, the daily 'new relevation' is going to take its toll and Bush should just dump ALL the facts...good or bad, right or wrong, right now.

The "facts" are out; just go to the SEC website and you can read about Harken to your heart's content.

Whitewater proved that the American public could care less about complicated business deals. Whether Bush dumps all the data or not will not make one bit of difference.

[terilyn]

Without a doubt.

[hole_n_one]

I was starting to worry about you.

[deport]

 Fodder for larry.......

Yep here comes the FOIA.... tomorrow are the next day.....

---

Because no one is above the law

Even the 'eWW'  .. Let the Audits begin

[carmody]

Actually, now I know how the democrats felt with Whitewater. Because this is B O R I N G.

Most people do not care at all. To borrow a play from the democrat playbook: "This is old news and it's not easy for the average Joe to understand. And the President really, really, needs to get back to work for the American people."

[RCW2001]

There really is no there there, and this hit piece doesn't change the compelling exculpatory nature of the underlying facts.

Sounds as though that came right out of the "Clinton Playbook"...

[Torie]

Cute. Now grapple with the underlying facts. Granted, that might be a bit more work for you.

[okie01]

"There really is no there there, and this hit piece doesn't change the compelling exculpatory nature of the underlying facts."

The media, however, is not concerned with "underlying facts". Especially, if they are "exculpatory"...

[habs4ever]

Get serious.

[Howlin]

A poll I saw today said 61 percent of the people in this country aren't paying attention to this.

[deport]

From the Broker handling the sale.........

Smith said the trade came about because he called Bush on behalf of an "institution" that wanted to buy Harken Energy stock after other Harken directors said they did not want to sell. Bush also was a member of company's board.

At first, Smith said Bush told him "he didn't know if he could sell, and to check back."

"I checked with the [Harken] lawyers to make sure he could sell. ... They said that he could," he said. The former broker said it was "implicit" in later conversations that Bush also had sought legal advice.

Smith said he called again a couple of weeks later, and "then he said he would be interested in selling. [Bush] decided on the amount," and in June 1990 sold 212,140 shares for $835,807.

Before the deal went through, Smith said, Harken's lawyers wrote "a letter to the transfer agent ... [assuring him] there was no insider information available that wasn't available to the public. That's why he was allowed to sell."

Broker