The original Wall Street Journal article discussing this strongly implied that the transaction was tainted, a thinly disguised bribe although that exact word was not used. The WSJ article I am refering was written not too long after the sale, during the first Bush Presidency.
Please do not ask me for a copy of this article since I did not clip it at the time.
Since "W" became a candidate for the Presidency, this aspect of the sale has been deeply buried, including by the WSJ itself.
I most certainly would like to see that article before I believe anything like that! The SEC investigated this case.I'll take their word before any WSJ article, thank you very much!
On June 22, 1990, Bush sold 212,140 shares of Harken at $4 a share, for a total sale of $848,560.
Don't you think maybe he needed the money to invest in the Rangers and that's why he sold when he did?
After working on his father's successful 1988 presidential campaign, he assembled the group of partners that purchased the Texas Rangers baseball franchise in 1989.
Bush used the proceeds of the Harken sale to pay off a loan he took to buy his interest in the Texas Rangers baseball team.