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BUSH SHED LITTLE LIGHT IN 1991 SEC PROBE

Under scrutiny

Bloomberg News
July 18, 2002
Source

Securities and Exchange Commission (SEC) investigators, heading an insider trading probe in 1991, said they had difficulty getting useful information from Mr George W. Bush on what he knew about the finances of Harken Energy Corp, where he was a director.

'Bush has produced a small amount of additional documents which provide little insight as to what Harken non-public information he knew and when he knew it,' the SEC investigators said three months into their inquiry, according to a memo dated July 17, 1991.

Mr Bush was then managing general partner of the Texas Rangers baseball team.

The memo was released on Thursday by the Centre for Public Integrity, a group that monitors government ethics.

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The following articles would be of interest:

"Ivy League Investors Take a Big Stake in Harken Stock," Dallas Business Journal, Scott Williams, March 1, 1991, p. 5.

"Harvard Sees $200m Writedown," The Boston Globe, Kimberly Blanton, October 8, 1991, p. 35.

"George Bush is Breeden’s Mao." Stephen Labaton, "Wall Street’s Ambitious Top Cop," The New York Times Business World Magazine, March 24, 1991, p. 12.

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Bush's Big Score
"Bush has insisted that he "wasn't aware of the details" of the land condemnations. But on October 27, 1990, Bush was quoted in the Fort Worth Star-Telegram about the development plans for the acreage around the stadium. "The idea of making a land play, absolutely, to plunk the field down in the middle of a big piece of land, that's kind of always been the strategy," Bush said. In other words, while Bush didn't know the details regarding the condemnation of the Matheses' property, he did plan to exploit their property for his personal benefit."

The life of George W. Bush - "I wasn't aware of..."