Posted on 07/03/2002 6:01:51 PM PDT by Retired Chemist
Edited on 04/22/2004 12:34:05 AM PDT by Jim Robinson. [history]
WASHINGTON
(Excerpt) Read more at foxnews.com ...
By Monday, it will be SO September 10th!
Keep digging, demonrats, maybe you'll find that the President was guilty of jaywalking at age 7.
I think it goes all the way up to Treasury. Robert Rubin had a direct line to Wall Street and the Board rooms. He helped decide which rules would be enforced and which wouldn't. Turn over Rubin and a whole lot of stuff falls into line.
Whatever good that happens, while Bush is President, was really accomplished by Bill Clinton; whatever bad that happens, it started after Bush became President.
She sure has been silent lately. I guess the doctors finally got the dosage correct.
We could do the same thing useing "the sins of the 90s". The wonderful thing is that the word SIN can mean sooo many things to sooo many different people.
A typical discussion about the economy would be peppered with "sins of the 90s", reminding people, of course, once again, about, the impeachment of the 42nd president of these united states and the failure of the democrates to actin the best interest of the country.
Investigative Report
Bush Violated Security Laws
Four Times, SEC Report Says
By Knut Royce
(Washington, Oct. 4) George W. Bush violated federal securities laws at least four times when he was a director of a Texas oil firm in the late 1980s and early 1990s, according to an internal government report.
The document was prepared by the Securities and Exchange Commission in 1991 during its well-publicized investigation into whether Bush had benefited from insider information when he sold Harken Energy Corp. stock before its value plummeted, and then failed to promptly report the transaction to the SEC in violation of federal law. Bushs stake in Harken helped make him a multimillionaire.
The internal SEC memorandum, prepared by the commissions enforcement division and obtained by The Public i from sources, discloses what was previously not known--that Bush also had been tardy in reporting three other transactions involving stock in Harken, on whose board he sat as director.
(This report was prepared in collaboration with Talk magazine, whose article, "George W. Bush . . . And the Horse He Rode In On," appears in the magazine's November issue.)
The Securities and Exchange Act of 1934 requires company insiders to disclose publicly, in a report called a Form 4, all stock purchases and sales by the 10th day of the month following the transaction.
A former SEC official who asked not to be further identified said that he could recall at least one instanceinvolving the late stock manipulator Alexander Guterma, who began a three-year prison term in 1960 for a variety of securities offenses where a prison sentence was imposed for failure to report a transaction. More commonly, he said, the SEC has obtained court injunctions barring frequent violators from repeating the offense. But he said that instances of insiders filing late disclosures were fairly common and that the SEC, with a limited staff, seldom pursued those cases.
The filing requirements are not a trivial matter. Insider transactions can sometimes alert outside investors that corporate officers or directors are nervous about the companys earnings or growth. They can also alert the SEC that an officer or director benefited from information that only an insider could have known, a violation of securities laws.
Related Reports | |
- Bushs Insider Connections Preceded Huge Profit On Stock Deal (April 4, 2000) - Overnight Guests at Governors Mansion Added $2.2 Million to Bush Campaign. (March 15, 2000) - Under the Influence --George W. Bush: Pragmatic, with Ties to Corporate America (Feb, 28, 2000) - How George W. Bush Scored Big with the Texas Rangers (Jan. 28, 2000) |
Bush, the SEC memo noted, had on four occasions filed late Form 4s involving Harken stock worth more than $1 million. The tardiest34 weeks latewas his Form 4 report disclosing that he had sold $848,560 of Harken stock on June 22, 1990, just weeks before the company filed a quarterly report revealing that it had hemorrhaged $23 million during that period. Bush had sold his stock for $4 a share. By the end of the year it was trading not much above $1.
Remainder of article ---- http://www.public-i.org/story_01_100400.htm
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