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To: WarrenC
Since the president began his political career, there have been a number of meticulous examinations of the Harken sale, first in Texas newspapers, then in the Washington Post, the New York Times, and other national publications.

And, of course, no wrongdoing was found. But that's the whole point. No wrongdoing needs to be found...as long as some is implied, the regurgitation of non-stories like this will continue to sprout up in rags like the Post and the Times. It's the only thing they can find that they believe will have traction against this president. Nothing else seems to work. This won't either.

On Face The Nation today I heard Gloria Borger make the statement that small investors were unwilling to invest in the stock market because of the "constant corporate scandals". Oh really?! Well, I'm a small investor and I had no problem whatsoever doing my part to help the market go up 324 points last Friday especially in light of the pounding it had taken prior to that. But the more interesting point is that Ms. Borger's statement only went to prove why liberals are usually piss-poor when it comes to investing. They simply don't understand the concept of "Buy low, sell high"!

10 posted on 07/07/2002 5:10:42 PM PDT by blake6900
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To: blake6900; deport; Miss Marple
What happened to the stock price down the line based on subsequent developments simply isn't relevant. What is relevant is the period after Bush sold the stock until what he knew became public regarding the financial restructuring. Unfortunately, another event intervened, unless the restructuring came out before the 10Q. That event was the Gulf War.

Specfically, Bush did appear to have insider information. One can argue whether it was negative or positive. But it appears that the stock dropped due to the Iraq invasion of Kuwait on August 2, 1990, rather than the subsequent 10Q issuance that may have happened on Monday, August 13, 1990 as a guess, which didn't seem to impact the price much. Harken had a deal with Bahrain which made it sensitive to Gulf happenings. The Gulf War does muddy the waters here.

This is quite an interesting detective story, actually. I am sure we will hear more about it - much more.

cc: to the Bushbot lady. :)

11 posted on 07/07/2002 5:47:23 PM PDT by Torie
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