Today at the White House, Jul. 8, 2002 |
Presidential Press Conference President George W. Bush will hold a press conference today from the White House Briefing Room at 5pm Eastern Time. Watch the webcast live on www.whitehouse.gov |
The 43rd President of the United States of America George Walker Bush.....
Form 144 | |
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Also known as Rule 144, this is a form which must be filed with the SEC when an executive officer, director or affiliate of a company places an order to sell that company's stock. |
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There are five basic requirements to sell under 144: -The form must be filed properly. -Adequate current public information must be available. For example, required reports such as the 10K and 10Q forms must have been filed with the SEC. -Volume limitations have to be met. One limitation is the sale must not be greater than 1% of outstanding shares. -The transaction must be made by a stockbroker in accordance with certain procedures and rules. -If the securities are restricted they cannot be sold until one year after the date the affiliate paid the entire purchase price. |
Bush just gave some jackass reporter a history lesson; the wannabe Gotcha! Man from U.S. Snooze asked Bush to compare himself to Theodore Roosevelt...Bush said TR attacked corporate "trusts" (aka Monopolies), whereas he (Bush) was addressing a lapse in ethics!
I LOVE IT!!
What about Cuba?
Leni
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Iraq is on the chopping block Yasser is toast ! The press is on the ropes ! Bush ducks and they miss again ! |
Tomorrow Mr. Bush is to speak about how to deal with corporate fraud and corrupt accounting practices. He should take this opportunity to call for reform not only in American business accounting practices but also in government accounting pratices.
Go read the GAO reports about HUD - Billions and billions of dollars are missing at HUD in FY 1998 and 1999. Go read the recent GAO reports on the lack of financial accountability in most federal agencies - more than a trillion dollars cannot be accounted for.
As always, the problem is hypocrisy: the pot calling the kettle black. How can anyone expect accountability of business corporations when our lawmakers, overseers and those who work in the government are not accountable for the billions of taxpayers dollars they receive?