| This thread has been locked, it will not receive new replies. |
|
Locked on 07/19/2002 11:14:21 PM PDT by Admin Moderator, reason:
Flame war. |
Posted on 07/10/2002 11:04:03 AM PDT by SierraWasp
12:57PM Halliburton responds to Judicial Watch lawsuit (HAL) by Michael Baron Halliburton (HAL) is off 30 cents, or 2.1 percent, to $13.82, in midday action. The company is out with a press release responding to a lawsuit filed by Judicial Watch, a Washington, D.C.-based legal watchdog group. The suit alleges fraudulent accounting practices at Halliburton took place during the period when current vice president Dick Cheney served as its chairman and CEO. Halliburton called the claims in the suit, "untrue, unsupported, and unfounded." The company continued: "We are working diligently with the SEC to resolve its questions regarding the company's accounting procedures. Halliburton has always followed and will continue to follow guidelines established by the SEC and GAAP, General Accepted Accounting Principles."
Gee isn't that interesting information
Thanks for posting it
My poor friend has now had to retire with a bottle of Pepto. Or perhaps something stronger.
Having said that, I've heard about the online gamers serving up us newbies so they can get our unique items.
Only if it goes through the Klayman filter.
THE White House response to the collapse of Enron, a Texas-based energy company with strong links to the Bush administration, has "shades of Bill Clinton", a conservative watchdog said yesterday.
Judicial Watch, a legal group that pressed Mr Clinton in the latter years of his presidency by investigating every aspect of his personal and professional life, called for a special counsel to investigate the Enron case.
Tom Fitton, the group's president, said: "The White House has a nice little scandal on its hands with Enron and they have only themselves to blame. Their reaction certainly has shades of Bill Clinton." The criticism is an indication of the potential risks of the Enron controversy.
Judicial Watch would normally support a conservative president such as Mr Bush. Enron applied for bankruptcy protection last November after overstating its profits by more than £400 million by hiding huge debts in the accounts of subsidiaries.
Its board is being investigated over allegations that 29 current or former members sold their shares for a total of £785 million in the months before the collapse. Thousands lost jobs and money when the Enron share price collapsed from almost £65 to only a few pence in less than a year.
The Houston-based company has close links to the Bush White House. Kenneth Lay, its chairman, is a friend of both President Bush and his father and was one of the principal fundraisers for the Bush-Cheney election campaign in 1999-2000.
Dick Cheney, the vice-president, had close contacts with Mr Lay when Halliburton, another Houston-based energy company of which he was formerly chief executive, built a baseball stadium for Enron.
Two senior members of the administration, Larry Lindsey, the President's chief economic adviser, and Robert Zoellick, the US trade representative, worked as consultants with Enron before Mr Bush recruited them.
The White House said on Thursday that Mr Lay called on Paul O'Neill, the treasury secretary, and Don Evans, the commerce secretary, to help the company in the days before it collapsed, but added that they had turned him down, despite his close links to the president and his party.
But Mr Fitton yesterday called on the White House to be more open. "Conservatives are very uncomfortable about the relations between the Bush White House and Enron and I doubt you will see many coming forward to defend the conduct, at least so far."
/ He was particularly critical of Mr Cheney's efforts to prevent the release of the minutes of meetings he and his staff held with Mr Lay and other Enron executives in the process of formulating the administration's energy policy."
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.