I'm not BSing about the Bahrainis' role. It was the entire reason Bush sold his stock when he did. The announcement of the off shore drilling contract had boosted the price of Harken shares.
The whole thing was a scam from beginning to end designed to put money in the pocket of President Bush's kid. In the end, the wells never even got drilled because there wasn't enough oil there to make it worth while.
The sale of the Harken shares was done legally, so there wouldn't have been an SEC problem. It was what preceded the sale that was irregular. By the way, are you naive enough to believe that the SEC would go after the President's son even if the sale had been irregular?
I'm not BSing about the Bahrainis' role. It was the entire reason Bush sold his stock when he did. The announcement of the off shore drilling contract had boosted the price of Harken shares.
The whole thing was a scam from beginning to end designed to put money in the pocket of President Bush's kid. In the end, the wells never even got drilled because there wasn't enough oil there to make it worth while.
Boy did they screw the pooch if they were doing it to raise the price of the stock..... Gosh looks like they lost money for him if that was their object.....
Remember the Bush sale date was June 22, 1990
Date | Open | High | Low | Close | Volume | Adj. Close* |