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To: Lecie
You want to argue that the stock dropped to $1 because of events subsequent to Bush's sale. But the stock dropped to 2 and something with the release of info about the extent of losses - and then immediately rebounded for mysterious reasons. What reasons? Was there some reason, at the time, to believe the investment in Bahrein would be a good one?
26 posted on 07/14/2002 7:26:37 AM PDT by liberallarry
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To: liberallarry
"After the sale of Harken Energy in 1983, Alan Quasha became a director and chairman of the board. Under Quasha, Harken suddenly absorbed Junior's struggling Spectrum 7 in 1986. The merger immediately opened a financial horn of plenty and reversed Junior's fortunes. But like his brother Jeb, Junior seemed unconcerned about the characters who were becoming his benefactors. Harken's $25 million stock offering in 1987, for example, was underwritten by a Little Rock, Arkansas, brokerage house, Stephens, Inc., which placed the Harken stock offering with the London subsidiary of Union Bank—a bank that had surfaced in the scandal that resulted in the downfall of the Australian Labor government in 1976 and, later, in the Nugan Hand Bank scandal. (It was also Union Bank, according to congressional hearings on international money laundering, that helped the now-notorious Bank of Credit and Commerce International skirt Panamanian money-laundering laws by flying cash out of the country in private jets, and that was used by Ferdinand Marcos to stash 325 tons of Philippine gold around the world.)" ---- http://www.motherjones.com/mother_jones/SO92/pizzo_2.html

"By 1986, Spectrum 7 also began to sink. In the best tradition of the deus ex machina, however, yet another angel descended to rescue the son of the sitting Vice President. A Republican Party fundraiser named Alan Quasha swooped in and acquired Spectrum 7, incorporating it into his bizarre little oil business, Harken Oil. Bush and his partners were given $2 million in Harken stock for the deal, and named as special 'consultants.' "------ http://216.239.51.100/search?q=cache:FEWlbPqrircC:www.willpitt.com/KingMidas.htm+Alan+Quasha&hl=en&ie=UTF-8

"Alan Quasha, a Harken director and former chair of the company, is the son of attorney William Quasha, who defended figures in the Nugan Hand Bank scandal in Australia. Closed in 1980, Nugan Hand was not only tied to drug-money laundering and U.S. intelligence and military circles, but also to the CIA's covert backing for a "constitutional coup" in Australia that caused the fall of Prime Minister Gough Whitlam." ----- http://mediafilter.org/caq/BushFamilyPreys.html

Alan Quasha
Director

Mr. Quasha is Chairman of the Board Directors of Hanover Direct, Inc. a position he has held since 1991. He also serves as a Director of NAR Management, Inc. and of Richemont, S.A., an affiliate of Richement-Switzerland. From 1980 until September 1991, he was a partner in the New York City law firm of Quasha Wessley & Schneider. -------- http://www.i-behavior.com/management.htm

27 posted on 07/14/2002 7:28:26 AM PDT by rdavis84
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To: liberallarry
I was just asking why you didn't finish the paragraph. I'm not arguing with you over anything. The rest of the paragraph gave reasons why the stock might have dropped.

Bahrain..yes...the word had gone out on the contract deal and Bush thought he would selling into good news, but some of the areas explored by Harken came up dry. I think, and the operative words being, "I think" this was covered in an article for National Review written by Byron York. I've read so many articles I can't remember where one ends and the other begins...:)

28 posted on 07/14/2002 7:52:17 AM PDT by Lecie
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To: liberallarry
You want to argue that the stock dropped to $1 because of events subsequent to Bush's sale. But the stock dropped to 2 and something with the release of info about the extent of losses - and then immediately rebounded for mysterious reasons. What reasons?

Gee, I dunno, maybe because someone was willing to pay that much for the stock?

61 posted on 07/17/2002 5:21:15 AM PDT by dirtboy
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