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Arbusto, an oil exploration company, lost money, but it got considerable investments (nearly $5 million) because even losing oil investments were useful as tax shelters.
Spectrum 7 Energy Corp. bought out Arbusto in 1984 and hired Mr. Bush to run the company's oil interests in Midland, Texas. The oil business collapsed as oil prices plummeted by 1986, and Spectrum 7 Energy was near failure.
Harken Energy acquired Mr. Bush's Spectrum 7 Energy shares, and he got Harken shares, a directorship, and a consulting arrangement in return. Harken, under Bush, brought in Saudi real estate tycoon Sheikh Abdullah Bakhsh as a board member and a major investor. Over the next few years, Harken would turn out to have links to: Saudi money, CIA-connected Filipinos, the Harvard Endowment, the emir of Bahrain, and the shadowy Bank of Credit and Commerce International

2007-11-17 03:45:59 · 11 answers · asked by Anonymous in Politics & Government Politics

A 1991 internal SEC document suggested George W. Bush violated federal securities law at least 4 times in the late 1980s and early 1990s in selling Harken stock while serving as a director of Harken. This is essentially the same kind of activity that Martha Stewart went to prison over. Except at the time of the investigation, Mr. Bush's father was president and the case was quietly dropped

2007-11-17 03:46:32 · update #1

11 answers

as a matter of fact i did.

2007-11-17 04:53:39 · answer #1 · answered by ὀκτάπους 5 · 1 0

His term is almost over!!! If you really think that in these past 7 years nobody knew about this that would make you the master of all secrets. And since the left has dug out every piece of dirt on Bush and has yet found something to charge him with you are blowing hot air. Get over it and concentrate on the next election instead of wasting time on this one thats almost over.

2007-11-17 12:14:41 · answer #2 · answered by Brianne 7 · 1 0

You are perhaps overstating this but we know all his companies failed and lost money except for the ball team. I honestly think none of us on the left thought that such a person could get close to winning so we didn't fight him hard enough. Won't make that mistake again!!

2007-11-17 11:57:53 · answer #3 · answered by ash 7 · 0 2

I did not know that i am surprised the Democrats did not use these Liberal facts in 2000 and 2004, i bet that would have kept him out of office.

2007-11-17 11:49:12 · answer #4 · answered by DJR 2 · 1 2

First he bankrupts all those companies and now he is out to bankrupt the US. At least he is experienced at bankrupting things.

2007-11-17 12:16:08 · answer #5 · answered by Anonymous · 1 1

'Nuff said'. Mr. Bush is only capable of screwing up a one car funeral procession. Were it not for Daddy, he'd probably be using food stamps and Sec 8 housing vouchers.

2007-11-17 11:49:17 · answer #6 · answered by acermill 7 · 2 3

I know that you are committing slander now. You know Nancy Pelosi would love to impeach Bush, so go tell her all the lies you are telling here so she can start embarrassing herself .
You Bushophobes are getting pitiful.

2007-11-17 11:53:30 · answer #7 · answered by Anonymous · 3 3

I am reading "Worse Than Watergate" right now. The facts are appalling!!!!

2007-11-17 12:00:14 · answer #8 · answered by PATRICIA MS 6 · 0 2

That doesn't surprise me in the least. He's selling out the U.S. as well.

2007-11-17 11:50:37 · answer #9 · answered by BekindtoAnimals22 7 · 0 3

you forgot that he also bankrupted the largest corporation in the world, America.

2007-11-17 11:49:34 · answer #10 · answered by Gengi 5 · 1 3

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