"he had broken the law"

Discussion in 'Community' started by wwworry, Jul 2, 2002.

  1. wwworry macrumors regular

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    #1
    from NYTimes 07/02/2002

    Now to the story of Harken Energy, as reported in The Wall Street Journal on March 4. In 1989 Mr. Bush was on the board of directors and audit committee of Harken. He acquired that position, along with a lot of company stock, when Harken paid $2 million for Spectrum 7, a tiny, money-losing energy company with large debts of which Mr. Bush was C.E.O. Explaining what it was buying, Harken's founder said, "His name was George Bush."

    Unfortunately, Harken was also losing money hand over fist. But in 1989 the company managed to hide most of those losses with the profits it reported from selling a subsidiary, Aloha Petroleum, at a high price. Who bought Aloha? A group of Harken insiders, who got most of the money for the purchase by borrowing from Harken itself. Eventually the Securities and Exchange Commission ruled that this was a phony transaction, and forced the company to restate its 1989 earnings.

    But long before that ruling — though only a few weeks before bad news that could not be concealed caused Harken's shares to tumble — Mr. Bush sold off two-thirds of his stake, for $848,000. Just for the record, that's about four times bigger than the sale that has Martha Stewart in hot water. Oddly, though the law requires prompt disclosure of insider sales, he neglected to inform the S.E.C. about this transaction until 34 weeks had passed. An internal S.E.C. memorandum concluded that he had broken the law, but no charges were filed. This, everyone insists, had nothing to do with the fact that his father was president.
     
  2. topicolo macrumors 68000

    topicolo

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    #2
    hey wow, maybe bush actually does have SOME intelligence behind that chimp skull of his. If he can get away with insider trading without even a slap on the wrist, he's good (even if he sucked up to his dad).
     
  3. wwworry thread starter macrumors regular

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    #3
    A drunk driver, AWOL reservist and now this. How does he get away with it all?
     
  4. eyelikeart Moderator emeritus

    eyelikeart

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    #4
    U know what amazes me so much, is how all of these labels can be put to anyone, anywhere in this country.

    I'm not saying that Clinton was right, and I didn't like him much to be honest. But he got so much sh*t for getting blowjobs in the oval office; the only difference between he & other politicians who aren't being scrutinized is that he got caught.

    The point is, everyone does something wrong at some point or another. So why the need to point the finger? Bush must be doing something right with his life, he did get elected President of the United States! ;)
     
  5. iH8Quark macrumors 6502

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    #5
    ROFLMAO :eek: :D :p
     
  6. wwworry thread starter macrumors regular

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    #6
    Sure Bush's life is going great but that does not mean a thing to us. I'm just wondering how one guy is subjected to a 7 year $70 million dollar investigation that came down his lying about office Hanky-Panky and another guy was a drunk driver (putting lives in danger), insider trader (basically stealing the money of those people who bought the stock he sold) and no one seems to care.

    For the record, I think Clinton was being hunted from the day he stepped into office but I also think he ruined his presidency.

    But also it's funny that whenever Bush is in trouble people shift the discussion to Clinton. If Bush was unethical why not talk about Bush's ethics? I did not see anyone talking about Nixon's ethics during Clintons impeachment.
     
  7. eyelikeart Moderator emeritus

    eyelikeart

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    #7
    I suppose he holds a strong backbone to unethical ways of acting and being caught.
     
  8. jefhatfield Retired

    jefhatfield

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    #8
    even though i spent years fearing and disliking the man, bob dole somehow lost his bid while bush jr got in on his first try

    ronald reagan, who many republicans and democrats alike believe was better than w will ever be, failed in his first three attempts at the oval office 1968, 1972, and 1976 with the last failure a close call

    then reagan won in 80 and 84 so he ran five times

    gore actually made a serious bid for the presidency in 1988 when he was barely old enough to be eligible...he lost in 2000...so him running in 2004 is not that absurd
     
  9. SoarEyes macrumors member

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    #9
    I’ll gladly talk Badly about Bush. :p
    Also Bush is not un-ethical he just doesn’t have any.

    Let’s not beat around the Bush

    Wow Nice Bush you got there!

    he he :p
     
  10. mischief macrumors 68030

    mischief

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    #10
    This ought to raise a little hell:

    Republican powermongers have been selling out the Constitution to Big Business since (and including) Lincoln. Every "Great act" of the Republican party has been designed to bennefit an industry.

    Simultaniously the Democrats have been Half-Assing a Socialist approach since Adams.

    With Republicans writing long, complicated Vice Laws with tax breaks tacked on for their Cronies and Democrats writing clumsy, timid Social programs with Agencies tacked on for their Cronies it's Amazing the country has survived so long without a Civil war. Oh, wait there was a Civil War....... that was justified and suppressed.

    BTW: Any southerner who votes a straight party ticket as a Republican is forgetting how badly Lincoln ****ed his great grandparents.

    Yes, I am trying to start a Flamewar.:D :p
     
  11. jefhatfield Retired

    jefhatfield

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    #11
    Re: This ought to raise a little hell:

    the powerbase of the dems was once the south, but the south has changed radically and maybe the politics is a reflection of that

    years ago, a dual southern ticket like clinton/gore would have won unanimously...but dole and bush sr. had a good turnout in the south and it was their powerbase

    the party of lincoln rules the south now but we are talking about 140 years later

    140 years from now, it is anybody's guess where politics will all be
     
  12. G4scott macrumors 68020

    G4scott

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    #12
    OK, if Bush is such a bad president, then who would you want in office?
     
  13. jefhatfield Retired

    jefhatfield

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    #13
    bush is good on the foreign policy front

    gore would be a little less adept but keep a better eye on the domestic front...it's a tough call right now since bin laden is still on the loose...or at least some of his henchmen which is just as bad
     
  14. jelloshotsrule macrumors G3

    jelloshotsrule

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    #14
    good point.

    i'm nowhere near a republican. i just hate the fact that people attack any one given group when they both need to be attacked hard. often for the same reasons.

    who would i rather see? hmmm.... check out my avatar. haha
     
  15. eyelikeart Moderator emeritus

    eyelikeart

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    #15
    Re: This ought to raise a little hell:

    Which is why I've yet to claim either party. ;)

    Sure I voted for Bush, but that was based upon a series of questioning to find where I belonged, along with the fact that I just couldn't see this country being run by Gore. :rolleyes:
     
  16. jefhatfield Retired

    jefhatfield

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    #16
    Re: Re: This ought to raise a little hell:

    gore lacks presence and that is his downfall but his ideas are well within the moderate center and some right wing believers who think that gore will go socialist on us is just nuts
     
  17. mcrain macrumors 68000

    mcrain

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    #17
    Hey, while talking about his drunk driving and illegal conduct, don't forget he's a former coke head (according to rumor).
     
  18. jefhatfield Retired

    jefhatfield

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    #18
    as a volunteer social worker for heroin addicts at the local aids project, i have no qualms about an ex-addict/alcoholic or recovering addict/alcoholic...choose your term...running the us

    if bush was a democrat, i am sure the republicans would bring up the drug and drinking issues

    bush said he found jesus to help him stop, others have gone cold turkey and some have gone to rehab, and many have chosen all of these paths and more
     
  19. mcrain macrumors 68000

    mcrain

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    #19
    I have no problem with it either, but he acts like he's mr. clean and Clinton was sooooo dirty, when in fact, he's got soiled panties. Yes, I think he wears panties under those chimp suits.
     
  20. wwworry thread starter macrumors regular

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    #20
    not to mention the fact that he probably engaged in illegal insider trading. Why are there no investigations? scandals? recriminations?

    Are the democrats that demoralized?
     
  21. jefhatfield Retired

    jefhatfield

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    #21
    bush does kind of look unwieldy in suits...long arms or something...or maybe his head is falling inside his collar...he does look like a gi joe toy or something:p
     
  22. mcrain macrumors 68000

    mcrain

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    #22
    Maybe they are taking the high road. Maybe they realize that trying to come up with scandals to ruin a president is a reprehensible act and they don't want to stoop to the same levels as the Clinton era republicans.

    (Bush had a quote that went something like "They can't have it both ways. I mean, they can't claim the high horse and then take the low road.")
     
  23. mcrain macrumors 68000

    mcrain

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    #23
    Than again, maybe the dems are leaving him alone because we're at war with a noun.
     
  24. mischief macrumors 68030

    mischief

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    #24
    The collective Testicles and moral conviction of the Democratic Party was buried with JFK's corpse.

    Clinton did a good job of strapping on a pair of Neuticals and carrying on but it couldn't counter the fact that since Nixon Standard Operating Procedure for the Republicans has been Character Assasination over Debate. When you're a Sex addict you're pretty much screwed in that circumstance.
     
  25. 3rdpath macrumors 68000

    3rdpath

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    #25

    tip of the iceberg...

    try to figure out how he made a huge sum off the texas rangers baseball team...he got in with no capital and walked out with millions...

    connections will take your further than brains or hard work every time.

    :mad:
     

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