http://www.wburg.com/0202/arts/lombardi.htmlA nodal point in Mark Lombardi's drawing George W. Bush, Harken Energy and Jackson Stephens c. 1979-90, 5th Version, 1999, James R. Bath appears in the upper lefthand corner of the 16 1/2" x 41" piece of paper. The spatial syntax of Lombardi's drawings—which map in elegantly visual terms the secret deals and suspect associations of financiers, politicians, corporations, and governments—dictates that the more densely lines ray out from a given node, the more deeply that figure is embroiled in the tale Lombardi tells. Thirteen lines originate with or point to James R. Bath, more than any other name presented. Among those linked to this obscure yet central character are George W. Bush, Jr., George H.W. Bush, Sr., Senator Lloyd Bentsen of Texas, Governor John B. Connally of Texas, Sheik Salim bin Laden of Saudi Arabia, and Sheik Salim's younger brother, Osama bin Laden.
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James R. Bath, it turns out, is a Texas businessman, a sometime aeronautics broker whose firm, Skyway Aircraft Leasing, LTD., was a Cayman Islands front amassing money for use by Oliver North in the Iran-Contra affair. Bath also served as an agent minding American interests for a quartet of Saudi Arabian billionaires, one of whom was Sheik Salim bin Laden, the oldest son and heir of Sheik Mohammed bin Laden, father of fifty-four children including Osama. According to reports by the Houston Chronicle, the Wall Street Journal, Time, and others, Bath did business in his own name but with the Saudis' money; tax records indicate that he collected a fee of 5% on their multimillion dollar American investments. In 1979, Bath contributed $50,000 to Arbusto Energy, a limited-partnership controlled by George W. Bush. As Bath had little capital of his own, oil insiders trace the funds to his silent partners, specifically Salim bin Laden. Such cash infusions from Bath's client sheiks and George H.W. Bush's cartel cronies could not, however, prop Arbusto up. The venture collapsed in 1981 and merged into the Spectrum 7 Energy Corporation. Spectrum—still with W. at the helm—evolved through more near-failures and mergers into Harken Energy, which, in 1990, embarked upon a sweetheart deal to drill oil wells in Bahrain—this regardless of the fact that Harken had never drilled an overseas well, nor a marine well of any kind. Oil industry cognoscenti again assume that the Bahrain contract was orchestrated as a favor from the Saudis to the American chief executive and his family. The favor paid. On June 20, 1990, George W. Bush sold two-thirds of his Harken stock at $4 per share. Eight days later, Harken finished the second quarter with losses of $23 million; the stock promptly lost 75% of its value, finishing at just over $1 per share. Two months later, Iraq invaded Kuwait, and the Gulf War began. All these events are cited in Lombardi's drawing.