Legacy buildin'...Bush's FOUR violations of the same law that sent Martha Stewart to prison

[Amerigo Vespucci]

As explained by Kevin Phillips in his book, American Dynasty: Aristocracy, Fortune, and the Politics of Deceit in the House of Bush, George W. Bush's businesses fail but he makes millions. Among Mr. Bush's business ventures:

* 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.
o 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 is going to prison over. Except at the time of the investigation, Mr. Bush's father was president and the case was quietly dropped.

http://alaric3rh.home.sprynet.com/science/bceo.html

[rhett o rick]

1. Didn't Sen Bill Frist also do something similar? nm

[Thothmes]

2. If I remember correctly

Stewart went to prison for trying to hide here involvement in a stock deal. Not for the deal itself.

[truedelphi]

3. I just found my old June 2002 Newsweek - and it discussed good ol Martha

And how she had to be punished severely because otherwise our entire economic system might collapse.

Boy I didn't ever think I could be nostalgic for the calendar year 2002, but reding that article made me wish we were still back there. At least in terms of having an economy. ANd not in terms of six more years of Busho-o.

[Octafish]

4. Bush made a fortune -- and a name for himself -- off his criminality, too.

Know your BFEE: How Smirko Got Rich

The little turd is low.

Great post and photo, Amerigo Vespucci. It's his legacy thing.

[spanone]

5. bu$h*, frist and all republicans are above the law

no sarcasm