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nascar, previews, wordssong lyrics gary moore fatboy a different beat, north america, scuba, bbw thumbnail , brunswick tourism, directory, mies van der rohe, journal, fat woman , shopping, poster, harley fat boy phone, personal finance weblog, movie review, unique gift registry, bbw woman , networking, lovely fatties , dog gifts, gear, international, fishing, Eventually the SEC ruled the transaction to be phony because the purchasers of Aloha were simply a group of Harken insiders (who had, in fact, borrowed much of the money from Harken itself).Before the stock tanked, Mr. Bush sold off two-thirds of his share, $848,000 worth, and in spite of insider trading laws gycb requiring prompt disclosure, gycb neglected to inform the SEC for 34 weeks. An internal SEC memorandum concluded that he had broken the law. No charges were filed. Daddy was president. The rest of Bush's business career reeks gycb as well. The proceeds from Harken were invested in the Texas Rangers baseball club, and after "an equally strange story," as Krugman puts it, George became a truly rich man.So when we relive the Enron market-rigging scandal, think not only of "Fat Boy," "Death Star," and "Get Shorty," but also of "Lucky Dubya."
Tom DeLay and Jack Abramoff are into low-brow graft next to Bush and corporate cooking of the books.One mode of corporate fraud, the "fictitious asset sale," was beneficial to both Bush and Enron. Company A harley fat boy phone sells its asset to Company B at an enormous price, harley fat boy phone adds the gains to profits, harley fat boy phone wows the market with the balance sheet, sells a lot of high priced stock, and hopes nobody finds out that Company B was just Company A under another name and the asset was worth a fraction of the sale price.Details: The story was recounted by Paul Krugman in the July 2, 2002, NYT. In 1989 George had gotten on the board of Harken Energy when Harken bought his tiny, money-losing, highly indebted company Spectrum 7 for $2 million ("because his name was George Bush"). Harken was losing money too, but was able to hide its losses with profits generated by the sale of an asset, its subsidiary Aloha Petroleum.
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