Sunday, July 14, 2002

According to SEC documents, Bush did in fact know that Harken was in trouble when he sold his stocks–in fact, it looked likely to go bankrupt. That is insider trading. Rather than the SEC exonerating him, as he claims, an internal memo said the lack of action ‘must in no way be construed as indicating that the party has been exonerated or that no action may ultimately result’. Incidentally, you’ll remember Bush claims (now) that it was the fault of his lawyers that his documents didn’t get filed. So how did he reprimand those lawyers? One of them is now ambassador to Saudi Arabia.

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