Icon Re: The O'Franken Factor
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ILIKEBUSH (view)

Careful Block Dog, you may upset the some of the same-sex marriage proponents on the board.  At least half of them.  You don't think it was investigated? 

The SEC did launch an investigation in 1991, triggered by Bush's tardy report. Ultimately, SEC investigators concluded that there was not sufficient evidence of insider trading and decided not to pursue the matter. According to a Los Angeles Times report, there were three reasons for this conclusion.

  1. Because Harken's shares rebounded the day after the losses were announced, SEC investigators concluded they could not prove that the announcement, and therefore any previous knowledge Bush may have had, affected the stock price.

  2. At the June 11 meeting, although Bush was made aware that a "potentially significant" loss was in the offing, the auditors said the amount was not "identifiable."

  3. Bush consulted Harken lawyers before making the sale, and they raised no objection to it."

Ball-licker, get a grip and know your facts before you state them as such.  Just kidding about the ball-licker comment, but your moniker made me do it. 

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