At the end of 1989 Harken president Mikel Faulkner told a reporter at the
Petroleum Review that Harken would book more then $6M in end-of-the-year
profits. On Augus 22, 1990, Harken's second- quarter report predicted $23.2M
in losses. Once the news hit the street, the stock sank immediately from $4
to $2.37; it later bottomed out at $0.22/share. Eight and a half months
later The Wall Street Journal reported that GWB was under investigation for
failure to report he stock sales made around June 1990. The chairman of the
SEC was Richard Breeden, who had worked for Sr. Bush as an economic advisor.
The general councel at the SEC was James Doty, the same James Doty of the
Baker Botts law firm, who represented GWB when he bought his 2% interest in
the Texas Rangers with the money he got from dumping his Harken stock. The
Houston law firm was founded by the great-grandfather of James Baker III,
secretary of state under Bush Sr. and the point man for GWB in Florida after
the disputed 2000 election.

Breeden and Doty never asked for and interview with the subject of their
investigation. Since 1993, Breeden, Doty, and other partners of Baker Botts
have contributed over $200K to GWB's political campaigns, making the firm
the pres's number fourteen career patrol. They were just beaten out for
number 13 by the now defunct Arthur Anderson.

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"j" ganz @@
www.sailnow.com