John Deere wrote:
Jeff Morris wrote:


John Deere wrote:

Like I said, only zealots, kooks, and mouthbreathers believe

this "Cheney

is a crook" stuff. Cheney and Bush are squeaky clean, and it drives the
left nuts.


"Squeaky clean"? Hardly. Bush was never cleared of his insider trading
charges.


"Not Cleared" is boilerplate SEC language for any investigation that can't
find anything to charge the target with. No legal process ever declares
anyone "innocent." That's for God to decide. Most voters don't realize
that, so that's why the phrase "not cleared" gets repeated over and over
again by Bush-hating crowd.

The Harkin "insider trading" case, aside from the political pressure (on
the SEC) by Texas Democrats to get Bush, was very hard to make, since
Harkin stock sold at double the price just a year after Bush sold it all
(to buy the baseball team.) If Bush had held on to it for just another
year, he would have gotten twice the price. Inside traders usually sell at
the top, and not halfway up. I guess you'd say Bush was just too dumb to do
it right.


You have an odd definition of insider trading. The truth is that on
June 7 1990 Bush was told his company would shut down on July 1 if they
didn't get new funding. On June 15 he was advised that selling stock at
this time would be viewed as insider trading. On June 22 he sold over
$800,000 worth at $4. By the end of the Summer it was down to $3, at
the end of the year it was $1.25.

The fact that a year or so later it was back up is irrelevant. Bush has
to be judged on his knowledge and actions at the time. In reality,
Harlen was up and down a number of times over the years. Just as one
would expect from a company set up for "pump and dump."