Of the Forgotten Stock Sale, that might make Rove Fear...here's another one for the Kerry campaign to pound on. The Harken Energy stock sale. Our honest-guy, joe-six pack, clearing the north 40 Preznit, who has a Harvard MBA and was on the audit committee of Harken claimed he had no knowledge of financial difficulties at Harken...which either makes him the stupidest bidnessman on the planet or the biggest liar. I'll go with both.

On June 11, 1990, Bush and other members of the audit committee met with the Harken president and auditors from Arthur Andersen & Co. Eleven days later, on June 22, Bush sold all 212,140 of his Harken shares for $4 each — reaping $835,307. Although federal law required Bush to notify the U.S. Securities and Exchange Commission of this insider sale immediately, he failed to do so for eight months.

Eight days after Bush sold his stock, Harken finished the quarter with $23.2 million losses. The public was informed on Aug. 20, and the share price fell, eventually losing three-fourths of its value.
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On June 7, two weeks before Bush sold all his shares, a new memo from the president warned of a “Harken International shutdown effective June 30, unless third-party funding [is] obtained.” Salon.com said the note discussed plans to lay off 40 employees. It said the firm had lost $28.5 million in trade credit since Jan. 1, and $11.8 million more was “in jeopardy.” According to Salon.com, the insider memo said other companies that had seen Harken’s annual report “are nervous.”

A week later, on June 15, Harken’s lawyers warned directors and executives: “If the insiders presently possess any material non-public information, a sale of any of their shares could be viewed critically.” But Bush sold everything a week later.

Once he's tossed out of the White House, it would be interestig to see how many more bidness ventures he fucks up...it's a way of life for him. Simply Amazing.