From the Washington Post, in a fairly balanced article. I, as a leftist running dog, am posting only the negative parts of it:

"A confidential Harken chronology, obtained by the nonpartisan Center for Public Integrity, said that 16 days before he sold the stock, Bush was sent the company's "weekly flash report," giving "information provided by subsidiaries regarding estimated historical and projected earnings."

Asked about the document, a White House official said Bush thought the company was going to lose about $9 million in the quarter. That would have been four times as much as the company lost in the previous quarter but not nearly as much as it did lose. As it turned out, the company lost $23 million for the period, according to an earnings report made public two months after Bush sold.

SEC investigators knew Bush had seen the flash report but still dropped the case. Bush agreed to be interviewed by the SEC, but the investigators did not take him up on it, provoking skepticism from some government officials about their thoroughness.

The latest information leaves unresolved whether Bush knew his biggest asset was about to shrink and unloaded before other investors found out, or whether he sold only because, as he says, he wanted to pay off his loan."

Ennis posted this on July 14, 2002
It is filed under Business & Economy

It is also indexed with the following tags: Harken | George W. Bush | Insider Trading | SEC |