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On George W. Bush, Dick Cheney, Andrew Card E.F Hutton and Friends
1973 -- George W. Bush attends Harvard Business School.� Regularly visits his
aunt, Nancy "Bush" Ellis and her husband, Alexander Ellis at their home in
Lincoln. Ellis would later go to work at E.F. Hutton.
1975 -- Timothy Davis, Harvard Business School, assumes general manager's
role at Atlantis. Patrick E. Malloy III, [2nd in charge of commodities at
E.F. Hutton & protege of George L. Ball] and his close friend and advisor,
Michael A. McManus, Jr. invest in Atlantis Weathergear, founded by Dennis J.
Solomon.� McManus is appointed Special Assistant to Secretary of Commerce on
the recommendation of CIA Director George Bush.
While entertaining Solomon, Mordecai and Meledones, Patrick Malloy describes
how he and his friends are making money by withdrawing funds on Friday
afternoon and playing the weekend market overseas.
1976 --George L. Ball was president of E.F. Hutton, and the largest
individual investor in Arbusto [George W. Bush] Energy Corporation.�
Harken Oil buys Arbusto ("Bush Energy")� & Harvard (University) Management
Co. Invests 1986 -- George Bush Jr. and partners receive more than $2 million
of Harken
Energy stock in exchange for his failing oil well operation, Bush Energy,
which had lost $400,000 in the prior six months. Bush was named to the Harken
board and as a consultant for fees of between $50,000 and $125,000 annually.
Harvard Management is the investment arm of Harvard University. Harvard's
venture capital company is headed by Michael Eisenson, who served on the
board of directors of Harken Energy with Bush . Harvard had become a major
investor in Harken less than 60 days after Harken bought out Bush 's oil
company in 1986.
1987 -- Harken Energy project gets rescued by aid from the BCCI-connected
Union Bank of Switzerland in a deal brokered by Jackson Stephens, later to
show up as a key supporter of Bill Clinton.
1988 -- Ron Woods, guitarist for the Rolling Stones, Billie Preston, and
others play at Bush's celebration party as part of the Bush "bad boys",
George W., Lee Atwater, and Andrew Card.� According to the roadies onboard,
white lines of cocaine filled the backrooms and, George W. Bush was present.
1989 -- Bahrain officials suddenly break off offshore drilling negotiations
with Amoco and decide to deal with Harken Energy, George W. Bush� firm.
Harken has had a series of failed ventures and no cash, so the Bass brothers
are brought in to finance Harken's efforts at a cost of $50 million.
1989 -- In response to Secretary of the Navy, Chief of Naval Operations
suggests further developed and review of Solomon's air defense technology.
1990 -- Solomon reports problems with SCUD missile defense to Sen. John
Kerry's staff.
1990 -- [Important Details] George W. Bush sells two-thirds of his Harken
Energy stock at the top of the market for $850,000, a 200% profit, but makes
no report to the SEC until March 1991. GW Bush� says later the SEC misplaced
the report. An SEC representative responds: "nobody ever found the 'lost'
filing." One week after Bush's sale, Harken reports an earnings plunge.
Harken stock fell more than 60%.
From an Austin American-Statesman article, wherein we find out about a
financial report that uncovered how George W. "Dubya" Bush,� pulled one
heckuva ranny on his old alma mater, Harvard:
"In a little-known episode, the report found that Harvard University, where
Bush earned a business degree, came to the rescue of Bush's oil exploration
company, Harken Energy Corp. Harvard's endowment managers, who included at
least one director with ties to the Bush family, invested about $20 million
in the then-struggling company a month after Bush came on its board. The
investment turned sour in 1990, with a loss of millions of dollars, but Bush
sold most of his shares two months earlier.
Joe Wrinn, spokesman for the university, denied that personal ties had any
bearing on the stock purchase. "Harvard would never be so irresponsible as to
make multimillion investments based on a personal connection," he said.
"Harvard would like every investment to come out ahead, but they don't."
Published on 04/30/1991:��� SOURCE: By Richard Kindleberger, Boston Globe
Staff
