-Caveat Lector- ------- Forwarded message follows ------- Date sent: Thu, 04 Jul 2002 02:01:43 +0000 From: bakeknedeisen <[EMAIL PROTECTED]> Subject: [CIA-DRUGS] Harken timeline To: [EMAIL PROTECTED] >
RECOVERED HISTORY [Here are a few queries we published in 2000 under the heading "Questions the media probably won't ask George W. Bush"] PROGRESSIVE REVIEW, 2000 - In 1984, after your firm, Arbusto Energy, had fallen on hard times, you managed to get a job as the 30-something president of Spectrum 7 Energy Corporation, the firm that purchased Arbusto. You also got 14% of the Spectrum's stock. Meanwhile, your 50 investors in Arbusto got paid off at about 20 cents on the dollar. Is this the sort of thing your new economic advisor, Lawrence Lindsey, was thinking of when he said Americans had become too greedy? - Or might he have been thinking of the deal in 1986 when, after Spectrum 7 had lost $400,000 in six months, you sold it to Harken Energy, becoming a major Harken stockholder and receiving a good salary as a director and consultant? - Or was it that time when you sold two-thirds of your Harken stock for a 200% profit on June 22, 1990, just 40 days before the start of the Gulf War and one week before the company announced a $23 million quarterly loss, setting off a 60% drop in share price over the next six months? - Why were you so valuable to these companies given your less than impressive business acumen? - When you and your Harken partners ran short of cash and hooked up with investment banker Jackson Stephens of Little Rock, Arkansas, he got you a $25 million stock purchase by Union Bank of Switzerland. Did you know that Sheik Abdullah Bakhsh, who joined your board as a part of the deal, was connected to BCCI? - Did you know that the United Bank was connected to BCCI (including its operations in Panama), the Nugan Hand Bank (a notorious CIA-front in Australia), and Ferdinand Marcos? - Did you know that it was Jackson Stephens who introduced the players in what would turn out to be the infamous First American-BCCI deal? - Why do your think the government of Bahrain chose Harken to drill its offshore wells even though it had never dug overseas or in water before? Why do you think it chose Harken, with no relevant experience, over Amoco, with plenty of it? - Did you ever discuss with your dad Harken-Bahrain deal? - Did any sheiks or other officials ever express any concern over the failure of Harken to find any oil? Do you think they really cared? - Tell us again why you waited almost a year past the legal deadline to file the necessary SEC report on your Harken stock deal. - You borrowed $180,000 from Harken at a low rate. Did you ever pay it back or was it included among that $341,000 Harken listed in SEC documents as loaned to executives and later forgiven? RECOVERED HISTORY Bush, Enron, and Harken JIM YARDLEY, NY TIMES - In his earliest known tie to the Enron Corporation, President Bush, then an oil man in West Texas, joined an energy drilling venture organized in 1986 by a subsidiary of Enron. The drilling operation - which succeeded in striking oil and natural gas in Martin County - came as Mr. Bush's company, the Spectrum 7 Energy Corporation, was struggling to stay afloat during a collapse in world oil prices. The company was also in final negotiations to be taken over by a Dallas-based company, Harken Energy. Executives involved in the drilling venture characterized it as an ordinary business deal. Enron Oil and Gas, then an exploration subsidiary with offices here in Midland, served as operator and majority partner. Mr. Bush's company, which had a 10 percent working interest in the deal, was one of a handful of minority investors . . . It is unclear whether Mr. Bush was involved in the deal because he controlled adjacent mineral leases or if Spectrum 7 was simply sought out as an investor. Bill Morrison, who ran the Midland office of Enron Oil and Gas at the time, said he recalled soliciting about 12 to 15 companies as potential investors in the project, including Spectrum 7. He said many companies, struggling for capital, declined the offer, but Spectrum 7, apparently with cash on hand, signed on for the 10 percent interest. RECOVERED HISTORY From our Bush archives 1986 George W. Bush and partners receive more than $2 million of Harken Energy stock in exchange for a failing oil well operation, which has lost $400,000 in the prior six months. After Bush joins Harken, the largest stock position and a seat on its board is acquired by Harvard Management Company. The Harken board gives Bush $600,000 worth of the company's publicly traded stock, plus a seat on the board plus a consultancy that pays him up to $120,000 a year. When Harken runs short of cash it hooks up with Jackson Stephens, who arranges a $25 million stock purchase by Union Bank of Switzerland. Sheik Abdullah Bakhsh, who joins the board as a part of the deal, is connected to BCCI. 1989 Bahrain officials suddenly break off offshore drilling negotiations with Amoco and decide to deal with Harken Energy, George Bush Jr.'s 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. 1990 January: Bahrain awards exclusive offshore drilling rights to Harken Oil. This is a surprise as Harken is in very shaky financial condition, has never drilled outside of Texas, Louisiana and Oklahoma and had never drilled undersea at all. The Bass brothers are brought in by Harken for sufficient equity to proceed with the effort. Harken's stock price increases from $4.50 to $5.50. 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. Bush Jr. 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 falls more than 60%. Bush uses most of the proceeds to pay off the bank loan he had taken a year earlier to finance his portion of the Texas Rangers deal. August: Saddam Hussein invades Kuwait. Harken's stock price drops substantially. Two months after Bush sells his stock, Harken posts losses for the 2nd quarter of well over $20 million and is shares fall another 24%, by year end Harken is trading at $1.25. Bush has insisted that he did not know about the firm's mounting losses and that his stock sell-off was approved by Harken's general counsel. 1992 First of Harken Energy's wells off Bahrain comes up dry. George W. Bush takes a leave of absence from the firm to work in his father's campaign, saying "I don't want to involve this company in any kind of allegations of conflicts or whatever may arise." JERRY URBAN, HOUSTON CHRONICLE, June 4, 1992: The Financial Crimes Enforcement Network -- known as FinCEN -- and the FBI are reviewing accusations that entrepreneur James R. Bath guided money to Houston from Saudi investors who wanted to influence US policy under the Reagan and Bush administrations, sources close to the investigations say . . . The federal review stems in part from court documents obtained through litigation by Bill White, a former real estate business associate of Bath . . . White became entangled in a series of lawsuits and countersuits with Bath, who for some six years has prevailed in the courts. . . . In sworn depositions, Bath said he represented four prominent Saudis as a trustee and that he would use his name on their investments. In return, he said, he would receive a 5 percent interest in their deals. Tax documents and personal financial records show that Bath personally had a 5 percent interest in Arbusto '79 Ltd., and Arbusto '80 Ltd., limited partnerships controlled by George W. Bush, President Bush's eldest son. Arbusto means 'bush' in Spanish. Bath invested $ 50,000 in the limited partnerships, according to the documents. There is no available evidence to show whether the money came from Saudi interests. George W. Bush's company, Bush Exploration Co., general partner in the limited partnerships, went through several mergers, eventually evolving into Harken Energy Corp., a suburban Dallas-based company . . . Bush said that to his knowledge, Bath's investment was from personal funds, and no Saudi money was invested in Arbusto. Bath, 55, a former U.S. Air Force pilot, declined to comment for the record. Spokesmen for FinCEN and the FBI also declined to comment. According to a 1976 trust agreement, drawn shortly after Bush was appointed director of the Central Intelligence Agency, Saudi Sheik Salem M. Binladen appointed Bath as his business representative in Houston. Binladen, along with his brothers, owns Binladen Brothers Construction, one of the largest construction companies in the Middle East. According to White, Bath told him that he had assisted the CIA in a liaison role with Saudi Arabia since 1976. Bath has previously denied having worked for the CIA . . . Bath received a 5 percent interest in the companies that own and operate Houston Gulf Airport after purchasing it on behalf of Binladen in 1977. BEHIND THE BUSHES http://prorev.com/bush2.htm The article is at: http://prorev.com/indexa.htm That link might take you to the wrong date if you click it in a few days.. so look for July 3 then... ------- End of forwarded message ------- "If this were a dictatorship, it'd be a heck of a lot easier, just so long as I'm the dictator." -GW Bush during a photo-op with Congressional leaders on 12/18/2000. As broadcast on CNN and available in transcript on their website http://www.cnn.com/TRANSCRIPTS/0012/18/nd.01.html Steve Wingate, Webmaster ANOMALOUS IMAGES AND UFO FILES http://www.anomalous-images.com <A HREF="http://www.ctrl.org/";>www.ctrl.org</A> DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance�not soap-boxing�please! These are sordid matters and 'conspiracy theory'�with its many half-truths, mis- directions and outright frauds�is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply. 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