PROFITS OF DEATH -
Part III in a Special FTW
Series on Insider Trading and September
ROADS LEAD TO DEUSTCHEBANK AND HARKEN ENERGY, W's OWN 1991
INSIDER TRADING SCAM - THE MOTHER OF ALL ENRONS
Tom Flocco and Michael C. Ruppert
by Michael C. Ruppert
[© Copyright 2002,
From The Wilderness Publications, www.copvcia.com. All Rights Reserved.
May be recopied, distributed or posted on the worldwide
web for non-profit purposes only.]
[Editor's Notes - In
Part I of this series FTW, thanks to the brilliant research
of Tom Flocco, demonstrated that the CIA has, in fact, been
involved in monitoring stock trades on world financial markets,
and that current CIA executives have had recent business
relationships with firms handling obvious insider trades
connected to the attacks of September 11th. Those connections
ran directly into the heart of German financial giant Deutschebank.
In Part II we documented that a former Deutschebank executive,
Kevin Ingram, had recently been convicted on drug and money
laundering charges that were directly a result of attempts
to arm Islamic terrorist groups. Now in Part III, we conclude
this series by revealing a devastating conflict of interest
in investigating these leads on the part of President George
W. Bush by virtue of his own past insider trading through
Harken Energy in Bahrain
apparently deliberate omission of key mid-Eastern banks
in these two countries from post 9-11 investigations suggests
clearly that the principal financial institutions of the
countries where Harken did business have something to hide
which the Bush Administration does not want to see the light
of day - especially as potentially explosive Enron investigations
After our publication
of Part II a number of careful FTW readers were careful
to point out that our description of "put" options was oversimplified
to the point of describing a short-sell, rather than the
more highly leveraged "put option." We acknowledge this
error but re-emphasize that the point of these stories -
which could easily be sidetracked into lengthy and detailed
discussions of the workings of financial instruments - is
not the trades themselves, but who might have made the trades,
why they made them and, most importantly, why the Bush Administration
wants so desperately to conceal information about them from
the world. - MCR]
9, 2002 -- President George W. Bush may have
personal reasons for hampering investigations into insider
trading connected to the attacks of September 11th. There
is substantial evidence suggesting that a detailed investigation
into Deutschebank's connection to Islamic terrorists and
9-11 might reopen a mysteriously closed 1991 investigation
of criminal insider trading connected to Harken Energy,
a Houston company where George W. Bush served on the board
of directors as a major stockholder with his some of his
father's key campaign contributors. On January
30, 1990 Harken, with a remarkably unsuccessful
history of drilling projects, signed major oil drilling
contracts with Bahrain.
Five months later, Bush's company suffered an unexplained
huge loss of stock value just prior to the Gulf War -- but
not before the future president had already cashed out,
making close to a million dollars selling his own stock.
Because of 9-11 leads suggesting the possible involvement
of certain Arab banks in financing the attacks, a conflict
of interest exists, clearly limiting how far the President
would be willing to pursue the most obvious leads. And U.S.
government investigations since 9-11 have avoided looking
at key Middle Eastern banks in Bahrain
already linked to terrorist activities.
In fact, two banks
located in Bahrain
- The Faysal Islamic Bank and the Kuwait Finance House -
which had been listed in European reports as having terrorist
ties were glaringly omitted from George W Bush's financial
crackdown after September 11th. [Source: The Inner City
Both banks have correspondent relationships with Deutschebank.
In spite of mounting
evidence of a number of connections between German financial
giant Deutschebank and the terrorist attacks of September
11 - including previously documented links to insider trading
based upon events of 9/11 - no press agency or government
entity is questioning why certain banking institutions in
Kuwait and Bahrain with deep financial ties to the Bush
family have been overlooked in the President's supervision
of a so-called "worldwide crackdown on terrorist financing."
Reuters reported on 11-7-2001
that the Treasury Department added 61 additional people
and organizations to the President's original Executive
Order of September 23 -- including banks in Somalia
The Bahamas. But mysteriously, no banks in Bahrain,
or Saudi Arabia
were named in either the original order or its expansion.
Moreover, the President's
lack of effective direction and oversight of terrorist finance
appears to be abetted and endorsed by the U.S. Congress.
Just 32 days before
the attack on the World
and Pentagon, a Financial Times of Asia (FT) Wire-Business
Line report linked Deutschebank to the United States Central
Intelligence Agency (CIA), Pakistani and Afghani heroin
smuggling, and money laundering of narcotics proceeds (8-10-2001). Retired Pakistani
intelligence chief Brig Imtiaz was jailed for eight years
on July 31, 2001 for laundering heroin
profits -- for covert actions -- via a CIA-linked drug smuggling
cell, using Deutschebank and other financial entities and
Former State Department
official Jonathan Weiner confirmed that Bahrain,
and the United Arab Emirates
have been of little help to federal officials regarding
known terrorist funds moving back and forth between those
countries. Weiner made these statements in a National Public
Radio (NPR) interview on 11-21-2001.
Weiner told host
Linda Wertheimer, "Since September 11th, all those
countries have frozen accounts or have looked in their banking
systems for the money of people associated with terrorist
finance, [and] have gone through the entire list provided
by the United States."
He added that "country
after country has announced, 'we've looked for funds. We've
looked diligently. We've been ready to freeze some funds.
We just haven't found anything.' No money in the UAE, no
money in Kuwait."
Weiner then revealed, "There is, I can tell, no money
announced in Saudi Arabia,
none announced in Bahrain.
that we know [that terrorist] funds came out of there and
we know [that terrorist] funds went back there, their inability
to find funds is pretty astonishing," said the former
State Department official.
While 15 of 19 hijackers
were Saudis, it is Bahrain and Kuwait's strange lack of
assistance in ferreting out terrorist financial support
and insider trading evidence that raises questions, given
their extremely close ties to both Bush presidents.
The close financial
relationships of both Bush 41 and Bush 43 (referring to
their respective presidencies) with government officials
of Bahrain as stockholders via Texas corporation Harken
Energy, which had secured major drilling rights came during
the period when the elder Bush and his advisor son were
making U.S. military decisions prior to the Gulf War. Many
Harken investors were major campaign donors to Bush 41.
Bush made his first million dollars as a result of a classic
insider stock trade--directly related to the sale of his
stock in Harken. Moreover, Bush's oil stock sale was
finalized immediately prior to Iraq's invasion of Kuwait
-- at the height of its share price -- before plummeting
days later on news of Iraq's invasion.
George W. avoided
prosecution, thanks to some "well-connected" lawyers,
and a soft investigation of Securities and Exchange Commission
(SEC) violations -- supervised by a presidential parent
who pulled the strings with SEC enforcement staff. This,
as current and past Enron employees have now lost their
pensions as a result of illegal insider stock sales in the
oil industry through another company directly connected
to the Bushes.
George H. W. Bush,
the elder is a hero, an icon, with his picture in Kuwaiti
public buildings, and has been a regular visitor to Kuwait
since U.S. the Gulf War.
that Kuwait Finance House and Faysal Islamic Bank of Bahrain
are both correspondent banks with Deutschebank, questions
remain as to why President Bush would not place them on
his list of banks under scrutiny for terrorist ties, given
the German bank's many links to the 9/11 attacks and the
above revelations by a former State Department official.
BANKING ON TERRORISM
According to German
news weekly Der Spiegel, Deutschebank handled accounts for
the bin Laden family worth $103 million British pounds (The
London Guardian, 10-1-2001).
The New York Times
(9-29-2001) added that FBI officials are "focusing
more than ever on Germany," and in particular, an apartment
used by Mohamed Atta -- considered the lead hijacker --
and Ramzi Muhammad Abdullah Bin Al Shibh, who also shared
the apartment with other hijackers. Fox News and the Washington
Post both reported on 1-2-2001 that Al Shibh wired $14,000
to Zacarias Moussaoui, now in U.S. custody and referred
to as the "20th hijacker."
An American official
said "It looks like it was organized in Germany...
there is clear evidence of meetings between Mr. Atta, Mr.
al-Shehhi, and Mr. Jarrah, three of the four suspected hijackers,"
according to the Times.
a Syrian businessman whose bank accounts were frozen after
the attacks, has been implicated by American officials as
an associate of Osama bin Laden who took part in a 1996
attack on U.S. troops at the Khobar Towers in Saudi Arabia.
U.S. officials say currently jailed terrorist and bin Laden's
highest ranking associate in U.S. custody -- Mamdouh Mahmud
Salim -- named Darkazanli as the co-signer of Salim's bank
account at Deutschebank in Hamburg, also according to the
Times. The bin Laden family, with whom the Bushes have had
long standing business deals through The Carlyle Group,
was later awarded the contract to rebuild the facility.
The New York paper
reported that Deutschebank was also linked to Wadih el-Hage,
a naturalized American citizen from Lebanon who served as
bin Laden's personal secretary at his Sudan office, and
was named by prosecutors as also setting up terrorist front
businesses for bin Laden in Kenya during 1994.
card lists Mamoun Darkazanli's current apartment as his
Hamburg address, while his confiscated address book lists
Darkazanli's address, phone numbers and yet another Deutschebank
account in Hamburg -- but not the same account as Salim's.
suspect that Darkazanli was supporting bin Laden's Al-Q'aeda
network financially, using Deutschebank as his supporting
entity for terrorism.
According to the
Asian Wall Street Journal (9-28-200), insiders familiar
with the family say the bin Ladens do most of their banking
with the London branch of Deutschebank and the Saudi National
Commercial Bank; however, they also use Citigroup, a bank
long linked to drug money laundering and on whose board
of directors sit former CIA Director John Deutch and former
Treasury Secretary Robert Rubin. Rubin is also the former
CEO of Goldman Sachs which was once the home of convicted
Deutschebank drug money launderer Kevin Ingram. (See
"CORRESPONDING" LACK OF INTELLIGENCE
Carl Levin's Minority Banking Report of February 2001 calls
correspondent banking the "gateway to money laundering,"
a financial technique wherein illicit money is moved from
bank to bank with "no questions asked," thereby
cleansing funds prior to being used for legitimate purposes.
Via correspondent banking relationships, banks not licensed
in the U.S. may gain access to American financial markets
by establishing a correspondent relationship with banks
that are. Deutschebank is licensed in the U.S. and maintained
offices at the World Trade Center. All U.S. Deutschebank
records were destroyed in the September 11 attacks.
An obvious question
then is why none of these Middle Eastern financial institutions
have felt the sting of U.S. investigative wrath since the
In another curious
disclosure, the FBI also says al Shamal Islamic Bank --
Osama bin Laden's personal bank -- headquartered in Khartoum,
Sudan -- which the terrorist leader helped capitalize with
$50 million in private funds, "is being investigated
by U.S. or overseas authorities." According to U.S.
News (10-8-2001), the Bureau won't say which authority.
President Bush, however, has failed to place Osama
bin Laden's al Shamal Islamic Bank in his Executive Order
-- freezing all of its correspondent transactions with other
banks of the world. [See http://www.banking.state.ny.us/il01102a.pdf
This is especially
strange, since the Washington Post (9-29-2001) reported
that a an unnamed bin Laden associate testified (at the
U.S. trial on the 1998 African embassy bombings) that "$250,000
was wired from al Shamal Islamic Bank directly into the
bin Laden cohort's Texas bank account -- where he used it
to buy a plane delivered to bin Laden... intended to transport
Stinger missiles...." Two months later, FT (11-29-2001)
offered more information, reporting that "The money
was wired from the Wadi al Aqiq account at al Shamal bank
via Bank of New York to a Bank of America account held in
Dallas, Texas by Essam al Ridi. Al Ridi, an Egyptian flight
instructor who met bin Laden in Pakistan in 1985, flew the
plane to Khartoum."
Congress has not
sought to inquire as to whether bin Laden's Stinger missiles
were flown directly out of Texas, or how his fellow terrorists
were able to buy a plane in Dallas to illegally transport
arms, or how a bin Laden associate was able to become a
Texas flight instructor -- let alone whether he taught other
terrorists how to fly airplanes in Dallas.
A Financial Times
of Asia Wire story (8-10-2001) revealed that dirty money
profits for covert actions resulting from CIA-linked heroin
smuggling (which is a primary means of financing terrorist
operations) through Pakistan and Northern Afghanistan have
been shown to find their way into the international banking
system. This was the role played by Kevin Ingram, formerly
of Deutschebank in New York as described in Part II of this
And while U.S. News
(10-8-2001) reported that FBI officials say Deutschebank
is "being investigated by U.S. or overseas authorities,"
again the Bureau will not say which authorities, indicating
that the U.S. may not even be taking a lead role in investigating
A spokesman for Deutschebank
said it had provided investigators with information on accounts
linked to members of the bin Laden family (The Guardian,
10/1/01). No further information has been made public.
and current revelations indicate that negligence and the
"prior-knowledge issue" -- insider trading or
otherwise - -will not go away. An executive at a Pan Am
flight school in Minnesota told Rep. James L. Oberstar (D-MN)
and Rep. Martin O. Sabo (D-MN) that he had discussed and
been questioned by an FBI agent on August 15 -- 27 days
before the 9/11 attacks, "warning that a Boeing 747-400,
which [alleged terrorist Zacarias] Moussaoui was seeking
to learn how to fly, could be used as a bomb,'' (Washington
Post, 1-2-2002). But shockingly, the executive also
told the lawmakers that "it took between four and six
telephone calls to find an [FBI] agent who would help,"
according to a letter obtained by the Post.
In a Fox News interview
hosted by Rita Cosby on 1-3-2002, political analyst Dick
Morris exposed more governmental negligence by reporting
that President Bush "used information provided by FBI
wiretaps dating back to 1993 to determine which terrorist-related
bank accounts he would freeze in 2002," -- indicating
lengthy U.S. intelligence prior knowledge of terrorist financial
transactions. Fox's revelation of the additional careless
handling of critical pre-9/11 intelligence data may yet
face scrutiny in three states via courtrooms of victim families,
despite congressional oversight silence -- and a quickly
legislated compensation statute making victim families promise
not to sue the government.
Given evidence of
prior knowledge, insider trading, CIA ties, and other financial
relationships leading directly into Deutschebank
the question is begged as to why "President Bush's
original Executive Order [freezing assets] didn't name any
banks," (Washington Post, 9-29-2001). The President
has the power to freeze American monetary operations connected
to global banks with institutions in countries refusing
to cooperate in his terrorist finance probe.
On December 31,
a U.S. State Department Memo revealed that the president
again avoided dealing with middle eastern countries --
close ties to the Bush family -- by announcing that assets
of 1 German and 5 Irish terrorist-linked organizations
been frozen--but still no banks linked to the epicenter
of terrorist finances in Bahrain, Kuwait, Saudi Arabia,
or the United Arab Emirates had been touched (http://usinfo.state.gov/topical/pol/terror/02010202).
THE CIA, TERROISM
AND DRUG MONEY
organized crime connections to money laundering also lead
back to Deutschebank, Pakistan, and terrorist financing.
On September 5, 1999,
the German newspaper Weld am Sonntag quoted Deutschebank
CEO Rolf Breuer saying that "It could be that we were
abused as an intermediate coordinating point" in the
fast-developing Russian money laundering scandal. Deutschebank
and its U.S. affiliate Bankers Trust (BT) filed "suspicious
transaction" reports about Russian clients, as BT had
"correspondent banking" relationships with Russia's
Inkombank, which "allegedly had ties to organized crime,"
according to USA Today ( 8-27-1999 ). Moreover, an Inner
City Press story (9-11-1999) also revealed that German magazine
Der Spiegel quoted Breuer as admitting that it was "possible"
his bank was "misused" as an intermediary for
The FT Asia Wire
report (8-10-2001) suggested that at least 30 Pakistan Army
and Inter-Services Intelligence (ISI) officials, serving
and retired have accumulated wealth through heroin smuggling.
In pervious stories, FTW and other news agencies have thoroughly
documented that the Pakistani ISI is a creation and surrogate
of the Central Intelligence Agency.
The FT report also
revealed that "Pakistani residents are allowed to maintain
dollar accounts with no questions asked about the origin
of the money and about its liability for income tax."
FT added that "the total amount of dollars in private
circulation since the military regime came to power was
almost equal to that in the Government coffers, if not more....[and]
largely, if not totally, derived from the heroin trade."
CIA and Deutschebank ties to heroin smuggling and money
laundering were also revealed by the FT story. "In
the 1980's, at the instance [sic] of the Central Intelligence
Agency, the Internal Political Division of the [Pakistani]
Inter-Services Intelligence (ISI), headed by Brig Imtiaz...
started a cell for the use of heroin for covert actions.
This cell promoted the cultivation of opium and the extraction
of heroin in Pakistan as well as in those parts of Afghanistan
under Mujahedeen control for being smuggled into the Soviet-controlled
areas to get the Soviet troops addicted.
"After the withdrawal
of the Soviets, ISI's [Pakistani] heroin cell started using
its network of refineries and smugglers to send heroin to
the West and use the money to supplement its legitimate
economy... After capturing power on October 12, 1999, Gen.
Pervez Musharraf had Brig Imtiaz, because of his proximity
to Mr. Nawaz Sharif, arrested and prosecuted for having
assets disproportionate to his known sources of income....He
was convicted by a court on July 31, 2001 (52 days before
the 9-11 attacks), and jailed for eight years.
evidence produced in the court by the National Accountability
Bureau, Brig Imtiaz had foreign exchange bearer certificates
worth $20 million, a Pakistani rupee account in the Union
Bank with a balance of Rs 2.13 billion, a dollar account
in Deutschebank with a balance of $19.1 million, five residential
houses, five commercial units and three shops. This huge
wealth was allegedly accumulated by him through heroin smuggling."
AND DEUTSCHEBANK - THE DOOR TO HARKEN ENERGY
According to attorney
Matthew Lee of Inner City Press (ICP), after September 11,
regulators in Luxembourg, former headquarters of the notorious
Pakistani Bank of Credit and Commerce International (BCCI),
circulated a list of five banks, in addition to President
Bush's U.S. Executive Order of September 23, freezing the
accounts of suspected terrorist-connected individuals and
In Part II of the
Profits of Death series, located at: (http://www.fromthewilderness.com/free/ww3/12_11_01_death_profits_pt2.html)
the U.S. government's ongoing scrutiny
of terrorist banking was documented in an AP story by Catherine
Wilson. The story provided clear indication that U.S. intelligence
agencies routinely monitor banking transactions in terrorist-related
cases. Wilson wrote about the current prosecution of Egyptians
in a case connected to former Goldman Sachs and Deutschebank
securities trader Kevin Ingram's attempt to launder heroin
and cash for the illegal sale of weapons to Islamic terrorists.
She added that "numerous promised wire transfers never
arrived, but there were discussions of foreign bankers
payoffs to move the money to purchase weapons into the
Moreover, the AP
story never questioned how the federal agents knew the names
of particular banks and bankers, so as not to arouse suspicion
on the part of Kevin Ingram and the other Middle Eastern
accomplices, because the bankers had previously been "in-the-loop"
of drug money laundering and illegal arms sales.
The Bush Administration
would necessarily have to be concerned if congressional
investigations of Deutschebank ties to Faysal Islamic Bank
of Bahrain and Kuwait Finance House started to dredge up
and revive old financial investigations into the 1991 probe
of Harken Energy.
AN INSIDE TRADER
DIRECTS PROBE OF INSIDE TRADERS - THE MOTHER OF ALL ENRONS
One reason why the
Administration has not frozen the assets of the two banks
in Kuwait and Bahrain with correspondent relationships with
Deutschebank leads directly to Harken.
The probe in question
is tied to Bahrain and Kuwait, and directly involves George
W. Bush and SEC lawyers appointed by his father. According
to SEC records, on four separate occasions President George
W. Bush disregarded federal statutes by failing to file
insider stock trade reports on a timely basis, back-dating
one trade by some four months. (Harken Energy SEC Abstract
Filing, transaction date: 6-22-1990; Oil stock sale made
41 days prior to Iraq's attack on Kuwait -- $848,560 profit,
filing date: 3-4-1991- 8 1/2 months late and reported to
the SEC two days after Gulf War was over on 3-2-1991; Harken
Energy SEC Abstract Filing, transaction date: 6-16-89, filing
date: 10-23-1989 -- 17 weeks late.) [Sources: Wall Street
Journal, 4-4-1991 and 9-28-99; Time, 10-28-1991; U.S. News,
3-16-1992; Associated Press, 10-28-94; Houston Post, 10-18-1994.]
The younger Bush
denied the charge of insider trading in spite of his positions
on the Harken Energy board of directors, audit committee,
and stock restructuring panel. He added that he had no idea
Harken was going to get an audit report full of red ink
until weeks after he had made his stock sale.
1999 into January, 2000, journalist Tom Flocco's former
research associate, Mario Calabrese, repeatedly called the
SEC requesting copies of George W. Bush's original Harken
Energy stock filings. After some 3 1/2 weeks of calls
made during the critical Florida Supreme Court and U.S.
Supreme Court arguments deciding the Bush-Gore election,
SEC representative Linda Thompson called Mr. Calabrese on
January 14, 2001 to confirm that all original Bush SEC documents
had been destroyed. Thompson said that "the dates you
requested have all met their (6 year) retention time."
It is possible that copies are still available via
major search engines.
The future president
completed his key insider trade eight days before Harken
announced a $23 million second quarter corporate loss and
about six weeks before the invasion. Having just profited
by nearly $1 million--representing a 200 % insider windfall--George
Jr. watched Harken stock take a nosedive on the bad news.
Thus, Harken Energy, a Houston oil company doing business
in Bahrain, wherein some of his father's largest contributors
also maintained substantial stock positions, made George
W. his first million which served as seed money for his
upcoming Texas Rangers deal.
The April 4, 1991
Wall Street Journal added that "Mr. Bush did not return
their phone calls seeking comment, and the Bush White House
tersely said 'It doesn't comment on the activities of the
president's children.'" Moreover, the SEC also declined
to comment, according to The New York Times. [3-9-92]
Neither the younger
Bush nor the media made much of the blatant conflicts of
interest since the chairman of the SEC was Richard Breedon,
former lawyer with Houston firm of Baker and Botts. Breedon
had served as deputy counsel to Bush 41 when he was Vice
President under Ronald Reagan.
Moreover, the SEC
investigation of George W. was led by general counsel James
R. Doty who, according to a UPI report, mysteriously neglected
to interview any of the Harken directors --including the
younger Bush -- regarding "enforcement" oversight.
Moreover, Doty had previously served as George W.
Bush's personal lawyer Bush 43's purchase of the Texas Rangers
So, in the end, a
future president--George W. Bush -- was cleared of insider
trade wrongdoing by his personal attorney and by his father's
counsel. That said, the Bush Administration is currently
keeping a low profile regarding campaign contributors at
Enron Corporation which participated in insider stock sales
that bankrupted the corporation while Enron employees were
prohibited from cashing in their Enron stock-based 401K
plans as their value plummeted.
BUSH IN BAHRAIN
- PUBLIC AND PRIVATE
In October 1991,
Time Magazine questioned why the tiny country of Bahrain
would stake so much of its financial future on Harken Energy,
which it labeled an "obscure, money-losing company
with no refineries and no experience in offshore oil exploration."
The magazine also noted that oil insiders speculated
that Bahrain's rulers saw the arrangement as a way to gain
influence with the Bush Administration.
In January, 1991,
The Village Voice reported a potential nexus regarding foreign
policy and personal financial interests as in 1990, the
Bush Administration signed an agreement with Bahrain that
chose the small country as the permanent principal allied
base in the Middle East, although it was some 200 miles
away from the hostilities in Iraq and Kuwait.
The military base
deal came right after Harken announced its January 30, 1990
joint oil-drilling venture with Bahrain, suggesting that
the elder Bush's contributors and his son, the future President
of the United States, were involved in personal financial
business involving Harken, while also making decisions -
including dispatching Ambassador April Glaspie to tell Saddam
Hussein that it's actions vis a vis Kuwait were none of
the U.S.'s business - that led directly to the Gulf War.
And neither Bush
let the press know that they had permitted Kuwait and Bahrain
to infuse $19.6 million in foreign cash to hire U.S. public
relations firm Hill & Knowlton to lobby Congress and
the American people into a war frenzy against Iraq.
A former U.S. ambassador
to Bahrain, Sam Zakhem, funneled $7.7 million in advertising
and lobbying dollars through two front groups: Coalition
for Americans at Risk (a former front group for the contras
in Nicaragua) and Freedom Task Force. The Iran-Contra front
group prepared and placed TV and newspaper ads and had 50
speakers available for pro-war rallies and publicity events;
however, neither disclosed Bahrain as the source of the
money. [Source: O'Dwyer's Foreign Agent Registration
Act Report, October, 1991 and "Flacking for the Emir,"
by Arthur E. Rowse, The Progressive, October, 1991]
AN ILLEGAL PRIVILEGE
TO "NOT" RELEASE DOCUMENTS
On March 16, 1992,
U.S. News & World Report said that "according to
documents on file with the Securities and Exchange Commission,
Bush 43's position on the Harken (restructuring) committee
gave him detailed knowledge of the company's deteriorating
Spokesmen from Texas
Gov. Ann Richards' campaign said "Was this a real investigation,
or was it a whitewash of an insider stock sale by the son
of the sitting president?" UPI noted that "while
Bush claims the [conflicted] SEC investigation absolved
him of illegal insider trading, he has refused to release
the investigation files."
The younger Bush
has continued his practice of hiding family information
(which should be publicly available) to Congress and the
American people. On September 18 he asserted "Executive
Privilege" in a proclamation refusing to release his
father's vice-presidential and presidential papers as required
by law. This is a violation of the Presidential Records
Act of 1978. What those documents might have revealed
remains a mystery that only legal action by families of
the victims of 9-11 might disclose.
On December 20, 2001,
Fox News analyst, Judge Andrew Napolitano, quoted Congressman
Dan Burton, Chairman of the House Government and Reform
Committee, saying that "George Bush is abusing his
power regarding executive privilege in refusing to release
documents." Burton (and other members of the House
Government Reform Committee are) attempting to acquire the
elder Bush's papers, Vice President Cheney's closed-door
energy policy meeting papers and closed FBI investigative
reports of alleged wrongdoing in the Bureau's Boston field
office. All requests have been denied by Bush and Cheney.
It does not seem
likely that Chairman Burton will push for records that may
reopen Harken energy in the past or shed light on Enron
in the present. Only an as-yet nonexistent suit filed in
civil court by families of the victims of 9-11 would have
the necessary legal clout to drag the records into court.
In the meantime all the profits of death remain hidden behind
a wall of government secrecy.
Tom Flocco is a
freelance writer and researcher. Email: TomFlocco@cs.com
in the Profits of Death series:
PART I - CIA Does
Not Deny Stock Monitoring Outside the U.S.:
PART II - Trading
With The Enemy: