A BuzzFlash Reader Commentary
July 17, 2002
Hark: The Harken Tale, According to George W. Bush
Hark: the Harken tale, according to George W. Bush
How the scam worked:
The one thing Mr. Bush does not try to explain is the Aloha Petroleum "purchase" shell game. This was how the scam worked: A partnership of Harken Energy insiders purchased a Harken subsidiary called Aloha Petroleum for far more than it was worth using money loaned to them by, surprise! -- Harken Energy -- the better to hide the deal, and then listed a phantom $10. million profit, enabling Harken to hide three-fourths of its actual 1989 losses.
Things may not be "black and white" in George W. Bush's accounting world, but they sure are subject to much hide-and-seek.
Then there's the matter of Bahrain. But, we'll save that for another day.
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