Fahrenheit 9/11 (2004): Saudi Investment in Bush

The clip Saudi investment in Bush from Fahrenheit 9/11 (2004)

Bush ran Arbusto into the ground...
...as he did every other company he was involved in...
...until finally one of his companies was bought by Harken Energy...
...and they gave him a seat on their board.
A lot of us suspected through the years that there has been...
...Saudi oil money involved in these companies:
Harken, Spectrum 7, Arbusto Drilling, all the Bush companies.
Whenever they got in trouble, there were these angel investors...
...who flowed money into the companies.
The question is, why would Saudis, who had all the oil in the world...
...go around the globe to invest in this lousy oil company?
And the thing is, Harken had one big thing going for it...
...which is that George W. Bush was on its board of directors...
...at a time when his father was president of the United States.
When you're the president's son and you've got unlimited access...
...combined with some credentials from a prior campaign...
...in Washington, D.C., people tend to respect that. Access is power.
And I can find my dad and talk to him any time of the day.
Yes, it helps to be the president's son...
...especially when you're being investigated...
...by the Securities and Exchange Commission.
In 1990, when Mr. Bush was a director of Harken Energy...
...he received this memo from company lawyers...
...warning directors not to sell stock if they had...
...unfavorable information about the company.
One week later, he sold $848,000 worth of Harken stock.
Two months later, Harken announced losses of more than $23 million.
The James Baker law partner who helped Bush...
...beat the rap from the SEC...
...was a man by the name of Robert Jordan...
...who, when George W. became president...
...was appointed ambassador to Saudi Arabia.

1. By: AnyClip
2. Categories Entertainment
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4. Added :28-Oct-11
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