[Nettime-bold] Re: Bush: His Mother-In-Law Lost More Than $8,000 in Enron

["Ivo Skoric" <ivo@reporters.net>]

Ok. Bush family gained more than it lost from Enron developments. 
But mother-in-laws can be very annoying people if they are not 
satisfied. So, Bush is playing the right hand. Now, that he can't 
possibly hope for another contribution from Enron, he is pissing on 
its grave to please his mother-in-law. He got it both ways, didn't he?
ivo

Date sent:      	Wed, 23 Jan 2002 10:57:05 -0500
Send reply to:  	International Justice Watch Discussion List
             	<JUSTWATCH-L@LISTSERV.ACSU.BUFFALO.EDU>
From:           	Miroslav Visic <visic@PIPELINE.COM>
Organization:   	New World Disorder
Subject:        	Bush: His Mother-In-Law Lost More Than $8,000 in Enron
To:             	JUSTWATCH-L@LISTSERV.ACSU.BUFFALO.EDU


He thinks he can get away with this? $8,000 is a rounding error in
comparison to over $500,000 that ENRON gave him! besides, what does he
have to do with investments of his mother-in-law? It's her money. He
lost nothing, he only gained from Enron.

  ------------------------------------------------------------------------

Bush Says His Mother-In-Law Lost More Than $8,000 in Enron Corp.
Investment

CHARLESTON, W.Va. (AP) -- An angry President Bush revealed that his own
mother-in-law was among Enron Corp.
stockholders who lost money on the failed company -- about $8,100 worth.

Bush said he was ``outraged ... that employees didn't know all the facts
about Enron. My own mother-in-law bought stock last summer and it's not
worth anything
now.''

Bush did not say how much stock Jenna Welch purchased, but said ``she
did not know all the facts'' about Enron's financial situation. ``A lot
of the stockholders
didn't know all of the facts. And that's wrong,'' he said.

White House aides said later that Mrs. Welch bought 200 shares of Enron
stock at $40.90 a share on Sept. 21, 1999. She sold the lot on Dec. 4,
two days after
Enron declared bankruptcy and its stock price plunged to 42 cents a
share. She lost just under $8,100.

Bush, on a trip to West Virginia on Tuesday to promote his economic
stimulus -program, said again he had no intention of releasing details
of Enron contacts with
White House aides who developed his energy plan, saying if ``somebody
has an accusation of wrongdoing, let me know.''

Thousands of Enron employees who bought company stock for their
retirement accounts saw their savings evaporate as Enron tumbled toward
bankruptcy.
Shareholders suffered heavy losses as Enron stock, valued at nearly $90
a share in the fall of 2000, fell below $1.

Bush noted that Congress is investigating the Enron debacle, ``but
Congress also needs to stay focused on the American people. We're in a
war. We've got to make
sure our homeland is secure and we've got to make sure that people can
find work.''

Bush said he did not think the emerging Enron investigation would
distract from his agenda. ``All the facts will come out on Enron,'' Bush
said, noting the
administration has launched a criminal investigation and is reviewing
pension policies in the wake of the company's bankruptcy.

``Our administration has done exactly the right thing,'' he said.
``There have been a couple of contacts and my Cabinet said no help
here.''


--
________________________________________________________________________________

"I did not have business relations with that man, Kenneth Lay!"  George
W. Bush


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