:29:00
And they gave him a seat on their board.
:29:03
A lot of us have suspected through the years that,
:29:06
that there has been Saudi oil money involved
:29:08
in all of these companies:
:29:10
Harken, Spectrum 7, Arbusto Drilling,
:29:14
all of the Bush companies.
:29:15
Whenever they got into trouble
:29:16
there were these angel investors
:29:18
who flowed money into the companies.
:29:20
So the question is why would Saudis
:29:23
with all the oil in the world go around the globe
:29:27
to invest in this lousy oil company?
:29:30
And the thing is it had one big asset,
:29:32
Harken, Harken had one thing going for it
:29:34
which is that George W. Bush
:29:36
was on its board of directors
:29:37
at a time when his father was
:29:38
President of the United States.
:29:41
When you're the President's son
:29:42
and you've got unlimited access
:29:44
combined with some credentials
:29:46
from a prior campaign,
:29:48
in Washington DC people tend to respect that;
:29:50
I mean, access is power and, uh,
:29:53
I can find my dad,
:29:55
talk to him any time of the day.
:29:58
Yes, it helps to be the Presidents son.
:30:00
Especially when you're being investigated
:30:03
by the Securities and Exchange Commission.
:30:05
In 1990 when M. Bush was a director
:30:07
of Harken Energy he received this memo
:30:09
from company lawyers warning directors
:30:11
not to sell stock
:30:13
if they had unfavorable information
:30:15
about the company.
:30:16
One week later
:30:16
he sold $848,000 worth of Harken stock.
:30:20
Two months later,
:30:21
Harken announced losses of
:30:22
more than $23 million dollars.
:30:24
The James Baker law partner
:30:26
who helped Bush beat the wrap rom the SEC
:30:28
was a man by the name of Robert Jordan
:30:31
who, when George W became President,
:30:34
was appointed ambassador to Saudi Arabia.
:30:42
After the Harken debacle
:30:43
the friends of Bush's dad
:30:45
got him a seaton another board
:30:47
of a company owned by the Carlyle Group.
:30:51
We wanted to look at which companies
:30:53
um actually gained from September 11th.
:30:55
Turned up this company Carlyle Group.
:30:56
The Carlyle Group is a multinational conglomerate
:30:59
that invests in heavily government regulated industries