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White House Defends Bush Loans From Texas Company
The White House defended President Bush's $180000 in low interest loans from Harken Energy while he was a director. Ari Fleischer said such programs exist to motivate officers but should be shut down amid corporate scandals. Bush retired the debt by trading shares and received unexercised options. Regulators previously probed insider trading but took no action. The White House refused to authorize full SEC document release.
MENTIONED IN THIS ARTICLE
Washington
White House
Bush
Texas
Ari Fleischer
America
Fleischer
Feans
Harken Energy Corp
Harken
Senate
Tom Daschle
Daschle
D-S.d
CNN
Securities and Exchange Commission
Wall Street
Dan Bartlett
Bartlett
SEC