LA Times: Bush uncle benefits ($2.7 million) from war spending

[Newsjock]

http://www.southcoasttoday.com/daily/03-06/03-23-06/11world-nation.htm

By WALTER F. ROCHE JR. , Los Angeles Times

WASHINGTON — As President Bush embarks on a new effort to shore up public support for the war in Iraq, an uncle of the chief executive is collecting $2.7 million in cash and stock from the recent sale of a company that profited from the war.

A report filed with the U.S. Securities and Exchange Commission shows that William H.T. Bush collected a little less than $1.9 million in cash plus stock valued at more than $800,000 as a result of the sale of Engineered Support Systems Inc. to DRS Technologies of New Jersey.

... The field-generator contract was a major source of revenue, but SEC files show ESSI did not inform stockholders of the stop order until last June, about seven months after it was issued.

During the interim, several ESSI executives, including Bush's uncle, cashed in stock and stock options worth millions of dollars, SEC filings show.

According to one recent filing, both the SEC and the U.S. attorney in St. Louis are investigating the delayed disclosure and other matters. Unnamed members of the ESSI board and corporate officers have been subpoenaed, according to documents filed with the SEC.

more

[Greeby]

1. Is that all?

:eyes:

[saigon68]

10. Nohing will happen to these people

They are privileged

[Erika]

2. Yeah, if he wasn't shown attacking anyone with a gun

No charges. It's the Bush world. Stealing from the workers and stockholders are fine, but let's keep violence out of it.

[Erika]

3. Yeah, if he wasn't shown attacking anyone with a gun

No charges. It's the Bush world. Stealing from the workers and stockholders are fine, but let's keep violence out of it.

[LynnTheDem]

4. I'm shocked...SHOCKED I tell ya!

Really I am!

:eyes:

[Voltaire99]

5. War profiteers: $cummiest of the $cum

And this war is all about the Benjamins:

http://www.guardian.co.uk/Columnists/Column/0,5673,897814,00.html

[teriyaki jones]

6. The Bush Crime Family . . .

has a long, proud tradition of war profiteering. It has been very, very good to them.

[reprobate]

24. Just google 'Prescott Bush" to see where it started. He financed....

George's hero, Adolph. Prescott's Union Bank financed Germany's military build up in the 1930s. It was confiscated by our government for trading with the enemy in 1942.

The BFEE not only has a long tradition of profiteering, it also has a long tradition of TREASON!

George Sr. was a pilot in WWII but then was the prime mover for the October Surprise and Iran-Contra, which caused Iran to hold our hostages until Ray-Gun was inaugurated.

Meanwhile, brother Neil get the contract for the Florida FCAT preparation materials. His brother Jethro (John Edward Bush-JEB) is governor, his brother Dubya pushed the No Child Left Behind bill so that Neil could make three BILLION dollars off it. He charges the state three dollars per student per year for some workbooks.

This family is it's own little mafia. They should all be in prison. Paricularly Barbara for spawning this litter.

[Starbucks Anarchist]

7. That's the only kind of "family values" * cares about.

[sabra]

8. kick

:kick:

[loudsue]

9. Do any DUers know which State William H.T. Bush lives in?

Just wondering....I ran across the name William Bush at work 2 days ago.

Just curious if it's the same dude.

:kick::kick::kick:

[OKNancy]

11. Kick

[Judi Lynn]

12. Bush's Uncle Earned Millions in War Firm Sale

Published on Thursday, March 23, 2006 by the Los Angeles Times
Bush's Uncle Earned Millions in War Firm Sale
An SEC filing shows William H.T. Bush collected about $1.9 million in cash, plus stock valued at $800,000, from the deal.

by Walter F. Roche Jr



William H.T. Bush, better known as 'Uncle Bucky,'
brother of former President George H.W. Bush.


WASHINGTON — As President Bush embarks on a new effort to shore up public support for the war in Iraq, an uncle of the commander in chief is collecting $2.7 million in cash and stock from the recent sale of a company that profited from the war.

William H.T. Bush, better known as 'Uncle Bucky,' brother of former President George H.W. Bush.

A report filed with the U.S. Securities and Exchange Commission shows that William H.T. Bush collected just under $1.9 million in cash plus stock valued at more than $800,000 from the sale of Engineered Support Systems Inc. to DRS Technologies of New Jersey.

The $1.7-billion deal closed Jan. 31. Both firms have extensive military contracts.

William Bush was a director of Engineered Support Systems. Recent SEC filings show he was paid cash and DRS stock in exchange for shares and options he obtained as a director.
(snip/...)

http://www.commondreams.org/headlines06/0323-01.htm

[movonne]

13. What a fucking pig...he looks like the town drunk and probably is...

[jeff30997]

15. What a family!

The town drunk is the uncle of the village idiot.

[movonne]

17. Very good..

[leQ]

18. he does have that otis look to him (n/t)

[Marie26]

20. But more evil

Doesn't he just look like a slimeball?

[brentspeak]

14. Who says war is good for nothing?

:sarcasm:

[central scrutinizer]

16. He's OK, but what about that Billy Carter and Roger Clinton??

they were embarrassments to the entire Murkan people.

[Art_from_Ark]

23. Did Billy Carter and Roger Clinton benefit from wars

started by their relatives?

[central scrutinizer]

25. that was sarcasm

sorry, I thought it was obvious so I didn't use :sarcasm:

[wordpix2]

19. calling the IRS, calling the IRS to do an audit...

[DUHandle]

26. As I read the Wiki entry

he's doing very well on health insurance mergers.

[lovuian]

21. The Bush Dynasty cashing in on the family businesses

this is what happens when your nephew is king... you get rich!!!

[WinkyDink]

22. More here:

http://www.sourcewatch.org/index.php?title=William_H.T._Bush