Meet Uncle Bucky: Bush uncle/war profiteer under investigation

[ariellyn]

http://www.rinf.com/columnists/news/bush-uncle-benefits-from-war-spending

Thursday, March 23rd, 2006 - WASHINGTON

<snip>

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 $1.7 billion deal closed Jan. 31. Both businesses have extensive military contracts.

<snip>

SEC filings show there are two ongoing federal investigations of ESSI — one involving a stop order issued by the federal government on the ESSI contract to supply field generators. The order was issued because of operational problems with the units. 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.

<snip>

...known in the president’s family as "Uncle Bucky," joined ESSI’s board in 2000, several months before his nephew became president. William Bush declined to comment yesterday. However, in an interview last year, he said he played no role in ESSI getting federal contracts. "I don’t make any calls to the 202 (Washington, D.C.) area code," he said. :wtf:

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HMMMM...

"I dont make calls to the 202 Area". Sounds like somebody clued Uncle Bucky in on the NSA/AT&T partnership.

[ariellyn]

1. Know your BFEE. nt

[AuntiBush]

5. k&r

[diamondsndust]

2. This whole family is like a cast of bad cartoon characters...

"know in the Bush family as Uncle Bucky" .... :puke: What a bunch of buffoons! Badly drawn cartoon characters, but very adept at robbing the public blind. That whole family should be considered a criminal enterprise.

[ariellyn]

3. They are incestuously and criminally entwined in America's fabric. nt

[AuntiBush]

4. *

Didn't * make Uncle Buck ambassador to Uruguay 'round about the time financial backers bought and formed ESSI?

Wasn't ESSI formed from the now bankrupted Bethlehem Steel Ship & Steel yards in MD?

Didn't this all go down in a NY Federal court sometime after 9/11 (maybe before, but certainly right after, maybe)?

Isn't it a fact that tens of thousands of Beth Steel employees lost everything, but the owner & investors did not?

Wasn't there another company that tried to come to the above employees rescue offering all of their benefits and jobs back, but were struck down repeatedly in NY Fed courts?

Didn't this same company offer more in appeals, but again was struck down? Didn't this company come back w/back-up financing from a co. from CA? Again struck down and given to ESSI w/connections to Uruguay?

Isn't there a group, a POWERFULLY BIG law firm from the hill, thru MD, on up to NY that protected them, while still doing "good work" for others, which seems like a way to sway the public from thinking their, you know, bad guys?

Just sayin' that maybe there is way more to this story. That maybe links were out here since * took office but now maybe one can't or can find them...

Maybe if one finds a better link, this story might gain more interests.

People die and other's lie to cover all their ties.

[Canuckistanian]

6. I used to work for DRS

Glad I'm out of that snakepit.

[ariellyn]

7. A pic

Google Uncle Bucky, there's a lot to read out there.

[ariellyn]

8. .

[ariellyn]

9. .