Cheney foggy on Halliburton details

[G_j]

http://www.twincities.com/business/ci_7066319?nclick_check=1

Cheney foggy on Halliburton details
BY SIOBHAN HUGHES
Dow Jones Newswires
Article Last Updated: 10/02/2007 09:43:34 PM CDT


WASHINGTON - Vice President Dick Cheney told the Securities and Exchange Commission he didn't recall being told his former company, Halliburton Corp., had booked millions of dollars in construction cost overruns as income.

The SEC on Tuesday released the sworn testimony of Cheney, Halliburton's former chief executive officer, which he provided in a 2004 interview about accounting problems at Halliburton. The SEC said Cheney wasn't the target and he cooperated fully with the probe into Halliburton's accounting for cost overruns at a construction project in Egypt and other countries.

In his testimony, Cheney suggested former Halliburton finance executives were to blame for the accounting issue. He said the chief financial officer was "probably" the person "whose general area of responsibility this fell into."

"I remember the project and the project got into trouble," Cheney told investigators, referring to the Egyptian project. "But I don't have any recollection of the revenue recognition or the accounting for the project."

Two days after Cheney testified, Halliburton agreed to pay $7.5 million to settle SEC charges. The agency also filed charges against Halliburton's former controller and former CFO.

Cheney's account differs from testimony by a Halliburton executive whom the SEC didn't identify in its documents.
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[Kool Kitty]

1. What the fuck?

Seriously, is it the water in Washington or what? These people can't remember shit, and they are running this country?

[Kutjara]

2. It seems "I don't recall" is now enshrined in law as...

...an ironclad defense against any wrongdoing. Just trot out that little mantra and you're off scott-free, no matter how deep you were actually involved.

I'm feeling pretty motivated to rob a bank or mug a few people tomorrow, secure in the knowledge that, if arrested, I can just say "I don't recall" and it will all go away.

Oops, I nearly forgot: I better stop off and register Republican on my way to the bank, or else they'll throw the book at me.

[Solly Mack]

3. Imagine that

"I don't recall"

[G_j]

4. k