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Bush's uncle profits from sale of military contractor's stock

WASHINGTON (AP) — President Bush's uncle made more than $450,000 last month by selling stock in a defense contractor whose profits are growing because of the Iraq war, records show.

William H.T. Bush made the money by exercising stock options in St. Louis-based Engineered Support Systems, Inc. Bush is a member of ESSI's board of directors and therefore had to report the sale to the Securities and Exchange Commission.

<snip>

Bush cashed in stock options on Jan. 20, weeks before the company's latest earnings report. SEC documents show he sold 8,438 shares of ESSI stock at a profit of $53.36 a share. That's a total profit of $450,251.68.

<snip>

The Pentagon's inspector general is investigating whether an ESSI subsidiary improperly got a contract to make equipment from the Air Force. That contract was overseen by Darleen Druyun, a former Air Force contracting official serving a nine-month prison term for contract fraud involving Boeing.

Source Link: http://www.usatoday.com/news/world/iraq/2005-02-23-bush-uncle_x.htm

famine and disease and God knows what else doesn't surprise me in the least. Of course these brutal little bastards are making money. They are scum.

I need some bucks Bucky boy!

:kick:

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