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Friday, February 9, 2007 |
Reuters: "President George W. Bush's uncle, William H.T. 'Bucky' Bush, was part of a group of outside directors at a defense contractor who realized about $6 million in unauthorized pay from an options backdating scheme, according to U.S. securities investigators."
CREW: "Today, CREW released a new report, 'Criminals and Scoundrels: The 25 Most Corrupt Members of the Bush Administration'. The full report with exhibits can be found here."
ConsumerWatchdog: "Exxon set the record for the largest annual corporate profit of $39.5 billion last year even with a 4% decline in fourth-quarter profit resulting in part from an 18% drop in refining margins, according to the company's profit report today. Shell, the world's second largest oil company, set a company record earning $25.4 billion in 2006 but also announced a 23% decline in refining margins. Pump prices have increased dramatically in recent years following industrywide increases in refining margins.
The Foundation for Taxpayer and Consumer Rights (FTCR) said today's earnings reports show that industry leaders cut domestic refining profits in the run-up to the November election in order to lower gasoline prices, very likely hoping to influence the mid-term election. The nonpartisan group is calling for Congressional investigations to determine whether Exxon and others manipulated the market to affect the election."
11:02:33 AM 
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© Copyright 2008.
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