President George Bush has been laid open to further allegations of hypocrisy in his condemnation of the aggressive business practices of the 1990s with publication of more details of his own dealings.
Harken Energy, the oil and gas company behind Mr Bush’s wealth, formed an entity, or partnership, with the investment arm of Harvard University in 1990 that enabled it to move poorly performing assets and debts off its books, says a report that draws comparisons with the failed energy firm Enron.
The move concealed the company’s financial woes and may have misled investors, an independent student and alumni group that monitors the university’s investments said in a report released on Wednesday.
The group, HarvardWatch, likened the venture to that Enron used to disguise debts before it collapsed. Minutes show that Mr Bush, a director at Harken from 1986 to 1993 and a $US100,000 a year consultant at the time, personally approved the deal. Sydney Morning Herald
