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THURSDAY, JULY 11, 2002

During the 1980s, President Bush took loans from a company while a member of its board of directors, a practice he condemned this week as he sought to curb corporate fraud.

Bush accepted about $180,000 in loans from Harken Energy, money he used to purchase company stock. The White House defended the action as "common" despite criticism from Bush officials about executives using corporations as a bank.

In related corporate abuse news, Vice President Dick Cheney was sued yesterday by a public interest group for alleged accounting fraud during the late 1990s.

Get the Story:
Bush Took Oil Firm's Loans as Director (The Washington Post 7/11)
Toned-Down Task Force? (The Washington Post 7/11)
Bush Calls for End to Loans of a Type He Once Received (The New York Times 7/11)
Watchdog Group Is Suing Cheney and Halliburton (The New York Times 7/11)
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Relevant Links: White House Corporate Responsibility Homepage http://www.whitehouse.gov/infocus/corporateresponsibility