Bush's Uncle Bucky has made Millions in Iraq War profiteering

[sabra]

http://www.latimes.com/news/printedition/asection/la-na-bucky23mar23,1,7624344.story?coll=la-news-a_section&ctrack=1&cset=true

Bush's Uncle Earned Millions in War Firm Sale
An SEC filing shows William H.T. Bush collected about $1.9 million in cash, plus stock valued at $800,000, from the deal.


WASHINGTON — As President Bush embarks on a new effort to shore up public support for the war in Iraq, an uncle of the commander in chief is collecting $2.7 million in cash and stock from the recent sale of a company that profited from the war.

A report filed with the U.S. Securities and Exchange Commission shows that William H.T. Bush collected just under $1.9 million in cash plus stock valued at more than $800,000 from the sale of Engineered Support Systems Inc. to DRS Technologies of New Jersey.

The $1.7-billion deal closed Jan. 31. Both firms have extensive military contracts.

William Bush was a director of Engineered Support Systems. Recent SEC filings show he was paid cash and DRS stock in exchange for shares and options he obtained as a director.

"No president wants war", yeah whatever...

[havocmom]

1. Is that the same uncle who made $$ on every item traded with China?

Read something about that back in the early 90s. Anybody have info/link?

[brook]

6. Are you thinking of

Uncle Prescott, who was, for years, head of the US-China C of C? I tried to link to an artical about this, but it redirects to an ad for Microsoft. WTF?

[havocmom]

7. OK, THAT's the uncle profiting from US China policy

;) So many in the BFEE making their living sucking profit from bad policy, I lose track!

Gee, can't these rich guys who can afford the best schools and start up money get REAL jobs? Why do they have to suck up their rather expansive livings via the taxpayer dime?

Government policy for private profit. Yep, we are running it like a business and as we see, businesses are shafting those who worked long and hard for them.
No wonder these bozos want to get their paws on the Social Security Payroll Taxes! They wanna plunder every form of pension American workers have/

Lazy bum corporate welfare cheats! Why don't they get a job like everybody else? x(

[Tuesday_Morning]

2. Dear old Uncle Bucky...

[sabra]

3. poor Bucky only making a couple million on this deal

:sarcasm:

[Justitia]

4. Damn! War Profiteering is so freaking ENTRENCHED in this administration!

Making a buck off of the business of killing and dying is to live in high cotton these days.

It is so pervasive, I can't really see where we will EVER be rid of it's stink.

[GreenCommie]

5. It's a family thing

Uncle Bucky must be making Prescott proud.