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Fact of the Week

Fact of the Week

George H. W. Bush, the president's father and a former president himself, pocketed more than $4.5 million by selling Global Crossing stock in 1999 and 2000, before it went bankrupt. He bought at least some of the stock before the company went public, and sold some just weeks before company's stock fell through the floor. How convenient.

Source: Business Week, 22 February 2002.

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