Harvard Bailed Out Bush’s Energy Firm.
“Newly unearthed documents show that when the energy firm that helped make Bush a multimillionaire teetered on the brink of bankruptcy in 1990, Harvard University, headed by a Bush political supporter, charged to the rescue,” the Wall Street Journal reports. One of the deals that was “critical to the company’s survival” involved “a partnership used to move troubled assets and large debts off the company’s balance sheet — much like the controversial investments that Enron… [Taegan Goddard’s Political Wire]
Now why would Harvard, which has multi-billion dollar investments, buy into a failing money-losing Texas oil company?