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Time Magazine:
In June 1977, Bush formed his own drilling company, Arbusto Energy ("arbusto" means "bush" in Spanish), in Midland, Texas. Like his father before him, Bush founded his oil business with the financial backing of investors, including James R. Bath, a Houston businessman whom Bush apparently first met when they were in the same Texas Air National Guard unit.
Tax documents and other financial records show that Bath, an aircraft broker with controversial ties to the Saudi Bin Laden family, had invested $50,000 in Arbusto, granting him a 5 percent interest in two limited partnerships controlled by Bush.
According to court documents, Bath swore that in 1977 he represented four prominent and wealthy Saudi Arabians as a trustee and used his name on their investments in the United States. In return, he received a 5 percent interest in their deals. Time Magazine reporters Beaty and Gwynne report that the $50,000 Bath invested in Bush's Arbusto Energy drilling company must have belonged to the Bin Ladens since the Houston businessman "had no substantial money of his own at the time."
Good enough?
[This message has been edited by jimmy3way (edited 09-24-2001).]
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