Notes on the Atrocities
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Friday, September 26, 2003  

You knew about the conflict of interest, now it appears the issue may become a legal one:

A Congressional Research Service report released yesterday concluded that federal ethics laws treat Vice President Cheney's annual deferred compensation checks and unexercised stock options as continuing financial interests in the Halliburton Co.

Cheney said on NBC's "Meet the Press" on Sept. 14 that he has "no financial interest in Halliburton of any kind and haven't had now for over three years." His assertion came during a discussion of Halliburton's contracts in Iraq. Cheney said he had "severed all my ties with the company, gotten rid of all my financial interests."

In response, Cheney's office said he had purchased an insurance policy so he would be paid even if Halliburton failed. And his office also has announced he has agreed to donate the after-tax proceeds from his stock options to three charities.

However, the congressional report said that neither the insurance policy nor the charity designation would change the public official's disclosure obligation.

posted by Jeff | 1:28 PM |
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