<sod>After working on his father's successful [[U.S. presidential election, 1988|1988 presidential campaign]], Bush learned from fellow Yale alumnus [[William DeWitt, Jr.]], that family friend [[Eddie Chiles]] wanted to sell the [[Texas Rangers (baseball)|Texas Rangers]] [[Major League Baseball|baseball]] franchise along with the new sports dome; built on land acquired under [[eminent domain]] law and built under funding financed through taxpayers' funds backed by a bond issued for its debt. The new home of the Texas Rangers is still being contested in court by the original landowner who has not received payment for the land. The sports dome has not yet been paid off with the tax increase enacted to pay off the bond. The selling of the baseball team included the new stadium, which accounts for the huge profits the investors received. The benefits to the taxpayers or the landowner from their contributions are unknown. In April 1989, Bush assembled a group of investors from his father's close friends, including fellow fraternity brother [[Roland W. Betts]]; the group bought an 86% share of the Rangers for $75 million. Bush received a 2% share by investing $606,302, of which $500,000 was a bank loan. Against the advice of his counsel, Bush repaid the loan by selling $848,000 worth of stock in Harken Energy. Harken reported significant financial losses within a year of this sale, triggering [[George W. Bush insider trading allegations|allegations of insider trading]]. On March 27, 1992, the [[U.S. Securities and Exchange Commission|Securities and Exchange Commission]] concluded that Bush had a "preexisting plan" to sell, that Bush had a "relatively limited role in Harken management", and that it had not seen evidence of insider trading.<ref>http://www.publicintegrity.org/docs/harken/harken_doc5.pdf</ref><ref>http://www.upi.com/view.cfm?StoryID=20020717-062330-9990r</ref><ref>http://www.publicintegrity.org/docs/harken/harken_doc7.pdf</ref><ref>http://www.washingtonpost.com/wp-srv/politics/campaigns/wh2000/stories/bush073099.htm</ref><eod>
<sod>After working on his father's successful [[U.S. presidential election, 1988|1988 presidential campaign]], Bush learned from fellow Yale alumnus [[William DeWitt, Jr.]], that family friend [[Eddie Chiles]] wanted to sell the [[Texas Rangers (baseball)|Texas Rangers]] [[Major League Baseball|baseball]] franchise along with the new sports dome; built on land acquired under [[eminent domain]] law and built under funding financed through taxpayers' funds backed by a bond issued for its debt. The new home of the Texas Rangers is still being contested in court by the original landowner who has not received payment for the land. The sports dome has not yet been paid off with the tax increase enacted to pay off the bond. The selling of the baseball team included the new stadium, which accounts for the huge profits the investors received. The benefits to the taxpayers or the landowner from their contributions are unknown. In April 1989, Bush assembled a group of investors from his father's close friends, including fellow fraternity brother [[Roland W. Betts]]; the group bought an 86% share of the Rangers for $75 million. Bush received a 2% share by investing $606,302, of which $500,000 was a bank loan. Against the advice of his counsel, Bush repaid the loan by selling $848,000 worth of stock in Harken Energy. Harken reported significant financial losses within a year of this sale, triggering [[George W. Bush insider trading allegations|allegations of insider trading]]. On March 27, 1992, the [[U.S. Securities and Exchange Commission|Securities and Exchange Commission]] concluded that Bush had a "preexisting plan" to sell, that Bush had a "relatively limited role in Harken management", and that it had not seen evidence of insider trading.<ref>http://www.publicintegrity.org/docs/harken/harken_doc5.pdf</ref><ref>{{cite web|url=http://www.upi.com/view.cfm?StoryID=20020717-062330-9990r|title=White House Watch: Credibility problem|date=17 July 2002|work=UPI}}</ref><ref>http://www.publicintegrity.org/docs/harken/harken_doc7.pdf</ref><ref>{{cite web|url=http://www.washingtonpost.com/wp-srv/politics/campaigns/wh2000/stories/bush073099.htm|title=Washingtonpost.com: Bush Name Helps Fuel Oil Dealings|publisher=}}</ref><eod>