Bush Sr.'s Profitable Crossing

The former President made a tidy $4.5 million from his shares in now-bankrupt Global Crossing

President Bush may complain that his mother-in-law took a hit on her Enron stock, but it seems his dad made a tidy profit on that other notorious bankruptcy, Global Crossing. In 1999 and 2000, the elder Bush pocketed more than $4.5 million by selling Global Crossing stock, according to Securities & Exchange Commission documents obtained by BusinessWeek. His last sale came just weeks before the once high-flying telecom's stock started tanking.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.