The Distortion

"STREISAND BOUGHT 800 SHARES OF CHENEY'S HALLIBURTON "
Drudge Report, October 3, 2002

Matt Drudge in his report stated "Streisand bought and traded 800 shares of Halliburton while Dick Cheney was its Chief Executive."

The Truth

WHAT DID THE REPUBLICANS 'DRUDGE' UP TODAY?

How low will Republicans stoop to try to stifle the voice of singer, director, actress, activist Barbra Streisand? Today's low blow has them rummaging through the tax returns of her charitable foundation. The Streisand Foundation gives away money to organizations that work to protect the environment, our civil liberties, the rights of women and children, and fight against nuclear proliferation. The Streisand Foundation's money is handled by an outside investment adviser who, at his discretion, buys and sells stocks and bonds to support the foundation. Unfortunately, since this administration took over, the foundation has lost hundreds of thousands of dollars that would otherwise go to worthwhile causes. Before Dick Cheney became Vice President, 800 shares of Halliburton were purchased for the foundation in April of 1999. All were sold in 2000 with a loss of $1,288 dollars.