PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Zoltan! who wrote (228895)	2/20/2002 12:01:00 PM
From: MSI	Read Replies (1) of 769670

Speaking of S&L crooks: NEIL BUSH LOUIS DUBOSE, AUSTIN CHRONICLE In 1990, Neil Bush paid a $50,000 fine and was banned from banking activities for his role in taking down Silverado, which actually cost taxpayers $1.3 billion. A Resolution Trust Corporation suit against Bush and other officers of Silverado was settled in 1991 for $26.5 million . . . A Republican fundraiser set up a fund to help defer costs Neil incurred in his S&L dealings . . . As a director of a failing thrift in Denver, Bush voted to approve $100 million in what were ultimately bad loans to two of his business partners. And in voting for the loans, he failed to inform fellow board members at Silverado Savings & Loan that the loan applicants were his business partners. Federal banking regulators later followed the trail of defaulted loans to Neil Bush oil ventures, in particular JNB International, an oil and gas exploration company awarded drilling concessions in Argentina -- despite its complete lack of experience in international oil and gas drilling . . ." prorev.com

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