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In reply to the discussion: This message was self-deleted by its author [View all]UpInArms
(51,908 posts)3. Aaaahhh ... Silverado savings
The Savings And Loan Scandal -- Neil Bush Stands In Shattered Ruins Of Denver Thrift
Aug 1, 1990
Aug 1, 1990
Five years later, Bush stands amid the wreckage of reputations and fortunes from one of the 10 biggest thrift failures in the country, battling efforts to transform him into a symbol of the entire savings-and-loan scandal. He faces administrative charges that he violated banking regulations in the way he handled Silverado's transactions with his business partners. The Federal Deposit Insurance Corp. (FDIC) yesterday said it will decide within the next two months whether to file suit against him and other directors to recover some of the estimated $1 billion cost of liquidating Silverado.
Even if Bush wins his case with the regulators - as he insists he will - the consequences of his Silverado days are still steep: a political embarrassment for President Bush and the Republican Party, a cloud of uncertainty over whatever political future he himself might have had, a year of his life lost to the controversy.
Even if Bush wins his case with the regulators - as he insists he will - the consequences of his Silverado days are still steep: a political embarrassment for President Bush and the Republican Party, a cloud of uncertainty over whatever political future he himself might have had, a year of his life lost to the controversy.
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Thank you for posting much needed info! The bushes have brought us to this moment of facist rule
Clouds Passing
Dec 3
#1
I'm not even sure that is actually true. My recollection is that he faced civil, not criminal, penalties.
tritsofme
Dec 3
#10
Nice try at what? Pierce claims he was pardoned, that doesn't appear to be true.
tritsofme
Dec 3
#13
No doubt about it, Neil Bush is corrupt as shit. It's just that Pierce's claim about the pardon is untrue.
tritsofme
Dec 3
#26
Frankly, I think Biden Bashers need to take a good hard look at their own shortcomings.
calimary
Dec 3
#37
Can you be pardoned for any thing you might have done? That is the kind of Pardon folks like
DontBelieveEastisEas
Dec 3
#36
And Neil commited serious crimes, not trumped up charges by a partisan Special Counsel.
SunSeeker
Dec 3
#20
And as for not pardoning before a crony served jail time, remember Rep. Duncan Hunter?
Liberty Belle
Dec 3
#21