How the Elite Talk in Code

[Octafish]

3. Interesting what you got out of it, snooper2.

What about Poppy Bush getting the Feds off Neil's pimply backsides?

When hundreds of Savings and Loans banks went bankrupt in the 1980s, the U.S. government bailed them out by transferring about $500 billion from U.S. taxpayers to a select group of extremely rich, powerful people. What these people had in common were their symbiotic relationships to the Mafia and the CIA.

1980s, USA: Money Laundering for Contras, the Mob and the CIA

By Gary W.Potter, Eastern Kentucky University.

To some, the savings and loan (S & L) scandal of the 1980s is "the greatest... scandal in U.S. history" (Thomas, 1991: 30). To others, it is the single greatest case of fraud in the history of crime (Seattle Times, June 11, 1991). Some see it as the natural result of the ethos of greed promulgated by the Reagan administration (Simon and Eitzen, 1993: 50). To others, it was a conspiracy to move covert funds out of the country for the CIA (Bainerman, 1992: 275).

S & Ls were living, breathing organisms that fused criminal corporations, organized crime and the CIA into a single entity that served the interests of America's political and economic elite.

SNIP...

Neil Mallon Bush

In 1983, Neil formed JNB Exploration with an investment of $100. He was named president of this oil company that eventually drilled 30 wells but never struck any oil.

Neil's JNB partners, Ken Good and Bill Walters, contributed $160,000 to create JNB. They had business ties to numerous shady characters connected to organized crime, the CIA, arms dealers, money launderers and the Contras.

Between 1985 and 1988, Neil was also a director of Silverado Banking Savings and Loan in Denver, Colorado. Silverado lent over $200 million to Good and Walters. Neil did not disclose his connections to Good and Walters, when - as a Silverado director - he voted to grant them the loan. Good raised Bush's JNB salary from $75,000 to $125,000 and gave him a $22,500 bonus. In total, Bush received $550,000 in salaries from Walters and Good. Neil also received a $100,000 loan from Good that was later forgiven.

In 1990, Federal regulators filed a $200-million lawsuit against Neil and other officers of Silverado Banking. Regulators determined that Neil was completely dependent on Good and Walters for his income. An expert hired by regulators said Neil suffered from an "ethical disability."

In 1990, Neil was reprimanded by the U.S. Office of Thrift Supervision for "multiple conflicts of interest" and ordered to pay $50,000. Neil's $250,000 legal bill was paid by a legal defense fund formed by Thomas Ashley, a friend of Neil's father.

SOURCE: http://coat.ncf.ca/our_magazine/links/issue43/articles/mone_laundering_for_contras.htm

The taxpayers picked up the tab for the de-regulated and looted S&Ls in the late 80s and early 90s. You know what else isn't funny? The taxpayers would pick up the tab for the de-regulated and looted banks in the late 00s.

What a coincidence.