Many write that the C.I.A. and its cronies, some of whom were mafia, took down the savings and loan industry all by themselves. That cannot be proven Organized crime figures Mario Renda, Carlos Marcello of New Orleans, and Santos Trafficante of Tampa were involved. It is said that the F.B.I. obtained hundreds of hours of tape from Marcello’s prison cell, and that Carlos told an informant that he was involved in the assassination of JFK.
F.B.I. documents indicated that he claimed on three different occasions to having been involved in the death of President Kennedy. Trafficante once made the same admission. These men were involved in US efforts to kill Castro since the last days of the Eisenhower administration, and they managed to become involved in a Robert F. Kennedy plan to orchestrate a palace coup against Castro. RFK and gone to great lengths to keep them out of the operation, but somehow they infiltrated it. Their involvement in the planned’second invasion,” made it possible for them to cover tracks in the assassination of JFK. Dean Rusk later confirmed that there was a planned second invasion in the works.
It is believed that more than a million assassination records have been kept secret to protect people in Cuba who were involved. However, Castro uncovered the key figure in 1990 and appears to have forgiven him.
The names of C.I.A.-connected drug movers keep turning up in the various investigations. .We know that 21 of the failed institutions were involved in laundering C.I.A. drug money. One of the most troublesome cases was that of the First National Bank of Maryland, which was looted by a C.I.A. front company. Robert Maxwell, a former executive of the bank, tried to make public what was happening and ended up taking the blame and going to prison. The presiding judge refused to permit him to introduce information about the C.I.A. front company.
The industry was in serious trouble since the 1970s, and deregulation under Reagan seemed to encourage abuses. The Garn-St. Germain Act of 1982 may well have been written with a view to making it easier to lopot savings and loans. Moreover, the administrators Reagan appointed did not pursue many deep audits. As early as July, 1987 Edwin Gray, chairman of the Federal Home Loan and Bank Board lost his job because he was warning of corruption in the savings and loan industries and an impending crisis. He was replaced by a crony of Senator Jake Garn. Eventually the scandal would cost the taxpayers $500 billion.
The taxpayers have had to put out 32 billion a year for thirty years since the crisis became public knowledge in 1989. How much was looted by the C.I.A. and allies like Neil bush will never be known. There was much corruption Associated with the “clean-up” of the savings and loans, as well connected individuals bought failed institutions for very little and then received huge federal subsidies. . . With his partners, Neil Bush controls about 40 real estate operations. He was deeply involved in what has been called the “St. Joseph Paper Land Deal,” perhaps the largest real estate fraud in US history. When the press started reporting it, CocaCola poured $150 into it to settle the matter and protect the Bushes. Coca-Cola chairman Bob Goizueta was a close friend of the Bushes. Over $70 million in taxpayer funds were also used to make things right for investors.
In the Gloryhole Mining scandal in Colorado, investors lost $150 million. In all these fraudulent schemes, it does not seem that Neil came away with a great deal of money for himself--perhaps as much as $4 that can be found. He may have been doing most of this work to benefit the nation’s illegal covert operations.
The government- protected fraud has moved from real estate developments and shady securities deals to matters where much more money is involved. In 1991, the C.I.A. established the Blackstone Investment Group, which included many old Bush hands including Richard Armitage and Frank Carlucci. Carlucci had been deputy director of the C.I.A. from 1978 to 1981 and Deputy Secretary of Defense , 1987-1989. Blackstone’s purpose is to open more trade routes with the former Soviet Union. Its main objective has been buying up nuclear weapons and production equipment. However, most of this has been resold to China. They have developed various scams to garner funds intended to bail out the Russian economy. In 1994 and 1995, they entered Mexico to sop up more bail-out money. In adition, they bought many businesses dirt cheap, spent a little to make them look healthy, and then peddled them to unwise US investors. Armitage was so close to General Colin Powell, that the general called him “my white son” in 1995.
The Alfa Group is probably a front for the Russian mob or an ally. It has been connected to drug smuggling, but its main activity is oil development. It has also been connected to money laundering, through Alfa Bank, for the Latin American cartels. The Russian FSB ( similar to our F.B.I.) has claimed that Alfa Group has been a link in moving drugs into Western Europe. It is a business partner of Halliburton, and its lead Washington attorney was a major Bush fundraiser in 2000. Halliburton is a partner in Alfa’s Russian oil fields. These could all be coincidences.
Showing posts with label Neil Bush. Show all posts
Showing posts with label Neil Bush. Show all posts
Sunday, September 19, 2010
Tuesday, September 14, 2010
The Bush Family and Covert Finances
Al Martin and some others have written that the Bush family was active in intelligence community financial opertions. Some have implied that they may have prfitted in some way, as did other people tied to intelligence work.
Jeb Bush was particularly adept in real estate schemes, but Al Martin, a former Office of Naval Intelligence operative, recalled Bush discussing with him how he was going to take down M Corporation. Martin also claimed that Bush had caused Broward Savings and Loan to write off $3.85 million in loans to Bush Realty. His partner was Armando Codina, a Cuban exile. Bush used the money to purchase a building which was later reevaluated by FDIC at $505,000. The balance of the loan was not repaid.
They bought the downtown office building in 1984 for seven million, using Edward Houston to front the deal and contribute $4.56 millikon. He borrowed the money from Broward Federals Savings. When the $1.7 for renovations and the $1 million reserve is added, the total cost is over $9 million. In the end, the $4.56 loan was closed out for $505,000 . Yet, Bush and Cordina paid the IRS $1.3 million, an acknowledgement that the building was worth a lot more than $505,000. Nothing was done about their use of a “straw borrower,” but ordinary folks playing this trick would have had endless legal problems. The Great American Bank and Trust Company of Marvin Warner also lost $9 million in a deal that involved Bush.
Jeb Bush was also involved in the Marine Research and Development Corporation. It was involved in many things, including direct trade with Cuba through licenses held by two Hungarian intelligence operatives that Jeb claimed not to have known. It also moved drugs and limited partnership securities. When the prime minister of Turks and Caicos Islands tried to interfere with a drug shipment, his parliament lifted the sovereign immunity that went with his office and he was tried in the US for moving drugs. Securities deals were used to entrap Democrats.
After first experiencing a good deal from MRDC, the Dems would buy into a bad deals. Then they faced loss of their funds if the investigated some things too closely or the eventual return of their money. Among them were Congressmen Bill Alexander , Ron Dellums , Steve Solarz, and Senators Dale Bumpers and David Prior. General Secord said that “If a Democrat doesn’t have a problem that we can control him with, we"ll create one for him” Dellums, who already had financial problems, was given another--cocaine addiction. Senator David Boren was entrapped in a gay relationship on an agriculture subcommittee trip in 1984 and became a solid backer of the intelligence community.
Jeb Bush was also involved in Gulf Oil Drilling Supply Company, a former C.I.A. proprietary firm or cut-outs. It held some old, pumped out wells. This scam involved several hundred millions in useless securities and even cost some big New York Banks and Merrill Lynch.
Neil was mainly involved in real estate schemes in several states Neil Bush was a director of Silverado Savings, whose crash cost the taxpayers about $1.6 billion. However, Bush was only responsible for a little less than $200 million in losses. He became a director of the bank at age 30 and helped two people who had invested in his energy company obtain large loans. He did not disclose his business relationship with either or the fact that he received a salary for serving on one of those boards. Bush survived the mess with a $50,000 fine. Five directors of the bank were banned for life from involvement in federally insured institutions, Bush was just told to refrain from unsafe financial practices.
Neil Bush faced charges of defrauding Silverado Savings and Loan of millions of dollars. The daughter of Judge Richard Matsch was mysteriously murdered, and Bush was freed of all of the charges with the proviso that he could no longer serve as a bank director. ( The same judge later got the Timothy McVeigh case.) The Silverado collapse cost the American taxpayers over one billion dollars.
Much evidence suggests that Neil continues to handle the day to day affairs of the Bush family throughout the world. The late Sherman Skolnick insisted that he uses his far flung accounts to launder drug money and funds from illicit weapons sales and gold smuggling. He and Jeb often pass funds through the Chicago unit of the major French bank, Credit Lyonnais. When Florida Secretary of State, Katherine Harris was in a position to help the Bushes launder money because she had the ability to hide records of shell corporations. This “laundrylady” worked through another French banking house, Banque Paribas.
George W. Bush participated at a distance in family real estate ventures. He had good connections with American International Group and other insurance providers and arranged to provide insurance and/or guaranty fidelity instruments for the deals. At worst it amounted to skirting the law, unless it could be proven he knew what his brothers were up to. The deals were often based on assets fraudulently obtained from HUD or options to buy land rather than land actually held. On a few occasions, banks got burned. But this was fairly rare.
Banks here and abroad were used to unload the shares, and they were assured they would be made whole along with god profits. When prices plunged, something would be done to pump up prices so tht banks could recover losses and make a profit. Stock would be “back doored@ to the bankers and marketers at this point. Another round of profit-taking for the insiders occurred when there was a “Areverse split” of the stock. Insiders gained profits without making an investment and sometimes big GOP contributors were enabled to participate in the same way.One of these deals involved the refinancing of a HUD backed property along the Overtown, Hialeah bodder. There were 830 apartments inbaibted by Blacks and Hispanics. The operation was called “Blackboard” and involves seven refinancing that the usual circle, but Secord’s code name was “Blackbird.” Each time HUD lost money. Not one penny was used to improve these places.
Another profitable program was the processing of fraudulent HUD loan applications. There is no evidence that the Bush family was involved in this, but it has been suggested that the intelligence community used this one to raise money for its operations. To do this well required recruiting some licensed real estate brokers. Of course, the cooperation of state and federal attorneys and a few judges was also required. The most effective of these scams operated out of the Denver HUD office. Several billion dollars was involved in this fraud. Eventually one man went to prison and two federal judges were discredited. At lest 17 cases of fraud against HUD by government operatives have come to light since the mid-1980s.
Jeb Bush was particularly adept in real estate schemes, but Al Martin, a former Office of Naval Intelligence operative, recalled Bush discussing with him how he was going to take down M Corporation. Martin also claimed that Bush had caused Broward Savings and Loan to write off $3.85 million in loans to Bush Realty. His partner was Armando Codina, a Cuban exile. Bush used the money to purchase a building which was later reevaluated by FDIC at $505,000. The balance of the loan was not repaid.
They bought the downtown office building in 1984 for seven million, using Edward Houston to front the deal and contribute $4.56 millikon. He borrowed the money from Broward Federals Savings. When the $1.7 for renovations and the $1 million reserve is added, the total cost is over $9 million. In the end, the $4.56 loan was closed out for $505,000 . Yet, Bush and Cordina paid the IRS $1.3 million, an acknowledgement that the building was worth a lot more than $505,000. Nothing was done about their use of a “straw borrower,” but ordinary folks playing this trick would have had endless legal problems. The Great American Bank and Trust Company of Marvin Warner also lost $9 million in a deal that involved Bush.
Jeb Bush was also involved in the Marine Research and Development Corporation. It was involved in many things, including direct trade with Cuba through licenses held by two Hungarian intelligence operatives that Jeb claimed not to have known. It also moved drugs and limited partnership securities. When the prime minister of Turks and Caicos Islands tried to interfere with a drug shipment, his parliament lifted the sovereign immunity that went with his office and he was tried in the US for moving drugs. Securities deals were used to entrap Democrats.
After first experiencing a good deal from MRDC, the Dems would buy into a bad deals. Then they faced loss of their funds if the investigated some things too closely or the eventual return of their money. Among them were Congressmen Bill Alexander , Ron Dellums , Steve Solarz, and Senators Dale Bumpers and David Prior. General Secord said that “If a Democrat doesn’t have a problem that we can control him with, we"ll create one for him” Dellums, who already had financial problems, was given another--cocaine addiction. Senator David Boren was entrapped in a gay relationship on an agriculture subcommittee trip in 1984 and became a solid backer of the intelligence community.
Jeb Bush was also involved in Gulf Oil Drilling Supply Company, a former C.I.A. proprietary firm or cut-outs. It held some old, pumped out wells. This scam involved several hundred millions in useless securities and even cost some big New York Banks and Merrill Lynch.
Neil was mainly involved in real estate schemes in several states Neil Bush was a director of Silverado Savings, whose crash cost the taxpayers about $1.6 billion. However, Bush was only responsible for a little less than $200 million in losses. He became a director of the bank at age 30 and helped two people who had invested in his energy company obtain large loans. He did not disclose his business relationship with either or the fact that he received a salary for serving on one of those boards. Bush survived the mess with a $50,000 fine. Five directors of the bank were banned for life from involvement in federally insured institutions, Bush was just told to refrain from unsafe financial practices.
Neil Bush faced charges of defrauding Silverado Savings and Loan of millions of dollars. The daughter of Judge Richard Matsch was mysteriously murdered, and Bush was freed of all of the charges with the proviso that he could no longer serve as a bank director. ( The same judge later got the Timothy McVeigh case.) The Silverado collapse cost the American taxpayers over one billion dollars.
Much evidence suggests that Neil continues to handle the day to day affairs of the Bush family throughout the world. The late Sherman Skolnick insisted that he uses his far flung accounts to launder drug money and funds from illicit weapons sales and gold smuggling. He and Jeb often pass funds through the Chicago unit of the major French bank, Credit Lyonnais. When Florida Secretary of State, Katherine Harris was in a position to help the Bushes launder money because she had the ability to hide records of shell corporations. This “laundrylady” worked through another French banking house, Banque Paribas.
George W. Bush participated at a distance in family real estate ventures. He had good connections with American International Group and other insurance providers and arranged to provide insurance and/or guaranty fidelity instruments for the deals. At worst it amounted to skirting the law, unless it could be proven he knew what his brothers were up to. The deals were often based on assets fraudulently obtained from HUD or options to buy land rather than land actually held. On a few occasions, banks got burned. But this was fairly rare.
Banks here and abroad were used to unload the shares, and they were assured they would be made whole along with god profits. When prices plunged, something would be done to pump up prices so tht banks could recover losses and make a profit. Stock would be “back doored@ to the bankers and marketers at this point. Another round of profit-taking for the insiders occurred when there was a “Areverse split” of the stock. Insiders gained profits without making an investment and sometimes big GOP contributors were enabled to participate in the same way.One of these deals involved the refinancing of a HUD backed property along the Overtown, Hialeah bodder. There were 830 apartments inbaibted by Blacks and Hispanics. The operation was called “Blackboard” and involves seven refinancing that the usual circle, but Secord’s code name was “Blackbird.” Each time HUD lost money. Not one penny was used to improve these places.
Another profitable program was the processing of fraudulent HUD loan applications. There is no evidence that the Bush family was involved in this, but it has been suggested that the intelligence community used this one to raise money for its operations. To do this well required recruiting some licensed real estate brokers. Of course, the cooperation of state and federal attorneys and a few judges was also required. The most effective of these scams operated out of the Denver HUD office. Several billion dollars was involved in this fraud. Eventually one man went to prison and two federal judges were discredited. At lest 17 cases of fraud against HUD by government operatives have come to light since the mid-1980s.
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