Re:Savings and Loan Crisis 1980–1989
by jmclnx on Monday May 01, 2023 @01:12PM
(#35775901)
I remember this, IIRC one of the Bush Brothers almost got arrested for what he did. But his farther was president at the time, so no arrest. I forgot the details.
[ Parent
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Silverado Savings and Loan.
Neil Bush was the chosen one to be the next president in the dynasty, but the flack from the S&L scandal forced the family to back George W instead.
Re:Savings and Loan Crisis 1980–1989
by quickthrowman on Monday May 01, 2023 @01:33PM
(#35776251)
Neil Bush is the guy you’re thinking of, Silverado Savings and Loan was the institution. His dad (George HW Bush) was the Vice President (for Reagan) at the time.
https://en.m.wikipedia.org/wiki/Savings_and_loan_crisis#Silv...
> Silverado Savings and Loan collapsed in 1988, costing taxpayers $1.3 billion. Neil Bush, the son of then Vice President of the United States George H. W. Bush, was on the Board of Directors of Silverado at the time.
He was too Bush to fail.
There was a president after that who was in a partnership that bought an S&L in the eighties and gave itself bad loans, but it was made out to be so complicated that no one could ever understand it. Everyone else involved in the partnership besides the president and first lady went to prison, though.
After investigation, the independent counsel was unable to find any charges it thought were provable beyond a reasonable doubt other than perjury though. If Starr could have hung fraud charges on Clinton, surely he would have?