If it's the lead story on truthout, it must be important

[WilliamPitt]

Bush Brother Business Deals Detailed in Divorce
By Reuters (!!!!!!!!!!!REUTERS!!!!!!!!!!!!!!)

Tuesday 25 November 2003

http://www.truthout.org/docs_03/112703A.shtml

Neil Bush, younger brother of President Bush, detailed lucrative business deals and admitted to engaging in sex romps with women in Asia in a deposition taken in March as part of his divorce from now ex-wife Sharon Bush.

According to legal documents disclosed on Tuesday, Sharon Bush's lawyers questioned Neil Bush closely about the deals, especially a contract with Grace Semiconductor Manufacturing Corp., a firm backed by Jiang Mianheng, the son of former Chinese President Jiang Zemin, that would pay him $2 million in stock over five years.

...more...

[LastTime2BeFree]

1. If Neil was president

It may have been another "Monica".

[Rose Siding]

2. 2 mil will buy a lot of access

Did I say "will"? Um..might, could create the perception, it's in the realm of the possible- Nothing obvious, mind you.

[kainah]

3. you've apparently forgotten, Mr. Pitt

that there are no scandals when it comes to the bush crowd. There are only temporary moments of bad judgment and, since we changed the tone in DC, we can forgive these momentary lapses. </sarcasm>

Edited for lousy grammar.

[salinen]

4. Bush brothers

betraying backstabbing buttwiping beastfucking breathtested barbarasuckeled babyboys

[never cry wolf]

18. whaddya mean???

There are NO temporary moments of bad judgement, No bad judgement at all!! Havn't ya'll larned yet? It's all the damn librul media!! A "bush" cannot possibly sin!! They are above ALL the rules!!

Jebus told me!!

[The Zanti Regent]

21. The Bush family is ABOVE the law.

Just like their fellow Nazis Scarborough, Janklow, De Lay and Hatch. They can lie, cheat, stal and kill and get away with it!

[Military Brat]

5. I'm still P.O.'d about Silverado

And I'm angry that nothing ever came of it, except a lot of heartache to ordinary citizens. The bushes OWN the Repub Party, and that's that. They can do no wrong in their eyes. It isn't their money that disgusts me. It's their total lack of class despite having all that money.

Picture the bushes with an average income. Neil would be a serial adulterer and George would be the local lounge lizard. As for the rest of that weird bunch, I'm sure everyone can draw their own conclusions as to how their lives would have turned out if they didn't have all that money. Talk about a waste of resources.

[catzies]

9. We're still PAYING for Silverado too, I believe.

That was, after all, BILLIONS.

Between them blowing good economies, funneling public money into private hands, and making us pay for their wars with our money and our children, the Bushes are an awfully expensive family to have around, I tell ya. :mad:

[VelmaD]

6. Love that headline

Aliteration rules!

[asjr]

7. bush

Those bushes have dead roots. But they do a pretty good job of covering them up.

[Cleita]

8. Corruption should be the Bush family business it seems.

I already read this earlier on another website, but it should be spread far and wide. Too bad we can't pin something juicy on Dumbya, but I do wonder why Marg Schroedinger committed suicide or did she?

http://www.chron.com/class/obits/archive/qsearch.hts?operation=getdoc&database=Obituaries%3B&databases=Obituaries%3BObituaries%3BObituaries%3BObituaries%3B&docid=76532&docids=76532%3B76200%3B76168%3B46566%3B&query=schoedinger+NOT+3:RSEC&pos=1&numhits=25&start=&type=&user=houston&sview=1&hview=2&dview=1

[ShaneGR]

10. It was very unusual.......... lol

The Bush divorce, completed in April after 23 years of marriage, was prompted in part by Bush's relationship with another woman. He admitted in the deposition that he previously had sex with several other women while on trips to Thailand and Hong Kong at least five years ago.

The women, he said, simply knocked on the door of his hotel room, entered and had sex with him. He said he did not know if they were prostitutes because they never asked for money and he did not pay them.

``Mr Bush, you have to admit it's a pretty remarkable thing for a man just to go to a hotel room door and open it and have a woman standing there and have sex with her,'' Brown said.

``It was very unusual,'' Bush said.

[Don_G]

12. Thailand?

Aids in the family now?

[David Zephyr]

11. My Sister Mentioned This To Me Last Night.

She's faster at news than I am.

The Bush Family continues its generational tribute to high ethics.

[opihimoimoi]

13. The Bush Brother are not the Blues Brothers

They are scum and parasitic leeches.

Come, we get ice cream and Haupia cream pie.

[Ksec]

14. 98% of people dont even know this stuff

thats whats pitiful. Ask any Joe Citizen what the Bushes have done like silverado, this prostitute business, economys tanking on their watch and theyll look at you like youre a retard or something.
Help me Lord. Beam me up.

[fishnfla]

15. He's giving up this shit in a divorce depo?

this man has something serious he's hiding.If he's gonna cop to 2 million this, and 15 grand for 3 hours of that...his ex-wife's lawyer is licking his chops right now.

[WilliamPitt]

17. Either that, or Jeb got all the brains

[quaker bill]

19. Well they had to go somewhere

George didn't get them. Neil, the article says it all. Of course, perhaps there just weren't that many to go around...

[JetJaguar]

25. Or Marvin did.

http://www.bizforward.com/wdc/issues/2001-04/firstbrother/


FIRST Brother

He's the Lowest Profile of the Bush Boys, but His Business Career Is Probably the Most Successful. Meet Marvin Bush, the President's Youngest Brother, and His 300-Million-Dollar Money Management Firm.

by Bryan Curtis - PHOTOGRAPHS BY WELTON DOBY III


"I admire my BROTHERS, but I believe they're nuts. They're certifiably CRAZY individuals."


Anyone want to speculate if there is truth in every joke?

[oasis]

16. recycle for the weekend

[trumad]

20. Ya notice they had to tie a couple of Dem Bro's in this piece

Billy Beer compared to 2 mil...come on!

<snip>
Other presidential siblings of the past have generated controversy, among them Billy Carter, who marketed ``Billy Beer'' to cash in on brother Jimmy's presidency, and more recently Roger Clinton, who was accused of trying to broker pardons at the end of President Bill Clinton's administration.

[Robin Hood]

23. Yet no one brings up Bush Sr. or Reagans pardons.

The worst crooks of them all were in these crime figures pardons. They were members of their administration, and they were about to sing.

[Robin Hood]

22. The same Neil Bush who screwed us with the S&L scandal of the 80's.

Anyone remember that downplayed public rip off?

Neil, George Jr., George Sr., and Jeb Bush

http://www.rationalrevolution.net/bush_family_and_the_s.htm

There are several ways in which the Bush family plays into the Savings and Loan scandal, which involves not only many members of the Bush family but also many other politicians that are still in office and still part of the Bush Jr. administration today. Jeb Bush, George Bush Sr., and his son Neil Bush have all been implicated in the Savings and Loan Scandal, which cost American tax payers over $1.4 TRILLION dollars (note that this is about one quarter of our national debt).

Between 1981 and 1989, when George Bush finally announced that there was a Savings and Loan Crisis to the world, the Reagan/Bush administration worked to cover up Savings and Loan problems by reducing the number and depth of examinations required of S&Ls as well as attacking political opponents who were sounding early alarms about the S&L industry. Industry insiders were aware of significant S&L problems as early 1986 that they felt would require a bailout. This information was kept from the media until after Bush had won the 1988 elections.

Jeb Bush defaulted on a $4.56 million loan from Broward Federal Savings in Sunrise, Florida. After federal regulators closed the S&L, the office building that Jeb used the $4.56 million to finance was reappraised by the regulators at $500,000, which Bush and his partners paid. The taxpayers had to pay back the remaining 4 million plus dollars.

Neil Bush was the most widely targeted member of the Bush family by the press in the S&L scandal. Neil became director of Silverado Savings and Loan at the age of 30 in 1985. Three years later the institution was belly up at a cost of $1.6 billion to tax payers to bail out.

The basic actions of Neil Bush in the S&L scandal are as follows:

Neil received a $100,000 "loan" from Ken Good, of Good International, with no obligation to pay any of the money back.

Good was a large shareholder in JNB Explorations, Neil Bush's oil-exploration company.

Neil failed to disclose this conflict-of-interest when loans were given to Good from Silverado, because the money was to be used in joint venture with his own JNB. This was in essence giving himself a loan from Silverado through a third party.

Neil then helped Silverado S&L approve Good International for a $900,000 line of credit.

Good defaulted on a total $32 million in loans from Silverado.

During this time Neil Bush did not disclose that $3 million of the $32 million that Good was defaulting on was actually for investment in JNB, his own company.

Good subsequently raised Bush's JNB salary from $75,000 to $125,000 and granted him a $22,500 bonus.

Neil Bush maintained that he did not see how this constituted a conflict of interest.

Neil approved $106 million in Silverado loans to another JNB investor, Bill Walters.

Neil also never formally disclosed his relationship with Walters and Walters also defaulted on his loans, all $106 million of them.

Neil Bush was charged with criminal wrongdoing in the case and ended up paying $50,000 to settle out of court. The chief of Silverado S&L was sentenced to 3.5 years in jail for pleading guilty to $8.7 million in theft. (Keep in mind that you can get more jail time for holding up a gas station for $50.)

Today Neil Bush is working on closing a deal in Florida, where his brother Jeb is governor, to sell a software package to schools with his startup company Ignite.

It should also be noted that shortly after news of Neil Bush’s involvement in the S&L scandal hit the press his father, George Bush Sr., announced the Desert Storm campaign in Iraq, which subsequently had the result of making Neil’s name quickly fade from the headlines.

[VOX]

24. GREAT post, LG!

Thanks for putting this together.

Might as well be the Corleone family.

[RandomUser]

26. We should use this to pound home a pattern

First there was Reagonomics, S&L, then there was the Bush I recession, then Enron. During the general election, we should try to piece together a message that traces the trail all the way back, making it seem all of a piece.