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Kid Berwyn

(22,096 posts)
Mon Apr 18, 2022, 05:49 PM Apr 2022

Remember SILVERADO Neil Bush next time you hear 'laptop' mentioned. [View all]

A billion dollars from the taxpayers to make whole a federally insured S&L looted by the son of the Vice President at the time, George Herbert Walker Bush. Let off scot-free, as they say, to go on to bigger and better things.



From the Best Way to Rob a Bank Department:

Silverado collapse cost taxpayers $1 billion

By SPECIAL TO THE DENVER POST
PUBLISHED: September 29, 2008 at 5:43 p.m. | UPDATED: May 7, 2016 at 3:23 a.m.

Colorado had front-row seats to the last U.S. financial crisis that led to a multibillion-dollar bailout.

During the savings-and-loan debacle that began in the mid-1980s, federal authorities took over 18 Colorado thrifts, more than in any state except Texas and California.

Snip…

The failure of one of Colorado’s thrifts, Silverado Banking Savings and Loan, was legendary. Its collapse in 1988 cost taxpayers $1 billion and entangled prominent Denver businessmen, including Neil Bush.

The son of then-President George H.W. Bush and a brother of the current president, Neil Bush was on Silverado’s board of directors. Silverado made loans to developers who owned shares in the thrift and who had bankrolled Neil Bush’s oil company.

In what was considered a largely symbolic ruling, Neil Bush was barred by an administrative judge from having conflicts of interest at a savings and loan again.

Continues…

https://www.denverpost.com/2008/09/29/silverado-collapse-cost-taxpayers-1-billion/

But no one brings that up, at all. But they do talk about a certain laptop, without asking, “How did it get in possession of the GOP?”, let alone, “Who stole it?”

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