George Walker, GW's great-grandfather, set
up the takeover of the Hamburg-America Line, a cover for I.G.
Farben's Nazi espionage unit in the United States. In Germany,
I.G. Farben was most famous for putting the gas in gas chambers;
it was the producer of Zyklon B and other gasses used on victims
of the Holocaust. The Bush family was not unaware of the nature
of their investment partners. They hired Allen Dulles, the future
head of the CIA, to hide the funds they were making from Nazi
investments and the funds they were sending to Nazi Germany,
rather than divest. It was only in 1942, when the government
seized Union Banking Company assets under the Trading With The
Enemy Act, that George Walker and Prescott Bush stopped pumping
money into Hitler's regime. (1)
Prescott
Bush, the president's grandfather. According to classified
documents from Dutch intelligence and US government archives,
President George W. Bush's grandfather, Prescott Bush made considerable
profits off Auschwitz slave labor. In fact, President Bush himself
is an heir to these profits from the holocaust which were placed
in a blind trust in 1980 by his father, former president George
Herbert Walker Bush. (2) On the 20th of October, the government
commenced action against the company under the trading with
the enemy act. (3) After the seizures in late 1942 of five U.S.
enterprises he managed on behalf of Nazi industrialist Fritz
Thyssen failed to divest himself of more than a dozen "enemy
national" relationships that continued until as late as
1951, newly-discovered U.S. government documents reveal. (4)
In 1952, Prescott Bush was elected to the U.S. Senate, with
no press accounts about his well-concealed Nazi past.(5)
George
Herbert Walker Bush, the presidents father. Bush, as
director of the CIA, had funneled enormous amounts of cash to
drug runners including Manuel Noriega and helped in the destabilization
of Argentina. Bush utilized his own connections to help fund
drug runners from Laos to Panama. Most shocking was the so-called
"cocaine coup" in Bolivia in June 1980, masterminded
by fugitive Nazi Klaus Barbie, "The Butcher Of Lyons."
Barbie, who had been previously secreted in Latin America by
the CIA, began working closely with the Argentines and used
drug money to finance a neo-Nazi cabal, one that succeeded in
overthrowing the government. The troops swept through the capital
wearing Nazi armbands, according to former DEA agent Mike Levine.
George H.W. Bush later facilitated the Iran-contra affair, employing
many of the same methods: secretly selling Central American
cocaine in America and weapons to Iran while using the profits
to fund the contras and to overthrow democratically elected
socialists in Central America.(6) as the head of the CIA and
later as Vice President, toppled democratically elected regimes
in South and Central America and began propping up a dictator
by the name of Saddam Hussein in Iraq. Although forbidden by
congress to do so, he continued to sell chemical and biological
weapons to Saddam even after he used them on villages of innocent
civilians. A decade later The United States had to go to war
against him and the Bush family again, made millions from it.
Jonathan J. Bush, the Presidents uncle. Jonathan
Bush's "Pioneer Profile"
in "George W. Bush's $100,000 Club"
cites him as the "head"
of the Riggs Investment Management Co.; "Bush’s uncle Jonathan
... founded its subsidiary, J. Bush & Co., of which he is
chair. He also is an ex-chair of the New York Republican State
Finance Committee. Bush credits the investors sent his way by
this banker uncle as a key to his 'success' in the Texas oil
industry in the early ‘80s." (17)
Jonathan
J. Bush, is a top executive at Riggs Bank, which this week agreed
to pay a record $25 million in civil fines for violations of
law intended to thwart money laundering. Jonathan Bush, who
is a major fundraiser for his nephew, was appointed in 2000
to run Riggs Investment Management Co. His association with
Riggs began when he headed J. Bush & Co., a New Haven, Conn.,
company he created in 1970 and built to offer advice on money
management. (18)
According
to the 5/14/04 New York Times, Federal regulators fined the
Riggs National Corporation, the parent company of Riggs Bank,
$25 million yesterday for "failing to report suspicious
activity, the largest penalty ever assessed against a domestic
bank in connection with money laundering. The fine stems from
Riggs's failure over at least the last two years to actively
monitor suspect financial transfers through Saudi Arabian accounts
held by the bank." The 5/14/04 Wall Street Journal reported
that of particular concern, Riggs failed to monitor "tens
of millions of dollars in cash withdrawals from accounts related
to the Saudi Arabian embassy," including "suspicious
incidents involving dozens of sequentially numbered cashier's
checks and international drafts written by Saudi officials,
including Saudi Ambassador Prince Bandar bin Sultan." According
to the 4/18/04 Washington Post, Saudi Prince Bandar's wife,
Princess Haifa al-Faisal, "may have used a Riggs account
to donate money to a charity that then gave some of it to the
Sept. 11 terrorists."
(...)
According
to the nonprofit Texans for Public Justice, Jonathan Bush is
the President and CEO of Riggs Investment Management - a major
arm of Riggs Bank. He is also the uncle of President George
W. Bush. The President "credits the investors sent his
way by this banker uncle as a key to his 'success' in the Texas
oil industry in the early '80s." According to Public Citizen,
the uncle Jonathan was a Bush Pioneer, having raised more than
$100,000 for his nephew in 2000.(19)
Neil
Bush, the president's brother. Central player of the
1980'ssavings and loan scandal, he ran a savings and loan into
the ground while shoveling millions of its taxpayer-backed dollars
into the pockets of two deadbeat partners. Neil served as a
director of Silverado Banking, Savings and Loan in Denver, Colorado,
from 1985 until 1988. During that time, the now-dead thrift
made over $200 million in loans to Neil's two partners in JNB
Exploration, Neil's abysmally unsuccessful oil company. Federal
regulators determined that, while Silverado was pumping loans
to Neil's two associates, Neil was completely dependent on the
two men for his income. The failure of Silverado -- its closure
delayed until after the 1988 election -- cost taxpayers about
$1 billion. After Silverado failed, Neil started a new oil company,
Apex Energy. This time, his money came from a $2.35 million
loan through a Small Business Administration program. When news
of this reached the press in March 1991, the SBA discovered
that the companies through which the loan was approved were
technically insolvent, and it gave them up to thirty months
to "self-liquidate." This
meant that Apex would have to repay its SBA-guaranteed loans.
Neil took this as his cue to move on, and he left Apex -- and
its debts -- for others to worry about. (7) update: Neil Bush
made $171,370 in one day. The fact that he was a former consultant
to the company whose stock he dumped is just a coincidence
Marvin
Bush, the president's brother was on the board of directors
of a company providing electronic security for the World Trade
Center, Dulles International Airport and United Airlines, according
to public records. The company was backed by an investment firm,
the Kuwait-American Corp., also linked for years to the Bush
family. The security company, formerly named Securacom and now
named Stratesec, is in Sterling, Va.. Its CEO, Barry McDaniel,
said the company had a ``completion contract"
to handle some of the security at the World Trade Center ``up
to the day the buildings fell down." The suite
in which Marvin Bush was annually re-elected, according to public
records, is located in the Watergate in space leased to the
Saudi government. The company now holds shareholder meetings
in space leased by the Kuwaiti government there.(8) (9)
Jeb
Bush, the president's brother. After graduating from
The University of Texas, Jeb Bush served a short apprenticeship
at the Venezuelan branch of Texas Commerce Bank in Caracas before
settling in Miami, in 1980, to work on his father's unsuccessful
primary bid against Ronald Reagan. Shortly after arriving in
Miami, Jeb was hired by Cuban-American developer Armando Codina
to work at his Miami development company as an agent leasing
office space. A couple of years later, Jeb and Codina became
business partners, and in 1985 they purchased an office building
in a deal partly financed by a savings and loan that later failed.The
$4.56 million loan, from Broward Federal Savings in Sunrise,
Florida, was granted in such a way that neither Codina's nor
Bush's name appeared on the loan papers as the borrowers. A
third man, J. Edward Houston, borrowed the $4.56 million from
Broward and then re-lent it to the Bush partnership. When federal
regulators closed Broward Savings in 1988, they found the loan,
which had been secured by the Bush partnership, in default.
As Jeb's father was finishing his second term as vice-president
and running for the presidency, federal regulators had two options:
to get Jeb Bush and his partner to repay the loan, or to foreclose
on their office building. But regulators came up with a third
solution. After reappraising the building, regulators decided
it wasn't worth as much as was owed for it. The regulators reduced
the amount owed by Bush and his partner from $4.56 million to
just $500,000. The pair paid that amount and were allowed to
keep their office building. Taxpayers picked up the tab for
the unpaid $4 million. (10)
He also
rigged an election that you may have heard about. Thousands
of eligible voters were disallowed the right to vote in predominantly
democratic regions. Between May 1999 and Election Day 2000,
two Florida secretaries of state - Sandra Mortham and Katherine
Harris, both protégées of Governor Jeb Bush- ordered
57,700 "ex-felons," who are prohibited
from voting by state law, to be removed from voter rolls. (In
the thirty-five states where former felons can vote, roughly
90 percent vote Democratic.) A company now owned by
ChoicePoint of Atlanta, was paid $4.3 million for its work,
replacing a firm that charged $5,700 per year for the same service.Two
of these "scrub lists," as officials called them,
were distributed to counties in the months before the election
with orders to remove the voters named. Together the lists comprised
nearly 1 percent of Florida?s electorate and nearly 3 percent
of its African-American voters. Neither DBT nor the state conducted
any further research to verify the matches. DBT, which frequently
is hired by the F.B.I. to conduct manhunts, originally proposed
using address histories and financial records to confirm the
names, but the state declined the cross-checks. (11)
George
W. Bush, second appointed president of the United States.
• 1979-83:
Fifty Bush family investors and friends, led by uncle Jonathan,
a New York Republican Party official and an investment manager,
fork over $4.7 million to set up young Bush in a company called
Arbusto. It's a flop, and in 1982 gets a new name: Bush Exploration.
• 1984:
Spectrum 7 Corporation, an Ohio oil exploration outfit owned
by Dubya's Yalie pal William DeWitt Jr., buys out Bush Exploration,
setting up young Bush as CEO at $75,000 a year and giving him
1.1 million shares of the firm's stock. Another flop. The company's
fortunes soon sink, with $400,000 in losses and a debt of $3
million.
• 1986:
In the nick of time, Bush and partners merge the failing
Spectrum with Harken Oil, a Dallas exploration company, with
a $2 million stock purchase. Bush puts up about $500,000 and
gets a $120,000 annual consulting fee along with $131,250 in
stock options. Harken is a small outfit, looking for oil opportunities
within the U.S. Then out of the blue comes Harvard Management
Corporation, an investment adviser for Harvard University's
endowment portfolio. It pumps millions into the venture.
•
1990: Although Harken has no international expertise,
it gets the attention of the Bahrain National Oil Company, which
unexpectedly appears on the scene and bypasses big oil's Amoco
and Chevron to sign a production agreement with the little Texas
concern. The contract grants Harken exclusive rights to what
seems to be a promising offshore area squeezed between two productive
tracts owned by Saudi Arabia and Qatar. The Wall Street Journal
speculates Bahrain was trying to cozy up to Daddy Bush, who
was plotting an assault on Iraq after Saddam Hussein seized
Kuwait.
Bass Enterprises
Production Company finances the Bahrain drilling with $25 million,
and Harvard Management raises its investment. A couple of members
of the Fort Worth Bass family have places on Team 100, an elite
business group contributing to the Republican National Committee.
In June,
Harken drills two dry holes in Bahrain. The future looks bleak.
Dubya dumps two-thirds of his Harken holdings (212,140 shares),
for $848,560. He uses some of this money to buy into the Texas
Rangers baseball club. This is a lot of stock to dump on the
market all at once, and brokers say it was purchased by an unnamed
institutional investor.
That August,
Harken posts a loss of $23 million.
• January
1991: Daddy Bush attacks Iraq.
• February
1991: Dubya, as the official in charge at Harken, reports
his big stock sale to the SEC—eight months late.
• April
1991: The SEC begins an investigation into Harken dealings.
Chairman Richard Breeden, who had been appointed by the senior
Bush and served him as an economic policy adviser, hails from
Baker & Botts, a big Texas oil law firm where he was a partner.
Inside the SEC, James Doty, general counsel and the official
in charge of any litigation that might come out of the Harken
investigation, is another alumnus of Baker & Botts. And
as a private attorney, before joining the government, Doty represented
the younger Bush in matters related to Dubya's ownership of
the Rangers.
•
The SEC ends its Harken investigation following perfunctory
interviews.
The good
people of Baker & Botts continued looking out for Shrub.
Since 1993, Breeden, Doty, and other lawyers there have given
him $182,050 for his various political campaigns, making the
firm one of his biggest supporters.(12)
Upon appointment as president, Bush appoints 6 Iran-contra defendants
to his staff, (13) fills the upper levels of the White house
and pentagon with senior members of the PNAC (14) including
his speech writer, chief advisor, secretary of defense, and
vice president. Uses the terrorist attacks of 9-11 (16) to illegally
invade and occupy Iraq under the false pretense of imminent
threat (15) and reaps billions for Cheney's Halliburton, Rumsfeld's
Bechtel, and his own family's Carlyle group.
