Here is a short quote:
"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."
Continued below the fine artwork ...
You can find the whole article here: http://rationalrevolution.net/...
What we have here is the Bush who preceded George H. W. Bush in fleecing the United States' citizens. This theft was followed by George the First (HW), whose economic disaster was cleaned up by Bill Clinton.
The next Bush, Dubya, made our economy even worse than his father did. And Barack Obama, welcomed into office by an economic disaster, also pulled our economy back from the brink of a full blown depression.
Now Jeb Bush wants to ruin ... uh ... run the country, and see whether he can top his three Bush predecessors, and repeat his banking escapades, this time escalating from Florida to the entire nation.
Haven't we had enough?