Post by the Scribe on Apr 27, 2020 6:08:41 GMT
If you take the time to watch this video you will see how corrupt the Republican Party is. How corrupt the Reagan Bush/ Bush Quayle administration was. How far in bed Republicans are with the CIA to include mafia ties, drug running, S & L fraud. How corrupt the state of Texas is. And how this corruption spreads into the corrupt state of Florida where yet another corrupt Bush became governor.
Included in this piece is evidence that in 1988 (weeks before the election) candidate for President aka VP George H W Bush stopped the regulators in Topeka which regulated Silverado Savings and Loan run by Bush's son Neil (Director) from shutting it down. Had that happened before the election Bush might not have won the election. I call this a REVERSE OCTOBER SURPRISE. This is yet another example of how Republicans take the US presidency outside of legal means.
There hasn't been a legitimately elected Republican president since Dwight Eisenhower and that INCLUDES the current occupant of the White House otherwise known as DONALD J TRUMP. Trump has his own bizarre anti American story but it should be no surprise he chose to run as a Republican where these crooks find it easy to lead.
When you watch this it becomes clear that these people (Republicans, Bush, CIA, mafia, Neocons) involved could easily have pulled off the 9/11 incident. Iran Contra, S & L debacle and other nefarious activities was just the warm up for 9/11.
What I find particularly disgusting is that this party is allowed to exist in our country. More disgusting than that is the people who continually vote Republican knowing how pathetically corrupt their party and party leaders are. They are of a mindset they DON'T CARE because Republicans are THEIR criminals and we love OUR criminals leading us. This is why Republicanism populated by a conservative mindset is a mental disorder. There is no other explanation.
The Bush Crime Family - The Mafia, CIA and George Bush
Published on Jul 2, 2016
- The Bush Crime Family and the S&L Scandal. An investigation of connections between the Mafia, the CIA, a small group of powerful Texas businessmen and politicians, and the $500 billion savings and loan scandal - Book by by Pete Brewton (Author)
The savings and loan crisis of the 1980s and 1990s (commonly dubbed the S&L crisis) was the failure of 1,043 out of the 3,234 savings and loan associations in the United States from 1986 to 1995: the Federal Savings and Loan Insurance Corporation (FSLIC) closed or otherwise resolved 296 institutions from 1986 to 1989 and the Resolution Trust Corporation (RTC) closed or otherwise resolved 747 institutions from 1989 to 1995.
A savings and loan or "thrift" is a financial institution that accepts savings deposits and makes mortgage, car and other personal loans to individual members (a cooperative venture known in the United Kingdom as a building society). By 1995, the RTC had closed 747 failed institutions nationwide, worth a total possible book value of between $402 and $407 billion. In 1996, the General Accounting Office estimated the total cost to be $160 billion, including $132.1 billion taken from taxpayers. The FSLIC and RTC were created to resolve the S&L crisis.
In 1979, the Federal Reserve System of the United States doubled interest rates that it charges its member banks in an effort to reduce inflation. The building or savings and loans associations (S&Ls) had issued long-term loans at fixed interest rates that were lower than the interest rate at which they could borrow. In addition, the S&Ls had the liability of the deposits which paid higher interest rates than the rate at which they could borrow. When interest rates at which they could borrow increased, the S&Ls could not attract adequate capital, from deposits to savings accounts of members for instance, they became insolvent. Rather than admit to insolvency, lax regulatory oversight allowed some S&Ls to invest in highly speculative investment strategies. This had the effect of extending the period where S&Ls were likely technically insolvent. These adverse actions also substantially increased the economic losses for the S&Ls than would otherwise have been realized had their insolvency been discovered earlier. One extreme example was that of financier Charles Keating, who paid $51 million financed through Michael Milken's "junk bond" operation, for his Lincoln Savings and Loan Association which at the time had a negative net worth exceeding $100 million.
Others, such as author/financial historian Kenneth J. Robinson or the account of the crisis published in 2000 by the Federal Deposit Insurance Corporation (FDIC), give multiple reasons as to why the Savings and Loan Crisis came to pass. In no particular order of significance, they identify the rising monetary inflation beginning in the late 1960s spurred by simultaneous domestic spending programs of President Lyndon B. Johnson's "Great Society" programs coupled with the military expenses of the continuing Vietnam War that continued into the late 1970s. The efforts to end rampant inflation of the late 1970s and early 1980s by raising interest rates brought on recession in the early 1980s and the beginning of the S&L crisis. Deregulation of the S&L industry, combined with regulatory forbearance, and fraud worsened the crisis.
Included in this piece is evidence that in 1988 (weeks before the election) candidate for President aka VP George H W Bush stopped the regulators in Topeka which regulated Silverado Savings and Loan run by Bush's son Neil (Director) from shutting it down. Had that happened before the election Bush might not have won the election. I call this a REVERSE OCTOBER SURPRISE. This is yet another example of how Republicans take the US presidency outside of legal means.
There hasn't been a legitimately elected Republican president since Dwight Eisenhower and that INCLUDES the current occupant of the White House otherwise known as DONALD J TRUMP. Trump has his own bizarre anti American story but it should be no surprise he chose to run as a Republican where these crooks find it easy to lead.
When you watch this it becomes clear that these people (Republicans, Bush, CIA, mafia, Neocons) involved could easily have pulled off the 9/11 incident. Iran Contra, S & L debacle and other nefarious activities was just the warm up for 9/11.
What I find particularly disgusting is that this party is allowed to exist in our country. More disgusting than that is the people who continually vote Republican knowing how pathetically corrupt their party and party leaders are. They are of a mindset they DON'T CARE because Republicans are THEIR criminals and we love OUR criminals leading us. This is why Republicanism populated by a conservative mindset is a mental disorder. There is no other explanation.
The Bush Crime Family - The Mafia, CIA and George Bush
Published on Jul 2, 2016
- The Bush Crime Family and the S&L Scandal. An investigation of connections between the Mafia, the CIA, a small group of powerful Texas businessmen and politicians, and the $500 billion savings and loan scandal - Book by by Pete Brewton (Author)
The savings and loan crisis of the 1980s and 1990s (commonly dubbed the S&L crisis) was the failure of 1,043 out of the 3,234 savings and loan associations in the United States from 1986 to 1995: the Federal Savings and Loan Insurance Corporation (FSLIC) closed or otherwise resolved 296 institutions from 1986 to 1989 and the Resolution Trust Corporation (RTC) closed or otherwise resolved 747 institutions from 1989 to 1995.
A savings and loan or "thrift" is a financial institution that accepts savings deposits and makes mortgage, car and other personal loans to individual members (a cooperative venture known in the United Kingdom as a building society). By 1995, the RTC had closed 747 failed institutions nationwide, worth a total possible book value of between $402 and $407 billion. In 1996, the General Accounting Office estimated the total cost to be $160 billion, including $132.1 billion taken from taxpayers. The FSLIC and RTC were created to resolve the S&L crisis.
In 1979, the Federal Reserve System of the United States doubled interest rates that it charges its member banks in an effort to reduce inflation. The building or savings and loans associations (S&Ls) had issued long-term loans at fixed interest rates that were lower than the interest rate at which they could borrow. In addition, the S&Ls had the liability of the deposits which paid higher interest rates than the rate at which they could borrow. When interest rates at which they could borrow increased, the S&Ls could not attract adequate capital, from deposits to savings accounts of members for instance, they became insolvent. Rather than admit to insolvency, lax regulatory oversight allowed some S&Ls to invest in highly speculative investment strategies. This had the effect of extending the period where S&Ls were likely technically insolvent. These adverse actions also substantially increased the economic losses for the S&Ls than would otherwise have been realized had their insolvency been discovered earlier. One extreme example was that of financier Charles Keating, who paid $51 million financed through Michael Milken's "junk bond" operation, for his Lincoln Savings and Loan Association which at the time had a negative net worth exceeding $100 million.
Others, such as author/financial historian Kenneth J. Robinson or the account of the crisis published in 2000 by the Federal Deposit Insurance Corporation (FDIC), give multiple reasons as to why the Savings and Loan Crisis came to pass. In no particular order of significance, they identify the rising monetary inflation beginning in the late 1960s spurred by simultaneous domestic spending programs of President Lyndon B. Johnson's "Great Society" programs coupled with the military expenses of the continuing Vietnam War that continued into the late 1970s. The efforts to end rampant inflation of the late 1970s and early 1980s by raising interest rates brought on recession in the early 1980s and the beginning of the S&L crisis. Deregulation of the S&L industry, combined with regulatory forbearance, and fraud worsened the crisis.