From Davids@campaignwatch.org Wed Oct 18 18:11:22 2000
Date: Mon, 16 Oct 2000 23:20:27 -0500 (CDT)
From: "David Scheim" <Davids@campaignwatch.org>
Subject: trust or hustle: Wall St Journal on Bush
Organization: WebUseNet Corp http://www.usenetserver.com - Home of the fastest NNTP servers on the Net.
Trust or hustle: Wall St Journal on Bush
By David E. Scheim, compiled from the Washington Post
and The Wall Street Journal, [?]
16 October 2000
In 1992 under Bush Sr., taxpayers were stuck with a $500 billion
S&L bailout and the largest budget deficit in U.S. history.
After eight years under Clinton-Gore, we now have the largest
surpluses ever. Coincidence? Consider the Bush family financial
record (WSJ=Wall St. Journal, WP=Washington Post):
George W: Refused to answer news questions about an $848,000
stock sale probed by the federal SEC (WSJ 4/4/91,WP 7/30/99). US
News and World Report (3/16/92) compared his financial record to
Brother Jeb (campaigned recently with George): Lobbied to
enable a Mob-linked Florida HMO to receive $1 billion in Medicare
payments; its owner later fled the U.S. under indictment,
suspected of up to $100 million in Medicare fraud (WSJ 8/9/88).
Jeb helped trigger the $285 million collapse of a Florida S&L by
defaulting on a $4.5 million loan that was arranged thru a front
with no repayment schedule specified (WP 10/15/90).
Brother Neil: Played a key role in the $1 billion collapse of
Silverado Banking (WP 7/4/92).
Uncle Jonathan: Fined in two states for violating securities
laws. (WP 7/4/92).
Uncle Prescott: Arranged investments for a Japanese Mob front in
two U.S. firms; both later filed for bankruptcy (WSJ 12/6/91, WP
George Sr.: Disbanded the independent federal organized crime
strike forces, which had been successfully prosecuting S&L
looters (WP 12/28/89).
The above is meticulously documented with details and links to 36
cited major media sources on http://www.campaignwatch.org.
Republican pundit Kevin Phillips called this Bush family record a
"never-ending hustle" (WP 7/4/92). Do we really want this bunch
to do to privatized social security what they did to the S&Ls?
Please distribute this widely ASAP - it's much easier with Email
than in Paul Revere's day!
- David E. Scheim, Ph.D. (email@example.com)
Author of the NY Times best seller, Contract on America