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Octafish

(55,745 posts)
7. CIA spied on CONGRESS. Apology accepted.
Sat Aug 2, 2014, 09:50 AM
Aug 2014

Heeeeere's Jebthro. He's not like other Bushes. He's smarter...



The Bush Family: A Continuing Criminal Enterprise?

Gary W. Potter, PhD.
Professor, Criminal Justice
Eastern Kentucky University

The S&Ls, the Mob and the Bushs

During the 1980's hundred of Savings and Loan Banks failed. Those bank failures cost U.S. taxpayers over $500 billion to cover federally insured losses, and much more to investigate the bank failures (Pizzo, Fricker, and Muolo, 1989; Brewton, 1992; Johnston, 1990). More than 75% of the Savings and Loan insolvencies where directly linked to serious and often criminal misconduct by senior financial insiders (Pizzo, Fricker and Muolo, 1989: 305). In fact, less than 10 percent of bank failures are related to economic conditions, the rest are caused by mismanagement or criminal conduct (Pizzo, Fricker and Muolo, 1989: 305).

A good example of the Savings and Loan failures can be found in the activities of Mario Renda, a Savings and Loan insider who often worked in close collaboration with organized crime (Pizzo, Fricker and Muolo, 1989: 123-126;302). Renda served as a middle man in arranging about $5 billion a year in deposits into 130 Savings and Loans, all of which failed (Kwitny, 1992: 27). Many of these deposits were made contingent on an agreement that the Savings and Loan involved would lend money to borrowers recommended by Renda, many of whom were organized crime figures or people entirely unknown to the banking institution involved (Kwitny, 1992: 27).

SNIP...

Prescott Bush: The Yakuza’s Frontman

Finally, and perhaps most seriously, the Bush family pioneered the practice which has now become commonplace of collaboration between corporate and organized criminals. Prescott Bush, uncle of the current President and brother of the former President, played a key role in helping the Japanese Yakuza extend their financial and real estate holdings to the United States. In 1989, Prescott Bush made arrangements for a front company for Japanese organized crime groups to buy into two U.S. corporations and to make a sizeable real investment in the U.S. (Helm, 1991a: 1; Isikoff, 1992: A1). West Tsusho, a Japanese corporation, was identified by Japanese police officials as a front company for one of that country’s largest organized crime syndicates. Prescott Bush was paid a fee of $500,000 for his help in negotiating West Tsusho’s purchase of controlling interest in Assets Management, a U.S. corporation (Helm, 1991a: 1; Isikoff, 1992: A1). Bush also assisted the Japanese mob in investing in Quantam Access, a U.S. software company, which was ultimately taken over by the Japanese (Helm, 1991b: 10; Isikoff, 1992: A1). Both companies ultimately went into bankruptcy (Isikoff, 1992: A1; Moses, 1992).

George Bush Sr.: Shutting Down the Organize Crime Strike Forces

Despite assessments from senior law enforcement officers and experts on organized crime that efforts to control organized crime would be crippled, in December 1989, the administration of George Bush, Sr. abolished all 14 regional organized crime strike forces (McAlister, 1989: A 21; Struck out, 1990). The organized crime strike had been created as independent entities so they would not be subject to political influences or bureaucratic wrangling within federal law enforcement. In the two decades of their operation the strike forces had secured convictions of major organized crime figures in several U.S. cities (Struck out, 1990). It is at the very least curious to note that the federal strike force in Miami had been responsible for indicting Miguel Recarey, the man for whom Jeb Bush had intervened with regulators. Organized crime strike forces had similarly indicted Mario Renda, the organized crime liaison to the S& L’s, as well as several other key figures in the Savings and Loan Fiasco (Pizzo, Fricker, and Mulolo, 1989: 112, 120-123, 303, 337).

CONTINUED...

http://critcrim.org/critpapers/potter.htm

PS: Great OP and thread, TheNutcracker. Thank you for putting it into words.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Don't fall for all of this CIA apology stuff, it's propaganda to cleanse GW Bush! TheNutcracker Aug 2014 #1
You can lick a turd all you want rock Aug 2014 #6
Please keep rec'ing and kicking so it's seen all over the country! TheNutcracker Aug 2014 #2
Please tweet as well, so the MSN knows that we "get it". TheNutcracker Aug 2014 #3
Plain and simple propaganda, nothing more, nothing less madokie Aug 2014 #4
Even Rachael was talking this shit....CIA apology....right.... TheNutcracker Aug 2014 #17
CIA power circle ONLY answers to BushInc and has for the last 5 decades. blm Aug 2014 #5
CIA spied on CONGRESS. Apology accepted. Octafish Aug 2014 #7
Hi there..thanks a bunch Octafish! TheNutcracker Aug 2014 #23
The Bush admin called for torture. Not sure how it could be hidden from them on point Aug 2014 #8
Executive Intelligence Review DhhD Aug 2014 #9
Additional Memos on Torture. DhhD Aug 2014 #10
Total bullshit propaganda! It's everywhere, to clean up the road for a toad named JEB! TheNutcracker Aug 2014 #11
Cheney knew about the torture and admitted it. Lint Head Aug 2014 #12
and Rummy condoned it and * also knew WhiteTara Aug 2014 #13
Correct, so just tweet and let the MSM know they will not get away with bathing Bush's clean. TheNutcracker Aug 2014 #14
you can do that for me. WhiteTara Aug 2014 #15
Re Jebby: Rats make rats, biology says so. TheNutcracker Aug 2014 #16
I hope they get the message, we're not buying this bullshit CIA apology to Senate! TheNutcracker Aug 2014 #18
It would be very foolish of Jebbie to sadoldgirl Aug 2014 #19
He already met with some of the TOP financers...he's running. Foolish yes! What about voters? TheNutcracker Aug 2014 #20
PS I read on DU Hillary met with the same $$folks$$ soon before he did! TheNutcracker Aug 2014 #21
The same Powers That Be will back both H. Clinton-Sachs and Bush the Smarter Son. rhett o rick Aug 2014 #24
I think that is likely true for upper-middle class white men BainsBane Aug 2014 #28
Most important a new generation may believe this lie regarding the torture. TheNutcracker Aug 2014 #22
So you and I and everyone else knew they were torturing people. Iggo Aug 2014 #25
We know but what about those who were babies? TheNutcracker Aug 2014 #26
PS They are new voters now! TheNutcracker Aug 2014 #27
How the hell can anyone possibly make a case that the top level was ignorant? TheKentuckian Aug 2014 #29
Well it was said on CNN, MSNBC(Rachael) FOX ABC CBS NBC TheNutcracker Aug 2014 #30
Then disregard all they say including and especially Maddow because it is inarguable TheKentuckian Aug 2014 #32
And you have the BS senate discussion on this thread - TheNutcracker Aug 2014 #31
It's all part of the game RandiFan1290 Aug 2014 #33
Yes, like the Bush's, they never seem to go away! TheNutcracker Aug 2014 #34
The CIA & GOP have always shared strong ties... MinM Aug 2014 #35
Rec. Thanks, TNc. no text. Mc Mike Aug 2014 #36
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