VA-Mason Dixon: Only Biden ahead of Trump (user search)
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  VA-Mason Dixon: Only Biden ahead of Trump (search mode)
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Author Topic: VA-Mason Dixon: Only Biden ahead of Trump  (Read 10447 times)
Fuzzy Bear
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« on: December 31, 2019, 12:47:40 PM »

A scandal involving a President's family members slide. Neil Bush managed a savings-and-loot into bankruptcy while his father was President, and Democrats did not exploit that.

The scandal you talk about was the looting of Savings and Loan Scandal of the 1980s, which was well-documented by the book, Inside Job by Steven Pizzo, Mary Fricker, and Paul Muolo:



The reason the Democrats didn't make hay over Neil Bush is because the S & L scandal was a massive scandal, and a bi-partisan scandal.  It involved gross mismanagement of the S & L industry by the regulators (whose power and numbers were cut back by Reagan).  The industry was "deregulated" essentially to make riskier loans using commercial properties as collateral, and to make loans on properties far away from their home bases.  It allowed for massive "growth" of these institutions, which ended in default and bankruptcy for these institutions, for investors, and for many ordinary individuals.  At the time, it was one of the biggest financial failures in our history, requiring a record bailout through the RTC (Resolution Trust Corporation).

And it was a BI-PARTISAN scandal.  It involved the Keating Five (Sens DeConcini, Glenn, Riegle, Cranston, and McCain; four (4) Democrats and one (1) Republican).  It was favors to S & L crooks in Texas that led to the downfall of Speaker Jim Wright (D-TX).  It led to massive investigations of Democratic political figures in Louisiana, including Judge Edmund Reggie, the father of Ted Kennedy's second wife.  It was a bi-partisan scandal, to be sure; many of the non-elected scandalous figures were major GOP activists, but it was very much an INSIDER scandal that the Democrats were not free to exploit, just because Neil Bush was part of it.  And it involved the sort of sketchy characters that would have made a great movie; politicians, moneymen, arms dealers, mobsters, CIA operatives, all were part of the looting, or the enabling of the looting.

Neil Bush, who's a privileged weasel, was, nonetheless, a minor part of that scandal, albeit a symbol of it.  He had no experience in running an S & L, yet he's at the top of one.  Why did he get on the Board of a S & L?  The answer is the same as the reason why Hunter Biden came to sit on Burisma's Board of Directors.  The scandal was much, much bigger, and included immediately recognizable names of both parties.
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