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suegeo

(2,887 posts)
21. Silverado Savings and Loan crash
Wed Jan 29, 2025, 04:38 PM
Jan 29

Read this whole thing from the Denver Post (link and excerpts below).

If you wish, google for more, because there's plenty more than just this. Riggs Bank, dead bodies in parks in D.C., and Bush Sr. brother's involvement (Jonathan Bush) with this bank. And foreign nationals just for some more fuckery.

Somehow the elder Prescott Bush helped funnel money to fascists in Germany back in the 1930s. I have a forever beef with fascists (AKA Republicans) and Nazis (Elon Musk threw 2 Nazi salutes behind the presidential seal)

Real estate crash, oil crisis, Banking system failure, billions go poof.
Bush Crime Family. Republican patterns of grift.
All repeated with that asshole GWB circa 2009.

https://www.denverpost.com/2008/09/29/silverado-collapse-cost-taxpayers-1-billion/

The failure of one of Colorado’s thrifts, Silverado Banking Savings and Loan, was legendary. Its collapse in 1988 cost taxpayers $1 billion and entangled prominent Denver businessmen, including Neil Bush.

The son of then-President George H.W. Bush and a brother of the current president, Neil Bush was on Silverado’s board of directors. Silverado made loans to developers who owned shares in the thrift and who had bankrolled Neil Bush’s oil company.

In what was considered a largely symbolic ruling, Neil Bush was barred by an administrative judge from having conflicts of interest at a savings and loan again.

Recommendations

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

Sane people know this..... Lovie777 Jan 29 #1
YEP !! There are literally bots going around in different SM sites responding as if people are overreacting to this ... uponit7771 Jan 29 #4
100% n/t OneGrassRoot Jan 29 #2
More than a little nervous Nictuku Jan 29 #3
If there's a low risk category I'd sit there and wait it out for a while, if the tariffs are wide and sweeping even if uponit7771 Jan 29 #5
Gold or silver ETFs suegeo Jan 29 #10
WHOA !!! This shit has been happening since the 80s then !! uponit7771 Jan 29 #17
Silverado Savings and Loan crash suegeo Jan 29 #21
Yooo, that's some scary shit !! RayGun came in a wrecked it and GQP has been doing this ever sense. uponit7771 Jan 29 #24
Just wait DENVERPOPS Jan 29 #11
I'm with you. MiKenMi33 Jan 29 #18
Don't take financial advice from an anonymous internet poster on DU. Contact a CFP. beaglelover Jan 29 #22
Hear, hear. jeffreyi Jan 29 #23
AGREED !!! uponit7771 Jan 29 #25
And we Democrats have to rescue the US. Again. sakabatou Jan 29 #6
Hmmm, just a thought ... this time they plan to crash it early so the GQP candidate isn't saddled with legacy and lose uponit7771 Jan 29 #12
Cleaning up The Wizard Jan 29 #27
If he does it quickly, he can blame Biden Johnny2X2X Jan 29 #7
The sick fuck wants Biden arrested and/or executed. Initech Jan 29 #8
THIS !! I just posted about them crashing it early this time but blaming it all on Biden would be their excuse ... uponit7771 Jan 29 #13
Today Thom talked about this gab13by13 Jan 29 #9
Yep, except dems will go to legacy M$M instead of TYT ... MT ... BTC Roland Martin etc to amplify. We need to catch up uponit7771 Jan 29 #14
Dotard J Hoover. roamer65 Jan 29 #15
Yep, all my voting life the economy has crashed at the end of a GQP term !!! uponit7771 Jan 29 #16
Yup mine too proud patriot Jan 29 #19
That's what republicans do proud patriot Jan 29 #20
The bribing class will buy The Wizard Jan 29 #26
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