Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Cruz Finance Team Member Had Multiple Conflicts Of Interest In 1980s Loan Scandal (Neil Bush)
Daily Caller ^ | 3/10/16 | Ron Brynaert

Posted on 03/10/2016 9:26:48 AM PST by jimbo123

Republican Texas Sen. Ted Cruz's presidential campaign announced Tuesday that Neil Bush has joined his finance team, even though Bush was involved in a financial scandal that reportedly cost U.S. taxpayers more than a billion dollars, and though he once admitted to sex romps in Asia during his divorce proceedings.

Cruz stated in the announcement that he was “thrilled to welcome these new members to our outstanding team,” adding that the new hires were “further testament that conservatives are continuing to unite behind this campaign.”

A federal agency ruled in 1991 that Bush, former President George W. Bush’s brother, had multiple conflicts of interest while he was a director at the federally insured Silverado Savings and Loan in the 1980s, The Los Angeles Times reported.

Office of Thrift Supervision director T. Timothy Ryan Jr. said at the time that Bush “engaged in unsafe and unsound practices and breaches of his fiduciary duties involving multiple conflicts of interest.”

Bush improperly hid his business dealings with some who were borrowing from Silverado, Ryan ruled. Bush was ordered to follow strict rules of conduct if he ever worked at another savings and loan association.

In 2003, The Washington Post reported that Silverado lent $140 million to Denver developers Ken Good and Bill Walters, even though “the two men’s real estate empires were collapsing.” Good used some of that money to invest in Bush’s oil exploration company JNB Exploration. (Walters had also given JNB $150,000 in start-up money.)

“While serving on the Silverado board, Bush helped arrange a $900,000 line of credit from Silverado for a drilling venture in Argentina in which he and Good were partners,” according to the Post.

(Excerpt) Read more at dailycaller.com ...


TOPICS: News/Current Events
KEYWORDS: bush; bushcorruption; bushdynasty; bushroyalfamily; cruz; houseofbush; neilbush; silverado; tedcruz
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-69 next last

1 posted on 03/10/2016 9:26:48 AM PST by jimbo123
[ Post Reply | Private Reply | View Replies]

To: jimbo123

“he once admitted to sex romps in Asia”

Cruz values ain’t what they used to be.


2 posted on 03/10/2016 9:28:06 AM PST by proust (Texans for Trump! The Art Of The Comeback!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jimbo123

Strike 1: TPP

Strike 2: Neil Bush

Strike 3: ??????


3 posted on 03/10/2016 9:28:29 AM PST by GraceG (The election doesn't pick the next president, it is an audition for "American Emperor"...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jimbo123

Neil Bush, brother of Jeb Bush. All that one needs to know about the Cruz campaign.


4 posted on 03/10/2016 9:28:37 AM PST by Parley Baer
[ Post Reply | Private Reply | To 1 | View Replies]

To: proust

I really have to wonder what Cruz is thinking here. If Trump took on this guy, I would feel the same way about him.


5 posted on 03/10/2016 9:29:15 AM PST by dirtboy
[ Post Reply | Private Reply | To 2 | View Replies]

To: GraceG

Strike 3: How about the “win at all costs” campaigning in Iowa? Want a strike 4?: on some threads, there’s a link to the things Cruz said about Trump supporters being “low information”.


6 posted on 03/10/2016 9:30:46 AM PST by grania
[ Post Reply | Private Reply | To 3 | View Replies]

To: grania

http://blogs.cbn.com/thebrodyfile/archive/2016/03/10/brody-file-exclusive-ted-cruz-says-donald-trumps-voters-have.aspx?mobile=false


7 posted on 03/10/2016 9:33:24 AM PST by HarleyLady27 ('THE FORCE AWAKENS!!!' Trump; Trump; Trump; Trump; 100%)
[ Post Reply | Private Reply | To 6 | View Replies]

To: grania

[ Strike 3: How about the “win at all costs” campaigning in Iowa? ]

As if Trump didn’t attack Cruz initially because he was see as a threat. and a re-tweet of a CNN story is not a Nefarious Plot.

[ Want a strike 4?: on some threads, there’s a link to the things Cruz said about Trump supporters being “low information”. ]

https://www.youtube.com/watch?v=uejARI5WJH4

Trump in his own words loves the poorly educated people...


8 posted on 03/10/2016 9:33:57 AM PST by GraceG (The election doesn't pick the next president, it is an audition for "American Emperor"...)
[ Post Reply | Private Reply | To 6 | View Replies]

To: proust

Guilt by association? Is that where you’re going with this?


9 posted on 03/10/2016 9:33:57 AM PST by John Valentine (Deep in the Heart of Texas)
[ Post Reply | Private Reply | To 2 | View Replies]

To: GraceG

Corker Bill


10 posted on 03/10/2016 9:33:57 AM PST by SaveFerris (Be a blessing to a stranger today for some have entertained angels unaware)
[ Post Reply | Private Reply | To 3 | View Replies]

You have to be really low information to support Cruz at this point.


11 posted on 03/10/2016 9:34:04 AM PST by proust (Texans for Trump! The Art Of The Comeback!)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Parley Baer

Now Romney AND Bush will be on the ballot in November. Great job Teddy. Dems are laughing all the way to the bank.


12 posted on 03/10/2016 9:34:07 AM PST by lodi90 (Clear choice for Conservatives now: TRUMP or lose)
[ Post Reply | Private Reply | To 4 | View Replies]

To: dirtboy

“I really have to wonder what Cruz is thinking here. If Trump took on this guy, I would feel the same way about him.”

Same here. I thought Cruz was supposed to be the intelligent candidate.


13 posted on 03/10/2016 9:34:29 AM PST by Skepolitic
[ Post Reply | Private Reply | To 5 | View Replies]

To: GraceG
Trump in his own words loves the poorly educated people...

As well he should. Without them, he'd be nothing.

14 posted on 03/10/2016 9:35:14 AM PST by John Valentine (Deep in the Heart of Texas)
[ Post Reply | Private Reply | To 8 | View Replies]

To: jimbo123

Doesn’t matter. We NEED Ted to win because he’s the anointed one!


15 posted on 03/10/2016 9:35:39 AM PST by Yashcheritsiy (You can't have a constitution without a country to go with it)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Skepolitic
“I really have to wonder what Cruz is thinking here. If Trump took on this guy, I would feel the same way about him.”

Maybe he's good at his job? Just a thought.

16 posted on 03/10/2016 9:36:04 AM PST by John Valentine (Deep in the Heart of Texas)
[ Post Reply | Private Reply | To 13 | View Replies]

To: lodi90

But he’s going to take on the Washington cartel...


17 posted on 03/10/2016 9:36:10 AM PST by proust (Texans for Trump! The Art Of The Comeback!)
[ Post Reply | Private Reply | To 12 | View Replies]

To: SaveFerris

[ Corker Bill ]

Forgot about that i had that lumped into the TPP bill in my head.

So great who the hell am i supposed to vote for now.

I can’t vote for Cruz, I cannot vote for Trump (I honestly don;t trust the guy not to flip back to some of his own liberal stances once elected).

I guess it is back to “Who do I vote AGAINST” again for the umpteenth time...


18 posted on 03/10/2016 9:36:37 AM PST by GraceG (The election doesn't pick the next president, it is an audition for "American Emperor"...)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Yashcheritsiy

Doesn’t matter. We NEED Ted to win because he’s the anointed one!


Yep. Anointed by Bishop Romney and the Bush Cartel.


19 posted on 03/10/2016 9:36:39 AM PST by lodi90 (Clear choice for Conservatives now: TRUMP or lose)
[ Post Reply | Private Reply | To 15 | View Replies]

To: John Valentine

“Maybe he’s good at his job?”

LOLOLOLOLOLOLOLOL


20 posted on 03/10/2016 9:36:59 AM PST by proust (Texans for Trump! The Art Of The Comeback!)
[ Post Reply | Private Reply | To 16 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-69 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson