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Octafish

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Gender: Male
Member since: 2003 before July 6th
Number of posts: 43,766

Journal Archives

''At the end of the war if there are two Americans and one Russian left alive, we win!''

Gen. Thomas S. Power, USAF.

Did the U.S. Military Plan a Nuclear First Strike for 1963?

http://www.maryferrell.org/wiki/index.php/Essay_-_Did_the_US_Military_Plan_a_Nuclear_First_Strike_for_1963

Never. That's why I post on the BFEE and the crimes of the national security state.

For example (seeing how you approve of the source as ''Good Info'' in 192):



NEO – CIA Torture Report Ties Cheney/Bout to 9/11 Nukes

by Gordon Duff
Veterans Today, January 8, 2015

Information received this week from the highest levels of US counter-terrorism sources have confirmed that the reputed “Queen of Al Qaeda,” Dr. Aafia Siddiqui, a CIA torture victim now serving 87 years in an American “super-max” prison, was a CIA agent when captured and was imprisoned to prevent releasing information that could eventually lead to the arrest and conviction of then Vice President Dick Cheney.

Cheney and his henchmen were silencing critics, eliminating “loose ends” tied to Able Danger and 9/11 and completing the process of dismantling the last vestiges of representative government in the US and Western Europe. The story today ties the Valerie Plame scandal, a CIA agent exposed as retaliation at Cheney’s orders.

Our coup was when we learned that Dr. Aafia Siddiqui, termed a veritable “female bin Laden” was not only CIA but an asset for Valerie Plame in an investigation originally aimed at Saddam but that had turned around and was pointing directly at the White House.

The Plame investigation aided by Siddiqui’s proof no “yellowcake/Al Qaeda” plot had ever existed went much further than initially intended. Cheney was revealed to be the “handler” for now imprisoned Victor Bout, revealed by the FBI in a 2007 Bangkok briefing to be greatly responsible for supplying the nuclear weapons nukes used on the WTC and, according to FBI sources, a cruise missile as well that the FBI asserts was used on the Pentagon on 9/11.

Thus, when Libby/Liebowitz was convicted, it was openly accepted that he was protecting Cheney from the fallout of simply “running his mouth.” In truth, as we will establish, even Cheney’s proven role in pushing America into an illegal war is only the tip of the iceberg.

CONTINUED...

Posted by Gordon Duff on January 8, 2015



Wow. "Libby/Liebowitz." That sounds anti-Semitic to me. Isn't it hypocritical to approve of this source, as you do in reply 192 above, zappaman?

Don't worry. I won't ask why you never post anything about the crimes of the national security state.

Drone Killings and Torture: Peace Activists to be “Rehabilitated” in Jail



Drone Killings and Torture: Peace Activists to be “Rehabilitated” in Jail

Institute for Public Accuracy
Press Release, December 15, 2014

Students gather at the site of a suspected U.S. drone strike on an Islamic seminary in Hangu districtMarcy Wheeler writes in “From Bush to Obama, Eyes Wide Shut: The same memo Bush used to wall himself off from the details of CIA torture is keeping Obama’s drone war alive” that: “On the second day of Barack Obama’s presidency, he prohibited most forms of physical torture. On the third, a CIA drone strike he authorized killed up to 11 civilians.”

Also, see: “U.S. drone strikes kill 28 unknown people for every intended target, new Reprieve report reveals.”

KATHY KELLY, kathy at vcnv.org, @voiceinwild

Co-coordinator of Voices for Creative Nonviolence, Kelly was just sentenced to three months in prison for protesting against drone killings. Recently in Afghanistan, Kelly is currently in Chicago. She will be in New York City around Christmas and in Washington, D.C. just after New Years. She has been told to “self-report” by the court on Jan. 23.

She recently wrote the piece “Drones and Discrimination: Kick the Habit,” which states: “On December 10, International Human Rights Day, federal Magistrate Matt Whitworth sentenced me to three months in prison for having crossed the line at a military base that wages drone warfare. The punishment for our attempt to speak on behalf of trapped and desperate people, abroad, will be an opportunity to speak with people trapped by prisons and impoverishment here in the U.S.

“Our trial was based on a trespass charge incurred on June 1, 2014. Georgia Walker and I were immediately arrested when we stepped onto Missouri’s Whiteman Air Force where pilots fly weaponized drones over Afghanistan and other countries. We carried a loaf of bread and a letter for Brig Gen. Glen D. Van Herck. In court, we testified that we hadn’t acted with criminal intent but had, rather, exercised our First Amendment right (and responsibility) to assemble peaceably for redress of grievance.

“A group of Afghan friends had entrusted me with a simple message, their grievance, which they couldn’t personally deliver: please stop killing us.

“I knew that people I’ve lived with, striving to end wars even as their communities were bombed by drone aircraft, would understand the symbolism of asking to break bread with the base commander. Judge Whitworth said he understood that we oppose war, but he could recommend over 100 better ways to make our point that wouldn’t be breaking the law.

“The prosecution recommended the maximum six month sentence. ‘Ms. Kelly needs to be rehabilitated,’ said an earnest young military lawyer. The judge paged through a four page summary of past convictions and agreed that I hadn’t yet learned not to break the law.”

JACK GILROY, jgilroy1 at stny.rr.com

Gilroy recently completed a two month sentence for protesting drone killings at the Hancock Air base in upstate New York. See from Syracuse.com: “Grandfather of eight/drone protester says he was not ‘corrected’ at Jamesville Correctional Facility.” Gilroy wrote the play “The Predator” about drone killing.

MARK COLVILLE, amistadcwh at yahoo.com

Colville is a member of the Amistad Catholic Worker in New Haven, Conn. and is, like Gilroy, one of about 100 activists who have been charged following protests at the Hancock Air base organized by the Upstate New York Coalition to Ground the Drones and End the Wars.

He was recently on the program “Democracy Now!,” where he stated: “The United States government, through its drone program, is claiming the legal right to targeted assassinations, extrajudicial killings, indiscriminate killing and the targeting, deliberate targeting, of civilians. For example, even the military admits that one of its modes of operation in drone strikes is something that they have called ‘double tapping,’ which is that after striking a target, the drone is directed back to that same target 20 minutes or a half an hour later in order to strike again after first responders have come to help the wounded. And so, it’s on a foundation of criminality. And as we’ve experienced in the numerous public actions and arrests at Hancock Air Field, this program operates beyond the reach of courts and law. And what we’re trying to do is to get courts to the criminality in which the United States government is engaged through the drone program.”

See IPA news release: “31 Protesters Arrested at Drone Base in Syracuse.”

SOURCE w/links: http://www.accuracy.org/release/drone-killings-and-torture-peace-activists-to-be-rehabilitated-in-jail/

Don't know about you, but Uncle Sam jailing US citizens who simply protest extrajudicial killing by drone bothers me.

That's not true and you know it, YoungDemCA.

Both of these guys had ancestors and cronies in the slave trade.



Baron de Rothschild and Prescott Bush, share a moment and some information, back in the day.

The people who tried to overthrow FDR in 1933 had kids.

And their offspring* and connected cronies in crime are the ones* screwing America now.

What's different today, is we don't have Smedley Butler or FDR to stop them.

* Of course, it's not just a few rich families's offspring who screw the majority today. They've hired help and built up the giant noise machine to continue their work overthrowing the progress FDR and the New Deal brought America for 80 years.

Why would the nation and world's richest people do that? Progress costs money. And they don't want to pay for it, even when they've gained more wealth than all of history put together. Instead, whey continue to work -- legally, through government and lobbyists -- to amass even more, transferring the wealth of the many to themselves.

And instead of an armed mob led by a war hero on a white horse, as planned in 1933, their weapon since Pruneface made his first payment to the Ayatollah has been "Supply Side Economics." To most Americans, that means Trickle-Down.



Rothschild and Freshfields founders’ had links to slavery, papers reveal

By Carola Hoyos
Financial Times

Two of the biggest names in the City of London had previously undisclosed links to slavery in the British colonies, documents seen by the Financial Times have revealed.

Nathan Mayer Rothschild, the banking family’s 19th-century patriarch, and James William Freshfield, founder of Freshfields, the top City law firm, benefited financially from slavery, records from the National Archives show, even though both have often been portrayed as opponents of slavery.

Far from being a matter of distant history, slavery remains a highly contentious issue in the US, where Rothschild and Freshfields are both active.

Companies alleged to have links to past slave injustices have come under pressure to make restitution.

JPMorgan, the investment bank, set up a $5m scholarship fund for black students studying in Louisiana after apologising in 2005 for the company’s historic links to slavery.

CONTINUED (with registration, etc) ...

http://www.ft.com/cms/s/0/7c0f5014-628c-11de-b1c9-00144feabdc0.html



Generation upon generation, knowing only service to power and property.



Kevin Phillips called them a ''multigenerational family of fibbers.''



The Barreling Bushes

Four generations of the dynasty have chased profits through cozy ties with Mideast leaders, spinning webs of conflicts of interest

by Kevin Phillips
Published on Sunday, January 11, 2004 by the Los Angeles Times

EXCERPT...

During these years, Bush's four sons - George W., Jeb, Neil and Marvin - were following in the family footsteps, lining up business deals with Saudi, Kuwaiti and Bahraini moneymen and cozying up to BCCI. The Middle East was becoming a convenient family money spigot.

Eldest son George W. Bush made his first Middle East connection in the late 1970s with James Bath, a Texas businessmen who served as the North American representative for two rich Saudis (and Osama bin Laden relatives) - billionaire Salem bin Laden and banker and BCCI insider Khalid bin Mahfouz. Bath put $50,000 into Bush's 1979 Arbusto oil partnership, probably using Bin Laden-Bin Mahfouz funds.

In the late 1980s, after several failed oil ventures, the future 43rd president let the ailing oil business in which he was a major stockholder and chairman be bought out by another foreign-influenced operation, Harken Energy. The Wall Street Journal commented in 1991, "The mosaic of BCCI connections surrounding Harken Energy may prove nothing more than how ubiquitous the rogue bank's ties were. But the number of BCCI-connected people who had dealings with Harken - all since George W. Bush came on board - likewise raises the question of whether they mask an effort to cozy up to a presidential son."

Other hints of cronyism came in 1990 when inexperienced Harken got a major contract to drill in the Persian Gulf for the government of Bahrain. Time magazine reporters Jonathan Beaty and S.C. Gwynne, in their book "The Outlaw Bank," concluded "that Mahfouz, or other BCCI players, must have had a hand in steering the oil-drilling contract to the president's son." The web entangling the Bush presidencies was already being spun.

CONTINUED...

http://faculty.plts.edu/gpence/html/kevin_phillips.htm



Of course no one's heard of the BFEE. While they wonder how Saddam got WMDs, Wall Street gets ahead.

Ties Between the Bush Family and Osama bin Laden

Questions Linger About Bushes and BCCI

By Lucy Komisar
Inter Press Service, Thursday 05 April 2007

New York - Now that the U.S. Congress is investigating the truth of President George W. Bush's statements about the Iraq war, they might look into one of his most startling assertions: that there was a link between Saddam Hussein and Osama bin Laden.

Critics dismissed that as an invention. They were wrong. There was a link, but not the one Bush was selling. The link between Hussein and Bin Laden was their banker, BCCI. But the link went beyond the dictator and the jihadist - it passed through Saudi Arabia and stretched all the way to George W. Bush and his father.

SNIP...

The Bushes' private links to the bank passed to Bin Mahfouz through Texas businessman James R. Bath, who invested money in the United States on behalf of the Saudi. In 1976, when Bush was the head of the CIA, the agency sold some of the planes of Air America, a secret "proprietary" airline it used during the Vietnam War, to Skyway, a company owned by Bath and Bin Mahfouz. Bath then helped finance George W. Bush's oil company, Arbusto Energy Inc., in 1979 and 1980.

When Harken Energy Corp., which had absorbed Arbusto (by then merged with Spectrum 7 Energy), got into financial trouble in 1987, Jackson Stephens of the powerful, politically-connected Arkansas investment firm helped it secure 25 million dollars in financing from the Union Bank of Switzerland. As part of that deal, a place on the board was given to Harken shareholder Sheik Abdullah Taha Bakhsh, whose chief banker was BCCI shareholder Bin Mahfouz.

Then, in 1988, George Bush Sr. was elected president. Harken benefited by getting some new investors, including Salem bin Laden, Osama bin Laden's half-brother, and Khalid bin Mahfouz. Osama bin Laden himself was busy elsewhere at the time - organising al Qaeda.

CONTINUED...

http://truth-out.org/archive/component/k2/item/69782:ties-between-the-bush-family-and-osama-bin-laden

You should read more, zappaman. Oops! I forgot. You don't like to read about the BFEE.


Cartoonists insulting Islam made easy targets for terrorists who were on the No-Fly List for Years.

Suspects in Charlie Hebdo shooting were on U.S. no-fly list for years

Said Kouachi's ID card found in 1 getaway car used in shooting

By John-Thor Dahlburg, Jamey Keaten, CBC
The Associated Press Posted: Jan 08, 2015 5:01 PM ET Last Updated: Jan 08, 2015 8:43 PM ET

The two French brothers wanted in the newspaper office bloodbath in Paris were already known to U.S. authorities and had been put on the American no-fly list, a senior U.S. counterterrorism official said Thursday.

Another U.S. official said the older brother, Said Kouachi, had travelled to Yemen. Though there is conflicting information about what he did while in Yemen, U.S. and European sources told Reuters he trained with Al-Qaeda in the Arab Peninsula, one of the group's most active affiliates.

SNIP...

They were identified as suspects after the older brother's ID card was found in the getaway car, authorities said.

Witnesses said the gunmen in the attack claimed allegiance to al-Qaeda's offshoot in Yemen.

Both Kouachi brothers — the Paris-born offspring of Algerian parents — were already known to French counterterrorism authorities.

Cherif, a former pizza deliveryman, had appeared in a 2005 French TV documentary on Islamic extremism and was sentenced to 18 months in prison in 2008 for trying to join up with fighters battling in Iraq.

SNIP...

A French security official, speaking on condition of anonymity because of the sensitivity of the matter, said that American authorities had shared intelligence with France indicating that Said had travelled to Yemen several years ago for training. French authorities were seeking to verify the information, the official said.

CONTINUED...

http://www.cbc.ca/news/world/suspects-in-charlie-hebdo-shooting-were-on-u-s-no-fly-list-for-years-1.2894432

James Risen: The Post-9/11 Homeland Security Industrial Complex Profiteers and Endless War

By Mark Karlin, Truthout | Interview
Sunday, 16 November 2014 00:00

EXCERPT...

Mark Karlin: In your third chapter, you state that the "corporate leaders at its vanguard can rightly be considered the true winners of the war on terror." You refer to these people as post-9/11, corporate entrepreneurs and opportunists. Can you provide a couple of brief examples?

James Risen: In chapter three, I focus on corporate leaders who have largely tried to avoid the limelight, but have nonetheless been among those who have profited the most from the war on terror. People like the Blue brothers, whose company, General Atomics, has produced the Predator and Reaper drones, the signature weapons of the global war on terror.

I also write about J. Philip London, executive chairman of CACI, the huge defense and intelligence contractor that was caught up in the Abu Ghraib scandal but then managed to continue to thrive in the war on terror, and Robert McKeon, a clever Wall Street maven who acquired Dyncorp as it profited from rival Blackwater's problems. McKeon eventually committed suicide, and the sale of assets by his estate after his death provided a glimpse at the massive wealth accumulated by the corporate leaders who benefit from being on the top rung of the war on terror.

Your prologue refers to the "homeland security-industrial" complex (including the related wars since 9/11) costing an estimated $4 trillion. Where did all that money go?

The Homeland Security Industrial Complex operates differently than the traditional Military Industrial Complex. Instead of spending on ships, airplanes and other big weapons systems, much of the money goes to secretive intelligence contractors who perform secret counterterrorism work for the CIA, the FBI, the Pentagon and other agencies. Because it is all classified, there is no public debate about the massive amounts of money being poured into these contractors. And with little oversight, there is no way to determine whether these contractors have performed well or poorly. Four trillion dollars is the best estimate for the total price tag of the war on terror, including the wars in Iraq and Afghanistan, and much of it has gone to shadowy contractors. It is one of the largest transfers of wealth in American history, and yet it has gone largely unnoticed.

Part III of Pay Any Price is entitled "Endless War." You divide this section into chapters focusing on "The War on Decency," "The War on Normalcy" and the "The War on Truth." That is an inversion of the government-vaunted war to protect Homeland Security into an immoral attack on the nation's moral integrity. How did we arrive at such an abandonment of our ethical standards?

If you recall, just after 9/11, Vice President Dick Cheney famously said that "the gloves come off." What that really meant was that the US was deregulating national security, getting rid of the rules and regulations that had governed national security since the post-Watergate reform era of the 1970s. As a result, we have conducted the war on terror in a climate in which there are few rules or limits on American actions. The message was clearly sent throughout the government that nothing should get in the way of stopping any future terrorist attack - and that message created a dangerous climate that we still live in today.

You discuss the relentless and tenacious persecution of whistleblowers under the Bush and Obama administrations (with the pace steadily picking up under the latter). In your many examples, you describe the harassment and shunning of Diane Roark, a staff member of the House Permanent Select Committee on Intelligence. Can you briefly explain what she tried to expose and how she was hounded into retirement and beyond?

I consider Diane Roark to be one of the unsung heroes of the post-9/11 era. A former Reagan White House staffer, at the time of 9/11 Roark was the House intelligence committee staffer in charge of oversight of the National Security Agency. Soon after 9/11, NSA staffers told her about the NSA's new domestic spying operation. She immediately realized that it was illegal, but at first thought it must be a rogue operation. She went to the staff director and minority staff director at the House intelligence committee to warn the chairman and ranking member about the operation, but the word came back that she should keep her mouth shut and stop talking about it. She realized that the chairman and ranking member already knew about it.

She then started to try to warn other senior officials that she knew throughout the government about the program, but found at every turn that they already knew about it and were involved in a massive cover-up. Finally, she had a dramatic showdown with NSA director Michael Hayden about the program, in which she told him that it was illegal. He responded that if it ever became public, the NSA and the Bush Administration could count on the "majority of nine" - meaning the approval of the Supreme Court. She then tried to get a message to the Supreme Court chief justice, but never heard back. She never leaked to the press and retired from the government depressed that she hadn't been able to stop the program.

Years later, after The New York Times disclosed the existence of the NSA domestic spying program, the FBI raided her house, because they wrongly thought that she was the source for the story. She had kept her concerns within the system and was still persecuted. Her case shows that it would have been impossible for Edward Snowden to stay within the system and do what he did.

KBR (formerly Kellogg, Brown and Root), at the time it was first contracted as a multibillion-dollar contractor to support the US military in Iraq and Afghanistan (and elsewhere), is described in detail by you as a company "too big to fail" in the war on terror. Can you provide some highlights?

KBR was by far the largest military contractor in the Iraq war. It provided food, housing and other basic services to US military personnel in Iraq and throughout the war received about $39 billion in contracts. At the peak of the war, KBR had more personnel in Iraq than did the British Army. The United States simply could not have fought the war in Iraq without KBR. By providing almost all basic services in combat zones for US military personnel, KBR allows the United States to fight wars without a draft.

If the Army doesn't need soldiers to peel potatoes and instead has contractors do it, then it can fight wars of choice with a relatively small volunteer Army, and thus doesn't need to seek the political approval of American voters before it goes to war. So KBR is critical to the war effort; thus the chairman of the largely toothless commission on wartime contracting threw up his hands and wondered aloud whether KBR was too big to fail.

KBR was investigated for a series of problems - including the electrocution of US soldiers in barracks in Iraq with faulty wiring and the use of massive burn pits at US bases in Iraq that allegedly led to lung problems among US military personnel. But despite the investigations, KBR kept its massive contracts.

CONTINUED...

http://truth-out.org/progressivepicks/item/27425-james-risen-the-post-9-11-homeland-security-industrial-complex-profiteers-and-endless-war

No wonder so many people in the same crowd who like seeing Siegelman incarcerated also want to see Risen behind bars. The truth hurts!

How about the 'Safari Club' that drove CIA around Jimmy Carter?

That was how much of the illegal got institutionalized.



The State, the Deep State, and the Wall Street Overworld

By Prof Peter Dale Scott
Global Research, March 10, 2014
The Asia-Pacific Journal, Volume 12, Issue 10, No. 5

EXCERPT...

The Safari Club Milieu: George H.W. Bush, Theodore Shackley, and BCCI

The usual account of this super-agency’s origin is that it was

the brainchild of Count Alexandre de Marenches, the debonair and mustachioed chief of France’s CIA. The SDECE (Service de Documentation Extérieure et de Contre-Espionnage)…. Worried by Soviet and Cuban advances in postcolonial Africa, and by America’s post-Watergate paralysis in the field of undercover activity, the swashbuckling Marenches had come to Turki’s father, King Faisal, with a proposition…. Somali president Siad Barre had been bribed out of Soviet embrace by $75 million worth of Egyptian arms (paid for… by Saudi Arabia)….95

Joseph Trento adds that “The Safari Club needed a network of banks to finance its intelligence operations,… With the official blessing of George Bush as the head of the CIA, Adham transformed… the Bank of Credit and Commerce International (BCCI), into a worldwide money-laundering machine.”.96

Trento claims also that the Safari Club then was able to work with some of the controversial CIA operators who were then forced out of the CIA by Turner, and that this was coordinated by perhaps the most controversial of them all: Theodore Shackley.

Shackley, who still had ambitions to become DCI, believed that without his many sources and operatives like Wilson, the Safari Club—operating with Helms in charge in Tehran—would be ineffective. … Unless Shackley took direct action to complete the privatization of intelligence operations soon, the Safari Club would not have a conduit to resources. The solution: create a totally private intelligence network using CIA assets until President Carter could be replaced.97

Kevin Phillips has suggested that Bush on leaving the CIA had dealings with the bank most closely allied with Safari Club operations: the Bank of Credit and Commerce International (BCCI). In Phillips’ words,

After leaving the CIA in January 1977, Bush became chairman of the executive committee of First International Bancshares and its British subsidiary, where, according to journalists Peter Truell and Larry Gurwin in their 1992 book ‘False Profits’ , Bush ‘traveled on the bank’s behalf and sometimes marketed to international banks in London, including several Middle Eastern institutions.’98

Joseph Trento adds that through the London branch of this bank, which Bush chaired, “Adham’s petrodollars and BCCI money flowed for a variety of intelligence operations”99

It is clear moreover that BCCI operations, like Khashoggi’s before them, were marked by the ability to deal behind the scenes with both the Arab countries and also Israel.100

It is clear that for years the American deep state in Washington was both involved with and protected BCCI. Acting CIA director Richard Kerr acknowledged to a Senate Committee “that the CIA had also used BCCI for certain intelligence-gathering operations.”101

Later, a congressional inquiry showed that for more than ten years preceding the BCCI collapse in the summer of 1991, the FBI, the DEA, the CIA, the Customs Service, and the Department of Justice all failed to act on hundreds of tips about the illegalities of BCCI’s international activities.102

Far less clear is the attitude taken by Wall Street banks towards the miscreant BCCI. The Senate report on BCCI charged however that the Bank of England “had withheld information about BCCI’s frauds from public knowledge for 15 months before closing the bank.”103

CONTINUED...

http://www.globalresearch.ca/the-state-the-deep-state-and-the-wall-street-overworld/5372843



Then how about the time in Dallas, when the President said we weren't going to go into Vietnam?

Charlie Hebdo suspect said Abu Ghraib torture pics drove him to enlist in Jihad against USA in 2008

Cherif Kouachi was previously known to the authorities, as he was convicted by a French court in 2008 of trying to travel to Iraq to fight in that country’s insurgent movement. Kouachi told the court that he wished to fight the American occupation after viewing images of detainee abuse at Abu Ghraib prison. According to Bloomberg, Kouachi had “alternated between periods of smoking marijuana” and attending the classes of a preacher and jihadi recruiter who was convicted in the same case of running a terrorist recruitment ring. Kouachi, who was 26 at the time of his conviction, told the court that he was relieved that he had been prevented from traveling to Iraq, that he had begun working at a supermarket, and that his main interest was rap music.

SOURCE: Foreign Policy

https://foreignpolicy.com/2015/01/07/what-we-know-about-the-attack-on-charlie-hebdos-paris-office/?utm_source=Sailthru&utm_medium=email&utm_term=%2ASituation%20Report&utm_campaign=Sit%20Rep%20January%208%202015

Law Professor wonders if the Bushes are a 'Continuing Criminal Enterprise.'

"Yeah. See. This."



What a smart guy said:



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



That's the way a professor of criminal justice puts it. Me, to get a better handle on War Inc's first family, Bartcop first called them the "BFEE" for short.
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