Maybe it's me..Four page NYT story Riggs Bank......

[Bonhomme Richard]

and not one mention of Jonathan Bush, President of Riggs Investment Management Company. Tell me about "watch what you say, watch what you do". Unbelieveable. It's got everything, Pinochet, Saudi's, Oil, etc......

http://www.nytimes.com/2004/07/19/business/19BANK.final.html?hp

"At Riggs Bank, a Tangled Path Led to Scandal"

"The scrutiny of the bank involves accounts it held for Gen. Augusto Pinochet, the former Chilean dictator, and for the Saudi Arabian Embassy. It comes at a time when several new books and the documentary "Fahrenheit 9/11" have put a spotlight on the kingdom's ties to the Bush administration. The sources of about $700 million in cash and investment accounts at Riggs Bank owned by the African nation of Equatorial Guinea or some of its leaders are also being examined, at a time when American companies have been courting that oil-rich nation to secure petroleum sources outside the Middle East."

" A Dictator's Cash

At a meeting with regulators at the headquarters of Riggs Bank two years ago, Barbara B. Allbritton, a Riggs board member, was offended that the bank had to end its relationship with a valued client, General Pinochet, according to the report and testimony at the Senate hearing."

"The Saudi Funds

By October 2002, when Mrs. Allbritton voiced her resentment to regulators about losing General Pinochet's business, another problem was about to engulf Riggs. In November, Newsweek magazine reported that the Federal Bureau of Investigation was examining Saudi Arabian Embassy accounts at the bank in connection with the Sept. 11 attacks.

The F.B.I. investigation, focusing on accounts controlled by the wife of Prince Bandar bin Sultan, Saudi Arabia's longtime ambassador to the United States, was news to regulators. Once again, as the Senate report showed, outside forces were making them examine Riggs more closely and Riggs executives were proving to be, at best, indifferent gatekeepers"

"Suitcases of Cash

When regulators began scouring the Saudi accounts in January 2003, yet another media report raised questions about the bank's behavior. The Los Angeles Times reported suspicious activities in Riggs accounts controlled by the government of Equatorial Guinea, and a questionable relationship between a Riggs executive and that country's leader, sparking another regulatory examination of the bank's intersection with a dictator."