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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-10-07 12:28 PM
Response to Reply #101
110. Jackson Stephens
In certain circles, friends don't turn on friends... if there's anyway it'll get back to them.

Jackson Stephens, a billionaire investment banker out of Arkansas, backed Bill Clinton.
He also backed Poppy Bush. Dunno about how he feels toward Smirko.
Anyway, Mr. Stephens helped get BCCI into the USA and a whole lot more.

The Strange Saga of BCCI

"The Bank of Crooks and Criminals International"



Hillary Clinton, the Arkansas governor's wife, is getting considerable business from Stephens Inc.

George W. Bush begins operations of his oil firm, Arbusto Energy. He assembles several dozen investors in a limited partnership including Dorothy Bush (a friend of BCCI figure Robert Altman), Lewis Lehrman, William Draper, and James Bath, a Houston aircraft broker who bought several planes from Air America, a CIA front. Bath's firm appears to be owned by Saudi investors. He also was a part-owner of a Houston's Main Bank, along with a couple of BCCI figures.

Stephens brokers the arrival of BCCI to this country, and steers BCCI's founder, Hassan Abedi to Bert Lance.

Stephens Inc tries to sell Riady stock in the National Bank of Georgia. The Washington Post quotes a US banker suggesting that Riady is working for Suharto, who is trying to butter up Carter: "They think of this country like a 'regime' similar to their own and they just don't realize that such a ploy wouldn't work." There's no deal. Lance's bank will eventually be taken over by a BCCI front man -- Ghaith Pharaon. Pharaon later sells his bank to First American. Pharaon will be fined $37 million by the Federal Reserve Board and become a fugitive.

Abedi moves to secretly take over First American Bankshares -- later the subject of the only BCCI-connected scandal to be prosecuted in the US.


Mochtar Riady and Stephens Inc set up Stephens Finance Ltd. In Hong Kong.

Lance is indicted on charges of violating federal banking laws. Clifford's partner, Robert Altman, represents Lance who eventually achieves a hung jury.

During this same period, Stephens is, according to Peter Truell and Larry Gurwin in "False Profits," playing "a crucial role in BCCI's penetration of the US market."


Mochtar Riady buys a stake in the Worthen holding company whose assets include the Stephens-controlled Worthen Bank. Price: $16 million. Other Worthen co-owners will eventually include BCCI investor Abdullah Taha Bakhish. Deal handled by C. Joseph Giroir II. Giroir is the Rose law firm chair who hired Hillary Clinton. Giroir will continue to be a deal-maker for the Riadys.


Arkansas state pension funds -- deposited in Worthen by Governor Bill Clinton -- suddenly lose 15% of their value because of the failure of high risk, short-term investments and the brokerage firm that bought them. The $52 million loss is covered by a Worthen check written by Jack Stephens in the middle of the night, an insurance policy, and the subsequent purchase over the next few months of 40% of the bank by Mochtar Riady. Clinton and Worthen escape a major scandal. Mochtar's son James Riady comes back to Arkansas to manage Worthen as president.

Worthen is investigated by the Office of the Comptroller of the Currency for improper loans to companies owned by the Riadys and Stephenses.


George W. Bush and partners receive more than $2 million of Harken Energy stock in exchange for a failing oil well operation, which has lost $400,000 in the prior six months. After Bush joins Harken, the largest stock position and a seat on its board is acquired by Harvard Management Company. The Harken board gives Bush $600,000 worth of the company's publicly traded stock, plus a seat on the board plus a consultancy that pays him up to $120,000 a year. When Harken runs short of cash it hooks up with Jackson Stephens, who arranges a $25 million stock purchase by Union Bank of Switzerland. Sheik Abdullah Bakhsh, who joins the board as a part of the deal, is connected to BCCI.


Stephens' wife Mary Ann runs George Bush's campaign in Arkansas. He is a member of Team 100 -- individuals who have given $100,000 to the Republican party.

A few days before the supposedly surprise arrest of five BCCI officials, some of the world's most powerful drug dealers quietly withdraw millions of dollars from the bank. Some government investigators believe the dealers were tipped off by sources within the Reagan administration.


Bahrain officials suddenly break off offshore drilling negotiations with Amoco and decide to deal with Harken Energy, George W. Bush's firm. Harken has had a series of failed ventures and no cash, so the Bass brothers are brought in to finance Harken's efforts at a cost of $50 million. Harken's investment banker is the same firm that helped in BCCI's acquisition of First American. Among the other BCCI-connected figures that help the deal: Bahrain's prime minister.


Bush's attorney general, Richard Thornberg, is warned about BCCI but does nothing.


Stephens Inc gives $100,000 to a Bush dinner committee.

With Stephens, Mochtar Riady buys BCCI's former Hong Kong subsidiary from its liquidators.

A former top aide to White House Chief of Staff John Sununu goes to work for a prominent figure in the BCCI scandal less than a month after leaving the Bush administration. Edward Rogers Jr. signs a $600,000 contract to give legal advice to Sheik Kamal Adham, an ex-Saudi intelligence officer who is being investigated for his role in BCCI's takeover of First American Bankshares.

The Miami acting US Attorney is reportedly rebuffed by the Justice Department in his efforts to indict BCCI and some of its principal officers on tax fraud charges. Justice Department later denies this occurred.


Ronald Reagan is introduced at the GOP convention by former senator Paul Laxalt, whose law firm represented BCCI in a drug money case. The chair of the convention, Craig Fuller, has been the number two official of Hill & Knowlton which was involved in the BCCI-First American case. Bush's campaign press representatives has done PR for a Saudi sheik accused of involvement in the BCCI affair, earning $200,000 in fees in just two months.

Employees of Stephens Inc. give more money to the Clinton campaign than those of any other firm except Goldman, Sachs and the NY law firm of Wilke, Farr & Gallagher.

Stephens' Worthen Bank gives Clinton a $3.5 million line of credit allowing the cash-strapped candidate to finish the primaries. Little Rock Worldwide Travel provides Clinton with $1 million in deferred billing for his campaign trips. Without the Worthen and Worldwide largess, it is unlikely that the cash-strapped candidate could have survived through the later primaries.


For the connected, it really is a small, small world...

And very, very bad.

Thank you for the info and the shout-out, riderinthestorm.

Keep spreading the light, my Friend.
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  -Larger CIA and DoD Privatization Scandal Emerging from Walter Reed Story and US Attorney Firing leveymg  Mar-09-07 11:56 AM   #0 
  - Like the caveman  90-percent   Mar-09-07 11:59 AM   #1 
  - Mind-blowing  malaise   Mar-09-07 12:01 PM   #2 
  - I agree  Buttercup McToots   Mar-09-07 12:58 PM   #23 
  - Nicely researched!!  Roland99   Mar-09-07 12:03 PM   #3 
  - Curiouser and curiouser... - n/t  porphyrian   Mar-09-07 12:03 PM   #4 
  - Excellent -n/t  PhilipShore   Mar-09-07 12:04 PM   #5 
  - The Army Times sure does some good reporting  bobbie   Mar-09-07 12:05 PM   #6 
  - I only read part of this but I'm recommending  BlackVelvet04   Mar-09-07 12:07 PM   #7 
  - exactly.  robinlynne   Mar-09-07 12:20 PM   #13 
  - K&R  maddezmom   Mar-09-07 12:09 PM   #8 
  - Thankyou Mark - Now it is up to us to move Mark's compilation to MSM and hope  blm   Mar-09-07 12:12 PM   #9 
  - Salute, K&R, and use the links you'll find at the Research Forum:  Amonester   Mar-09-07 09:25 PM   #81 
  - My God! Where to begin????  BonnieJW   Mar-09-07 12:13 PM   #10 
  - K & R for all the research. Bookmarked as a resource.  Cerridwen   Mar-09-07 12:13 PM   #11 
  - thank you for all the work.  xxqqqzme   Mar-09-07 12:19 PM   #12 
  - Same here xxqqqzme  Lochloosa   Mar-09-07 12:51 PM   #20 
  - Why Cerberus, do you suppose...  annabanana   Mar-09-07 12:24 PM   #14 
  - These folks are never what they preach outwardly.  blm   Mar-09-07 12:52 PM   #21 
  - I was thinking the same thing annabanana,  Uncle Joe   Mar-09-07 01:04 PM   #29 
  - was wondering about that  kineneb   Mar-09-07 01:39 PM   #39 
  - yes, and in Hebrew and Islamic traditions he has other roles....  KoKo01   Mar-09-07 02:52 PM   #46 
  - republicon crony Dan Quayle's 'christian' Cerberus  SpiralHawk   Mar-09-07 03:03 PM   #51 
  - republicon crony Commander AWOL's insignia of loyalty  SpiralHawk   Mar-09-07 03:06 PM   #53 
     - What is it with republicons and darkside occult cabals? Perceptive question, SpiralHawk.  stubtoe   Mar-10-07 09:35 AM   #100 
  - You don't think it's appropriate?  Raksha   Mar-09-07 11:51 PM   #85 
     - Dogs of War, Inc.  Octafish   Mar-10-07 12:10 AM   #87 
  - "IAP Worldwide Services President Dave Swindle.."  EVDebs   Mar-09-07 12:35 PM   #15 
  - Jeebus that was some great research! Thank you K&R  BR_Parkway   Mar-09-07 12:43 PM   #16 
  - Hedge Fund!? Jesus, the Bush Administration makes it too easy to  The Backlash Cometh   Mar-09-07 12:45 PM   #17 
  - good point  blm   Mar-09-07 12:54 PM   #22 
  - Here's the link to that discussion from the General Discussion Forum:  The Backlash Cometh   Mar-09-07 01:00 PM   #25 
  - This is the same article and discussion from the Latest Breaking News section:  The Backlash Cometh   Mar-09-07 01:04 PM   # 
     - Here's the Army Times article link  leveymg   Mar-09-07 01:10 PM   #31 
     - Nope  Buttercup McToots   Mar-09-07 01:13 PM   #33 
        - That page has gone AWOL!  vickiss   Mar-10-07 10:26 AM   #102 
     - grazie  blm   Mar-09-07 01:11 PM   #32 
  - CNBC Analyst cautioned regulating Hedges would take "Liquidity out of the Economy..  KoKo01   Mar-09-07 03:05 PM   #52 
  - Former foreign-policy hands...advise hedge funds/Fortune 500's on how geopolitics affect investments  Emit   Mar-10-07 11:24 AM   #104 
  - This CNBC Analyst?  fooj   Mar-10-07 04:35 PM   #121 
  - I read something about that -- and found that back in '04, Quayle  Emit   Mar-09-07 03:51 PM   #58 
     - Amazing what they can make happen under the radar when media is focused on other  blm   Mar-09-07 04:15 PM   #59 
  - Holy KB&R!!!  Karenina   Mar-09-07 12:47 PM   #18 
  - Looks like the Army Times link as been yanked --  AikidoSoul   Mar-09-07 12:50 PM   #19 
  - Try this  leveymg   Mar-09-07 05:07 PM   #67 
  - War is their girlfriend, but they're married to privatization  GreenZoneLT   Mar-09-07 01:00 PM   #24 
  - Cheney started privatization of military logistics in 1991. Clinton let it stand.  blm   Mar-09-07 01:17 PM   #34 
  - K&R  bobthedrummer   Mar-09-07 01:02 PM   #26 
  - Bookmarked. Kicked. Recommended. Re-read. Snuggled.(? Why not?)  loudsue   Mar-09-07 01:03 PM   #27 
  - Careful Mark...  Buttercup McToots   Mar-09-07 01:04 PM   #28 
  - You are not kidding. The guy who alerted about Olmert's bias in the bid for Bank Leumi  Emit   Mar-09-07 03:42 PM   #57 
  - Important!!  Buttercup McToots   Mar-09-07 01:08 PM   #30 
  - WOOF!  dwp6577   Mar-09-07 01:18 PM   #35 
  - BCCI all over again  nadinbrzezinski   Mar-09-07 01:21 PM   #36 
  - BCCI never stopped - they just took it out of sight till they regained power  blm   Mar-09-07 01:40 PM   #40 
     - And notice the connections to failed World Com. Who would know  KoKo01   Mar-09-07 02:54 PM   #47 
     - Why did Clinton bury the BCCI investigation?  riderinthestorm   Mar-10-07 10:06 AM   #101 
        - Jackson Stephens  Octafish   Mar-10-07 12:28 PM   #110 
        - So if I follow you, Stephens' probably stipulated that Clinton had to bury the BCCI  riderinthestorm   Mar-10-07 01:19 PM   #117 
        - There probably was no quid pro quo. More likely it was: "Do it or else."  Octafish   Mar-10-07 09:54 PM   #125 
        - Another example: The Perseus Group  bobthedrummer   Mar-11-07 01:38 PM   #129 
        - I don't think Bill MEANT to do it, but BECAME compromised to the point of no return.  blm   Mar-10-07 12:29 PM   #111 
           - Octafish seems to be saying that Clinton was bought off by one of Poppy's bankers  riderinthestorm   Mar-10-07 01:32 PM   #118 
              - I agree with Octa - however Bill started he's with them now. Bush1 would likely have  blm   Mar-10-07 01:36 PM   #119 
              - I love your shiny hat.  fooj   Mar-10-07 04:48 PM   #122 
                 - Painfully clear that Clinton has been instrumental in providing the friendly face  blm   Mar-11-07 04:08 PM   #131 
                    - It IS painful.  fooj   Mar-11-07 04:50 PM   #133 
  - So, first there were S&Ls,  hootinholler   Mar-09-07 01:29 PM   #37 
  - Much harder  conscious evolution   Mar-10-07 12:50 PM   #113 
  - OMG this thing has tentacles everywhere  lovuian   Mar-09-07 01:34 PM   #38 
  - The Octopus  SpiralHawk   Mar-09-07 03:11 PM   #54 
  - Wowzer. n/t  AzDar   Mar-09-07 01:47 PM   #41 
  - Link for the Army Times CIA and DoD Privatization Scandal article  PhilipShore   Mar-09-07 02:08 PM   #42 
  - Thanks - this helps alot.  blm   Mar-09-07 02:37 PM   #43 
  - This makes Carlos Gambino's syndicate look like  Jacobin   Mar-09-07 02:40 PM   #44 
  - They developed schemes to put billions of tax dollars in their own pockets.  blm   Mar-09-07 02:56 PM   #48 
  - Mark, you should send this to Don Imus - he's been staying on Walter Reed like  blm   Mar-09-07 02:40 PM   #45 
  - You don't think Imus might suspect some of this....remember Lieberman  KoKo01   Mar-09-07 02:58 PM   #50 
     - Imus turned on Lieberman the other day because of Walter Reed.  blm   Mar-09-07 03:14 PM   #55 
        - But...will he "still love him 'Tomorrow?'" That's the question with Imus  KoKo01   Mar-09-07 06:48 PM   #75 
           - Kick...It's a "Heavy Read" Bookmark and take Weekend time...  KoKo01   Mar-09-07 06:55 PM   #76 
           - The reason BushInc gets away with so much is because people are lazy for the most part  blm   Mar-11-07 11:16 AM   #128 
           - Kick for the Long WEEKEND when READING is GOOD! Lots there in OP!  KoKo01   Mar-09-07 07:43 PM   #79 
  - Such important material here. Absolutely must read it all. Thank you so much. n/t  Judi Lynn   Mar-09-07 02:57 PM   #49 
  - afternoon kick  DemReadingDU   Mar-09-07 03:23 PM   #56 
  - Tremendous research and work bringing this altogether!  Pastiche423   Mar-09-07 04:17 PM   #60 
  - Will do. Also, more on the Rep. Lewis - Wilkes (MZM) scandal  leveymg   Mar-09-07 04:58 PM   #66 
  - Bookmarked and recommended!  robertpaulsen   Mar-09-07 04:32 PM   #61 
  - I keep getting error messages on the links nt  Peggy Day   Mar-09-07 04:34 PM   #62 
  - Army Times: Committee subpoenas former Walter Reed chief  PhilipShore   Mar-09-07 04:37 PM   #63 
  - PNAC members are heavily involved in the War Scam.  Disturbed   Mar-09-07 04:54 PM   #65 
  - Here's a couple of corrected links, too  Emit   Mar-09-07 04:50 PM   #64 
  - This link did not work, would you please check it. thx.  mod mom   Mar-09-07 05:09 PM   #68 
  - Here's that link  leveymg   Mar-09-07 05:28 PM   #69 
     - thank you. excellent thread-as usual!  mod mom   Mar-09-07 05:58 PM   #70 
  - Holy S***, Batman. Good work!  Canuckistanian   Mar-09-07 06:09 PM   #71 
  - That's a helluva map connecting the dots. Are you a PI or something?  sicksicksick_N_tired   Mar-09-07 06:26 PM   #72 
  - OMG. Absolutely breathtaking  Morgana LaFey   Mar-09-07 06:44 PM   #73 
  - Exactly - some of us have been mocked for years for pointing it out persistently  blm   Mar-10-07 01:05 PM   #115 
  - That page has gone AWOL!  cyberpj   Mar-09-07 06:46 PM   #74 
  - here's the link  highnooner   Mar-09-07 09:06 PM   #80 
  - I learned of this on Wash. Journal yesterday morning from a Dem  tnlefty   Mar-09-07 06:57 PM   #77 
  - CBS Corporation Sold Local TV Stations in Four Markets to Cerberus Capital Management  Emit   Mar-09-07 07:20 PM   #78 
  - They keep buying up all available media - the more media they own the more control  blm   Mar-10-07 12:54 PM   #114 
  - Let's make that 101 Recommendations! nt  kiteinthewind   Mar-09-07 10:08 PM   #82 
  - Thanks for this - it's a lot to digest  Synnical   Mar-09-07 10:37 PM   #83 
  - what we have in BushCo is a rogue executive branch . . .  OneBlueSky   Mar-09-07 11:26 PM   #84 
  - K & R for your incredible research. Also bookmarked,  Raksha   Mar-10-07 12:01 AM   #86 
  - Count me in...K & R  opihimoimoi   Mar-10-07 12:26 AM   #89 
  - Now THIS is a post. Infinite thanks, leveymg!  Octafish   Mar-10-07 12:22 AM   #88 
  - I wonder what the flow chart will look like?  nolabels   Mar-10-07 03:26 AM   #90 
  - Short form: A monkey's eye atop a pyramid.  Octafish   Mar-10-07 11:56 AM   #107 
     - I Copernic'ed for a BFEE flow chart and looked what popped up on top........  nolabels   Mar-12-07 03:44 AM   #135 
        - The pathetic thing is that mainstream media won't TOUCH any of those connections  blm   Mar-12-07 09:14 AM   #136 
           - In some ways corporate owned media outlets are doing us a favor  nolabels   Mar-12-07 10:37 AM   #137 
              - It forced many of us to get involved OURSELVES and dig deeper - but for how long  blm   Mar-12-07 10:47 AM   #138 
                 - How long for what?  nolabels   Mar-12-07 10:28 PM   #141 
                    - Internet access to the information we need to stay on top of BushInc.  blm   Mar-13-07 08:08 AM   #142 
  - And it may tie into the madam threatening to sell her  vickiss   Mar-10-07 01:07 PM   #116 
  - We have to keep moving with this one and not let it slip past....BushInc thrives  blm   Mar-10-07 06:36 PM   #123 
  - very helpful post  lebkuchen   Mar-10-07 03:38 AM   #91 
  - Excellent job! Please put it in the research section--  eridani   Mar-10-07 05:03 AM   #92 
  - Mind boggling! Has me eating my own face.  lonestarnot   Mar-10-07 05:36 AM   #93 
  - Oh muh gawd! We must inform our congressmen about this.  Major Hogwash   Mar-10-07 05:55 AM   #94 
  - K & R Excellent research.  Cobalt Violet   Mar-10-07 06:13 AM   #95 
  - Well, who'd a thunk it.  yibbehobba   Mar-10-07 06:34 AM   #96 
  - This Story is now Top of the Recomended List Over at DKos  leveymg   Mar-10-07 06:44 AM   #97 
  - Great thinks mind alike.  Octafish   Mar-10-07 10:54 AM   #103 
  - Just came from there, Mark. Good to see this story moving through the internet.  blm   Mar-10-07 12:49 PM   #112 
  - Oh golly, it's all connected  rman   Mar-10-07 07:46 AM   #98 
  - Kick  shanine   Mar-10-07 09:32 AM   #99 
  - Bump...up  Buttercup McToots   Mar-10-07 11:45 AM   #105 
  - ..  flamin lib   Mar-10-07 11:46 AM   #106 
  - The Dea, CIA, DoD, & Narcotrafficking  PhilipShore   Mar-10-07 12:04 PM   #108 
  - Funny how drug trafficking became MORE widespread since Bush took office.  blm   Mar-11-07 06:01 PM   #134 
  - kick  stonebone   Mar-10-07 12:17 PM   #109 
  - Someone might want to take a closer look at former US Army Major General Kenneth L. Privratsky  bobthedrummer   Mar-10-07 01:38 PM   #120 
  - kick!  ftr23532   Mar-10-07 07:05 PM   #124 
  - Great work there! On a related note:  MatrixEscape   Mar-11-07 12:12 AM   #126 
  - This is why the powerstructure had to keep Kerry out - he was an open government Dem  blm   Mar-11-07 10:43 AM   #127 
  - Vulture Fund Cerberus Weiging Bid for Chrysler!  KoKo01   Mar-11-07 02:11 PM   #130 
  - been away for a couple of days -- SO GLAD to happen across this!  nashville_brook   Mar-11-07 04:32 PM   #132 
  - ^^^^^^ Hey Journalists - do your JOB for a change!!! ^^^^^  blm   Mar-12-07 12:04 PM   #139 
     - Steve Kangas, James A. Hatfield, Danny Casolaro, Pete Brewton...  grasswire   Mar-12-07 01:07 PM   #140 

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