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Reply #110: Of Jackson Stephens, Jimmy Carter, BCCI & the Bushes [View All]

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Unknown Known Donating Member (829 posts) Send PM | Profile | Ignore Mon Jan-05-04 11:01 AM
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110. Of Jackson Stephens, Jimmy Carter, BCCI & the Bushes
Edited on Mon Jan-05-04 11:07 AM by Unknown Known
Introducing the US to BCCI was none other than Jackson Stephens of Stephens Inc. one of the largest investment banks outside Wall Street. This Arkansas entrepreneur became moneyman to Carter, Reagan, Bush I, Clinton and Bush II. He was also the former Naval Academy roommate of Jimmy Carter and classmate of former CIA head, Stansfield Turner. Stephens roots lay deep within NSA.

In 1975, Stephens introduces Pakistani financier, Agha Hasan Abedi, original owner of BCCI,

to Bert Lance, Jimmy Carters banker.

In 1978, Stephens tries to broker a deal to sell Indonesian businessman, Mochtar Riady, stock in the National Bank of Georgia. The deal falls through and Lance fronts BCCI with Saudi businessman, Ghaith Pharaon..

Pharaon was also working with Khalid bin Mahfouz and James Bath in the Main Bank of Houston. James Baths connections to the bin Ladens and Bushes is well known. Bath is also an Annapolis graduate and Naval fighter pilot.

The Stephens Bath/Bush Mahfouz - bin Laden connection is now in place.

James Bath and Jackson Stephens were the two largest infusers of money into Harken energy helping George W stay afloat.

When Harken needed an infusion of cash, Bush turned to family friend and investment banker Jackson Stephens of Little Rock, AK. The firm of Stephens Inc. was at the time one of the largest investment banks outside Wall Street. (The Stephens family were also active in Republican circles: Jackson Stephens would later contribute at least $200,000 to the Bush for President campaign, and his wife would become the Arkansas campaign chair.)

Jackson Stephens was identified by the Kerry committee as possibly "BCCI's Principal U.S. Broker," having facilitated BCCI's first acquisitions of U.S. banking concerns National Bank of Georgia and its former parent, Financial General Bankshares.
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