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Banker linked to 1980s S&L scandal dies after jumping off Tampa International Airport garage

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seafan Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-14-09 10:44 PM
Original message
Banker linked to 1980s S&L scandal dies after jumping off Tampa International Airport garage
Source: St. Petersburg Times

TAMPA One of the leading figures of the savings and loan scandal of the 1980s jumped to his death from a parking garage at Tampa International Airport last week.
Michael Wise, 64, leaped from the ninth floor of the garage in the early afternoon of April 8. The Hillsborough County Medical Examiner's Office ruled the death an apparent suicide. It's unclear why Wise jumped.

Wise came to St. Petersburg earlier this decade to get a fresh start in the mortgage business.
Wise was a former Kansas clothing salesman who became best known as the chairman of Silverado Banking in Denver, where Neil Bush (brother of former President George W. Bush and former Florida Gov. Jeb Bush) was one of the directors and former Tampa Palms developer Kenneth Good was a major borrower. The institution's collapse in 1988 cost taxpayers $1 billion.

As a result, Wise was barred from the banking industry for life even though he was acquitted of charges that he used a $500,000 Silverado loan for personal expenses.
He moved on to Aspen, where he was accused of stealing $8.7 million from investors in a mortgage business, Cornerstone Private Capital. He pleaded guilty in 1999 and was sentenced to three years in federal prison in Leavenworth, Kan.
After being released, Wise went to work for Nations Holding Co., a Kansas company that owns CFIC Home Mortgage.

The St. Petersburg-headquartered mortgage company where Wise landed lost its right to do business in Georgia and was investigated in Florida. One of its problems: employment of felons, which some states don't allow.

Read more: http://www.tampabay.com/news/business/article992277.ece
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arcadian Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-14-09 10:49 PM
Response to Original message
1. "where Wise landed"
That's bad.
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blueclown Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-14-09 10:50 PM
Response to Original message
2. Damn, I was hoping it was one of the politicians involved in the S&L scandal n/t
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seafan Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-14-09 11:03 PM
Response to Original message
3. "I have nothing to say," Wise told the Times in 2007. "I have no reason to talk with you."
Borrowers Betrayed: Miami Herald Investigative Series


It will take years to get to the bottom of this grand robbery, if ever.


And, as we see once again, the BFEE is always lurking, just in the shadows.




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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-14-09 11:05 PM
Response to Original message
4. I would love to know the back story on this.
Besides the guy's impaired learning curve, that is.
What was going on that led to his death at this point in time?
Seems he managed to survive a string of illegal activites up to now.
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Sal Minella Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-14-09 11:13 PM
Response to Reply #4
5. Yes -- he could live through all those ghastly things -- so what was
the final ghastliest thing he couldn't live through? Would love to know.
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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-15-09 10:44 AM
Response to Reply #4
23. perhaps he ran out of people to bilk?
:shrug:
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notadmblnd Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-15-09 03:48 PM
Response to Reply #4
28. he knw too much?
If being a convicted felon and doing time in prison doesn't drive you to suicide to begin with, why would getting caught in another scam bother you?
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MessiahRp Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-14-09 11:37 PM
Response to Original message
6. Looks like someone finally read this:
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Name removed Donating Member (0 posts) Send PM | Profile | Ignore Wed Apr-15-09 04:25 AM
Response to Reply #6
14. Deleted message
Message removed by moderator. Click here to review the message board rules.
 
peacetalksforall Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-14-09 11:58 PM
Response to Original message
7. IF it was a suicide ... I wonder if it was connected to UBS and the revelations that are or will be
coming out about disclosures that have some wealthy in a panic.
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JDPriestly Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-15-09 12:06 AM
Response to Original message
8. How do they know that he jumped without a little "help"?
Tin-foil hat time. There have been so many convenient suicides in recent years. With the S&L crisis back in the news, who knows what information died with Wise.
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eagertolearn Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-15-09 12:30 AM
Response to Reply #8
9. Yes I was thinking the same thing. If you were going to jump off a building wouldn't you pick
one that was higher?
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Selatius Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-15-09 02:23 AM
Response to Reply #8
12. He likely made many enemies over the decades. Many people were ruined because of him.
If there is evidence that he was pushed off by someone wanting to get even, I wouldn't be surprised.
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Kolesar Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-15-09 05:41 AM
Response to Reply #8
15. Where's Frank Nitti?
"He's in the car."
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corkhead Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-15-09 01:17 PM
Response to Reply #8
27. You never know when it comes to the BFEE.
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rpannier Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-15-09 12:31 AM
Response to Original message
10. Has the man ever held a job that he wasn't stealing money from? nt
On a side note: I wouldn't mind seeing this story a few more times: BofA President, Citigroup President, Former Lehman Bros President, etc
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old mark Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-15-09 01:33 AM
Response to Original message
11. Don't care if he had "help" or not - just good to see one less banker.
Maybe this will start a trend?

mark
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-15-09 03:45 AM
Response to Original message
13. Why now?
And wtf do they mean he couldn't be in banking but he could be in mortgages????? EXCUSE ME?
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SpiralHawk Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-15-09 06:11 AM
Response to Original message
16. "We BFEEers did not have 'suicide' with that man, Mr. Wise. Smirk." - Neil 'Silverado Skank' Bush
Edited on Wed Apr-15-09 06:12 AM by SpiralHawk
"And, um, let me just add, just because the BFEE is notoriously in bed with the Moonies does not mean you DU creeps should start speculating about that web of entanglement in this, um, unfortunate, um, case, nor does this have anything to do with underage hookers and stuff. As always, we BFEEers have 'family values' and shit like that, so we are, um, innocent and stuff. Smirk."

- Neil 'Silverado Skank' Bush

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booksenkatz Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-15-09 11:33 AM
Response to Reply #16
25. *ding dong*
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w4rma Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-15-09 07:12 AM
Response to Original message
17. Why was he pushed? (nt)
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Blue_Tires Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-15-09 07:31 AM
Response to Original message
18. he probably took a LOT of secrets and names with him
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Vidar Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-15-09 07:32 AM
Response to Original message
19. Too bad this doesn't start a trend among thieving bankers.
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Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-15-09 08:56 AM
Response to Original message
20. "It's unclear why Wise jumped." So would that make this very...Unwise?
oh ouch!

no sympathy for this tool.
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Ian David Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-15-09 10:41 AM
Response to Original message
21. I hope he didn't hurt anyone or damage anyone's property. n/t
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Ian David Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-15-09 10:43 AM
Response to Original message
22. Obama was going to raise the top marginal rate on his income by 3%! He HAD to jump!
Edited on Wed Apr-15-09 10:44 AM by Ian David
Stop shitting around with the tea bags, and JUMP YOU FUCKERS!


What?


Too soon?

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Solly Mack Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-15-09 10:53 AM
Response to Original message
24. Hmmm
That goes in my "S&L:Where are they now" file
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formercia Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-15-09 11:41 AM
Response to Original message
26. He must have read the sign:
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