10. THE BUSH FAMILY AND ITS CONFLICTS OF INTEREST
Richard Nixon had his brother Donald; Jimmy Carter had his
brother Billy, Ronald Reagan had his brother Neil. But, in recent presidential
history, no president has had the blatant familial conflicts of interest that
George Bush has.
Prescott Bush. Brother. Munenobu Shoji, president of a Japanese
real estate firm, reported that his firm and another, both run by a
former Japanese crime boss, paid Prescott $200,000 for investment advice.
Shoji said he was introduced to Prescott by the president of a firm
with connections to an organized-crime syndicate. "I thought of
making investments in the United States with the help of Mr. Bush, who
is a financial consultant and knows many influential people such as
the presidents of South Korea and the Philippines," Shoji said.
Neil Bush. Son. Neil was a director of Silverado Savings and
Loan, in Colorado, which was shut down by regulators in December 1988
and is expected to cost taxpayers about $1 billion. Regulators were
told to delay closing Silverado until after election day in 1988. In
mid-July, 1991, Neil was hired as director of new business development
for TransMedia Communications, a cable sports network. When asked, Bill
Daniels, the cable TV tycoon who hired Neil, said he will "absolutely"
continue to communicate with the president (George Bush) in his battle
to stave off re-regulation of the cable industry.
Jeb Bush. Son. Jeb Bush, a Miami real estate developer, knew
Leonel Martinez, a Miami builder, as a generous contributor to Bush
family causes. Others knew that Martinez imported more than 3 1/2 tons
of cocaine and more than 75 tons of marijuana into the United States
and was under investigation for more than four murders. Martinez, also
a dedicated Reaganite and active supporter of the contras, is now serving
23 years in prison for drug trafficking.
George W. Bush. Son. When Harken Energy Corp. of Grand Prairie,
Texas, signed an oil-production sharing agreement with Bahrain, a tiny
island off the coast of Saudi Arabia, industry experts marveled over
how a virtually anonymous company, with no previous international drilling
experience, could land such a potentially valuable concession. Perhaps
the experts were not aware that George W. Bush, eldest son of the President,
was on Harken's board of directors and a $50,000-a-year "consultant"
to the company's chief executive officer. George sold more than 200,000
shares of Harken stock just weeks before Iraq's invasion of Kuwait,
on August 2, 1990 but did not report the "insider" stock sale
until March of 1991, nearly eight months after the federal deadline
for disclosing such transactions.
SSU CENSORED RESEARCHER: DUSTIN HARP
SOURCE: SAN FRANCISCO EXAMINER, 110 Fifth Avenue, San Francisco, CA
TITLE: "Crime-linked firms hired Prescott Bush"
SOURCE: SANTA ROSA PRESS DEMOCRAT, 427 Mendocino Ave., Santa Rosa,
DATES: 7/19/91 and 8/6/91
TITLES: "Neil Bush's new boss" and "Son's S&L not
SOURCE: SPIN, 6 West 18th St., 11th Floor, New York, NY 10011,
TITLE: "See No Evil"
AUTHOR: Jefferson Morley
SOURCE: THE TEXAS OBSERVER, 307 West 7th St., Austin, TX 78701,
DATES: 7/12/91 and 8/6/91
TITLES: "Oil in the family" and "Global Entanglements"
AUTHOR: David Armstrong
COMMENTS: Author Jefferson Morley said that "the revelation
that the President and his son and the nation's top drug policy official
have received money from a convicted cocaine trafficker -- and have
not returned said campaign contributions -- is worthy of mass media
and reportorial follow-up. My article in SPIN received neither."
David Armstrong notes that "given George W. Bush's involvement in Harken
Energy, exposure of the company's more unsavory connections would be unlikely
to improve the president's standing in the polls."
The various sources
used by Project Censored to compile this nomination about President George Bush,
his family, and their questionable conflicts of interest combine to make a point
about the media coverage. Indeed, if a person happened to read a variety of sources
on this issue, one would have a fairly good insight into how members of the Bush
family use the presidency to further their personal goals despite the appearance
of serious conflicts of interest. This is asking a lot of even the most concerned
"good citizen." It is the media's responsibility to collect all the
information about the various intrigues of the Bush family and present it to the
American public in the context of the political/economic scene. This, of course,
the media has not done.