little world

Silverado Savings and Loan

Silverado Savings and Loan collapsed in 1988, costing taxpayers $1.3 billion. Neil Bush, the son of then Vice President of the United States George H. W. Bush, was on the Board of Directors of Silverado at the time. Neil Bush was accused of giving himself a loan from Silverado, but he denied all wrongdoing.[29]

The U.S. Office of Thrift Supervision investigated Silverado's failure and determined that Neil Bush had engaged in numerous "breaches of his fiduciary duties involving multiple conflicts of interest". Although Bush was not indicted on criminal charges, a civil action was brought against him and the other Silverado directors by the Federal Deposit Insurance Corporation; it was eventually settled out of court, with Bush paying $50,000 as part of the settlement, The Washington Post reported.[30]

As a director of a failing thrift, Bush voted to approve $100 million in what were ultimately bad loans to two of his business partners. And in voting for the loans, he failed to inform fellow board members at Silverado Savings & Loan that the loan applicants were his business partners.[31]

Neil Bush paid a $50,000 fine, paid for him by Republican supporters,[32] and was banned from banking activities for his role in taking down Silverado, which cost taxpayers $1.3 billion. An RTC suit against Bush and other Silverado officers was settled in 1991 for $26.5 million.

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Kermit Mowbray was a President for Topeka, KS in the Federal Home Loan Bank Board with one video in the C-SPAN Video Library; the first appearance was a 1990 House Committee.Appearances by Title:PreviouslyPresident, Topeka, KS, Federal Home Loan Bank Boardc. June 19, 1990 - c. June 18, 1990

https://www.c-span.org/video/?12746-1/silverado-savings-loan-closure

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"by doing nothing, all is done"

the Tao or the Dow Jones

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After a short tenure as a CIA analyst,[8] in 1988, Volker joined the United States Department of State as a Foreign Service Officer in the United States Foreign Service.[5] While in the Foreign Service, he served in various assignments overseas including London and Brussels, and the US Embassy in Budapest (1994–1997). Volker was special assistant to the United States special envoy for Bosnia negotiations, Richard Holbrooke.[9]


Volker served as a legislative fellow on the staff of Senator John McCain from 1997 to 1998. 


Volker went into the private sector in 2009, becoming an independent director at The Wall Street Fund Inc,[11] where he worked until 2012. He was a member of the board of directors at Capital Guardian Funds Trust[12] beginning in 2013.[13] Volker was also an independent director at Evercore Wealth Management Macro Opportunity Fund until 2012.[14]

Volker served as a senior advisor at McLarty Associates, a global consulting firm from 2010–2011.

In 2011, he joined BGR Group, a Washington-based lobbying firm and investment bank, where he currently serves as a managing director in the firm's international group.[15]


He then became executive director of Arizona State University's McCain Institute for International Leadership[16] when it was launched[17] in 2012. He resigned in 2019.



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https://en.wikipedia.org/wiki/Savings_and_loan_crisis

"On November 17, 1989, the Senate Ethics Committee investigation began of the Keating Five, Alan Cranston (D–CA), Dennis DeConcini (D–AZ), John Glenn (D–OH), John McCain (R–AZ), and Donald W. Riegle, Jr. (D–MI), who were accused of improperly intervening in 1987 on behalf of Charles H. Keating, Jr., chairman of the Lincoln Savings and Loan Association.

Keating's Lincoln Savings failed in 1989, costing the federal government over $3 billion and leaving 23,000 customers with worthless bonds. In the early 1990s, Keating was convicted in both federal and state courts of many counts of fraud, racketeering and conspiracy. He served four and a half years in prison before those convictions were overturned in 1996. In 1999, he pleaded guilty to a more limited set of wire fraud and bankruptcy fraud counts, and sentenced to the time he had already served."



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1986 Petróleos de Venezuela, S.A. (PDVSA) purchased 50 percent of CITGO.

1990  CITGO became wholly owned by Petróleos de Venezuela (PDVSA).

That same year, the former Champlin Refinery in Corpus Christi, Texas, became a part of the company’s refining network.

1990   Collapse of the Soviet Union