Thursday, May 7, 2009

It's All In The Family

Bush family members controlled both Lehman Bros. and Silverado S & L , as such the Bush family had a relationship with both the S&L and Bank failures.

While George Bush was President of the United States, his Administration stopped the Attorneys General from the 50 states from using consumer protection laws to stop the banks from making loans they knew would never be repaid. In other words, Bush allowed the banks to commit fraud on an unsuspecting public for family gain.

As it turns out the Bush family has been involved in both Banking and Savings and Loans and with their scandals. George Herbert Walker IV was head of Lehman Brothers Investment Management Division as managing director at the time of its collapse. And Neil Bush was the director of Silverado Savings and Loan.

The savings and loan crisis of the 1980s and 1990s (commonly referred to as the S&L Crisis) was the failure of 745 savings and loan associations (S&Ls aka thrifts). The ultimate cost of the crisis is estimated to have totaled around $160.1 billion, about $124.6 billion of which was directly paid for by the U.S. Government that is, the U.S. taxpayer.

Walker, who headed Lehman Bros., was the great grandson of George Herbert Walker, the founder of G. H. Walker & Co., a securities firm, which eventually became part of Merrill Lynch. George Herbert Walker and Prescott Bush (The Grandfather of George Bush), funded and directed the Military Industrial Complex behind Adolf Hitler and the Nazi Revolution.

The grandfather of President George Walker Bush was Prescott Bush, and his great grand father was George Herbert Walker. Prescott Bush and George Herbert (Bert) Walker were directors of the London-affiliated New York banking house of Brown Brothers-Harriman and its various fronts, which funded and directed Hitler’s Military-Industrial Complex.

Walker is a second cousin to former President George W. Bush.

An interesting side note, Lehman Bros. was a major shareholder in the Federal Reserve System’s (FRS) stock. When Barclays, a British bank took them over, what happened to the shares of FRS stock?

Lehman Brothers Holdings Inc. (Pink Sheets: LEHMQ, former NYSE ticker symbol LEH) was a global financial-services firm that, until declaring bankruptcy in 2008, did business in investment banking, equity and fixed-income sales, research and trading, investment management, private equity, and private banking. It was a primary dealer in the U.S. Treasury securities market. Its primary subsidiaries included Lehman Brothers Inc., Neuberger Berman Inc., Aurora Loan Services, Inc., SIB Mortgage Corporation, Lehman Brothers Bank, FSB, Eagle Energy Partners, and the Crossroads Group. The firm's worldwide headquarters were in New York City, with regional headquarters in London and Tokyo, as well as offices located throughout the world.

On September 15, 2008, the firm filed for Chapter 11 bankruptcy protection. The filing marked the largest bankruptcy in U.S. history. The following day, the British bank Barclays announced its agreement to purchase, subject to regulatory approval, Lehman's North American investment-banking and trading divisions along with its New York headquarters building. On September 20, 2008, Judge James Peck approved a revised version of that agreement.

Jack Ferm has written several books which can be downloaded from his web presence at They include: “Goliath Must Fall”; “Project MKUltra”; and “Into the Darkness”