How the Elite Talk in Code

[Octafish]

It's almost an ENIGMA, what the rich and powerful say. It's to hide what they do.



Case in point: One Neil Mallon Pierce Bush, son of then-president George Herbert Walker Bush and caught with his hand in a billion-dollar S&L cookie jar called Silverado Savings & Loan. Here's what Poppy did for his Number 3 Son:

How the Elite Talk in Code

EXCERPT...

A perfect example of code talk comes from a true master insider, George H.W. Bush, when his son, Neil, was caught red handed in the middle of the S&L crisis as a director of Sliverado Bank.

Did Bush lay out his cards and call in his operatives and say pull some strings, get my son out of this investigation (Remember Bush was president at the time.) No. Bush is too smooth. In his published collection of letters, All The Best, George Bush, he shows us how the heat is delicately taken off Neil. On page 449, there is this letter to Thomas Ludlow Ashley.

Ashley is a Yale University grad, and member of the secret society Skull and Bones along with Bush. Here's the letter:

The Honorable Thomas Ludlow Ashley
Association of Bank Holding Companies
Washington, D.C. 20005

Dear Lud,

Thank you for your good memo December 8th.

I would appreciate any help you can give Neil. He tells me he never had any insider dealings. He got off the Board early--long before I was elected President. The Denver paper apparently ran a very nice editorial about him on that. He is an outside director, and thus I guess has liability, but I can't believe his name would appear in the paper if it was Jones not Bush. In any event, I know that the guy is totally honest. I saw him in Denver and I think he is worried about the publicity and the "shame". I tell him not to worry about that but any advice you can give as this matter unfolds would be greatly appreciated by me. If it turns out there has been some marginal call, or he has done something wrong, needless to say there will be no intervention from his dad. But, I'm quite confident this is not true...

Warm regards,

George

Notice how smooth. No talk about getting Ashley anything for taking care of the matter. The nice touch about if Neil "has done something wrong", but the clear finish, he didn't.

CONTINUED...

http://www.economicpolicyjournal.com/2009/07/how-elite-talk-in-code.html

When it comes to money and power, it really is a small world. We'd hear it more often, if only we were privy to the conversation.

When it comes to democracy, justice and freedom, We the People should be in on the discussion. And we should be fully informed. That leads the nation to make sound decisions.

PS: Thank you to Whoever's behind Economic Policy Journal. It's no secret: She or He or They make(s) the Dismal Science absolutely fascinating.

[snooper2]

1. too fat, too skinny, Hellllllllllllllooooooooooo BABY!

[Octafish]

3. Interesting what you got out of it, snooper2.

What about Poppy Bush getting the Feds off Neil's pimply backsides?

When hundreds of Savings and Loans banks went bankrupt in the 1980s, the U.S. government bailed them out by transferring about $500 billion from U.S. taxpayers to a select group of extremely rich, powerful people. What these people had in common were their symbiotic relationships to the Mafia and the CIA.

1980s, USA: Money Laundering for Contras, the Mob and the CIA

By Gary W.Potter, Eastern Kentucky University.

To some, the savings and loan (S & L) scandal of the 1980s is "the greatest... scandal in U.S. history" (Thomas, 1991: 30). To others, it is the single greatest case of fraud in the history of crime (Seattle Times, June 11, 1991). Some see it as the natural result of the ethos of greed promulgated by the Reagan administration (Simon and Eitzen, 1993: 50). To others, it was a conspiracy to move covert funds out of the country for the CIA (Bainerman, 1992: 275).

S & Ls were living, breathing organisms that fused criminal corporations, organized crime and the CIA into a single entity that served the interests of America's political and economic elite.

SNIP...

Neil Mallon Bush

In 1983, Neil formed JNB Exploration with an investment of $100. He was named president of this oil company that eventually drilled 30 wells but never struck any oil.

Neil's JNB partners, Ken Good and Bill Walters, contributed $160,000 to create JNB. They had business ties to numerous shady characters connected to organized crime, the CIA, arms dealers, money launderers and the Contras.

Between 1985 and 1988, Neil was also a director of Silverado Banking Savings and Loan in Denver, Colorado. Silverado lent over $200 million to Good and Walters. Neil did not disclose his connections to Good and Walters, when - as a Silverado director - he voted to grant them the loan. Good raised Bush's JNB salary from $75,000 to $125,000 and gave him a $22,500 bonus. In total, Bush received $550,000 in salaries from Walters and Good. Neil also received a $100,000 loan from Good that was later forgiven.

In 1990, Federal regulators filed a $200-million lawsuit against Neil and other officers of Silverado Banking. Regulators determined that Neil was completely dependent on Good and Walters for his income. An expert hired by regulators said Neil suffered from an "ethical disability."

In 1990, Neil was reprimanded by the U.S. Office of Thrift Supervision for "multiple conflicts of interest" and ordered to pay $50,000. Neil's $250,000 legal bill was paid by a legal defense fund formed by Thomas Ashley, a friend of Neil's father.

SOURCE: http://coat.ncf.ca/our_magazine/links/issue43/articles/mone_laundering_for_contras.htm

The taxpayers picked up the tab for the de-regulated and looted S&Ls in the late 80s and early 90s. You know what else isn't funny? The taxpayers would pick up the tab for the de-regulated and looted banks in the late 00s.

What a coincidence.

[snooper2]

4. I familiar with all of the shady shit the bush fuckers have done over the years

Right now I'm just waiting for them to die so I can have a little party...

It would be cool if Babs and Pat Robertson kicked the bucket on the same day actually. That way there is only one ignorant news cycle...


Now for some more greatness!

[Octafish]

7. So why not post about the Bush crime family and their cronies?

It'd help, you know, inform rather than entertain -- or, as in your current examples, divert.

For those interested in the subject of how to get away with stealing a trillion:

The S & L Bailout:

$32 billion every year for 30 years

excerpted from the book

Take the Rich Off Welfare

by Mark Zepezauer and Arthur Naiman

Odonian Press, 1996

EXCERPT...

By the time Ronald Reagan took office in 1981, two-thirds of the nation's S&Ls were losing money and many were broke. If all the problem thrifts had been shut down right then, the government's insurance fund would have covered their debts.

SNIP...

Beebe also had money in Silverado Savings, an S&L partly owned by President Bush's son Neil. Silverado told a prospective borrower he couldn't have $10 million; instead, he should borrow $15 million and buy $5 million in Silverado stock.

Although federal examiners knew Silverado was leaking cash as early as 1985, it wasn't closed down until December 1988, a month after Bush was elected president. Because Silverado kept leaking cash for those three years, it ended up costing taxpayers more than a billion dollars.

Robert Corson, who helped the CIA smuggle and launder money, bought Kleburg County Savings and Loan and bankrupted it in nine months. Houston Post reporter Pete Brewton found 24 failed S&Ls with ties to the ClA. One of these was Peoples Savings and Loan in Llano, Texas, which loaned $3 million to Ray Corona, a drug smuggler, and $2.3 million to his associate Harold White.

One of Corona's drug-smuggling associates was Frank Castro, a Cuban exile involved in Oliver North's contra resupply network. Herman Beebe's Palmer National Bank was also involved with North; it loaned money to customers who then channeled it to the Swiss bank accounts used to supply the contras.

CONTINUED...

http://www.thirdworldtraveler.com/Corporate_Welfare/S%26L_Bailout.html

The magnus opus, IMFO, is Pete Brewton's "The Mafia, CIA and George Bush." Readers are leaders, snooper2. What people who watch tee vee are is manipulated.

[QuestForSense]

18. Yet another who made his money the old-fashioned way.

People do not have any conception of what being born with a silver spoon in one's mouth really means.

I loved this: "An expert hired by regulators said Neil suffered from an 'ethical disability.'"

But I'd like to draw attention to this: "Neil's $250,000 legal bill was paid by a legal defense fund formed by Thomas Ashley, a friend of Neil's father."

UNBELIEVABLE!

[Egalitarian Thug]

2. K&R This is the fight that matters. n/t

[Octafish]

5. The Elite can handle volume.

They can move massive sums, from user, uh, investor to bank to offshore entity in complete secrecy.

And thanks to their employees in Washington, DC and the hoodwinked masses they represent across the country, it's all perfectly legal. Or, at least they say so.

Who can tell?

-------------------------------------------------------------------

Besides you, Egalitarian Thug, and informed people, few know this. For the last half century, the free press is nowhere to be found, replaced by Corporate McPravda which adds zero to the real conversation.

[lastlib]

6. "...add zero to the real conversation"?!? What are you talkin' about?

They're all over the Kardashians and Honey Boo Boo!

[Octafish]

8. Excellent catch and point.

The Lewis Powell Memo - Corporate Blueprint to Dominate Democracy

Greenpeace has the full text of the Lewis Powell Memo available for review, as well as analyses of how Lewis Powell's suggestions have impacted the realms of politics, judicial law, communications and education.

Blogpost by Charlie Cray - August 23, 2011 at 11:20
Greenpeace.org

Forty years ago today, on August 23, 1971, Justice Lewis F. Powell, Jr., an attorney from Richmond, Virginia, drafted a confidential memorandum for the U.S. Chamber of Commerce that describes a strategy for the corporate takeover of the dominant public institutions of American society.

Powell and his friend Eugene Sydnor, then-chairman of the Chamber’s education committee, believed the Chamber had to transform itself from a passive business group into a powerful political force capable of taking on what Powell described as a major ongoing “attack on the American free enterprise system.”

An astute observer of the business community and broader social trends, Powell was a former president of the American Bar Association and a board member of tobacco giant Philip Morris and other companies. In his memo, he detailed a series of possible “avenues of action” that the Chamber and the broader business community should take in response to fierce criticism in the media, campus-based protests, and new consumer and environmental laws.

SNIP...

The overall tone of Powell’s memo reflected a widespread sense of crisis among elites in the business and political communities. “No thoughtful person can question that the American economic system is under broad attack,” he suggested, adding that the attacks were not coming just from a few “extremists of the left,” but also – and most alarmingly -- from “perfectly respectable elements of society,” including leading intellectuals, the media, and politicians.

To meet the challenge, business leaders would have to first recognize the severity of the crisis, and begin marshalling their resources to influence prominent institutions of public opinion and political power -- especially the universities, the media and the courts. The memo emphasized the importance of education, values, and movement-building. Corporations had to reshape the political debate, organize speakers’ bureaus and keep television programs under “constant surveillance.” Most importantly, business needed to recognize that political power must be “assiduously cultivated; and that when necessary, it must be used aggressively and with determination – without embarrassment and without the reluctance which has been so characteristic of American business.”

CONTINUED...

http://www.greenpeace.org/usa/en/news-and-blogs/campaign-blog/the-lewis-powell-memo-corporate-blueprint-to-/blog/36466/

[lastlib]

9. I've read the Powell manifesto....

...several times--it sends chills down my spine every time. It really defines what we are up against; every thinking American ought to read it! We have a HUGE fight on our hands, and it's not going to get any easier. The longer people stay passive against it, the more we lose, and it gets tougher by the day to reclaim the ground we lose. I really think we have to become as nasty and aggressive against these forces as they have become against us, or we don't stand a chance.

Years ago, an economist named Friedrich Hayek wrote a book called "The Road To Serfdom" railing against statist economic thinking. I really think that, following the Powell Memo and everything it has set in motion against us, we are now on a super-highway to a different kind of serfdom--a serfdom ruled by corporate masters. And it'll turn out worse than all the evils of the robber-baron era of the nineteenth century. Union rights--gone. Worker rights--gone. Civil rights, political equality--gone.

. . . . . .

[1StrongBlackMan]

15. I think many/most know this ...

but few see any real options to combat this.

Fact is ... the powerful will always talk to and protect the powerful; it has been that way since the 3rd person popped up.

[Octafish]

19. Did you ever see Poppy Bush's letter on behalf of Silverado Neil to regulator Ashley before?

It's something a free press would bring up, certainly during the time of the S&L bailout and Silverado, if not during the Great Bankster Bailout of 2008. In addition to integrity, that type of news gathering requires more than a reporter who knows how to read English.

The fact the meaning the letter contains has to be found online at Economic Policy Journal and DU demonstrates the corrupt nature of the nation's press, as well as the difficulty in finding the meat of the message in written communication between Skull and Bonesmen.

[Egalitarian Thug]

22. Well. at least for the last couple thousand years. n/t

[Hosnon]

10. That doesn't strike me as an "elite" thing.

It's just crafting language with enough finesse so the point is danced around but still made.

[Octafish]

12. I can't remember Poppy saying -- let alone doing -- much for anyone, except a son or crony.

Let us compare the perspectives of two "Elitists."

First, John Fitzgerald Kennedy spoke in his inaugural of a future where humanity could work together in peace to fight "the common enemies of man: tyranny, poverty, disease, and war itself."

Second, George Herbert Walker Bush said in his inaugural address that our nation has "more will than wallet" and shouldn't even try (of course, later, he would find all the money needed to bail out the S&Ls his son Neil and their cronies had looted).

What's even more troubling, we went from a nation that believed every human life has equal value to an empire where, as Poppy's dim noted when he "served" in the Oval Office, "Money trumps peace." That's not just un-American. That's Nazi.

[1StrongBlackMan]

16. I think the point is ...

the "elite" are in the position to ask without asking and things get done.

But honestly, that is, has been, and will be the way of world. Is it fair? ... Hell no. Is that something that should have been learned in the second day of Kindergarten? ... Absolutely. Is there anything that can be done about it? ... Not really. We can go after the individual actors; but the powerful will always talk to, and protect, the powerful. To believe otherwise (IMO) is to believe a fantasy.

[daleanime]

11. K&R....

[Octafish]

14. Why it makes dollars and cents...

"One of the things that is interesting about reading conspiracy theory is that much of what folks think is conspiracy is really many people acting in concert to make or protect their money." -- Catherine Austin Fitts.

[daleanime]

17. Nice quote....

and very true.

[Rex]

13. The Bush family got away with so many crimes, it caused me to lose most of my respect

for America.

[Octafish]

20. I know what you mean, Rex.

We both still love our country -- it's just the treasonous crooks getting away with mass murder, theft of the Treasury and warmongering that makes it tough to smile some days.

Antidote.

[bobthedrummer]

21. It's definitely far beyond Neuro Linguistic Programming, isn't it? K&R#50

Looking Behind the Bushes
http://prorev.com/bush2.htm

[Octafish]

26. The anti-corruption plain language guide

Terms covered:



The "Fraud" and "Grand Corruption" pages are among those that should be of great interest to DUers and anyone who cares about the United States of America.

SOURCE online: http://issuu.com/transparencyinternational/docs/ti_plain_language_guide?e=2496456/2028282

Thank you, bobthedrummer. If you hadn't mentioned NLP, I'd never have learned about the incredible resources at Transparency International.

[One_Life_To_Give]

23. Never write if you can speak

"Never write if you can speak; never speak if you can nod; never nod if you can wink."
Martin Michael Lomasney

[Octafish]

27. The Wink.

Thank you for Mr. Lomasney's outstanding maxim. It's a saying I wish I had read years ago!



Negative No. 17: http://www.umsl.edu/~skthoma/lbj.htm

[bvar22]

24. Its a small club, and we ain't in it.

Thanks, George Carlin.

Right now, they are mining the last bit of Wealth from America's Working Class,
and pulling up the ladders.

[Octafish]

28. God Bless You, Mr. Rosewater, for slurping lessons...

We have known giants, bvar22!

PS: How's married life?

[lonestarnot]

25. Earth killing thieving warmongering bullshitlers are still up to no good and forever more as long as

they inhabit earth they will continue to live lavishly on all the little people and get away with it.

[Octafish]

29. There aren't enough corrupt cops in the universe to protect them...

...from the Truth.

For example:

The Human Cost of Corruption - US Senate Cuts Food Stamps While Giving the Sugar Lobby Billions

http://www.republicreport.org/2012/the-human-cost-of-corruption-in-the-u-s-senate-cutting-food-stamps-while-giving-the-sugar-lobby-billions/


Then there is you, lonestarnot. No universe with you in it is void of integrity.

[lonestarnot]

30. Yes, there is always the hot flame of truth. OMG that link boils my blood!

[Octafish]

31. Here's what else the Elite fear: having to share their loot...

...it's why they've done all things possible to corrupt Washington, cough, the Taxman.

Tax Offshore Wealth Sitting In First World Banks

James S. Henry
07.01.10, 09:00 AM EDT
Forbes Magazine dated July 19, 2010

Let's tax offshore private wealth.

How can we get the world's wealthiest scoundrels--arms dealers, dictators, drug barons, tax evaders--to help us pay for the soaring costs of deficits, disaster relief, climate change and development? Simple: Levy a modest withholding tax on untaxed private offshore loot.

Many aboveground economies around the world are struggling, but the economic underground is booming. By my estimate, there is $15 trillion to $20 trillion in private wealth sitting offshore in bank accounts, brokerage accounts and hedge fund portfolios, completely untaxed.

SNIP...

This wealth is concentrated. Nearly half of it is owned by 91,000 people--0.001% of the world's population. Ninety-five percent is owned by the planet's wealthiest 10 million people.

SNIP...

Is it feasible? Yes. The majority of offshore wealth is managed by 50 banks. As of September 2009 these banks accounted for $10.8 trillion of offshore assets--72% of the industry's total. The busiest 10 of them manage 40%.

CONTINUED....

http://www.forbes.com/forbes/2010/0719/opinions-taxation-tax-havens-banking-on-my-mind.html

All we lack, as the saying goes, is the political will -- that, or a government with integrity.