Politico financier tied to Pinochet money laundering dies at 87

[unhappycamper]

http://www.rawstory.com/rs/2012/12/13/politico-financier-tied-to-pinochet-money-laundering-dies-at-87/



Politico financier tied to Pinochet money laundering dies at 87
By Agence France-Presse
Thursday, December 13, 2012 7:36 EST

Texas financier and media magnate Joe Allbritton, who lost the scandal-racked Riggs bank to a hostile takeover after it was fined for helping Chilean dictator Augusto Pinochet launder money, has died at the age of 87.

The son of a Houston sandwich shop owner, Allbritton built a fortune in real estate, banking and the funeral business in Texas before becoming a Washington powerbroker following his purchase of the Washington Star newspaper in 1974.

While he had to sell the newspaper four years later, he maintained control of a number of television stations and the company now run by his son helped reshape political coverage in the United States with the launch of Politico in 2007.

Allbritton purchased a controlling interest in Washington’s historic Riggs National Bank — which had served 21 presidents and financed the Mexican-American war — in 1982.

[leveymg]

1. Old Joe was a lot more than that. He gave Poppy his bankers job in '76 after Bush was fired as CIA

Director. As a Director of First Interbancshares, Texas and Luxembourg, (dba, First Interbank) Bush turned Allbritton's bank into an affiliate of BCCI, and was part of the Bin Laden-Bin Mahfouz gang that purchased and looted another Texas institution, Republic Bank, and a bunch of other Texas banks and thrifts in the great oil patch land grab of the early 1980s that became more widely known as the S&L Crisis.

After he followed Poppy to Washington, Allbriton then went on to buy out and transform an old DC bank with CIA ties, Riggs Bank, which was closed down after 9/11 when federal investigators found it had been turned into a front for terrorist finance for the same Saudi-Texas Bush Crime family operators. Please, see, http://journals.democraticunderground.com/leveymg/365