being investigated for exposing banking data filtering used to smoke out the terrahists. How much attention to the following did Faux Snooze afford?? I imagine it was less than none.
The memory hole is deeper than it needs to be.
http://www.counterpunch.org/floyd01312003.htmlOne of those cut-outs was Mahfouz factotum James Bath, a partner in George W.'s early oil venture, Arbusto. Bath has admitted serving as a pass-through for secret Saudi money. Years later, when Bush's maladroit business skills were about to sink another of his companies, Harken Energy, the firm was saved by a $25 million investment from a Swiss bank--a subsidiary of the Bank of Credit and Commerce International (BBCI), partly owned by the beneficent Mahfouz.
What was BCCI? Only "one of the largest criminal enterprises in history," according to the U.S. Senate. What did BCCI do? "It engaged in pandemic bribery of officials in Europe, Africa, Asia and the Americas," says journalist Christopher Bryon, who first exposed the operation. "It laundered money on a global scale, intimidated witnesses and law officers, engaged in extortion and blackmail. It supplied the financing for illegal arms trafficking and global terrorism. It financed and facilitated income tax evasion, smuggling and prostitution." Sort of an early version of the Bush Regime, then.
BCCI's bipartisan corruption first permeated the Carter Administration, then came to full flower in the Reagan-Bush years. The CIA uncovered the bank's criminal activities in 1981--no great feat, considering how many of its own foreign "associates" were involved, including the head of Saudi intelligence, Kamal Adham, brother-in-law of King Faisal. But instead of stopping the drug-runners and terrorists, the agency decided to join them, using BCCI's secret channels to finance "black ops" all over the world.
When a few prosecutors finally began targeting BCCI's operations in the late Eighties, President George Herbert Walker Bush boldly moved in with a federal probe directed by Justice Department investigator Robert Mueller. The U.S. Senate later found that the probe had been unaccountably "botched"--witnesses went missing, CIA records got "lost," all sorts of bad luck. Lower-ranking prosecutors told of heavy pressure from on high to "lay off." Most of the big BCCI players went unpunished or, like Mahfouz, got off with wrist-slap fines and sanctions. Mueller, of course, wound up as head of the FBI, appointed to the post in July 2001--by George W. Bush.