Running with A Bad Crowd: Neil Bush & the $1 billion Silverado debacle

How Neil Bush let himself get caught up in the $1 billion Silverado debacle

Was Neil Bush a guileless victim of Denver's hard-charging financial sharpies or a willing accomplice? In the view of government regulators, Bush and 10 other former directors and officers of Denver's failed Silverado Banking, Savings and Loan are guilty of "gross negligence" and should pay $200 million in restitution for contributing to the S&L's collapse. As the President's outgoing, personable third son faces a separate disciplinary hearing this week in a Denver courthouse, federal investigators will accuse him of violating conflict-of-interest regulations while serving as a $12,000- a-year Silverado director. The 35-year-old oilman was widely perceived as a mere pawn of...

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