Good morning!
Readers: Let me be clear if I haven’t been clear enough in the past two days. I am only passing along this information. The title is my own, however, I did not compile the information nor did I write the article. I found this information in my research and am simply passing it along. Kudos will go to the writer when this series is complete.
The Family That BUSHwhacked America
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Neil
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Jeb
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George Snr
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Marvin
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 George Jnr. |
As promised….here are some of…
The Actors
Below are the sections in alphabetical order, of some of the companies and individuals connected to the Bush family (or vice versa).
Arbusto Oil and the bin Laden Connection
Oh what a tangled Web we weave. Salem bin Laden, one of 57 children their father Mohammed sired with his 12 wives, and Bush were founders of the Arbusto Energy oil company in Texas (I assume not with the 12 wives as well).
He died in a plane crash — like his father — but not before the Arbusto Energy Oil Company, founded in 1978, had become hugely successful. Later, Spectrum 7 Corp bought out Arbusto (now called Bush Exploration Co). In 1986, with the company on the verge of bankruptcy, it was purchased by Harken, and even though Bush Exploration Co had debts of $3 million, Harken paid Bush $2 million for his stock.
See also the BCCI (Bank of Credit & Commerce) connection below, another murky international scandal involving drug money laundering etc which one of the original investors in Arbusto, James R. Bath, a Houston businessman and old friend of GWB was involved in.
“Time magazine described Bath in 1991 as “a deal broker whose alleged associations run from the CIA to a major shareholder and director of the Bank of Credit & Commerce.” BCCI, as it was more commonly known, closed its doors in July 1991 amid charges of multibillion-dollar fraud and global news reports that the financial institution had been heavily involved in drug money laundering, arms brokering, covert intelligence work, bribery of government officials and—here’s the kicker—aid to terrorists.”
James Hatfield
John Ashcroft: Attorney General And Defender Of The Confederacy
Corporate Connections:
AT&T; Microsoft; Schering-Plough; Enterprise Rent-A-Car; Monsanto
As a senator from Missouri, John Ashcroft received generous campaign contributions from companies, including Enterprise Rent-A-Car and Monsanto, which were based in his home state. But a company didn’t have to be from Missouri to get some attention from the senator. Ashcroft was one of only a handful of senators sponsoring a bill that extended the patent on Schering-Plough’s ultra-profitable allergy pill, Claritin. Extending the patent, which expires in 2002, would save the company billions of dollars in potential revenue. The bill died in committee, but Schering-Plough still gave Ashcroft $50,000 for his failed 2000 Senate bid. Schering-Plough donated the money to Ashcroft’s joint fundraising committee, which Ashcroft set up with the National Republican Senatorial Committee to encourage unlimited soft money contributions from corporations that could not legally contribute to his main campaign committee. (Check out Schering-Plough’s campaign contributions to other candidates.) Besides Schering-Plough, Ashcroft’s joint committee logged contributions from AT&T ($25,000) and Microsoft ($10,000). Microsoft, of course, is hoping the new attorney general drops the justice department’s antitrust suit against the company.”
Baker & Botts
James Baker III
“He says the government shouldn’t overreact to corporate scandals. He led the campaigns of the last four Republican presidents. He watched the September 11 attacks at the Ritz-Carlton with the Bin Laden family. He’s defending the Saudi’s against a trillion-dollar lawsuit brought forth by the September 11 families.
BCCI (Bank of Credit & Commerce)
“BCCI defrauded depositors of $10 billion in the ’80s in what has been called the “largest bank fraud in world financial history” by former Manhattan District Attorney Robert Morgenthau.”
Wayne Madsen
The BCCI-Bush connection is, it could be argued an ‘accidental’ one, but it’s highly unlikely even if it is difficult to track, But the seeds are all there, including GW Snr’s CIA connection (as head of it) in the 1970s and the links to BCCI as well as his long time association with James R. Bath an investor in Arbusto. Bath, was a Houston businessman and old friend was also an investor in BCCI. Essentially, BCCI was a convenient ‘channel’ for moving money through to fund the various illegal enterprises being undertaken at the time including, Iran-Contra, the Iranian arms sales, CIA money laundering operations, connections to powerful Middle Eastern businessmen, the Vatican and its right-wing connections through BNL.
Perhaps this extract from “Texas Connections” http://www.thedubyareport.com/txconnect.html gives you an idea of the reach:
“… Sheikh Abdullah Bahksh of Saudi Arabia, a 16% shareholder in Harken Energy at the time, was represented by a Palestinian-born Chicago investor named Talat Othman, who served with George W. Bush on the board of Harken Energy. Othman made at least three separate visits to the White House to discuss Middle East affairs with then President George Bush. At about the same time, and just prior to the Gulf War, Harken Energy, with no previous international or offshore drilling experience, was awarded a 35-year petroleum exploration contract with the emirate of Bahrain.
Sheikh Bahksh emerged as a co-investor in the Bank of Commerce and Credit International (BCCI), a criminal enterprise since dissolved, that existed primarily as a mechanism for obtaining political influence using Middle Eastern oil money. Bahrain’s prime minister, Sheik Khalifah bin-Sulman al-Khalifah, was a major investor in BCCI’s parent company, BCCI Holdings, of Luxembourg. Through its commodities affiliate, Capcom, BCCI was used as a money laundering service by drug traffickers, arms dealers, etc. BCCI’s front man in the U.S., and the person chiefly responsible for its takeover of First American Bank in the U.S., was Kamal Adham. Adham is referred to in the Kerry Committee report on BCCI as having been “the CIA’s principal liaison for the entire Middle East from the mid-1960′s through 1979.” He was also the head of intelligence for Saudi Arabia during the time George Bush Sr. was Director of the CIA.”
Carlyle Connection – There’s no business like war business
There are so many connections between the Bushes, the ‘Defence’ establishment, the global trade in arms, that the mind boggles. That it barely gets a mention in the mainstream media (except of course, to simply ‘report’ it) is a scandal of the grandest proportions. But it only goes to show the power of big business and the political class they have installed in both the US and the UK (after all, John Major is employed by the Carlyle Group and BAE Systems, the major arms supplier to the UK, is part-owned by Carlyle). Not only the connections beggar belief but the sheer hypocrisy of the Bush government should put it in a new category in the Guinness Book of Records. As you’ll see from just a few of the links to information on Carlyle below, their tentacles extend to many of the armed conflicts going on in the world. There’s no business like war business!
Elliot Abrams
Unless you were around and following events in the 1980s, especially Central American affairs and later, the Iran-contra scandal, you probably won’t know who Elliot Abrams is. More’s the pity too. As Reagan’s Assistant Secretary of State for Human Rights and Humanitarian Affairs he used to oversee US foreign policy in Latin America, and was active in covering up some of the worst atrocities committed by the US-sponsored Contras. According to congressional records, under Abram’s watch, the Contras “raped, tortured, and killed unarmed civilians, including children,” and that “groups of civilians, including women and children, were burned, dismembered, blinded and beheaded.”
His partners-in-crime include John Negroponte, the new ambassador to the UN, who served under Reagan as ambassador to Honduras from 1981-1985. He is known for his role in the cover up of human rights abuses by CIA trained paramilitaries throughout the region. Coincidentally? Honduran exiles associated with the paramilitary forces that had been living in the US, were exported to Canada prior to Negroponte’s Senate confirmation hearing, thus rendering their testimony unavailable.
Another partner from the ‘good ol’ days is Otto Reich who has been appointed as Assistant Secretary of State for Western Hemisphere Affairs (which includes Latin America). The Bush administration used a “recess appointment” during January 2002 to side step the Senate confirmation hearing otherwise required of the appointment. Democrat opposition to Reich’s nomination had been predicted.
But they are still up to their old tricks:
“The coup in Venezuela against Hugo Chavez sports the sticky fingerprints of all three men and the modus operandi of a long line of US-led cold war interventions.
But if these covert ops were tragedy, the Chavez plot was farce. The rapid unraveling of the coup suggested that the Venezuelan plotters would have done better seeking advise from Supreme Court Justice Rehnquist rather than from Reich. It soon became public that Bush officials maintained a web of connections with the conspirators and appeared to have foreknowledge of the plot. Using the same conduit Reagan used to fund the contras, the National Endowment for Democracy, the administration had funneled money to Venezuelan opposition.
According to British media, Abrams gave a nod to the plotters; Otto Reich, a former ambassador to Venezuela, met repeatedly with Pedro Carmona and other coup leaders. The day Carmona seized the presidency, Reich summoned ambassadors from Latin America and the Caribbean to his office and endorsed the new government.
Abrams pleaded guilty to two misdemeanor counts of withholding information from Congress in 1991, for which George Bush senior subsequently pardoned him in December 1992.”
Terry Allen
Enron Connection
As there’s so much information on the Bush-Enron connection (over a quarter of a million links on Google), rather than attempt to show the bankruptcy side of things, I’ve sifted through a number of stories and tried to find the ones which show the bigger picture, starting wuth the Argentine connection between Enron, the Bushes, George Snr, Jeb and Neil.
Fresh Del Monte and IAT Group: Rotten Fruit? It just doesn’t stop…
Let’s start with January 2003.
From the report below:
“The new year begs for a fresh start. But business accusations of international bribery, nefarious investors and a Bush brother awkwardly involved in a troubled company all have a too-familiar ring.
Here’s the latest Robert Ludlum-style financial spat.
…. Marvin Bush, the brother of President Bush and Florida Gov. Jeb Bush, joined the board of directors of Fresh Del Monte in 1998, after the alleged events took place. Marvin Bush was re-elected to the company’s board this year for a term ending in 2005, and served on the board’s critically important audit and compensation committees.
In October, Bush decided to resign from the board at the end of 2002. Without any public notice of Bush’s planned departure by Fresh Del Monte, news of his pending resignation was not reported until last month.”
The Harken Connection
Taken from Covert Action Quarterly “The Family That Preys Together
Issue No. 41, Summer, 1992 by Jack Colhoun
This a consummate piece on the Bush family from a magazine, now sadly defunct.
“This is an incredible deal, unbelievable for this small company,” energy analyst Charles Strain told Forbes magazine, describing the oil production sharing agreement the Harken Energy Corporation signed in January 1990 with Bahrain.
Under the terms of the deal, Harken was given the exclusive right to explore for gas and oil off the shores of the Gulf island nation. If gas or oil were found in waters near two of the world’s largest gas and oil fields, Harken would have exclusive marketing and transportation rights for the energy resources. Truly an “incredible deal” for a company that had never drilled an offshore well.
Strain failed to point out, however, the one fact that puts the Harken deal in focus: George Bush, Jr., the eldest son of George and Barbara Bush of 1600 Pennsylvania Avenue, Washington, DC, is a member of Harken’s board of directors, a consultant, and a stockholder in the Texas-based company. In light of this connection, the deal makes more sense. The involvement of Junior-George Walker Bush’s childhood nickname-with Harken is a walking conflict of interest. His relationship to President Bush, rather than any business acumen, made him a valuable asset for Harken, the Republican Party benefactors, Middle East oil sheikhs and covert operators who played a part in Harken’s Bahrain deal.
In fact, Junior’s track record as an oilman is pretty dismal. He began his career in Midland, Texas, in the mid-1970s when he founded Arbusto Energy, Inc. When oil prices dropped in the early 1980s, Arbusto fell upon hard times. Junior was only rescued from business failure when his company was purchased by Spectrum 7 Energy Corporation, a small oil firm owned by William DeWitt and Mercer Reynolds. As part of the September 1984 deal, Bush became Spectrum 7′s president and was given a 13.6 percent share in the company’s stock. Oil prices stayed low and within two years, Spectrum 7 was in trouble.
In the six months before Spectrum 7 was acquired by Harken in 1986, it had lost $400,000. In the buyout deal, George “Jr.” and his partners were given more than $2 million worth of Harken stock for the 180-well operation. Made a director and hired as a “consultant” to Harken, Junior received another $600,000 of Harken stock, and has been paid between $42,000 and $120,000 a year since 1986.
Junior’s value to Harken soon became apparent when the company needed an infusion of cash in the spring of 1987. Junior and other Harken officials met with Jackson Stephens, head of Stephens, Inc., a large investment bank in Little Rock, Arkansas (Stephens made a $100,000 contribution to the Reagan-Bush campaign in 1980 and gave another $100,000 to the Bush dinner committee in 1990.)
In 1987, Stephens made arrangements with Union Bank of Switzerland (UBS) to provide $25 million to Harken in return for a stock interest in Harken. As part of the Stephens-brokered deal, Sheikh Abdullah Bakhsh, a Saudi real estate tycoon and financier, joined Harken’s board as a major investor. *5 Stephens, UBS, and Bakhsh each have ties to the scandal-ridden Bank of Credit and Commerce International (BCCI).
It was Stephens who suggested in the late 1970s that BCCI purchase what became First American Bankshares in Washington, D.C. BCCI later acquired First American’s predecessor, Financial General Bankshares. At the time of the Harken investment, UBS was a joint-venture partner with BCCI in a bank in Geneva, Switzerland. Bakhsh has been an investment partner in Saudi Arabia with Gaith Pharoan, identified by the U.S. Federal Reserve Board as a “front man” for BCCI’s secret acquisitions of U.S. banks.
Stephens, Inc. played a role in the Harken deal with Bahrain as well. Former Stephens bankers David and Mike Edwards contacted Michael Ameen, the former chief of Mobil Oil’s Middle East operations, when Bahrain broke off 1989 talks with Amoco for a gas and oil exploration contract. The Edwardses recommended Harken for the job and urged Ameen to get in touch with Bahrain, which he did.
“In the midst of Harken’s talks with Bahrain, Ameen- simultaneously working as a State Department consultant-briefed the incoming U.S. ambassador in Bahrain, Charles Hostler,” the Wall Street Journal noted, adding that Hostler, a San Diego real estate investor, was a $100,000 contributor to the Republican Party. Hostler claimed he never discussed Harken with the Bahrainis.
Harken lacked sufficient financing to explore off the coast of Bahrain so it brought in Bass Enterprises Production Company of Fort Worth, Texas, as a partner. The Bass family contributed more than $200,000 to the Republican Party in the late 1980s and early 1990s. *9 On June 22, 1990, George Jr. sold two-thirds of his Harken stock for $848,560-a cool 200 percent profit. The move was well timed. One week after Junior sold his stock, Harken announced a $23.2 million loss in quarterly earnings and Harken stock dropped sharply, losing 60 percent of its value over the next six months. On August 2, 1990, Iraqi troops moved into Kuwait and 541,000 U.S. forces were deployed to the Gulf.
“There is substantial evidence to suggest that Bush knew Harken was in dire straits in the weeks before he sold the $848,560 of Harken stock,” asserted U.S. News & World Report. The magazine noted Harken appointed Junior to a “fairness committee” to study possible economic restructuring of the company. Junior worked closely with financial advisers from Smith Barney, Harris Upham & Company, who concluded “only drastic action could save Harken.”
George “Jr.” also violated Securities and Exchange Commission (SEC) regulations which require “insider” stock deals to be reported promptly, in Bush’s case by July 10, 1990. He didn’t file the stock sale with the SEC until the first week of March 1991.
Meanwhile, a cloak-and-dagger aura surrounds Junior’s business dealings. James Bath, a Texas entrepreneur who invested $50,000 in Arbusto Energy, may be a business cutout for the CIA. Bath also acted as an investment “adviser” to Saudi Arabian oil sheikhs, linked to the outlaw BCCI, which also has ties to the CIA.
Bill White, a former Bath partner, claims that Bath has “national security” connections. White, a United States Naval Academy graduate and former fighter pilot, charges that Bath developed a network of off-shore companies to camouflage the movement of money and aircraft between Texas and the Middle East, especially Saudi Arabia.
Alan Quasha, a Harken director and former chair of the company, is the son of attorney William Quasha, who defended figures in the Nugan Hand Bank scandal in Australia. Closed in 1980, Nugan Hand was not only tied to drug-money laundering and U.S. intelligence and mi- litary circles, but also to the CIA’s covert backing for a “constitutional coup” in Australia that caused the fall of Prime Minister Gough Whitlam.
The Harken deal with Bahrain raises another troubling question: Did the Bahrainis and the BCCI-linked Saudi oil sheikhs use the production sharing agreement with Harken to curry favor with the Bush administration and influence U.S. policy in the Middle East? Talat Othman’s sudden rise to prominence in Bush administration foreign policy circles is a case in point. Othman, who sits on the Harken board as Sheikh Bakhsh’s representative, didn’t have access to President Bush before Harken’s Bahrain agreement. “But since August 1990, the Palestinian-born Chicago investor has attended three White House meetings with President Bush to discuss Middle East policy,” the Wall Street Journal pointed out. “His name was added by the White House to a select list of 15 Arab-Americans chosen to meet with President Bush, [then White House Chief of Staff John] Sununu and National Security Adviser Brent Scowcroft in the White House two days after Iraq’s August 1990 invasion of Kuwait.”
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Readers: And if that isn’t enough…believe me, there’s more. Stay tuned…
Lois: Happy to hear that you are done being brainwashed and will think for yourself. Let’s HOPE you will inspire your friends to follow suit.
Henry: I like what you had to say. I have been in the fashion industry for practically my entire life. I can’t tell you how frustrated I am when I need to go clothes shopping. I read labels religiously and refuse to buy items in made in China. I have to say that it is slim pickings to find anything that is made in the U.S.A….but I keep trying, and when I do , that is when I buy. I wish more people practiced “closet consciousness” when considering what to put on their bodies.
Anonz: Nice to have your input here again. I’m glad you are well.
Zen Lill: Thank you.
Doug: Thanks for posting the article. Voter fraud does exist. It is a good reminder to the readers that the best way to prevent fraud is to vote early. Of course as Gretta stated, via Anonz and Robert, early voting might be an issue in some states.
Al: Of course it is OK with me. Welcome back.
Lastly, greed over a great story is surfacing from my “loyal”(?) readers. With all this back and forth about who owns what, that appears on my blog, let me reiterate that all material posted on my blog becomes the sole property of my blog. If you want to reserve any proprietary rights don’t post it to my blog. I will prominently display this caveat on my blog from now on to remind those who may have forgotten this notice.
Gratefully your blog host,
michelle
Aka BABE: We all know what this means by now :)
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