Monday, September 29, 2008
Tuesday, September 16, 2008
One of these things is not like the other. .. Oh Wait...
Andrew K. McCain, 46, was on the board of Silver State Bancorp for five months before he resigned on July 25 for unspecified "personal reasons," according to a news release issued by the bank at the time.
Andy McCain was on the board of Silver State Bancorp for just five months before he resigned on July 25 for 'personal reasons.'
A week after Mr. McCain's departure, the Henderson, Nev., company reported a loss of $62.7 million in the second quarter and said its capital -- the bank's cushion to absorb losses -- had eroded significantly. At the same time, Silver State announced the resignations of its chief executive and chairman.
Niel Bush , restoring dignity and the family name.
http://www.allbusiness.com/personal-finance/real-estate-mortgage-loans/282011-1.html
Silverado: Neil Bush and the Savings & Loan Scandal
Among the financial ruins heaped upon the American public by the savings and loan debacle are the remains of a few institutions that have come to symbolize the unfortunate excesses of the 1980s. One of them is the Denver-based thrift
Besides the staggering $1 billion cost to taxpayers, the demise of Silverado was further exploited by the presence of Neil Bush, the president's youngest son. As a member of the board of directors, the 29-year-old Bush gave Silverado first-family connections and social prestige. In the end, the Bush name attracted national headlines and congressional investigations, and, as a result, Silverado became synonymous with the entire S&L fiasco.