Tuesday, September 16, 2008

One of these things is not like the other. .. Oh Wait...

http://online.wsj.com/article/SB121876461747243159.html

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.

[Bank] Associated Press

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


that was aptly known as Silverado Banking.

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.


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