PHUCK FBI and DOJ as well as FHA / HUD and the CFPB. All of these A$$WIPES are covering up and concealing, whitewashing and hiding Files and Records on America’s Massive Financial FIASCO …. See
The Bush Clinton Obammy
The FUNDS at HUD FHA FHLBB FmHA Fannie Freddie Salle and VA / Federal Reserve are ALL being used to BUY US Elections. RUSSIA RUSSIA RUSSIA is a Huge DISTRACTION ….. https://americalooted.wordpress.com/fha-hud-fmha-va-fannie-freddie-and-the-daisy-chain-of-lootings/
Author’s Note : In all the nearly 4 DECADES I have been working to expose this GARGANTUAN Realty Based SCAMMING of the Financial System ….. FACT IS there has been VAST AMOUNTS of DIRT DEALIN, FLIPPIN and DAISY CHAIN ….. CHURNING exposed. Just By Coincidence LOL J. Witham
The Whole World Has Been SCAMMED using Real Estate, Mining, Oil and Gas , Timber and Realty Speculation SCAMS ….. there are many other Rackets as well. This work began back in the 1980s ….. The FACTS can NOT be disputed
The Realty / Finance / Foreclosure CRIMES have been going on for many many many DECADES …. It is NOTHING NEW …. https://americalooted.wordpress.com/swamp-draining-the-sewer-trillions-looted/
The BUSH and Clinton Bankster Gangsters
THE SINS OF A NATION – GOD BLESS WHAT ? Good Ole BIN LADINS and HARRIS COUNTY, MONTGOMERY COUNTY, Texas …. The Whole GANG is here BILL, HILLARY, GEORGES and OBAMA ….. Putin and the G 20 KNOW …..
July 19, 2017
Documentation of US Dept of Defense admitting ‘losing’ $6.5 trillion ($65,000 per average US family), with 18 year history of ‘losing’ trillions. Your .01% illegal rogue state government at ‘work’ until ‘We the People’ demand arrests for OBVIOUS crimes in war, looting, lying
Catherine Austin Fitts just published documentation of Department of Defense (DOD) official audit reports from 1998 that acknowledge “losing track” of $6.5 trillion, along with Department of Housing and Urban Development (HUD) admission of “losing” over $100 billion. This is euphemistically termed “unaccounted,” and literally means that DOD agrees they received these funds, agrees the funds are gone, and then claims to not have records of where the money went.
A similar condition exists with the Federal Reserve, but we’re allowed a little clarity from this 5-minute video of Congressman Alan Grayson (an economist) asking questions of the Fed’s Inspector General during the Financial Services Subcommittee on Oversight and Investigations in 2009, where she admits she has no idea who received trillions in off-balance-sheet transfers from the Fed: https://www.youtube.com/watch?v=cJqM2tFOxLQ
AMERICA’S LAND and BANKING SCAMS ARE MASSIVE …. PERPETRATED FROM INSIDE THE GOVERNMENT …. BELIEVE IT
TOXIC ZOMBIE SUBDIVISIONS and the Return of the White Elephant Toxic Assets Liquidations … KAT Woolford, Cathryn Austin Fitts, Linda Minor, Peter Brewton, Steve Pizzo, Martin Meyer and a cast of Thousands Remember
Apr 14, 2016 – Expose’ on Massive Bank, S&L, Mortgage and Wall Street Crimes. ….. Inside job : the looting of America’s savings and loans / Stephen Pizzo, …
Billions embezzled. Head of it was Julian Castro.
The book also assesses Wall Street Financial Reform and the Consumer Protection Act of 2010, … From the Savings and Loan Bailouts to Too Big to Fail. 39.
Sep 17, 2013 – September 15th marked the fifth anniversary of Wall Street giant Lehman … Hundreds of Wall Street Execs Went to Prison During the Last Fraud-Fueled Bank Crisis … In that crisis, the savings and loan regulators made over 30,000 ….. incentive structures and is the means of looting that the CEOs use.
Kat Woolford (BBA ’72) of Baton Rouge, La., has done a little bit of everything since graduation: exercised race horses, worked for the Liquidation Division of the FDIC, and served as an advisor to the Bank of Latvia and the National Bank of Romania.
CIA LIKE I SAID
For sale by owner: junk real estate
US News & World Report, Dec 11, 1989 by Monroe W. Karmin
For the grab bag of less luxurious listings that constitute the bulk of the RTC portfolio – foreclosed homes, motels, shopping malls, office and apartment buildings, industrial parks and vacant land – the market seems even more forbidding. Still, plucky sales agents are rising to the challenge. “The roof dips a tudge on one side, the porch has a hole in it and there are termites,” admits Kat Woolford, who is hawking a $7,500, two-bedroom shack on a third of an acre in Tomball, Tex., north of Houston. “But it’s a cute hideaway.”
Amazing how many Crooked Texas Bankers and Slimy Land Speculators and Former Texas Governors are swapping SPIT with Roy Blunt and John Ashcroft. Tom DeLay and Kenny Boy Lay, Bernie Ebbers and Charles Keating, Carl Linder N COMPANY are NOT unique, Money Laundering Takes LOTS of Land Speculation and Failed RESORT VENTURES.
DOPE INC. is a BIG PLAYER in Methouri. JW
Arizona real estate for sale: For sale by owner: junk real estate
For sale by owner: Junk real estate
Just as Americans have grown used to the idea of junk bonds, a new financial bugaboo looms on the horizon: Junk real estate. Set in desirable communities, many of the properties now being jettisoned by insolvent savings and loan institutions seem to be paradise. But like the 9-acre swath of Long Island beachfront off the Texas Gulf Coast, spectacular vistas rarely live up to a developer’s dreams. Over half of the $400,000 Laguna Madre parcel lies underwater. There is no sewer hookup and no sea wall, and there are high fees to maintain a private bridge that connects the island with Port Isabel on the mainland. “It could all go underwater in a hurricane,” admits a spokesman for La Hacienda Savings Association in San Antonio, which holds the property.
Peddling Texas swampland is just one of the dirty jobs facing the Resolution Trust Corporation (RTC), the U.S. agency that opened shop in early August to administer the coup de grace to sick thrifts. The mop-up has landed federal regulators in the same muck that mired the S&L industry: Thousands of white-elephant properties, most located in markets as soft as quicksand. The collection includes such exotica as a $900,000 equestrian center (reduced from $1.5 million) north of San Antonio, the $25 million StarPass golf-course community in Tucson, a historic bank building in Houston, a boarded-up lumberyard surrounded by wetlands near Tampa, Fla., 77 condominium units on the tip of Long Island, N.Y., and a 55 percent stake in the opulent $200 million Phoenician Resort in Scottsdale, Ariz. All told, RTC officials estimate they now must dispose of close to $16 billion worth of real estate currently on the books of 268 failed thrifts in 33 states.
Fool’s gold. Most of the properties will fetch pennies on the dollar’s worth of book value – if they can be unloaded at all. The 6-acre McCune Mansion in Paradise Valley outside of Phoenix is typical of the RTC’s daunting task. Built in the 1960s by oil tycoon Walker McCune for his young bride, the 53,000-square-foot house boasts numerous kitchens, a ballroom with an $80,000 chandelier, an Olympic-sized swimming pool and ice-skating rink, a theater, a darkroom, its own beauty salon, a 14-car garage and a guest house. Mrs. McCune refused to move in, and the place saw a succession of owners, most recently Gordon Hall, cofounder of the Nautilus fitness company. RTC inherited the property when it took over the bankrupt Southwest Savings & Loan Association earlier this year. “There’s not a great market for 53,000-square-foot houses,” says Jack Lake, the RTC agent charged with finding a buyer.
For the grab bag of less luxurious listings that constitute the bulk of the RTC portfolio – foreclosed homes, motels, shopping malls, office and apartment buildings, industrial parks and vacant land – the market seems even more forbidding. Still, plucky sales agents are rising to the challenge. “The roof dips a tudge on one side, the porch has a hole in it and there are termites,” admits Kat Woolford, who is hawking a $7,500, two-bedroom shack on a third of an acre in Tomball, Tex., north of Houston. “But it’s a cute hideaway.”
The heat is on for the RTC to speed up its fire sale. The agency has three years to gather up all the nation’s ailing S&L’s and seven years to dispose of acquired properties. Ideally, the feds would like to get rid of their sick thrifts as whole entities, bad real-estate investments and all. But most investors are interested only in the best assets, saddling the government with the white elephants. The longer the RTC hangs on to the losers, the higher the taxpayers’ tab, already estimated at $166 billion.
But the disposal process is being hindered by the fact that no one knows how much sour real estate the RTC will have to offer. An initial inventory of properties currently under its wing will not be completed until the end of this month. And that is just the beginning. Leonard Sahling, real-estate analyst for Merrill Lynch in New York, figures the government will wind up with at least a $50 billion portfolio when it actually takes over all the thrifts that now are technically insolvent. Others put the total at $100 billion as more S&L’s go belly up in the years ahead.
Nor can the RTC simply dump its holdings on the market wholesale. “Everything we have is for sale,” says Thomas Horton, the agency’s deputy director, “but everything is not for sale at any price.” The government is barred by law from selling its assets for less than 95 percent of fair market value in the six depressed states of the Southwest – Texas, Oklahoma, Arizona, Arkansas, Colorado and Louisiana – where about two thirds of the property is located. Still, “fair market value” is in the eye of the appraiser; Horton admits that properties that cannot be sold at 5 percent discounts will be “re-evaluated” until buyers are found.
The most promising properties in the RTC’s bag, mainly apartment and office buildings whose rents cover expenses, are sure to be snapped up by insurance companies, pension funds and other “deep pocket” investors. But such quality properties are in the minority. The largest proportion of the government’s holdings consists of vacant land, a tough commodity to peddle in the Southwest and other overbuilt areas.
In taking over Charles Keating’s notorious Lincoln Savings & Loan, the RTC acquired some $1 billion worth of property, including plots for 17 planned communities in Texas, Arizona, Colorado, Florida and Louisiana. One of them is the 20,000-acre Estrella Project in the desert 20 miles southwest of Phoenix. Although Lincoln invested $200 million in preparatory work, only three homesites have been sold. Now the RTC’s agent, Mark Randall, is trying to figure out what to do with the property. “Vacant real estate has not fared well in the Arizona economy,” he observes sadly.
Other parcels may not draw buyers – no matter how attractive the price. “They’ll have to be plowed under to grow soybeans,” predicts Michael Aronstein, president of Comstock Partners, a New York investment firm. But while developers may sniff at many of the government’s offerings, interest is cropping up in some surprising quarters. Conservationists already are picking through the pile of unwanted real estate for wildlife preserves and other ecologically valuable property. The Florida Keys Land & Sea Trust, for instance, paid $1.35 million for Crane Point Hammock, a 63 1/2-acre estate that was going to be turned into a resort before its developers went broke. Now, it is slated to become a nature center.
In Front of Zions Bank Provo Utah, University Avenue
(May 26, 2000) I believe that very shortly I will be setup AGAIN on more Red Herring FALSE Charges by Local and Probably Federal Prosecutors. The reality of Retaliation and Persecution for revealing truth in America is all to real for myself, my children and Debra. Many, Many BILLIONS were looted using Whitwaters & Castle Grande all over Texas and America. As are the Castle Grande and Whitewater, DIRT ROAD SUBDIVISIONS are how the Banks and S&Ls were looted in the 1980s and how it was done in the 1920s. This is a Plea for assistance, the Government wants me silent, DEAD Silent and as they say in the executioners lounge THIS An’t No JOKE !!!
GEORGE W. BUSH THE REAL RECORD
The Looting of Savings & Loans and Banks in Texas
550 Billion Reason$ For A Cover Up
“The Senate, Congressional, Injustice Department, FBI and State Court Cover Up Exposed” Congressional Banking Committee Members PLEASE EXPLAIN the Thousands of Criminally Developed Dirt Road Subdivisions across Texas (Just like Whitewater & Castle Grande)
A Texas Sized S&L and Bank Bailout “Congressman JIM LEACH” TALK ABOUT PREDATORY BANKING ! (The Judicial MAFIA Cover Up)
From Valley of the Lakes in Pennsylvania, To Whitewater & Castle Grande, Bank lootings and Land Fraud all over the US.Please Post This Site Often & Everywhere
The Cover Up
Illegal, Unrecorded Subdivisions & COLONIAS, Whitewater, Stone Bridge Ranch, Valley of the Lakes and Thousands more WAKE UP AMERICA
Closely Compare the Similarities to the Valley of the Lakes RICO Indictments
If you Doubt This ?
here’s HUD’s incomplete ILLEGAL Developments Maps
56% of $550 Billion is $338 Billion
Texas. Texas has extensive colonias, beyond the border counties as well as along all but a very few of the border counties. This map is based on map shown at the State of Texas Site. This map and all the others in this series are prepared with HUD’s Community 2020 software, for use by citizens, organizations and local governments everywhere.
HUD’s Half Truth is the Tip of the Iceberg
(Montgomery County is not listed hmmmm????)
550 BILLION REASONS FOR A COVER UP
How Banking Institutions Have Been Robbed Again and Again Using Land Transactions
ORGANIZED CRIME, THE CIA AND THE SAVINGS AND LOAN SCANDAL
Whitewater/Castle Grande the Tip of the Iceberg
Investigate for yourself why Secret Service and FBI were dispatched to Florida and Texas by the Congress after the 1929 Crash and the ensuing depression and S&L and Banking Failures of the late 20s and early 30s. It happened again in the 1980s……. JW
The savings and loan scandal of the 1980s has been depicted in a myriad of ways. To some, it is “the greatest … scandal in American history” (Thomas, 1991: 30). To others it is the single greatest case of fraud in the history of crime (Seattle Times, June 11, 1991). Some analysts see it as the natural result of the ethos of greed promulgated by the Reagan administration (Simon and Eitzen, 1993: 50). And to some it was a premeditated conspiracy to move covert funds out of the country for use by the U.S. Intelligence Agency (Bainerman, 1992: 275). All of these depictions of the S & L scandal contain elements of truth. But to a large degree, the savings and loan scandal was simply business as usual. What was unusual about it was not that it happened, or who was involved, but that it was so blatant and coarse a criminal act that exposure became inevitable. But with its exposure, three basic but usually ignored “truths” about organized crime were once again demonstrated with startlingly clarity:
There is precious little difference between those people who society designates as respectable and law abiding and those people society castigates as hoodlums and thugs.
The world of corporate finance and corporate capital is as criminogenic and probably more criminogenic than any poverty-wracked slum neighborhood.
The distinctions drawn between business, politics, and organized crime are at best artificial and in reality irrelevant. Rather than being dysfunctions, corporate crime, white-collar crime, organized crime, and political corruption are mainstays of American political-economic life.
It is not our intent to discuss the unethical and even illegal business practices of the failed savings and loans and their governmental collaborators. The outlandish salaries paid by S & L executives to themselves, the subsidies to the thrifts from Congress which rewarded incompetence and fraud, the land “flips” which resulted in real estate being sold back and forth in an endless “kiting” scheme, and the political manipulation designed to delay the scandal until after the 1988 presidential elections are all immensely interesting and important. But they are subjects for others’ inquiries. Our interest is in the savings and loans as living, breathing organisms that fused criminal corporations, organized crime, and the CIA into a single entity that served the interests of the political and economic elite in America. Let us begin by quickly summarizing the most blatant examples of collaboration between financial institutions, the mob, and the intelligence community.
First National Bank of Maryland: For two years, 1983-1985, the First National Bank of Maryland was used by Associated Traders, a CIA proprietary company, to make payments for covert operations. Associated traders used its accounts at First National to supply $23 million in arms for covert operations in Afghanistan, Angola, Chad, and Nicaragua (Bainerman, 1992; 276-277; Covert Action 35, 1990).
The links between the First National Bank of Maryland and the CIA were exposed in a lawsuit filed in Federal District Court by Robert Maxwell, a high-ranking bank officer. Maxwell charged in that suit that he had been asked to commit crimes on behalf of the CIA. Specifically, he charged that he was asked to conceal Associated Traders’ business activities, which by law he was required to specify on all letters of credit. Maxwell alleged that he had been physically threatened and forced to leave his job after asking that his superiors supply him with a letter stating that the activities he was being asked to engage in were legal. In responding to Maxwell’s lawsuit, attorneys for the bank state that “a relationship between First National and the CIA and Associated Traders was classified information which could neither be confirmed nor denied (Bainerman, 1992: 276-277; Washington Business Journal, February 5, 1990).
Palmer National Bank: The Washington, D.C.-based Palmer National Bank was founded in 1983 on the basis of a $2.8 million loan from Herman K. Beebe to Harvey D. McLean, Jr. McLean was a Shreveport Louisiana businessman who owned Paris (Texas) Savings and Loan. Herman Beebe played a key role in the savings and loan scandal. Houston Post reporter Pete Brewton linked Beebe to a dozen failed S & L’s, and Stephen Pizzo, Mary Fricker, and Paul Muolo, in their investigation of the S & L fiasco, called Beebe’s banks “potentially the most powerful and corrupt banking network ever seen in the U.S.” Altogether, Herman Beebe controlled, directly or indirectly, at least 55 banks and 29 S & L’s in eight states. What is particularly interesting about Beebe’s participation in these banks and savings and loans is his unique background. Herman Beebe had served nine months in federal prison for bank fraud and had impeccable credentials as a financier for New Orleans-based organized crime figures, including Vincent and Carlos Marcello (Bainerman, 1992: 277-278; Brewton, 1993: 170- 179).
Harvey McLean’s partner in the Palmer National Bank was Stefan Halper. Halper had served as George Bush’s foreign policy director during the 1980 presidential primaries. During the general election campaign, Halper was in charge of a highly secretive operations center, consisting of Halper and several ex- CIA operatives who kept close tabs on Jimmy Carter’s foreign policy activities, particularly Carter’s attempt to free U.S. hostages in Iran. Halper was later linked both to the “Debategate” scandal, in which it is alleged that Carter’s briefing papers for his debates with Ronald Reagan were stolen, and with “The October Surprise,” in which it is alleged that representatives of the Reagan campaign tried to thwart U.S. efforts to free the Iranian hostages until after the presidential election. Halper also set up a legal defense fund for Oliver North.
During the Iran-Contra Affair, Palmer National was the bank of record for the National Endowment for the Preservation of Liberty, a front group run by Oliver North and Carl “Spitz” Channell, which was used to send money and weapons to the contras.
Indian Springs Bank: Another bank with clear connections to the CIA was the Indian Springs Bank of Kansas City, Kansas (Bainerman, 1992: 279-280; Brewton, 1993: 197-200). The fourth largest stockholder in Indian Springs was Iranian expatriate Farhad Azima, who was also the owner of an air charter company called Global International Air. The Indian Springs bank had made several unsecured loans to Global International Air, totaling $600,000 in violation of the bank’s $349,00 borrower limit. In 1983 Global International filed for bankruptcy, and Indian Springs followed suit in 1984. The president of Indiana Springs was killed in 1983 in a car fire that started in the vehicle’s back seat and was regarded by law enforcement officials as of suspicious origins.
Global International Air was part of Oliver North’s logistical network which shipped arms for the U.S. government on several occasions, including a shipment of 23 tons of TOW missiles to Iran by Race Aviation, another company owned by Azima. Pete Brewton, in his investigation of the Indian Springs bank collapse was told that FBI had not followed up on Indian Springs because the CIA informed them that Azima was “off limits” (Houston Post, February 8, 1990). Similarly the assistant U.S. Attorney handling the Indian Springs investigation was told to “back off from a key figure in the collapse because he had ties to the CIA.”
Azima did indeed have ties to the CIA. His relationship with the agency goes back to the late 1970s when he supplied air and logistical support to EATSCO (Egyptian American Transport and Services Corporation), a company owned by former CIA agents Thomas Clines, Theodore Shackley, and Richard Secord. EATSCO was prominently involved in the activities of former CIA agent Edwin Wilson, who shipped arms illegally to Libya. Azima was also closely tied to the Republican party. He had contributed $81,000 to the Reagan campaign.
Global International also had other unsavory connections. In 1981, Global International made a payment to organized crime figure Anthony Russo, a convicted felon with a record that included conspiracy, bribery, and prostitution charges. Russo was the lawyer of Kansas City organized crime figures, an employee of Indian Springs, and a member of the board of Global International. Russo later explained that the money had been used to escort Liberian dictator Samuel Doe on a “goodwill trip” to the U.S.
Global International’s planes based in Miami were maintained by Southern Air Transport, another CIA proprietary company. According to Franck Van Geyso, an employee of Global International, pilots for Global International ferried arms into South and Central America and returned to Florida with drugs. Indian Springs also made a loan of $400,000 to Morris Shenker, owner of the Dunes Hotel in Las Vegas, former attorney for Jimmy Hoffa, and close associate of Nick Civella and other Kansas City organized crime figures. At the time the loan to Shenker was made, he, Civella, and other Kansas City mobsters were under indictment for skimming $280,000 from Las Vegas’ Tropicana Casino.
Vision Banc Savings: In March, 1986, Robert L. Corson purchased the Kleberg County Savings and Loan of Kingsville, Texas, for $6 million, and changed its name to Vision Banc Savings (Bainerman, 1992: 280-281; Brewton, 1993: 333-351). Harris County, Texas, judge Jon Lindsey vouched for Corson’s character in order to gain permission from state regulators for the bank purchase. Lindsey was the chairman of the Bush campaign in 1988 in Harris County and later received a $10,000 campaign contribution and a free trip to Las Vegas from Corson (Houston Post, February 11, 1990).
Corson was well-known to federal law enforcement agents as a “known money launderer” and a “mule for the agency,” meaning that he moved large amounts of cash from country to country. When Corson purchased Vision Banc, it had assets in excess of $70 million. Within four months it was bankrupt. Vision Banc engaged in a number of questionable deals under Corson leadership, but none more so that its $20 million loan to Miami Lawyer Lawrence Freeman to finance a real estate deal (Houston Post, February 4, 1990). Freeman was a convicted money launderer who had cleaned dirty money for Jack Devoe’s Bahamas-to-Florida cocaine smuggling syndicate and for Santo Trafficante’s Florida- based organized crime syndicate. Freeman was a law partner of CIA-operative and Bay of Pigs paymaster Paul Helliwell. Corson, in a separate Florida real estate venture costing $200 million, was indicted on a series of charges.
Hill Financial Savings: Vision Banc was not the only financial institution
involved in Freeman’s Florida land deals. Hill Financial Savings of Red Hill, Pennsylvania, put in an additional $80 million (Brewton, 1993: 346-348) . The Florida land deals were only one of a series of bad investments by Hill Financial which led to collapse. The failure of Hill Financial, alone, cost the U.S. treasury $1.9 billion.
Sunshine State Bank: The cast of characters surrounding the Sunshine State Bank of Miami also included spies, White House operatives, and organized criminals (Bainermann, 1992: 281; Brewton, 1993: 310- 312, 320-323). The owner of the Sunshine State Bank, Ray Corona, was convicted in 1987 of racketeering, conspiracy, and mail fraud. Corona purchased Sunshine in 1978 with $1.1 million in drug trafficking profits supplied by Jose Antonio “Tony” Fernandez, who was subsequently indicted on charges of smuggling 1.5 million pounds of marijuana into the U.S.
Among Corona’s customers and business associates were Leonard Pelullo, Steve Samos, and Guillermo Hernandez-Cartaya. Pelullo was a well-known associate of organized crime figures in Philadelphia, who had attempted to use S & L money to broker a major purchase of an Atlantic City Casino as a mob frontman. Pelullo was charged with fraud for his activities at American Savings in California. Steve Samos was a convicted drug trafficker who helped Corona to set up Sunshine State Bank as a drug money laundry. Samos also helped set up front companies that funneled money and weapons to the Contras. Guillermo
Hernandez-Cartaya was a veteran CIA operative who had played a key role in the Bay of Pigs of invasion. He also had a long career as a money launderer in the Caribbean and in Texas on behalf of both the CIA and major drug trafficking syndicates.
Mario Renda, Lender to the Mob: Mario Renda was a Long Island money broker who brokered deposits to various savings and loans in return for their agreement to loan money to phony companies (Brewton, 1993: 45-47; 188-190; Pizzo et al. 1989: 466-471). Renda and his associates received finders fees of 2 to 6 percent on the loans, most of which went to individuals with strong organized crime connections who subsequently defaulted on them. Renda brokered deals to 160 Savings and Loans throughout the country, 104 of which eventually failed. Renda was convicted of $16 million from an S & L and for tax fraud.
Renda also served CIA and National Security Council interests as a money broker helping arrange for the laundering of drug money through various savings and loans on behalf of the CIA. He then obtained loans from the same S & L’s, which were funneled to the Contras. An organized crime-related stockbroker, a drug pilot, and Renda were all convicted in the drug money laundering case.
Full-Service Banking: All told at least twenty-two of the failed S & L’s can be tied to joint money laundering ventures by the CIA and organized crime figures (Glassman, 1990: 16-21; Farnham, 1990: 90-108; Weinberg, 1990: 33; Pizzo, et al., 1989: 466-471). If the savings and loan scandals of the 1980s reveal anything, they demonstrate what has often been stated as a maxim in organized crime research: that corruption linking government, business, and syndicates is the reality of the day-to-day organization of crime.
Investigations of organized crime in the United States, Europe, and Asia have all uncovered organized crime networks operating with virtual immunity from law enforcement and prosecution. Chambliss’ study of organized crime in Seattle exposed a syndicate that involved participation by a former governor of the state, the county prosecutor, the police chief, the sheriff, at least 50 law enforcement officers, leading business people, including contractors, realtors, banks, and corporation executives, and, of course, a supporting cast of drug pushers, pimps, gamblers, and racketeers (Chambliss, 1978). The Chambliss study is not the exception but the rule. Other sociological inquires in Detroit, Texas, Pennsylvania, New Jersey, and New York have all revealed similar patterns (Albini, 1971; Block, 1984; Block and Chambliss, 1981; Block and Scarpitti,1985; Jenkins and Potter, 1989; 1986; Potter and Jenkins, 1985; Potter, 1994). As Chambliss comments:
In the everyday language of the police, the press, and popular opinion, “organized crime” refers to a tightly knit group of people, usually alien and often Italian, that run a crime business structured along the lines of feudal relationships. This conception bears little relationship to the reality of organized crime today. Nonetheless, criminologists have discovered the existence of organizations whose activities focus on the smuggling of illegal commodities into and out of countries (cocaine out of Colombia and into the United States and guns and arms out of the United States and into the Middle East, for example); other organizations, sometimes employing some of the same people, are organized to provide services such as gambling, prostitution, illegal dumping of toxic wastes, arson, usury, and occasionally murder. These organizations typically cut across ethnic and cultural lines, are run like businesses, and consist of networks of people including police, politicians, and ordinary citizens investing in illegal enterprises for a high return on their money.
Gary W. Potter
Eastern Kentucky University
550 Billion Reason$ For a Cover Up
The Most Costly Bank Lootings in World History
It is well established fact that the Congressional and Senate Banking Committees have revealed that Dallas and Houston, Texas are the Bank and S&L Looting Capitols of the United States. ( Little Rock Arkansas NOT ) According to the General Accounting Office more than 56% of the entire National $550 Billion in losses attributable to Insider Fraud were perpetrated in Texas. Simple math reveals that if $338 Billion is required to Bailout the S&L and Banking System at least $338 Billion was Taken. ($676 Billion Final Cost just in Texas) This Web Site is dedicated to exposing how the Texas and United States Government condoned, encouraged, participated in and are conspiring to Cover Up the Real Estate Fraud and similar schemes responsible for the more than 1.1 Trillion Dollar Bailout of the Deposits that were Looted from the S&Ls and Banks across America
Considering the fact that names like George H & George W Bush, Henry Hyde, Jim Wright, Bill & Hillary Clinton, Webster Hubble, Jim & Susan MacDougal, Guy Tucker, Charles Keating, Herman K Bebee, Oliver North, BUCK Revell , Richard Secord, John Poindexter, John Glenn, Senator , Congressman Deconcini and many, many other well connected Public Figures, Politicians and Corporations are Directly Involved, is it no wonder that Starr, Thompson, Glenn, Janet Reno, Edward Messe, and FBI Directors Sessions and Freeh have demonstrated over and over and over again that our current law enforcement authorities are terribly, terribly corrupt and unworthy of the Trust of the American People .
If you do a search engine search of the Terms COLONIAS or Illegal Subdivision in Florida, Georgia, Alabama, Mississippi, Louisiana, Texas, Arizona, New Mexico, Nevada and California you will find that there are THOUSANDS of these WHITEWATER style land fraud schemes all over America. The Federal Reserve Bank in Dallas, the Texas Water Development Board, the US Dept. of Housing and Urban Development, the Texas A&M University, the Texas Housing Coalition and the Texas Border Coalition have amassed great amounts of information regarding the REALITY of these Land Fraud Schemes (See the legislative history of Former Texas Penal Code 1137h, Texas House Bill 473, May 20, 1931 as well as the Texas Property Code Chapter 12 et sec and the Texas Local Government Code for Subdivision Recording Laws)
This is the US Government Half Truth Map
Whitewater and Castle Grande NOT Mapped or Listed ??
What Other Great Americans Have Said About Corrupt Banksters and Those That Make Them Possible
This Land FRAUD debacle is directly connected to the MASSIVE S&L and Bank Lootings of the 1980s ~ 1990s
Follow this link to
Explosive Government Corruption Links
The Postal, Consumer, Wire and Bank Fraud associated with this Debacle is MASSIVE
(Seems as Though Texas is Not Alone, found this today 2/25,1999 JW)
At http://www.dallasmorningnews.com/ search the Southwest and Texas Archives for the term Illegal Subdivision and Colonias (Set the Engine for 150 hits on the archive.) The Associated press QUOTES Texas Governor George W. Bush, State Attorney Generals and many others identifying these Unrecorded, 3rd World like, SLUMS or Whitewater Style Developments as ILLEGAL Schemes.
( Search the Houston Chronicle Archives for “Red Flag Subdivisions” or Potholes and Promises all about Montgomery County’s Crumbling Subdivisions.)
The Government is COVERING UP Massive Banking Crimes
It has been the intentional agenda of these BUMS to allow the statutes of limitations to expire, memories to fade, and that Justice and Good Government be Subverted. Right in front of the American peoples eyes, the Republic has been Raped and Robbed and the Injustice Department and FBI, the Senate and Congressional Banking Committees continue the Orgy of Corruption and Cover Up. Justice intentionally Delayed and the Truth Purposely Murdered.
550 Billion Reasons For a Cover Up The Bombing Murder of Don Bolles
“The first thing Klass noticed was the blood-thick and bright–dripping into a widening pool beneath the car. His stomach reeled. A man sprawled half out of the driver’s side, his torso face down on the asphalt, his legs draped at a grotesque angle across the seat and onto the floor of the car. The injured man was conscious, though obviously in deep shock. His glazed eyes darted frantically back and forth and his shoulders heaved, as if he was trying to push himself upright….” (Don Moments after the BLAST that KILLED HIM) JW
This Page is Gratefully Dedicated In memory of the Bombing MURDER of Mr. Don Bolles the central figure of the IRE’s Arizona Project and his paying the ultimate price for Exposing The Arizona Land and Bank Fraud Schemes of the 1970s. Also the recent Hanging Death of Mark Lombardi. Mark’s enormous investigation into Banking Conspiracies as Diagramed and Expressed in his Art, Chronicled the massive involvement of many, many Politicians and other famous personalities that were Directly involved in the Banking Conspiracies. According to an interview tonight, New York Police have expressed that Mark May Have Been Hung by those wanting him SILENCED. To all Mark’s and Mr. Bolles family and friends our deepest regards see Press Reports on these investigators work which Chronicles Government Involvement in the BIGGEST Bank Jobs in History. You can find Mark’s Art and Stories about his Death at the New York Times and the Houston Chronicle. The Land Fraud Scheme known as Valley of the Lakes, and the Houston Chronicle Series Potholes and Promises regarding 635 Illegal Whitewater Style Projects just minutes North of Houston are the continuing saga of Government Endorsed and Perpetrated Corruption.
Senator Phil Grahm ?
WHY was former Houston Based Assistant US Attorney Henry Onken Pink Slipped ?? Was it his OBSTRUCTING investigations into Land and Bank Fraud in the Houston area in the 1980s ?? How many LAND FRAUD Cases did the FBI ignore and COVER UP in Texas during the 1980s ? Valley of the Lakes is identical in nature to the massive Land Frauds in Texas, why are there so many Valley of the Lakes TYPE Illegal Land Developments in Texas ? WHO DID THEM why would the FBI want to keep all this a SECRET ? Open Up the Names !
Montgomery County is not on the Colonias Map (It has 635 )
Henry Cisneros Hiding more than his mistress !
Governor George W Bush Why the COVER UP ?
The SAVINGS AND LOAN SCAM Pages
What others are saying
- Press here to go to SAVINGS AND LOAN SCAM pages introduction
- LIST 1: LOOTED S&Ls; AMOUNTS LOOTED
- LIST 2: LOOTED S&Ls; NAMES OF DEFAULTERS
- LIST 3: LOOTED S&Ls; PROPERTIES TO SPECULATORS
- LIST 4: LOOTED S&Ls; “FORGIVENESS OF LOANS”
- MR. HYDE AND THE CLYDE S&L
- LINCOLN TIMELINE
- LINCOLN SKIMMING AND SHREDDING
- FOUR TYPES OF POLITICAL CRIMINAL ACTS
- WHY WAS THERE A WHITEWATER INVESTIGATION?
- INTELLIGENCE AND NEWS — INFORMATION OR INDOCTRINATION?
- SAVINGS AND LOAN LOOTING TECHNIQUES*
- WHO WATCHES THE WATCHERS?
The Death of Jim MacDougal in a Texas Prison after he began to cooperate with the Ken Starr is a very sad thing. Our deepest regards and sympathy to his Family and Loved Ones. The Federal Government’s singling the MacDougals Out is a Terribly WRONG and Shameful thing, in light of the Massive COVER UP of the Crimes associated with COLONIAS Marketing and Financing all over Texas and around the Nation. The Great Texas Bank Job Mr. Starr, do you deny it Mrs. Reno and Mr. Freeh ? Come on down to Conroe, Texas and I’ll show you Obstruction of Justice, Cover Up and Perjury. See USCA 18 Art 4 Mispression of Felonies and USCA 18 Art 1341 Mail Fraud.
Why Was Jim MacDougal’s medication Taken From Him ? Why was Jim MacDougal Placed in Solitary ? Why was Jim MacDougal Refused Access to Doctors on the Day of His Death ? He was a Known Cardiac Patient exhibiting Pre Heart Attack Symptoms WAS Mr. MacDougal MURDERED to SILENCE HIM ? He knew about LOTS more Whitewaters in Arkansas and was STARTING TO TALK ! Examine the COLONIAS and Illegal Land Development FACTS present on this site. WAKE UP your Government is CORRUPT.
Criminally Negligent Homicide makes for a Clean MURDER Mr. Ken Starr, why does Montgomery County, Texas admit under Federal Court ORDER to having 635 ILLEGAL SUBDIVISIONS ? (Not to mention the 3,400 More Colonias and Illegal Projects across Texas)
Janet Reno, Why did so many dozens of Texas Banks finance these ILLEGAL Land Developments?
Why Governor George Bush, does Texas have several Thousand COLONIAS ?
In light of the history of Tex H.B.473 enacted 5/20/31 and Texas Penal Code 1137h and its amendments and recodifications, how was all this CRIMINAL FRAUD accomplished ? Mr. Starr and FBI Director William Freeh why was the US Postal System Used so extensively to collect installments Payments on the unlawful payment contracts for all the Illegal Transactions ?
FBI DOJ What do your Investigations reveal ?
I’ll Bet JurisNot is Right On The Money !
Susan MacDougal, Jim MacDougal, Guy Tucker, Webster Hubble were indicted by Mr. Starr and his FBI agents. Lets Indict everyone of the BUMS who used Colonias or Illegal, Whitewater Style, Valley of the Lakes Type, Subdivisions to Loot Banks and Consumers. Getting Restitution for all those Defrauded in these Criminal Deals, would as well be the right thing to do.
How many Crooked Land Developers, Bankers, Title Companies, Realtors, or Promoters have been Prosecuted Mr. John Cornyn ? How many do You Think Governor Bush ? And yourAnswer is what Janet Reno and Louis Freeh ?
Land Development Fraud the Bank looting Scheme of the 19th and 20th Century
The Price of Whistle Blowing in Texas
(Just Ask Mr. George Green)
The Rape of the Witham Family in the Texas and Federal Courts
A Plea for Help. The corrupt forces behind the Great Texas Bank Job and the Land Fraud Debacle in America are very considerable. They have repeatedly falsely arrested myself, torn down my protests at the Montgomery County Courthouse, filed false and perjured papers and affidavits in Federal and State Court proceedings and have their sights on stealing our home. They want me silenced and have repeatedly broken the Law and stripped me of every Civil Right “you think you have”
Update Oct 27, 1999
Only Crooked Politicians, Bankers and Land Developers are Above the Law
On October 15, 1999 I was just around the corner from our home looking for my kids lost dog (Pom Pom) I was driving slowly through the neighborhood and in the opposite lane coming at me I saw a Sheriff’s Cruiser. As we approached he slowed down and so I stopped to ask if he had seen our dog. I was very surprised when he turned on his overhead lights and I thought OH BOY Here We Go. I exited the Truck and immediately was asked who I was and I repeatedly IDENTIFIED MYSELF and my kids did to. After I gave the Deputy my drivers License I was arrested for Failure to Identify myself ?? Go Figure ! Then I was hauled off to jail where I was planned to be held for THREE days at least until the Former DA Mr. Dan Rice secured my release. My kids were left to fend for themselves and were told by Deputies to drive my truck home or they would tow it. These Police were directing my 14 year old daughter to drive our truck around the corner to our house. I was arrested for Giving My Name and Address and then My Drivers License to the Police ! Today I appeared to get a Court Date and after spending several DAYS trying to get information on the most recent arrest, I am presented with a Failure to Appear In Court for a Seat Belt Ticket I supposedly failed to appear on in 1995. I have lived 7 miles from the Court House for almost 8 years in the same house and almost 5 years later they claim I had a warrant out for my arrest since 1995 ?Suffice it to say, the Local Corruption is Out to Silence my Exposure of the Corruption behind the Biggest Bank Job in US History. I was at this same Court arrested in 1991 for a Contempt of Court that DID NOT OCCUR and those Charges were dropped after I Proved NO CONTEMPT of COURT in Reality Occurred.
On Friday Jan 23rd 1998 we finally argued our case against the State relevant to the secret records connected with the Financial Transactions connected with 635 Whitewater type developments I exposed in Montgomery County, Texas. It was Battle Royal with the Judge and State but the records were declared Public. It took 12 years to get these PUBLIC RECORDS opened. We will see if the State cooperates next week.
The Stone Wall Continues 8/26/200 State AG Cornyn, State DA MacDougal and the Montgomery County Attorney REFUSE to make Copies of the Perpetrators Names Available. The Cover Up Continues. Public Records In Texas are a HOAX
Feb 2 1998 , The stonewall, diversions and lies continue The County Attorney Continues to COVER UP and Obstruct access to Public Records Judge Wood could care less ???
January 13th 1998
Judge Sam Robertson again completely ignores the law and denies all Post Judgment Motions to vacate the $9,800 Judgment he baked up against me on imaginary Deed restriction claims trumped up against us. It might as well be a Million Dollar Judgment I am broke and sick. I am not all the way down yet, but these Crooks are certainly looking for BLOOD. Any honest Pro Bono Lawyers left ? Please help my family. February 20, 1998
Judge Sharolyn Woods continues to ignore the Texas Open Records, Civil Rights laws (Yen Right) Our Freedom of Speech is Murdered. The idea here was not to give us a Trial at All. The Law works like a Swiss Rolex when they want to RAPE you. When you have a real case against the Government the whole process does not work and is very, very corrupt. Just ask Paula Jones why Susan Weber Wright Summarily Dismissed her case against President Clinton !! (Later to discover CLINTON LIED) Montgomery County and the Bankster Gangs behind the Politicians, Crooked Lawyers and other assorted Con Men involved in the 635 “Whitewater Style Subdivisions” that Montgomery County has been forced to admit to, apparently have plenty of pull with this Good Ol Girl. Our Case is Summarily Dismissed without any explanation. The State definitely wants me out of the picture and Silenced.
May 12, 1998
The crooked lawyer William Fowler in the imaginary Deed Restriction case, right in my face informed me about how much the Courthouse Gang HATES ME. He loves it, they give him everything he wants ILLEGALLY.
I am really up against the Courthouse, County and State Politicians and their Gang of Crooked Judges and Banksters. Please if you would, help my family any way you can.
An honest Pro Bono Lawyer would be nice.
Are there any left in Texas ?
“Soft Money Boys?”
Yeah, uh huh !!
I have a Unrecorded Colonias Subdivision to sell you too !
The Justice Department, FBI, FDIC, RTC, Congress and the Senate are Protecting the Thieves, from Clinton to Bush and beyond
Freeh, Reno, Clinton, Glenn, Thompson why all the LIES
$550 Billion Looted from the S&Ls and Banks + $550 Billion taxed to the American People for the Bailout, folks that is a $1.1 Trillion Dollar Looting of the American people
Psssst, Hey ” Don’t forget to add the cost of the COMPOUND INTEREST on the Debt“
1.1 TRILLION DOLLARS
Now this is what you call Texas “SOFT MONEY”
Looted Money bought plenty of Protection Huh Mrs. Reno !
The law only applies to the little guys and when the Government wants to ruin somebody’s life that is, RIGHT Ms Reno !
Obstruction of Justice Way to Go Janet
See USCA 18 Art 4 Mispression of Felony
President Clinton, Hey Amigo
Where are the Hundreds of Billions missing from American Banks Anyway ?
How About it Ms. Reno is your answer LAND FRAUD ?
Greetings from Conroe, Texas
“The Bank Fraud – Obstruction of Justice- Judicial MAFIA Illegal Land Development and Secret Government Records Capitol of Texas”
“U.S. President William Jefferson Clinton”
“U.S. Senator Fred Thompson”
“U.S. Senator John Glenn”
“U.S.Congressman Dan Burton”
“U.S. Congressman Tom Lantos”
“U.S. Attorney General Janet Reno”
“FBI Director Louis Freeh”
“Governor George W. Bush Jr.”
“Special Prosecutor Kenneth Starr”
“Texas State Attorney General Dan Morales”
“Texas State Attorney General John Cornyn”
“Montgomery County Judge Alan Sadler”
“County Attorney Frank Bass”
“Judge Sam Robertson”
“District Attorney Mike MacDougal”
“William Fowler Crooked LIAR at Law”
“Mr. David Walker Assistant County Attorney”
VP AL Gore
Why does Montgomery County, Texas admit to having 635 Illegal and Collapsed Developments and so many failed Banks and S&Ls ???
Why is TEXAS the Colonias Capitol of the United States ?
Governor George W. Bush What are the names of the PEOPLE involved in these very, very ILLEGAL Land Development Financing, Marketing, and Brokering Schemes ?
Why has there been this Cover Up ?
Wouldn’t be Campaign Donations and Hush Money !
“The Whitewater, Castle Grande Subdivision Development / S&L looting schemes are but the tip of a massive DNC/RNC campaign, to subvert the constitution and the People’s Votes. The Soft Money iceberg goes back to the Ford, Carter, Reagan, Bush and Clinton Administrations and more. Come on down to Montgomery County, Houston and Dallas Texas and see it for yourselves”
Visit the Texas A&M University’s COLONIAS Web Site and then ask WHY are the 635 Illegal Land Developments in Conroe, Texas not on the COLONIAS DATA BASE ?
Senator Kay Hutchinson, Senator Phil Grahm and Congressman Kevin Brady are all spending Hundreds of Millions of Dollars building abandoned COLONIAS for the Hispanic Community across the South Western United States WHY is it good for the Hispanic VOTE ? These developments are Illegal in FACT Criminal. Why are there ZERO criminal Prosecutions Ms Reno and Mr. Freeh ?
The Looting of “Soft Money” from S&Ls and Banks
Just North of Houston, Texas in Montgomery County, which adjoins Harris County, more than 635 WHITEWATER Style completely illegal Real Estate Subdivision Developments have been exposed in the FEDERAL COURT ; the Houston Chronicle, the former Houston Post, the Dallas Morning News, several Houston and Nationally based Television News organizations, the Conroe Courier and several Radio Stations based in Montgomery County, Texas. The source of these News Releases has been the ongoing Activism and Litigation being waged by Mr. Judson Witham in Federal District Court, State District Court as well as many dozens of hearings that have been held in the Montgomery County, Commissioners Court (Witham has devoted 18 years of his life to exposing the massive Looting of Texas Based S&Ls and Banks and the subversion of the American Justice System by well connected Politicians and their Political Cronies)
At this time Mr. Witham is pursuing litigation in the 359thState District Court sitting in Conroe, Texas (the Montgomery County Seat). Cause Number 96-11-04068-CV is primarily a Texas Open Records Act and Federal Freedom of information Act case. Federal, State and local Authorities, including the FDIC, FBI, RTC, Texas State Attorney General, Montgomery County Attorney as well as the Montgomery County Commissioners are currently Stonewalling Witham’s Marathon Efforts to gain access to the names or identities of the Financial Institutions, Land Developers, Land Owners and Real Estate Brokers that developed, financed, and marketed the more than
60 Thousand Acres of completely Illegal, failed, substandard, WHITEWATER style subdivisions in Montgomery County.
July 7th 1999
Intense Efforts are underway to force the FBI, Justice Dept., HUD and the State of TEXAS to reveal all of it’s records on the DEBACLE behind this MASSIVE Land, Financial, Postal and Wire Fraud RACKETEERING. The same OBSTRUCTION tactics experienced by the Producers of the Film Waco The Rules of Engagement are being employed to Keep These Records SECRET Please help and support us in anyway you can !
Montgomery County, Texas
has 635 Illegal Whitewater Style Developments and the State Fights Access to it’s Secret Records and Files
Hey Just Ask TX AG Dan Morales , TX AG John Cornyn , Montgomery County Attorney Frank Bass and the FBI. Check the Houston Chronicle, The dirty part is where the Money Trail Goes.
Federal Judge James DeAnda Ordered the Names of the People WHO did these Illegal Schemes Copied for me. WHY are the Local, State and Federal Government keeping the Names SECRET ????
Cover Up We Must the Government stands to be Exposed
Witham wins, these Secret Records are DECLARED PUBLIC after a nine year battle Royal in the 359th State District Court. Lets get them Opened up Boys & Girls
The COVER UP CONTINUES the records are still under wraps
FBI is Concealing The Names of the Crooks and Banking Corporations
Former Asst. US Attorney Henry Onken why the COVER UP ?
The Senate and Congressional Obstruction of Justice Exposed
The Call goes Out
January 24, 1998
Senator Danforth, Bob Barr, Chuck Grassly, John & Rheeta Sweeny, Linda Thompson , Dan Gifford, Mike Caddel, Judson Witham and many hundreds of other fine Americans across America call on Janet Reno, Bill Freeh, the Senate and the Congress to account
Full Hearings and Investigations into FDIC, RTC, BATF, FBI and DOJ
$550 Billion was initially Looted then $550 Billion Taxed to the American People
We paid for the 1.1 trillion dollar Great American Bank Job
THAT’S WHY ???
Add Whitewater to the Montgomery County list of Illegal, Collapsed, never were planned to succeed Subdivisions and it would make Land Fraud Scheme
No. 636 Six Hundred and Thirty SIX
Valley of the Lakes would be No. 637
Civil Rights , oh yeah sure, If You Can Afford to Buy Them
No Money, No Lawyer, No Bill of Rights ?
If you are not an expert in Court Rules and Procedure
” The US Supreme Ct. Rule is, it is Grounds to Suspend All your Rights ”
Currently in this Republic, the average Citizen faces insurmountable burdens when seeking legal or Constitutional Rights in the Courts. The Maxim ” NO MONEY, NO LAWYERS, NO JUSTICE” is unfortunately the reality most Americans face. The Supreme and Appellate Courts throughout the United States have mandated Special Pleading Rules for those Civil Rights Litigants who plead before the Courts on their own or PRO SE. These Special Rules are suppose to preserve the Constitutional Rights of the Legally Inarticulate, Ignorant, Handicapped or Aged by opening the Courts to Average Citizens.
The Witham Family pursues this litigation Pro Se and has time and time and time again been denied his Rights as a Constitutional Litigant. You see even though their are Special Pro Se Rules, all the thousands of little technical rules of procedure, required of Lawyers, must be followed by Pro Se Litigants and that means ALL OF THEM TO.
Non Lawyer Americans Have NO Rights before the Courts
In Operation and in Fact the Pro Se Rules are hollow illusions of Liberty, In Fact you have ZERO (cough,choke, gag) Rights at all unless that is you are Rich and Have High Powered Lawyers. The only Rights you have is to BUY THEM
IF YOU CAN AFFORD TO THAT IS !!
In the Witham case, in that many hundreds of BILLIONS of DOLLARS have been LOOTED by Political Insiders and those well Connected to the DeFacto State and Federal Governments, so far the Courts in which Mr. Witham has sought access to the Governments SECRET FILES have “Court Raped” or “Court Stripped” another American Citizen for his so called Unalienable Rights of Due Process and Equal Protection of the Laws. It seems that Failure to Be a High Powered Lawyer is Grounds to Strip a Person FOR ALL THERE SO CALLED RIGHTS. To add insult to injury these same Government Entities have engaged in very intense and severe RETALIATION against Mr. Witham for his Whistle Blowing and efforts to force the Governments SECRET FILES OPEN. Witham’s exposure of the Judicial Rape that occurs when you are not a High Powered Lawyer threatens the Courts and the Legal Profession with BEING EXPOSED.
No Money, No Legal Training, No Constitutional Rights, No Freedom and Justice for All ???
ONE NATION UNDER GOD yeah Right !
It is in this Light that your assistance is requested. Seeing as how more than 1.1 TRILLION DOLLARS has been Looted from the American People (your tax dollars hard at work), I am requesting that this page be as widely linked and or disseminated as possible. Several Attorneys and Government Prosecutors have repeatedly warned Mr. Witham that he will be MURDERED or his LIFE DESTROYED if he refuses to stop the battle with these Government Agencies and Officials in an effort to FORCE OPEN THE GOVERNMENTS SECRET FILES.
On several Occasions Witham has been FALSELY ARRESTED, FALSELY INCARCERATED, IRS AUDITED and Demonized, and is now currently being Extorted for Imaginary Deed Restriction Violations at his Home, by those loyal to the Judicial Mafia at the Montgomery County Courthouse, more retaliation for his Free Speech and Civil Rights Litigation.
In the Fall of 1995 the Witham Home was treated to an effort to place White Phosphorus Flares dropped from a Military Style Helicopter on the roof of the home. Witham has every reason to believe that this was an effort to BURN HIS HOME thus destroying his efforts to continue this battle.
“With Freedom and Justice for None”
Jerry Spence where are you on this ?
“only those who have big money lawyers are Blessed by the Judicial Illuminati”
The recent Senate and Congressional Hearings ranging from IRS abuses, the Looting of the S&Ls and Banks, Whitewater and the Cushy Soft Campaign Money Scandals, have positively revealed for the very first time (on a major scale) that Freedom, Liberty and Equal Protection Under Law has been reduced to a commodity. This commodity, used to be known as the Bill of (“so called”) Rights. The reality average American’s face is really very simple, the Courts and the Lawyers that control them have created a very lucrative system of Judicial Bondage. Only those who can afford to pay, can buy their “So Called” rights. At the very highest levels of the Government (the U.S. Senate) it has been revealed that People who do not have the resources to retain High priced Legal Counsel are targeted by IRS (Treasury Dept. & Justice Department) for retaliation and abuse (Including Paula Jones). Many of the IRS Agents that gave testimony regarding these realities, with the full recognition and support of High Level Senate Members, testified from behind Screens and had their voices altered, knowing the realities of Governmental Retaliation.
Suffice it to say our Courts have created Judicial, Prosecutorial, Absolute and Qualified Immunities for virtually every level of Government Official, Agent and employee. This precludes virtually all victims of Civil Rights Violations from any meaningful legal recourse.( New York Times Writer Anthony Lewis calls it Court Stripping ) Suffice it to say, on top of the Judicial Bondage, (Only the Rich have Rights) these Government Agents are shielded by Court Created Absolute Immunities, that amount to license to “RAPE” whistle blowers, community activists, patriot organizations, and virtually any intellectual that can see the cesspool of corruption and abuse that our Government has become.
This page is dedicated to all those Patriotic enough to defend Liberty and Justice when she is under attack. When Patriot becomes a Dirty Word, and there is talk of United Nations World Governments, it is time for all Partisan American Loyalists (Lovers of Freedom, Justice and the American way) to stand shoulder to shoulder and restore the Bill of Rights. Lawyers and the Judges that love the very lucrative Lawyer controlled Judicial system need to be reminded that the Constitution was written especially for those least able to afford lawyers, that is why they are called RIGHTS. Justice for ALL is committed to putting the Rights back into the Bill of Rights. It is nothing short of Judicial Tyranny and Bondage ( Taxes on your Freedom) that have so corrupted our National Republic. Your voices and support are desperately needed.
For all of you who regard these words as bunk, ask yourself, Are You Safe ?? Do you doubt the truth of my words ?? Are you sure ?? Are you afraid that speaking out against corruption in Government will result in you and yours be the target of retaliation, for defending Liberty?? Ask yourself , Exactly What did the Davidian Children do to anyone to deserve the tank and gas assault on their home?? What about their Civil Rights ?? Did the Tank Assault on their parents and other adults wanted on suspect warrants directly result in their Deaths ?? Why have the BATF, FBI, Janet Reno and Bill Clinton been afforded Absolute Immunity from Civil Recourse ? ? ? ?
Is it Dangerous to be Right when the Government is Wrong ?
Are you Next
Many, many, many Good Americans have already been attacked, simply for engaging in activities that are supposed to be Protected by the 1stAmendment. Lets not forget the IRS agents who testified from behind screens and had their voices altered IN CONGRESS !! Do you still doubt me ?
Not Knowing All the Hundreds of Court RULES and thousands of technical complexities created by Lawyers and Judges should not be Grounds to Strip Americans for their RIGHTS, Are You To Be Next ??“Declare your Independence”
Call for Full Accountability NOW
Unite with the forces of Liberty for Reform today
The Mission of this Site is to resurrect true Freedom, Equality and Justice Under Law for ALL. True Individual Liberties & Justice for All (Pro Se) must be re-established to empower those entitled to true unalienable rights. United We Can Stand, Divided we will Fail. United Together as Patriots we can resurrect our Freedom, Preserve our Liberties and ensure Justice for ALL. The Courts, Judges, Politicians and Lawyers have reduced our Freedoms to a Commodity, for sale to those able to PAY. As a direct result millions of the world’s disadvantaged, handicapped and average Americans are being denied Equal Justice under Law and yes even the Wealthy are being extorted by the Judicial Tyrants.
The Promotion of Solidarity across America is the Only Answer
Ask John and Rheeta Sweeney of Hamilton Mass.. This family’s nightmare at the hands of the former Com Fed Banksters and FDIC lawyers and abusive Federal Judges is a very good example of what is wrong with America. The Nightmares of thousands of Americans at the hands of unscrupulous Lawyers, Government Agents, Crooked Politicians and Judicial Officers is far to prevalent. Please will you help.
Unalienable Rights are Entitlements, not a commodity to be bought and sold by Lawyers, Judges and the Government to the Highest Bidders !
The Internet Liberty Campaign for the Restoration of the Bill of Rights
Because it’s your Republic your Liberty
“the Destruction of the Bill of Rights” Promote unalienable Rights Today”
P.O. Box 1411 Porter Texas 77365 If the People are to have Liberty & Freedom
Freedom of Speech without the fear of retaliation and the World Wide Web must be preserved to serve the interests of Truth, Freedom and Justice for All.
Demand Freedom of Speech on the Net
ACCEPT NO LESS
Hind Sight is 20-20
A Warning to America
No Money, No Lawyers, No Rights, No Justice
“the Police State Cometh”
My Jury Rights today, Yours tomorrow ?
“No class or group or party in Germany could escape it’s share of responsibility for the abandonment of the democratic Republic and the advent of Adolf Hitler. The cardinal error of the Germans who opposed Nazism was their failure to unite against it. …. 63% of the German people who expressed their opposition to Hitler were much to divided and shortsighted to combine against a common danger which they must have known would overwhelm them unless they UNITED, HOWEVER TEMPORARY, to stamp it out.”
William L. Shirer, Author; “The Rise and Fall of the Third Reich” page 259
Judge Mazzone, Lawyer Shea , US Marshalls and FDIC
Do Not Harm the Sweeney Family
We are always updating this site.
If you have intelligence on Government Abuses or Corruption. Please write me at
These Links Follow the Money Trail.
- Valley of the Lakes Specific RICO Violations http://www.legalaction.com/dec2.htm
- Obstruction of Justice (USCA 18 Sec 4 Mispression of Felony)
- The Savings & Loan Looting Pages http://www.netmagic.net/~franklin/SW1.html
- Whitewater/Castle Grande just other words for COLONIAS (Illegal Subdivisions)
- The Murder of Don Bolles and the Arizona Project (The Crimes and the Money behind Bank Lootings)
- Covering Up the Financing Behind Iran Contra ? The Invasion of Panama a Deception ? See what you think!
- The Looting of America’s S&Ls an Inside Job
- The Great Arkansas Bank Job
- Republican Whitewaters (what the RNC does not want you to know)
- The FDIC’s Index of Criminal Activity # 1
- The FDIC’s Index of Criminal Activity # 2
- Financial Crime and Organized Crime Database
- The Politics of Looting, Political Corruption and Cover Up
- Raising Savings & Loan Hell
- The Bush Family Preys on America Together
- The Whitewater Chronicles
- The Mafia, the CIA and George Bush
- See the Real Costs of Soft Money and Political Bribery in America
- Soft Money the Art Form of Political Bribery and Obstruction of Justice
- How Money Buys Political Power in America and Loot to Boot
- BCCI an American Intelligence Operation ?
Links to The American Patriot’s Resource Network
- American Patriot Network
- The Gun Owners of America
- The Constitution of the United States
- The Center for Action
- The National Rifle Association
- The New American Magazine
- The National Organization of Non Enumeration
- The John Birch Society
- U.S. House of Representatives
- Restoring America
- U.S. Congressman Ron Paul (Texas)
- Americans for America
- Pro American Constitution and anti NWO links
- The Alliance to Expose Government Corruption and Corporate Crime
- The Texas Constitutional Militia
- The Vanishing “Bill of Rights” you MUST READ THIS
Broken Promises, Broken Dreams, the Death of Liberty in America Coming Soon in a Tax Bill Close to You
Just When you thought it was safe to go back in the water
The Vancouver BC Lie of the Year
The American Bailout of Asian and Pacific Rim Banks, Mexico Style, the Global Bank Job that keeps going and going and going and growing and growing and growing and growing, will only cost 8-10 Billion, 15 or 20 Billion, well maybe 68 BILLION ? ?
The Asian Bank and Market Bailout the largest BAILOUT EVER (USA Today)
The Largest Lie Ever You Mean
$68 Billion vs. $550 Billion
USA Today WAKE UP, who do you think you’re fooling ?
“More Giant Sucking Sounds” Ross Perot 11/26/97
Just Like the American Bank System Looting you are being LIED TO and SENT the BILL again
The Greenspan, William Seidman, Danny Wall, Bill Clinton plan to Tax the Bailout of Japanese, Korean, Philippine, and other Asian Banks to America. The New World Orders Tax Plans.
You are being Lied to again
International Criminals & Bank Looters profit while America’s World Taxpayers Get the Bill !
We Must Curb Nafta & GATT, and Neuter the UN
Rebuild America NOW
JUST SAY NO TO THE WTO
Fast Track Presidential Trade Authority is Un-American. It usurps the will of the People of America by precluding National debate and questioning of Foreign Treaties. The Caribbean Initiative for example which extends NAFTA to 28 Caribbean and South American Countries directly caused the Wall Street and Asian Market losses in October and November 97. The massive Banking Frauds along the Pacific Rim and in Asia were in a major way responsible as well. Most Americans know nothing of the Trade Pact details or the Treasury, Federal Reserve and IMF, World Bank Plans to have American Taxpayers send Tens of Billions to Bailout Asian and Pacific Rim Banks (The Greenspan Plan).
Most Favored Nation Trading Status for China in FACT undermines every last American’s standard of living, working class America you can not compete against .30 cents an hour labor PERIOD. The free access to our Markets by Oppressive Third World and Communist Economies is WRONG. Working Class Americans it’s a lose, lose, lose policy for your families. While American trade Deficits to Pacific Rim Nations, China and Mexico go ballistic , the Senate and Congress want to extend so called free trade policies and the massive trade deficits ( to further destroy ordinary Americans standards of living) to more than 28 more Central and South American Countries. (the Caribbean Initiative) The Rich Corporations and International Banking Illuminati will Get Richer and Richer and the American Working Class will be come less able to compete in the Global Market Place. The Poor will get Poorer.
American Workers, Taxpayers how much more are you going to take ?
Fair Trade NOT Free Trade
America it is really very simple, you are being put further and further into Global ECONOMIC BONDAGE. You do remember the GIANT SUCKING SOUNDS that the Reform Party warned you about. (Check the Trade Deficit and Government Debt figures lately ? ? ) When your Presidents and National DNC and RNC Parties welcome Chinese Political Contributions, Nuclear Espionage, Communist Murders, Arms Merchants and International Drug Dealers to the White House and export your jobs in the name of International Bankers and Corporate Profits, when will you wake up ? . The IMF and World Bank treat the Pacific Rim Bank and Market Lootings as an American taxpayer responsibility to bailout, when will you wake up ? This is truly intentional World Class Global Corporate looting. It is just a matter of time before the shackles of Tyranny will end up controlling you’re lives. America it is really being put further and further into ECONOMIC BONDAGE. The UN is rapidly positioning itself to take the reins of Power in America, take a good look around the World. For Christ Sake look at the Communist Chinese Arms build Up which includes an enormous Blue Water Navy and more than 17 Air Craft Carriers, they export weapons of mass destruction, Nuclear Arms Technology to Tyrants and they pump millions upon millions into Congressional Senate and Presidential Campaigns with Impunity with plenty more to come. At this time more than 900 Chinese Peoples Revolutionary Army owned businesses are operating in the Continental United States and who knows how many nuclear weapons secrets where stolen ??
The United Nations is at the speed of light becoming the New World Order’s appointed not elected World Government. How many UN Officials have you ever VOTED FOR?. Do they even plan to have elections? Wake Up America.
America Wake Up before it is to late
Ten Steps to Restoring America
1. Demand the full Restoration of the Bill of (Unalienable) Rights, the application of the Rule of Law and the US Constitution in Government Administrations, Federal and State Courts and in all Foreign Relations.
2. Support and Demand National Referendum voting. One Man one Woman, One Vote. This will cause True Political Reforms. No longer allow outside interests and money to influence and buy local elections.
3. Demand Election Recall referendums when politicians and law enforcement figures breach the peoples trust. Only Allow those lawfully eligible to vote for issues and candidates to make contributions to those Candidates and Referendums. (No Foreign Contributions Allowed)
4. Demand impeachment reform to include the offense of Perjury. Extend the laws for lying to include all Domestic Officials &Politicians, include all Foreign Diplomats, Leaders and Foreign Powers receiving any kind Foreign Aid whatsoever.
5. Demand true Election reform. Stop allowing the Centralized power of the DNC, RNC, the United Nations or the Council on Foreign Relations to dictate who gets heard in Elections. The power of the Almighty Buck (The Root of All Evil) must not be permitted to destroy Truth, Justice and the American Way. Let all legitimate lawfully registered candidates be included and heard during the election process. Nationalize the National election debates process, in an equitable, fair and FULLY open Constitutional Manner . Why are the Poor and Under Privileged ineligible to hold office, MONEY< MONEY< MONEY that’s why ??
6. Demand the Truth, the whole Truth and Nothing but the Truth from your elected officials and leaders. Liberty is hard won and easily lost to deceit. Demand Full Access to all Unclassified and Non Privileged Government Records. Demand Freedom of Information Reform.
7. Adopt the attitude that every little bit counts. There are millions of Americans that love America and we are out here, fighting everyday to Preserve, Protect and Defend the Constitution, the Laws, Freedom, Liberty and Justice for All. We need full participation.
8. Do not accept the status quo. Those who fail to Demand their Liberty, always lose it. You must Fight for Freedom everyday or some Tyrant, Socialist, Charlatan will put you in Bondage. Support, Protect and Defend the Bill of Rights against all enemies foreign and domestic.
9. America needs every one of Her Patriots like never before. Please do your part every day no matter how small you think that part may be.
10. Pray, Pray and then Pray some more. America is truly a Nation in very serious Moral Decline. The signs are everywhere. Sexual Perversion is featured on TV during Prime Time, School officials can give your daughter and Abortion easier than aspirin, and your family privacy does not exist when your children attend public schools, the hour is Dark America very dark. The Trade Deficit and Debt Figures in America are Unprecedented in American History. When the terms Patriot, Militia and Gun owner become the Dirty words of those labeled as Whacko, it is time to be ever Vigilant, like never before !
Sons and Daughters of American Liberty it’s now or never. Are you going to wimp out or Stand the Gap for Liberty? Do you just want to be a Summer Patriot, another weekend warrior, that runs when the going gets tough? Or do you really love your Country and fellow Countrymen and Women? It’s time to separate the Men and Women from the Boys and Girls. Take your stand, join your hands, put your right foot forward, and stop the Decline in America, it is the least you can do for your Country. Support your Patriots today , Hug your Patriots Today, Pray for America Today.
“United Patriots will never be defeated”
Of the People, By the People and For The People
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Defend Liberty and Justice Everyday
It’s up to you America
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The Internet Campaign for the Restoration of the Bill of Rights
Last Updated on August 26, 2000
Read the Findings of Others on the National Bank and S&L Lootings
The Savings & Loan Crisis
A Select Bibliography by Elaine Hopkins
This Web page is maintained by Roy Davies. Comments to Roy.Davies@exeter.ac.uk.
- INSIDE JOB: The LOOTING OF AMERICA’S SAVINGS AND LOANS. Steve Pizzo et.al., McGraw Hill, 1989.Also in paperback. Colorful account of the crime and sleeze of the S&L losses.
- THE MAFIA, CIA & GEORGE BUSH. Pete Brewton, SPI Books, 1992. Argues the CIA looted S&Ls to pursue its secret ventures, documents interconnections among top politicians, criminals and bureaucrats. Chilling.
- LICENSE TO STEAL. Benjamin J. Stein, Simon & Schuster, 1992.
The ugly truth about Michael Milken and S&Ls.
- S&L HELL. Kathleen Day, W.W. Norton, 1993.Inside the politics of the S&L mess. Good bibliography.
- THE GREATEST EVER BANK ROBBERY. Martin Mayer, Charles Scribner’s Sons, 1990. Thorough background, insight into the origins of the S&L situation.
- TRICK OR TREASON, THE OCTOBER SURPRISE MYSTERY. Robert Parry, Sheridan Square Press, 1993.Not about S&Ls but convincingly demonstrates how careerism among today’s journalists has distorted and altered honest reporting. Disturbing book.
- THE LAST STAND, THE WAR BETWEEN WALL STREET AND MAIN STREET OVER CALIFORNIA’S ANCIENT REDWOODS. David Harris, Times Books, a division of Random House, 1995.
How Michael Milken and Charles Hurwitz of Maxxam destroyed California forests and lives using S&L money. Gripping.
Postscript added by Roy Davies
For an academic analysis of the Savings and Loan debacle and the lessons to be learnt see the book by White below.
- THE S&L DEBACLE: Public policy lessons for bank and thrift regulation. Lawrence J. White. Oxford University Press, 1991.
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[ Inside Fraud Bulletin ] Roy Davies – last updated 27 August 1998.
Welcome to the Web Pages
Looting of U.S. Saving and Loans
This is an UPDATE to the original S&L pages. Much of the material in these pages is coming from a series of letters I wrote to the San Jose Mercury News beginning in April 1994 in an attempt to get them to balance their reporting of Whitewater with equally vigorous reporting on the three Lootings of U.S. Savings and Loans during the Reagan and Bush administrations. The letters were based on research into the Lootings from several books written in the late 1980s and early 1990s.
In addition to a request for balance and fair play, I was attempting to redress the failure of the Mainstream Media to cover the Lootings at the time they occurred. The Mainstream Media reporting on the Lootings was fragmentary, spread out over a period of several years, and never received extensive investigative reporting. There were exceptions, Pete Brewton’s articles in the Houston Post that resulted in his The Mafia, CIA & George Bush in 1992 and a series of articles by three northern California writers that resulted in their Inside Job: The Looting of America’s Savings & Loans published in 1989. By 1994 and the Whitewater coverage it was evident that no one in the Mainstream Media or the reading public as a whole, had read either book.
Today, in 1998, the reading and viewing public in the United States are subjected to a daily barrage of material intended to entertain and indoctrinate. Information on serious subjects important to the future of this country are ignored, dumbed-down or distorted . On some subjects — sports and sex, just to name a few — the coverage is so great we begin to suffer from a state of mental indigestion. In vivid contrast, we have some topics the Mainstream Media simply will not cover today and did not cover in the past. The Lootings of the American Savings and Loans from 1985 to 1995 is one of these topics. On this subject, the American people are simply not Information-Poor, they are Information-Starved.
As you will see in some of pages, the letters usually are based upon one or more of those unread books on the Lootings. It is still my intention to put together a time-based narrative of the specific S&Ls that were looted for the benefit of wealthy Republicans. But on re-reading some of the letters I have come to realize that their sense of immediacy and purpose would be lost when re-written in narrative form. Moreover, the preparation of the narratives will take me weeks and months of work. So I will give you the letters now, and in a few months, the narratives. (The meat now, the potatoes, or is that the potatoes, later).
Letter of April 4, 1994- – The Role of the Mainstream Media in the Whitewater Investigation
Letter of April 8, 1994 – Four distinct types of Political Criminal Acts
Letter of April 8, 1994 – Lincoln Savings and Loan — The Timeline
Letter of April 16, 1994 – Lincoln Savings and Loan – The Skimming and the Shredding
Letter of April 18, 1994 – Silverado – The Cover-up of a Cover-up
Unsent Letter of April 23, 1994 – Bread and Circuses
Letter of May 1, 1994 Who Watches the Watchers?
A Letter to Congressman Barney Frank, May 2, 1994 (in preparation)
Broward (in preparation)
Sunrise (in preparation)
Mainland (in preparation)
The Arkansas S&Ls (in preparation)
Herman Beebe and the Palmer National Bank (in preparation)
I have been studying the S&L Scam of 1985 to 1995 for almost four years now. As I have mentioned elsewhere, the coverage of the three SEPARATE LOOTINGS of the S&Ls in the Mainstream Media is a joke.
For something that has cost the American taxpayer between $400 BILLION and $500 BILLION dollars the lack of Mainstream Media coverage is somewhat curious until you realize they believed this information was best kept from the American people. After all, the money went into the RIGHT pockets, didn’t it?
For something that has cost the American taxpayer between $400 BILLION and $500 BILLION dollars the lack of information from the Government on the extent of the Scam is disgraceful. With these Web Pages, I hope to accomplish three objectives.
My first objective is to convince President Clinton to
(1) Direct the OMB or the Treasury Department to produce a current study on the amount of money the S&L Scam has ;cost the American taxpayers to date.
(2) Have Clinton open the files of the Resolution Trust Corporation and the other S&L regulatory agencies to investigation, preferably through posting on the Internet.
(3) I even have some hope of convincing Janet Reno that another OIC needs to be appointed, this time determine if any people in the S&L regulatory agencies, or in her department or the FBI were part of the Scam. As far as I can determine, if a federal official had been involved in criminal acts to protect a fellow Republican (or Democrat) then the statute of limitations no longer applies.
Fortunately a number of good reporters did write some books on the subject, and these have provided much of the information that I used in a series of letters to the San Jose Mercury News from early 1994 onwards in an attempt to get some investigative reporting into the S&L criminal activity. I received no replies to any of them. Let an aged movie star die and he or she gets front page coverage. Let the average American family be robbed of from $5,000 to $10, 000 dollars apiece and there is no story. It is also interesting that at least two of the reporters writing on the S&L Scam (Pete Brewton and Stephen Pizzo) have now been ostracized by the main stream media.
While all of the Web Pages on the Savings and Loan Scam will be works in progress, there is a special set of Pages that should be close to the heart of anyone who wants the S&L criminals and the government officials who shielded them during the 1980s and early 1990s, identified and indicted for criminal acts against the people of the United States. Well over a thousand Savings and Loans collapsed during the Reagan and Bush administrations and were responsible for much of the billions of dollars it cost the American people. Yet I cannot locate a list of these S&Ls and the amounts of money looted from them. Therefore, one of the Web Pages is called
I will need the help of all those who visit this Web Site to add the names of the looted S&Ls to the list, and the amounts of money looted from each. In addition, please provide the source of information to the E-mail address below.
The means by which the S&Ls were looted varied from S&L to S&L. There are strong indications in the literature (the books, not the Mainstream Media) that Organized Crime and the Mafia set up various swindles with cooperating S&L owners and managers to skim off millions of dollars. Then there was any number of fraudulent real estate transactions in which the S&Ls were robbed. None of these received much attention in the Mainstream Media because of the political connections of the people defrauding the S&Ls.
Because much of this was ignored in the Mainstream Media, Federal and state law enforcement agencies gave a pass to much of this, and even in those cases that were criminally investigated, finally gave a pass to frauds where the money being defrauded was less than $20 million dollars (or was it $100 million dollars?) Certain people were allowed to default on loans in the tens of millions and in at least one case, in the hundreds of millions of dollars. Who were these people? What were their political affiliations? Did they make contributions to the major political parties, and if so, to which ones? Were their political contributions the reason why many of the people were never investigated by state or federal officials, or brought before federal grand juries? Then again, perhaps some of the defaulted loans were legitimate. But in any case, the Mainstream Media yawned and looked away. Therefore another Web Page is called:
As you will see, the initial list is limited to just a few names.
The first looting of the S&Ls caused them to collapse. The federal S&L regulatory agencies took over the assets of the failed S&Ls. Some of these assets were real property — buildings and land, or simply land. In disposing of this property, speculators and multi-millionaires were given first crack at acquiring the properties at cut-rate prices. Various public-advocacy groups attempted to acquire some of this property for their programs, but always seemed to lose to the well-connected speculator groups and the rich. I would be glad to create a list showing some of these things if the readers of these pages want to send me an E-mail at the address below. This list would be:
LIST #3 – THE DISPOSITION OF S&L PROPERTIES TO SPECULATORS
Many of the assets acquired by the S&L regulators was in the form of mortgages or other documents indicating that large sums of monies were owed to the S&Ls (and now to the American taxpayer). Some effort was made by the S&L regulatory agencies to recover some of this money, but the more aggressive lawyers and investigators involved in the recovery effort were somehow laid off or transferred to other jobs during the last year of the Bush Administration. Again the Mainstream Media yawned and looked the other way. There was one article in the Washington Post on Senate Hearings into this in August 1992, and then silence.
Another policy adopted by the S&L regulatory agencies during the Bush Administration was a policy of the FORGIVENESS OF LOANS. This came to light for a day or two in October 1990 when Jeb Bush and his real estate partner were able to pay off a $4.65 million dollar mortgage for $505,000 (see below). It is indeed possible the money to pay off the mortgage came from the original $4.65 million dollar loan. Again, perhaps it was legal, but it was never examined by the Mainstream Media and continued to raise questions to this day. How many other well-connected people in this country were able to pay off their loans to defunct S&Ls for pennies on the dollar? We do not know. The Mainstream Media thought this kind of information was not necessary for the people of this country to know. I would like to put together a list of the names of those persons whose loans were FORGIVEN by the S&L regulatory agencies.
If I can get some names and dollar amounts, they will be added to the single name of Jeb Bush in
LIST #4 – THE FORGIVENESS OF LOANS BY THE REAGAN-BUSH S&L REGULATORY AGENCIES.
Unless the readers of these pages can think of other lists that could be used to inform the American people of the GREAT S&L ROBBERY, the remainder of the Web pages in the S&L section will be devoted to specific cases on which there is some documentation.
I have selected the following S&Ls and a National Bank in Washington, D.C. for study because of failure of the Mainstream Media to report on stories pertaining to their looting and because they are linked to prominent politicians, past or present.
Broward Savings and Loan in Florida
This should be sub-titled “How Jeb Bush and his real estate partner were able to purchase an $9 million office building in Florida on money that probably came out of the pockets of the American taxpayer.” Perhaps there is more to the story than I have been able to uncover, but for some reason the Mainstream Media had absolutely no curiosity about this story and gave it VERY LIMITED coverage (one story in the New York Times, one in the Washington Post). Both of these stories referred to a new Resolution Trust Corporation policy of the FORGIVENESS OF LOANS. Evidently if you were well-connected politically and you had borrowed millions of dollars from Savings and Loans that later failed, the RTC would let you off the hook for pennies on the dollar. It was excellent way to obtain property and have the American taxpayer pay for it.
Sunrise Savings and Loan, Boynton Beach, Florida
During the Federal trial of the officers and employees of $1.5 billion dollar Sunrise Savings and Loan in 1989 one witness, Ronald Berkovitz, claimed that then Vice-President George Bush had told a senior S&L regulatory examiner to back off from an examination of the S&L in 1984. In his testimony, Berkovitz claimed that Bush did this in front of Robert Jacoby, the Sunrise CEO, who had gone to Bush to complain “that federal examiners were being too tough on Sunrise.” Less than a year later, in July 1985, Sunrise crashed at a cost to the American taxpayers of $680 million dollars. The Berkovitz testimony was later confirmed by another official close to Sunrise. The Reagan-appointed Federal Attorney for that area of Florida made no effort to indict Berkovitz for perjury, or to question other officers and employees of Sunrise Savings and Loan about the matter.
Peter Brewton, who wrote one of the best books on the Savings and Loan Scam, had to learn of the Berkovitz testimony from an obscure legal journal in the Miami area. Although the trial was covered by the Miami Herald, a Knight-Ridder newspaper, I could find nothing in the archival pulls of the Miami Herald that even touched upon this testimony. There is one quote from the Herald, published after the conviction of Jacoby and another Sunrise executive that sums up the matter nicely. “In the end, it wasn’t incompetence, a poor economy or crummy luck that killed Sunrise Savings. It was criminal activity.” The Miami Heral. Nov 6, 1989.
Lincoln Savings and Loan in California – Part Two
We all know of the first part of the story of Charles Keating and the infamous Keating Five: Senators McCain and DeConcini of Arizona, Glenn of Ohio, Cranston of California, and Riegle of Michigan.
For some reason, the Mainstream Media did not cover the second part. This consisted of a meeting between the members of the San Francisco FHLBB and the senators in early 1987 when the FHLBB people evidently convinced four of the five senators that Keating was engaged in a number of criminal acts. (see the Lincoln page). The Senators were not heard of after this, and some returned their contribution. But somehow the Mainstream Media hung a maverick Republican and four Democratic senators out to dry as the Keating Five. The Keating Five and the Keating Five alone were held responsible by the Mainstream Media for all of the crimes of Charles Keating. If you read the Lincoln Savings and Loan Timeline pages, a completely different story emerges.
The San Francisco FHLBB sent a criminal referral to the Reagan Justice Department on April 9, 1987 and in May 1987, recommended that Lincoln be seized at once. After Ed Gray is forced out of the FHLBB in Washington, Reagan appoints M. Danny Wall to the post. Shortly after this, and for the first time in U.S. regulatory history, a regulatory case under investigation at a regional level is transferred from the jurisdiction of the field office to the jurisdiction of the Washington FHLBB headed by M.Danny Wall. Evidently the Republican Mr. Wall was attempting to help out the Republican national committeeman from Arizona, one each Charles Keating. Besides, Wall, who wrote much of the S&L deregulation bill while he was on the staff of the senior Republican senator from Utah, Jack Garn, did not want to discourage free enterprise in the savings and loan industry.
The transfer of the Lincoln investigation to Washington occurred sometime in late 1987 or early 1988. The movement of the investigation on Lincoln to Washington delayed the closure of Lincoln until February 1989. This gave Keating time to issue well over $250,000,000 in junk bonds to gullible investors in southern California. Some of the proceeds from the sale of the junk bonds evidently were used to make a $100,000 campaign contribution to the Bush presidential campaign in 1988. (The junk bond sales was the only source of income for Keating at this time.)
A Partial Bibliography of the books on the S&L Scam
Trust Me: Charles Keating and the Missing Billions by Micharel Binstein and Charles Bowden – NY:Random House, 1993
Silverado: Neil Bush and the Savings and Loan Scandal by Steven Wilmsen-Washington: National Press Books, 1991
Overdrawn: The Bailout of American Savings by Michael A. Robinson – NY Dutton, 1992
The Mafia, CIA, and George Bush by Pete Brewton – NY SPI, 1992
Inside Job: the Looting of America’s Savings and Loans by Stephen Pizzo, Mary Fricker, and Paul Muolo, McGraw Hill, 1989, Harper, 1991
Other stories that will be published in these pages:
Silverado -in Colorado – How to invest in the oil exploration company of a president’s son, and make a fortune from an S&L.
Madison Guaranty in Arkansas. – About the only person who made any money out of Madison is Sheffield Nelson, the Republican National Committeeman from Arkansas since 1990 and the Republican candidate for governor in 1990 and 1994.
Palmer National Bank. How a Republican bank in Washington D.C. got its original capital investment.
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Go to the Politics forum, then Zippergate and then to the Thread:
The Media’s Handling of the Clinton Scandals.
$550 Billion Looted PLUS $550 Billion Bailout = $1,100,000,000,000, (1.1 TRILLION)
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Apr 14, 2016 – Old West Swindlers – Page 147 – Google Books Result … It highlighted the types of financial fraud the EU-ETS has already … …. The Great Texas Bank Job Speculations Bubbles and Bank Crashes 101 bing.com/search?q … …. It is difficult, by legislation, to circumscribe the chicane of land speculators.
Mar 16, 2012 – Here are 10 incredible swindles in American history. … itself — here are the 10 most famous financial swindles in United States history. … Florida land swindles were very common in the early 20th century, but continue to this.
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May 15, 1975 – Fla officials uncover what might be largest land fraud swindle in … buys a large tract of land with money borrowed from bank or, in many cases, …
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