July 03, 2007
It Runs in the Family

Even a stopped watch is right twice a day, and even the Freepers can sometimes spot a crook when they see one.

Something very significant happened during our country’s savings-and-loan crisis, the greatest financial disaster since the Great Depression. It happened quietly, secretly, without any fanfare and attention. It happened before our very eyes, yet we knew it not.

What we all missed was the massive transfer of wealth from the American taxpayers to a select group of extremely rich, powerful people. What these people had in common -- unknown to the American public -- were their symbiotic relationships to the Mafia and the CIA, and to the two most prominent, powerful politicians from Texas, President George Bush and Senator Lloyd Bentsen.

This small cabal of businessmen realized that the S&Ls were going the way of the dinosaurs. They recognized that S&Ls couldn’t survive under rapid inflation and high interest rates. So they decided to exploit the situation for their own purposes, with help from, and rewards for, the Mafia, the CIA and their favorite politicians. They probably figured that the insulation and protection these powerful institutions and individuals conferred upon them, in addition to all the endemic protections with the financial, judicial, political and journalistic systems, made them invulnerable. They were probably right.

[…]

This information enables one to view the 1988 elections, in which not one cross word was ever spoken about the savings-and-loan debacle, in a whole new perspective. It was not merely a fortuitous coincidence that both Bush, the Republican nominee for President, and Bentsen, the Democratic nominee for Vice President, were part of, and beholden to, the same group of Houston businessmen. Even if the Democrats lost that presidential election, as they did, Bentsen could still win re-election to his Senate seat under the so-called "LBJ rule." The Houston boys, as usual, had their bets covered.

I’ve read Pete Brewton’s book (The Mafia, CIA and George Bush) from which this is quoted, and (despite the URL) the contents appear to be pretty solidly reported. Brewton wrote for the Houston Chronicle, a surprisingly aware newspaper considering its locale, and chronicled some bad craziness, which after all is all they’ve got to do in the heat and humidity of Houston. Alternatives include hanging out on the freeways, bowling, and driving to what’s left of Nawlins.

Brewton shows connections between Bush I and the Vice Presidential candidate on the Democratic ticket at the time, Lloyd Bentsen, and says that if Dukakis and Bentsen had won he would have named the book The Mafia, CIA and Lloyd Bentsen, but otherwise would have had to change very little.

It’s all about strategic placement of the bombs in front of your flag. Put your marshals and generals where they can attack but also fall back. Make sure you’ve got a couple of “low-level officials” to throw under the bus; that should at least slow it down and buy you some time.

And make sure those low-level officials don’t actually have to serve any hard time.

Possibly the most interesting comment comes from Patrick Fitzgerald, who said he would continue to “seek to preserve (Libby’s) convictions through the appeals process.”

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Posted by Chuck Dupree at July 03, 2007 12:19 AM
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