PHOTO OF THE DAY - Jamie Dimon Trickle Down
The Trickle Down...
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25 links.
Woman shot by police in Dorner manhunt says cops won’t pay taxes on replacement truck
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Food Distribution at European Red Cross at Highest Level Since World War
Climate Change Without Catastrophe: Interview With Anthony Watts
If Corporations Don’t Pay Taxes, Why Should You?
Gold Market Questions After Soros Sale - Bloomberg
Record 89,304,000 Americans 'Not in Labor Force'
SPLC Letter To DOJ & DHS: Patriot Groups Pose Domestic Terror Threat
We Need To Double Bank Capital Requirements - Bloomberg
Jamie Dimon Caught On Tape: 'That's Why I'm Richer Than You'...
Female Senator Gets 'Very Uncomfortable' Screening By TSA
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Photo Break - The Dimon Blankfein Syndicate
More Links
Snow triggers huge 100-car pile-up in Germany - Photos
Europe's Lost Generation - Telegraph
Neil Bush (Brother To Jeb & George) Invests In Singapore Firm - Bloomberg
Bernanke Provokes Mystery Over When Fed Will Exit
Study: Amount Of Cesium-137 Released Into Pacific From Fukushima Is 50X Estimate
DoD Plans to Use Preemptive Deadly Force on Hackers, Cyber Threats
Goldman Rigging the I.P.O. Game - NYTimes
Bankrupt 1990s Internet Toy Company (EToys) Still Thinks It Was Undervalued
Federal Reserve Beige Book March - Business Insider
Watch The Final Minute Of Rand Paul's Filibuster - YouTube
Shopping Habits of Austrians Vs. Keynesians at Duty Free Shops (Hilarious)
Fugitive Fund Manager Arrested Who Stuffed Underwear With Cash And Fled
Former Sen. Jon Kyl Joins Lobby Shop At Covington & Burling - The Washington Post
Photos by William Banzai7...
Apr 8, 2013 at 6:21 PM
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http://en.wikipedia.org/wiki/Neil_Bush
Silverado Savings & Loan
Neil Bush was a member of the board of directors of Denver-based Silverado Savings and Loan during the 1980s' larger Savings and Loan crisis. As his father, George H.W. Bush, was Vice President of the United States, his role in Silverado's failure was a focal point of publicity. According to a piece in Salon, Silverado's collapse cost taxpayers $1.3 billion.[3]
The US Office of Thrift Supervision investigated Silverado's failure and determined that Bush had engaged in numerous "breaches of his fiduciary duties involving multiple conflicts of interest." Although Bush was not indicted on criminal charges, a civil action was brought against him and the other Silverado directors by the Federal Deposit Insurance Corporation; it was eventually settled out of court, with Bush paying $50,000 as part of the settlement.[4]
A friend who also donated funds to the Republican set up a fund to help defer costs Neil incurred in his S&L legal defense.[5]
[edit]Ignite! Learning
Main article: Ignite!
In 1999, Bush co-founded Ignite! Learning, an educational software corporation. Bush has said he started Austin-based Ignite! Learning because of his learning difficulties in middle school and those of his son, Pierce.[6] The software uses multiple intelligence methods to provide varying types of content to appeal to multiple learning styles.
To fund Ignite!, Bush raised $23 million from U.S. investors, including his parents, as well as businessmen from Taiwan, Japan, Kuwait, the British Virgin Islands and the United Arab Emirates, according to documents filed with the Securities and Exchange Commission. Documented investors include Russian billionaire expatriate Boris Berezovsky, Berezovsky's partner Badri Patarkatsishvili, Kuwaiti company head Mohammed Al Saddah, and Chinese computer executive Winston Wong.
In 2002, Neil Bush commended his brother, George, for his efforts on education as President, but he questioned the emphasis on constant testing to keep federal aid coming to public schools: “I share the concerns of many that if our system is driven around assessments, pencil-and-paper tests that test a kid's ability to memorize stuff, I would say that reliance threatens to institutionalize bad teaching practices.”[7]
As of October 2006, over 13 U.S. school districts (out of over 14,000 school districts nation-wide[8]) have used federal funds made available through the No Child Left Behind Act of 2001 in order to buy Ignite's products at $3,800 apiece.[9]
A December 2003 Style section article in the Washington Post reported that Bush's salary from Ignite! was $180,000 per year.[4]
Bush's relationship with the controversial oligarch Boris Berezovsky, a political enemy of Russian President Vladimir Putin currently under indictment for fraud in Russia and an applicant for asylum in the United Kingdom,[10] has been noted in the media. Berezovsky has been an investor in Bush's Ignite! program since at least 2003.[11] Bush met with Berezovsky in Latvia. The meeting caused tension between that country and Russia due to Berezovsky's fugitive status.[11] Bush was also seen in Berezovsky's box at an Arsenal's Emirates stadium for a game in 2006,[12] which prompted some stateside criticism.[13] There has also been speculation in the English language Moscow Times that the relationship may cause tension in U.S.-Russian bilateral relations, "especially since Putin has taken pains to build a personal relationship with the U.S. president."[14]
[edit]Kopin stock trades
In July 1999, Bush made at least $798,000 on three stock trades in a single day of a company where he had been employed as a consultant. The company, Kopin Corporation of Taunton, Massachusetts, announced on the same day good news about a new Asian client that sent its stock value soaring. Bush stated that he had no inside knowledge and that his financial advisor had recommended the trades. He said, "any increase in the price of the stock on that day was purely coincidental, meaning that I did not have any improper information."[15]
When asked in January 2004 about the stock trades, Bush contrasted the capital gains he reported in 1999 and 2000 with the capital losses on Kopin stock he reported ($287,722 in all) in 2001. In 2001 Kopin joined a broad decline in high-tech stock valuations.[16]
http://www.azcentral.com/news/politics/free/20130312gun-background-check-bill-senate-panel.html
The A.G. said today that Congress can't prohibit killings on U.S. soil. He should re-read that statute
http://www.salon.com/2013/03/06/does_eric_holder_know_the_law/
Here, to set the record straight, are fifteen ways in which it is a resounding success:
1. It has surrounded the Fourth Amendment’s “search and seizure” restrictions, and similar provisions in state constitutions, with so many “good faith,” “reasonable suspicion” and “reasonable expectation of privacy” loopholes as to turn them into toilet paper for all intents and purposes.
http://www.counterpunch.org/2013/03/12/15-benefits-of-the-war-on-drugs/
http://www.copblock.org/28432/security-officer-wins-13-2-million-judgement-against-cleveland-police/
http://www.techdirt.com/articles/20130308/01330322250/aaron-swartzs-partner-accuses-doj-lying-seizing-evidence-without-warrant-withholding-exculpatory-evidence.shtml