Word: conflict-of-interest
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...line in reprimanding the President's 35-year-old son for his performance as a director of Denver's Silverado S&L, which collapsed in 1988 at a cost of $1 billion to the U.S. When Judge Daniel Davidson issued his decision, he declared that Bush had broken conflict-of-interest rules. The judge ordered Bush to avoid future conflicts, a mild sanction. But the OTS lawyers' cryptic reference to a potential new problem intrigued congressional investigators...
...column by Robert K. Niewyck, a second-year law student and regular Record writer, accompanied the notices. Niewyck's article details several instances in which Donziger, not an official member of the weekly paper, allegedly involved himself in a conflict-of-interest situation...
...administrative law judge will rule in January on whether Bush should be ordered to avoid conflict-of-interest violations, a mild sanction. Last month federal regulators brought a $200 million suit that charged Bush and 11 former Silverado officials with gross negligence in the S&L's collapse. The cost of defending himself against that suit could bankrupt Bush...
...Loan are guilty of "gross negligence" and should pay $200 million in restitution for contributing to the S&L's collapse. As the President's outgoing, personable third son faces a separate disciplinary hearing this week in a Denver courthouse, federal investigators will accuse him of violating conflict-of-interest regulations while serving as a $12,000- a-year Silverado director. The 35-year-old oilman was widely perceived as a mere pawn of manipulators bent on cultivating political protection from federal regulators. Yet that sympathetic view now seems to fall far short of the full story...
...charges a second conflict-of-interest violation when Good in 1986 asked the board to restructure $14 million in loans on troubled real estate projects. According to the agency, Bush should have told the board that Good had just signed an agreement with JNB contemplating a further cash infusion of $3 million. Silverado lost at least $13 million on the restructuring. Bush argues in response that the directors of Silverado knew more about Good's liquidity than he did. The OTS also cites Bush for not abstaining from voting on transactions involving Walters. But Bush claims...