Upsetting
Saturday, July 26, 2003
 
Neil Bush was an executive for a Colorado oil company, JNB Exploration, and a member of the board of directors of Silverado Banking, Savings & Loan here.

The oil company never was profitable, but its investors still were rewarded. Bush approved hundreds of millions in loans to them from Silverado, loans that were never repaid.

When Silverado failed, it posted $1 billion in losses, most of which were covered by taxpayers.

Bush was not prosecuted in the Silverado fraud.
 
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