-Caveat Lector- -----Original Message----- From: Sam Wells <[EMAIL PROTECTED]> Newsgroups: alt.conspiracy Date: Saturday, August 21, 1999 7:12 PM Subject: George and Corruption >Corruption in Texas Government; State $ to Big Contributors > >Bush's administration has been marked by the large amounts of state >controlled money flowing to men who have either contributed large amounts to >Bush's campaign, or who have made Junior personally rich through sweet >insider business deals, or both. >For example, the University of Texas' Investment Management Company (UTIMCO) >invests $1.7 billion of state money. Bush's cronies dominate this board, and >in return investment funds controlled by these very cronies or their friends >have received $457 million of that investment pool. There may even be more, >but this obscure group -- created under Bush -- cloaks its operations in a >thick veil of secrecy. > >UTIMCO's chairman, Tom Hicks, now owns the Texas Rangers; his purchase of >the team made Governor Bush a very rich man. Furthermore, Hicks and his >brother gave $146,000 to the Bush campaign. In return, $252 million of the >invested money went to funds run by Hicks' business associates or friends, >according to the Houston Chronicle. Hicks even insisted that UTIMCO increase >by $10 million an investment with a fund that he had an indirect financial >interest in, but UTIMCO staff halted funding after they discovered the >conflict. > >In another example, Larry Paul Manley, Bush's director of the Department of >Housing until he resigned in January 1999, is under police investigation for >steering federal tax credits to cronies. Texas' top auditor discovered in >1997 that 60% of department contracts went to Manley's former colleagues at >local savings and loans, but refused to make the findings public until long >after the criminal probes began. > >Another key player in the Bush world is Richard Rainwater, the billionaire >Texas investor who made Bush Jr.'s original involvement in the Texas Rangers >deal possible. That's the deal that made Jr. rich, of course. Bush had >several other personal investments in Rainwater controlled companies. But >Rainwater has received much from Bush and the state of Texas' treasury, too. > > >For example, the state teacher retirement fund sold three office buildings >to Rainwater's real estate company at bargain prices, and without bids in 2 >of the cases. The fund invested $90 million in the Frost Bank Plaza in >Austin, and sold it to Rainwater's Crescent Real Estate for $35 million. >Bush signed a law that will give his former baseball team co-owners -- >including Rainwater -- a $10 million bonus payment when a new Dallas arena >is built. Bush also proposed a cap on business real estate taxes that would >have saved Rainwater millions on his various properties (but it lost in the >legislature). And UTIMCO, described above, has invested $20 million in >Rainwater companies. > >Bush may or may not have violated state ethics laws with all of this big >money backscratching, but there is no doubt that he and these businessman >are operating corruptly -- funneling large amounts of state money to the >businessmen's companies, and large amounts of their personal and business >money into George Bush Jr.'s pocket and political campaigns. > >Sources > > >Avoided the Vietnam War >Just like Dan Quayle and Steve Forbes, two other politically-connected rich >kids, Bush Junior joined his home state's National Guard. It's not clear how >he got past the waiting list, but his dad was a U.S. Congressman at the >time, and his grandfather was a famous U.S. Senator. > >Instead of going to Vietnam, he flew cool jet planes around Texas, valiantly >defending us against the Mexican air force. His political connections got >him a sweet deal -- they not only got him into the National Guard, and got >him the last (rare) training slot for pilots despite the fact that he scored >the lowest allowable score - 25/100 - on a pilot's aptitude test, but he was >assigned to fly an older plane (the F102) which was being phased out at the >time, which meant that he had no chance at all of going to Vietnam. > >On this issue, too, Bush has weaseled in a manner eerily reminiscent of Bill >Clinton. He claims that he joined the guard to fly planes, just like his >dad. But George Bush, Senior, a genuine war hero, joined the Navy, not the >National Guard. Both the Navy and Air Force had plenty of openings when Bush >Jr. joined, but he chose the stateside Guard. Furthermore, his enlistment >form had a check box to indicate whether you volunteered to go the Vietnam >or not. His was checked NO, but now he claims that the clerks there often >filled that part out and checked NO for you. Once he joined, Bush was >promoted to First Lieutenant in just 4 months, a very short time, and was >given several months off to work on a political campaign. He was also >released 6 months early to work on another campaign. > > >Insider Business Deals >Bush Jr. has made a lot of money off of three business deals. In each one, >his contribution is hard to perceive, yet he walked off with hundreds of >thousands or millions of dollars in deals arranged by his father's political >cronies. The deals were >1. the sale of Junior's struggling oil company, >2. Junior's sale of oil stock just before the Gulf War, and >3. getting a cheap slice of the Texas Rangers baseball team, which he >recently sold for a huge profit (he paid $600,000, and sold for $14 >million). > >(snip) > >Hello!!! http://www.gwbush.com/ > > > > DECLARATION & DISCLAIMER ========== CTRL is a discussion and informational exchange list. Proselyzting propagandic screeds are not allowed. Substance—not soapboxing! These are sordid matters and 'conspiracy theory', with its many half-truths, misdirections and outright frauds is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRL gives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credeence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://home.ease.lsoft.com/archives/CTRL.html http:[EMAIL PROTECTED]/ ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om
