Silveradoneil Bush Scandl

Steven Wilmsen, Author National Press Books $19.95 (0p) ISBN 978-0-915765-89-8
Denver Post reporter Wilmsen broke the story of the president's son's connection with Silverado Savings and Loan when he discovered that two of the Denver thrift's biggest borrowers were Neil Bush's business partners. In a complicated tale of greed and irresponsibility, Wilmsen steers the reader through Silverado's shady dealings, focusing on a handful of deceitful key players who gutted the institution. While highlighting Neil Bush's unrestrained drive for wealth, position and social status, the author endorses the notion that ``ethically myopic'' Bush believed he had done no wrong. The book apportions a good deal of blame to the accounting firm Coopers & Lybrand, which ignored clear signs that the thrift was near insolvency to report that it was in excellent financial health. The federal government has now settled its suit against Silverado, including ex-director Bush. First serial to Playboy. (Aug.)
Reviewed on: 07/29/1991
Release date: 08/01/1991
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