An Office of Thrift Supervision judge ruled on December 18 , 1990 that President Bush 's son Neil violated conflict - of - interest regulations in the failure of National S&L , of which he was a director . He recommended that if Bush holds a position at a financial institution in the future , he be required to obtain a lawyer 's advice on potential conflicts , make a full disclosure of his business activities annually , and refrain from voting on issues where he has an interest . Bush contested the allegations . If the ruling is upheld , he intends to take the matter to federal appeals court .
An Office of Thrift Supervision judge ruled on December 18, 1990 that President Bush's son Neil violated conflict-of-interest regulations in the failure of Silverado S&L, of which he was a director. He recommended that if Bush takes a position at a financial institution in the future, he be required to obtain a lawyer's advice on potential conflicts, make a full disclosure of his business deals annually, and abstain from voting on issues where he has an interest. Bush contested the allegations. If the ruling is upheld, he intends to take the matter to federal appeals court.