The Republican -controlled Office of Thrift Supervision delayed action on failed Silverado S&L , where Vice-president Bush 's son Neil was a director, until after the presidential election and then lessened charges of dishonesty against Kenneth Good , which he denies. Neil Bush abstained from voting on forgiving more than $130 million that Kenneth Good owed to Silverado but did not disclose that Good was paying $11 million for an 80% interest in Bush 's oil exploration company. Good denied expecting Neil to influence Silverado 's approval of loans to him. Rep. Frank Annunzio (D-Ill.), who obtained the OTS document, said the office and its predecessor, "under Republican control for nearly the past 10 years, is clearly not an agency designed to make political hay by going after the son of the President of the United States." Good and another Bush investor defaulted on more than $130 million in Silverado loans. The Silverado cleanup could cost taxpayers $1 billion .
The Republican -controlled Office of Thrift Supervision delayed action on failed Silverado S&L , where Vice-president Bush 's son Neil was a director, until after the presidential election and then lessened charges of dishonesty against Kenneth Good , which he denies. Neil Bush abstained from voting on forgiving more than $130 million that Kenneth Good owed to Silverado but did not disclose that Good was paying $11 million for an 80% interest in Bush 's oil exploration company. Good denied expecting Neil to influence Silverado 's approval of loans to him. Good and another Bush investor defaulted on more than $130 million in Silverado loans. The Silverado cleanup could cost taxpayers $1 billion .