The code of ethics of the failed Texas S&L where Neil Bush was a director requires officials to avoid or report any situation that appears to be a conflict of interest . Bush is accused of ignoring this by supporting further financing for big business borrowers while failing to tell colleagues that he had important business connections with them . The Office of Thrift Supervision seeks a cease - and - recall order barring Bush from future violation of conflict of interest regulations and the FDIC names him in a $ 200 million suit against Silverado directors . His defenders portray Neil Bush, who was 30 when he joined the Silverado board in 1985, as an honest but naive young man who is being persecuted because he is the President's son. Bush supporters say he is an honest but naive young man being persecuted because he is the President 's son .
The code of ethics of the failed Texas S&L where Neil Bush was a director requires officials to avoid or report any situation that appears to be a conflict of interest . Bush is accused of ignoring this by supporting further financing for big business borrowers while failing to tell colleagues that he had important business connections with them . The Office of Thrift Supervision seeks a cease - and - recall order barring Bush from future violation of conflict of interest regulations and the FDIC names him in a $ 200 million suit against Silverado directors . Bush supporters say he is an honest but naive young man being persecuted because he is the President 's son .