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 Neil Bush, which he denies. Bush abstained from voting on forgiving $11 million that Kenneth Good owed to Silverado but did not disclose that Good was paying $3 million for an 80% interest in Bush's oil exploration company. Good and another investor in Bush's firm, William L. Walters, ultimately defaulted on more than $130 million in loans at Denver-based Silverado. 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. In October 2001, George W. Bush received a letter from his father saying that he had been "advised by counsel that you are entitled to receive a portion of your father's net worth as part of any
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 Neil Bush, which he denies. Bush abstained from voting on forgiving $11 million that Kenneth Good owed to Silverado but did not disclose that Good was paying $3 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. In October 2001, George W. Bush received a letter from his father saying that he had been "advised by counsel that you are entitled to receive a portion of your father's net worth as part of any