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 . He resigned when his father was nominated to the Republican presidential ticket. 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 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 .