The Republican - controlled Office of Thrift Supervision delayed action on failed Silverado S&L , where Vice - president Bush 's brother Neil was a director , until after the presidential election and then filed charges of dishonesty against Neil Bush , which he denied . Bush abstained from voting on forgiving $ 11 million that Bob Good owed to Bush 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 default 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 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. The Silverado cleanup could cost taxpayers $1 billion.