The code of ethics of the failed Silverado 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 Silverado borrowers while failing to inform colleagues that he had important business connections with them. "A director is required to give full disclosure to other directors," said regulator Terry Sandefur, offering an emphatic shorthand summary of the case against Bush. In addition, it has been reported that Bush's campaign manager, Ken Mehlman, and his former chief political adviser, Karl Rove, were paid millions in fees from companies they advised on their financial dealings. 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 Silverado 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 Silverado borrowers while failing to inform colleagues that he had important business connections with them. In addition, it has been reported that Bush's campaign manager, Ken Mehlman, and his former chief political adviser, Karl Rove, were paid millions in fees from companies they advised on their financial dealings. Bush supporters say he is an honest but naive young man being persecuted because he is the President's son.