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 . About the same time Good was buying control of Bush's firm, the Silverado board agreed to forgive $11 million in loans and obligations owed by Good to the S&amp;L because he allegedly could not pay his bills, the memorandum states. 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 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 .