BCCI

==

The 1971 declaration of a "war on drugs" by President Nixon resulted in the targeting of Turkey as an opium source but, in effect, also resulted in the growth of the opium production in Southeast Asia. The Golden Triangle continued to lead in opium production until US interests moved from that region to Afghanistan. Deep state activities continued to play a major role in the transition of drug production from one region to another.

Chapter 7 of American War Machine is perhaps the most interesting, as it describes the global drug connection and its ties to a "shadow CIA," which has functioned as a tool for international overworld interests including those referred to as the Safari Club. OPC officer Paul Helliwell figures prominently in this chapter, in part for his role in creating the CIA-related Castle Bank, which laundered money and helped finance off-the-books operations, and for his ties to organized crime. Castle Bank's connections to the overworld are discussed as are its links to agent C.V. Starr, whose insurance empire evolved into the company we know as AIG. This chapter also introduces Adnan Khashoggi, who appears throughout the deep history of US foreign policy and played a major role in the activities of Castle Bank's successor, the Bank of Credit and Commercial International (BCCI).

Scott writes about some of the deep events in which these players converge. He states that -- "BCCI provided the initial infrastructure for the CIA intervention in Afghanistan in 1979 and the ensuing alliance with the major drug trafficker Gulbeddin Hekmatyar." Additionally, "Shackley, Khashoggi, and BCCI were instrumental in inaugurating the illegal Iran-Contra connection of 1985-1986."

==

robert b fiske: Some of his work highlights include: representing Clark Clifford and Robert Altman in investigations of their roles in the BCCI matter; representing Exxon in New York and New Jersey investigations of the Arthur Kill oil spill; representing General Electric, Exxon, Bankers Trust and other clients in securities actions; and successfully defending a US$4 billion suit arising out of the Three Mile Island accident, brought by General Public Utilities against Babcock & Wilcox, which had designed and manufactured the nuclear reactor.

--

http://www.fas.org/irp/congress/1992_rpt/bcci/20kiss.htm

--

http://www.jstor.org/pss/1410467

hmmn:

<h2>Jackson Stephens</h2>

<h2>Last Updated: December 05, 2008</h2>

</div>

<img brain="false" alt="" src="http://www.nationalcorruptionindex.org/admin/thumbnail.php?srcc=../uploadimages/P_283.jpg" class="img_float_right" /> <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=283">Jackson Stephens</a> exemplified the requisites for an unstoppable self-made billionaire. Visionary, charismatic, and intrepid pathfinder for those in power seeking, like himself, greater wealth and influence as sole moral imperatives. <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=284"> </a>

He reached the status of global-power broker nearly a half century before his death in 2005 at the age of 83. His impact, however lives on, in the government insider firms run by his son Warren, and in weakened US security from the covert deals he arranged between US Presidents and foreign despots. <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=284"> </a>

As head of the largest investment bank off Wall Street, he increased the personal wealth of three eagerly compromised Presidents, in exchange for nuclear and information control technologies.

From a small farm in Little Rock, Arkansas, Stephens joined his brother’s investment company in 1947, after graduating the Naval Academy with classmates Jimmy Carter and future CIA Director Stansfield Turner.

Successful ventures in energy, finance and media parlayed into mega scores, when he arranged the underwriting of Wal-Mart in 1970, then funded Tyson Food’s takeover of Holly Farms.

Along the way he covered his bets, as a financial problem solver for national politicians of both parties. <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=284">    </a> <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=284"> </a>

In the ‘80s, he was Arkansas Governor Clinton’s go-to fundraiser. In return, Stephens’ firm handle 70% of all Arkansas public-works bond issues.

He teamed up with China-born billionaire Mochtar Riady, who, along with his son James, would later be convicted of secretly funding <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=245">Bill Clinton’s</a> presidential campaigns with $ millions from the Chinese government.

During those same years, equal opportunist Stephens also arranged Mideast bankers’ multi $million bailouts for <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=284">George W. Bush’s</a> failing oil ventures.

Stephens’ firm, Systematics, secured a US beach-head for the infamous <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=422">Bank of Commerce and Credit International</a>. Before its $20 billion collapse in 1991, <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=422">BCCI</a> laundered money for dictators, terrorists, drug lords and illicit operations of intelligence agencies, including the CIA (most notably the Iran-Contra guns/cash/drugs transactions). <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=284"> </a>

The effort started in the late ‘70s. Stephens brought Bert Lance, President Jimmy Carter’s soon indicted former budget director, together with <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=422">BCCI</a> principals including Agha Hasan Abedi, Ghaith Pharoan and Khalid Mahfouz (all later criminally charged as well). After 9/11, they and many of their Arabian banking colleagues were directly linked to, or themselves named Specifically Designated Global Terror financiers <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=284"> </a>

After years of complex scheming to circumvent regulatory hurdles, Stephens’ and Lance’s labors paid off. <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=422">BCCI</a> gained entry into the US banking system and its safeguard systems, through clandestine control of Financial General Bankshares (FGB), a major DC-based banking institution.

At the same time, the <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=422">BCCI</a> tycoons bought Lance’s interest in FGB subsidiary National Bank of Georgia, from which he had loaned himself and Jimmy Carter several $million. <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=422">BCCI</a> set up “consultant “ contracts and new terms for the loans’ repayment, along with millions more donated to Carter’s chosen charities.

Stephens’ <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=422">BCCI</a> incursion, and his other ventures were represented by <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=541">Hillary Clinton</a> and her Arkansas law firm partners Vince Foster (later White House Counsel before death by reported suicide), and Webster Hubbell (later #3 in the US Justice Department before serving 20 months on multiple fraud convictions).

While Clinton was Arkansas Governor, Stephens’ billionaire buddies, the Riadys, bonded with Bill and Hillary through their global conglomerate (and Chinese government partner), the Lippo Group. James Riady moved to Little Rock to be closer to his new friends. <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=284">   </a>

In 1983, the Riadys launched their first business venture in Arkansas: The Lippo Finance & Investment Inc. The following year, Lippo ,and everyone’s friend <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=283">Jackson Stephens</a> partnered to buy control of Arkansas’ Worthen Bank Corp. In 1991, a $2.5 million Worthen loan (never repaid), would rescue Clinton’s Presidential campaign.

Hillary and her law partners naturally handled Worthen, and other China-partnered Lippo matters as well.

In 1985, Worthen Bank was indicted for extending several million dollars' worth of illegal, preferential loans to companies owned by the Riadys and Stephens.

A fire of “unknown causes” broke out in the bank at 3am, destroying all the records sought by the prosecutors. Worthen and another Lippo-China bank were given “cease and desist” orders from making such “dangerous loans” in the future. The criminal case was settled, and the loans to Stephens and the Riadys were never repaid.

In 1987, Stephens’ ecumenical spirit helped arrange a $25 million bailout of <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=284">George W. Bush’s</a> floundering oil venture, <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=435">Harken Energy</a>, through his very same <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=422">BCCI</a> buddies, in partnership with the Union Bank of Switzerland. <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=284"> </a>

Stephens gave $100,000 to the Reagan-Bush campaign in 1980, another $100,000 to the Bush dinner committee in 1990, and was a Bush Ranger (minimum $200, 000) for Bush in 2000 and 2004. <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=284"> </a>

But through the first half of the ‘90s, Stephens, and his China-tied Lippo partners’ favorite recipient was <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=245">Bill Clinton</a>. Stephens was Clinton’s 2nd biggest contributor over his political career.

Toward the end of his first term, over fierce Congressional and Defense Department objections, Clinton ended major restrictions against military technology transfers to China. The US-China trade imbalance grew enormously, and Chinese nuclear weapon espionage, as documented in Congressional reports, grew rampant.

This while Clinton’s re-election campaign received $ millions, which were later traced back to foreign sources, mainly China. <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=284">   </a>

In 1993, Clinton appointed Lippo Sr.VP <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=244">John Huang</a> as Assistant Deputy Secretary of the US Commerce Department.

With only a perfunctory background check, Huang was given Top Security clearance, actually approved five months before he took office.

Congressional probes later revealed that while installed at Commerce, Assistant Deputy Secretary Huang spent most afternoons at Stephens’ corporate offices, and was in constant contact with the Lippo Group, as well as with Chinese government officials. <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=284"> </a>

Stephens’ Systematics, meanwhile, reportedly utilized a cutting edge computer program named PROMIS, secretly equipped with “back door control” ability, in IT management contracts with banks across the country. <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=284"> </a>

Systematics merged with telecom giant Alltel just before Clinton’s Presidency. Stephens data mining company, Acxiom, continued rolling in “sensitive” government contracts through the Clinton and George W administrations. <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=284"> </a>

Acxiom was the aggregator of US citizens’ private information for the Bush Defense Department’s Total Information Awareness (TIA) program, headed by <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=223">John Poindexter</a>, convicted of conspiracy in the ‘80s Iran/Contra scheme.

In a 2005 government contract, Acxiom, along with Alltel/Systematics’ major vendor Qsent, and Choicepoint (which falsely disqualified tens of thousands of Florida Democrats in the 2000 Presidential election), merged extensive private information about 100 million US citizens. They illegally gave the data to the TSA, which then transferred it to IBM. The TSA explained it all as an unfortunate series of mistakes.

* Note – In 1997, IBM joined with a small new firm named Ptech, to create the “Unified Modeling Language” as the common parlance for integrated software coding.

Ptech, though known by FBI Bin Laden Unit Chief (later whistleblower) <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=547">Robert Wright</a> to be headed by a major Al Qaeda financier, and funded by Stephens’ former <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=422">BCCI</a> colleagues, was placed in charge of software management at every critical US Government agency- Defense, State, Justice, Energy, Transportation, the White House itself.

Ptech and a quasi government entity named MITRE, utilized PROMIS software to create the FAA’s National Airspace System, in control of operations on 911. <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=284">  </a>

Stephens’ Acxiom Board of Directors reflected his cultivated Democratic Party dealings. The Board included former Clinton Chief of Staff “Mack” McClarty, former NATO Commander(and one time Democratic candidate) Wesley Clark and former Lippo Sr Exec Stephen Patterson. <a href="http://www.nationalcorruptionindex.org/pages/profile.php?profile_id=284"> </a>

When the Democrats gained control of Congress in 2006, both Alltel and Acxiom joined in formation to unfurl their primary team colors.

Within the same week in ‘07, each was acquired by TPG/Newbridge Capital, co-chaired by US Senator Diane Feinstein’s husband, Richard Blum.

Senator Feinstein (D-Ca) is in perfect position to be of service. She is Chair of the Subcommittee on Terrorism, Technology and Homeland Security, and member of the Appropriations Subcommittees for Defense and Intelligence.

The awful legacy of Jackson Stephens’ spectral empire, now controlled by his son Warren, seems secure.

<h3>Categories</h3>

<a href="http://www.nationalcorruptionindex.org/pages/browse.php?category=cat&selectcats=52&catidorcorp=Individual">International Finance</a> | <a href="http://www.nationalcorruptionindex.org/pages/browse.php?category=cat&selectcats=22&catidorcorp=Individual">Information Technology</a> | <a href="http://www.nationalcorruptionindex.org/pages/browse.php?category=cat&selectcats=20&catidorcorp=Individual">Functionaries</a> | <a href="http://www.nationalcorruptionindex.org/pages/browse.php?category=cat&selectcats=15&catidorcorp=Individual">Homeland Security</a>

<h3>Sources</h3>

<ul>

<li><a href="http://biz.yahoo.com/ap/070524/alltel_buyout_stephens.html?.v=1" target="_blank">biz.yahoo.com/ap/070524/alltel_buyout_stephens.html?.v=1</a></li>

<li>Alltel, Axicom deals: <a href="http://www.famoustexans.com/georgewbush.htm" target="_blank">www.famoustexans.com/georgewbush.htm</a></li>

<li>Bush campaign contributions: <a href="http://www.motherjones.com/news/outfront/1997/01/davis.html?welcome=true" target="_blank">www.motherjones.com/news/outfront/1997/01/davis.html?welcome=true</a></li>

<li>Connections to Clinton, Huang, Riady: <a href="http://www.aci.net/kalliste/lippo.htm" target="_blank">www.aci.net/kalliste/lippo.htm</a></li>

<li>Systematics: <a href="http://www.freerepublic.com/forum/a37d95a0809ce.htm" target="_blank">www.freerepublic.com/forum/a37d95a0809ce.htm</a></li>

<li>Riady, Clinton, Bush, BCCI: <a href="http://www.politicalfriendster.com/showConnection.php?id1=128&id2=2474" target="_blank">www.politicalfriendster.com/showConnection.php?id1=128&id2=2474< /a></a></li>

<li><a href="http://www.politicalfriendster.com/showConnection.php?id1=128&id2=2474" target="blank">Political contributions, Harken: </a><a href="http://www.motherjones.com/news/feature/1992/09/bushboys.html" target="blank">www.motherjones.com/news/feature/1992/09/bushboys.html</a></li>

<li>H arken, BCCI: <a href="http://www.arkansasnews.com/archive/2005/07/24/News/324873.html" target="_blank">www.arkansasnews.com/archive/2005/07/24/News/324873.html</a></li>

</ul>

===maxam board, gov John Connaly (lbj/jfk?)  bankrupt?
same dir:
<pre style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; word-wrap: break-word; white-space: pre-wrap;"> MAIL-IT REQUESTED: SEPTEMBER 10, 1993 104QDG

                 National Thrift News, Inc.

National Mortgage News

                                 April 1, 1991

SECTION: Pg. 17

LENGTH: 321 words

HEADLINE: Pharaon's Links to BCCI

DATELINE: WASHINGTON

BODY: The relationship between Saudi businessman

The Economist

                               November 21, 1981

SECTION: World politics and current affairs; Middle East Banking: a

survey; SURVEY Pg. 20 (U.S. Edition SURVEY Pg. 20)

LENGTH: 270 words

HEADLINE: Own your own bank

HIGHLIGHT: The oil states of the Middle East have left most of their

new-found wealth with western banks, which have made hefty profits

lending it on to others. The Arabs would like to keep more of these

profits for themselves. This survey, written by Peter Truell and edited

by Tim Hindle, suggests that there is more to banking than being close to

rich deposits.

BODY: Some private Arab investors have taken a shine to western

banks. Perhaps the most enthusiastic is Suleiman Olayan, Bechtel's

61-year-old partner in Saudi Arabia, credited with introducing insurance

to the kingdom. Reputedly one of the richest men in the world, his bank

holdings make those of the better-known Adnan Khashoggi look like

minnows.

His biggest stake is a 7.5% share in America's tenth largest bank,

First National Bank of Chicago. He also holds ''around 1%'' of Chase

Manhattan, Mellon Bank, Bankers Trust and four or five other less

well-known but large American banks. He hired Mr William Simon,

ex-treasury secretary, to run his investment company, Crescent

Diversified, at a salary reputed to be around $1m a year. Suleiman Olayan

is also chairman of Saudi British Bank and is on Morgan Guaranty's

international board.

Other big Saudi investors in foreign banks include Kamal Adham, former

head of Saudi intelligence and largest shareholder in the recently

acquired American multistate bank-holding company, Financial General

Bancshares. He has a large stake in Allied Arab Bank in London and 1.8%

of the Luxembourg-registered multinational Bank of Credit and Commerce

International (BCCI).

Khalid Bin Mahfouz, son of the founder of National Commercial Bank of

Saudi Arabia, has a majority share in the Main Bank of Houston. Ghaith

Pharaon, multi-millionaire owner of the Redec group of companies who

recently bought into the Club Mediterannee holiday villages, controls the

National Bank of Georgia, and also, in 1980, owned 10.6% of BCCI.</pre>==<pre style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; word-wrap: break-word; white-space: pre-wrap;">Ghaith Pharaon, who had links to failed thrifts, and Bank of Credit and

Commerce, is a long-standing one.

1975: Georgia banker Bert Lance, later to become Jimmy Carter's budget

director, takes over as president of Financial Bank Shares (later to

become BCCI-controlled First American Bank) in the District of Columbia.

The same year Lance and other investors buy the National Bank of Georgia.

1977: Amid a growing scandal involving misuse of Lance's position with

NBG, (Lance was later barred from banking), BCCI indicated it would like

to buy Lance's Georgia bank. Due to Bank of America's large ownership

share in BCCI, BCCI could not legally do so. Instead Pharaon purchased

60% of the stock in NBG. He paid $ 20 a share, double the amount the

bank's stock was trading for at the time. Pharaon later acquired all the

remaining shares and hired Lance as a paid consultant to NBG. BCCI later

loaned Lance $ 3.5 million.

1977: Pharaon teamed up with former Treasury Secretary John Connally

to buy Main Bank in Houston, Texas.

1978: The New York Times reported that BCCI was behind Pharaon's

purchase of Bert Lance's NBG.

1979: Pharaon hired Roy Carlson to run NBG. Carlson had been

responsible for monitoring Bank of America's investment in BCCI.

1985: Pharaon buys Independence Bank in Encino California. According

to banking analyst Larry Gurwin, negotiations for the purchase were

handled by BCCI officers. Pharaon, according to Mr. Gurwin, was a

"passive investor."

1986: Independence Bank makes a $ 2.2 million loan to state senator

Alan Robbins who then loans $ 900,000 of that money to Michael Goland.

Goland then distributes the money to 10 straw buyers who purchase Viking

Savings and Loan for Goland.

1986: Pharaon purchases a 28% stake in CenTrust Savings.

1987: First American Bank purchases control of NBG from Pharaon for $

225 million.

LANGUAGE: ENGLISH</pre>==<pre style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; word-wrap: break-word; white-space: pre-wrap;">File: 3

The Beebe Network - The Cast Of Characters and The History

Ben Barnes, former Texas Lt. Governor; business associate of Herman K

Beebe,

Walter Mischer and John Connally.

Herman K. Beebe Sr., Louisiana financier with offices in Dallas,

convicted felon and Mafia associate; many connections to the intelligence

community; godfather of the dirty Texas S&L's; did nine months in Club

Fed; Charles Hurwitz introduced Beebe to B G Wylie,

half-brother of Carroll Kelly; funded start-up of Contra related Palmer

Tom Benson,a partner of Stanley Rosenberg in Groos Bank

(influenced by H K Beebe) and Bank of Leon Springs;a Beebe associate;

partner with Peyton McKnight and Charles Hurwitz(?) in Culebra/1676,

a Rosenberg boondoggle

John Connally,former Texas governor;

Connally's law firm, Vinson-Elkins had Walter Mischer as a client;

Charles Keating worked on his 1980 Republican presidential race; he and

his partner Ben Barnes, borrowed tens of millions of dollars from dirty

S&L's; served on Hurwitz's Maxxam Inc's board of directors from 1988

until his death in 1993. Participated in several CIA related covert

actions.

Thomas Gaubert,big Democratic fundraiser from Dallas;former head of

Independent American Savings, which purchased 20 branch offices from

Hurwitz' USAT;owned a piece of Sandia Federal Savings in Albuquerque;head

of Telecom; A right-wing flag waver.

Joseph Grosz,Chicago mob associate;worked for Gouletas family;ran

Southmark's San Jacinto Savings;director of Gaubert's Telecom.

Stefan Halper,co-founder with fellow George Bush supporter Harvey McLean

of Palmer National Bank, which was financed by H K Beebe and funneled

private donations to the Contras;former son-in-law of past CIA deputy

director Ray Cline;helped set up legal defense fund for Oliver

North.Peter Munk also an investor in Palmer NB

J B Haralson,former head of Mercury Savings and Ben Milan Savings,where

he was fronting for his old associate George Aubin;old Surety Savings

hand,which Hurwitz attempted buy in 1977;managing officer of two other

Texas S&L's which that failed;

partner of B G Wylie et al in the purchase of Brazaport S&L from Lloyd

Bentsen.

Charles Hurwitz,controlled now defunct USAT, majority stockholder of

Maxxam Inc; longtime friend of most Houston elite including John

Connally; a Milken Insider; often accused of fraud and other security

related schemes; knew H K Beebe.

Charles Keating,S&L looter;spawned by Carl Lindner;worked on John

Connally's 1980 presidential campaign as Westcoast fundraiser;controlled

Lincoln Savings and Loan (the first big deal Lincoln did was with

Connally);Lincoln involved in a daisy chain with Larry Mizel's MDC

Holdings,Silverado and San Jacinto;his chief pilot in 1979 was CIA

operative Ken Qualls.

Carroll Kelly,who epitomized his Kappa Sigma fraternity;owner of

Continental Savings and associate of H K Beebe (I'm Beebe's man in

Texas," he bragged to S&L regulators.)

Ed McBirney,"Fast Eddie" from Dallas;former head of Sunbelt

Savings;associate of H K Beebe, Jarrett Woods and George Aubin;attempted

to buy branch offices from Hurwitz' USAT; funded Hurwitz associates

including Rosenberg.

Peyton McKnight,powerful louisianan, an associate of Beebe and a partner

with Charles Hurwitz, Stanley Rosenberg and Tom Benson

in a Rosenberg deal.

Harvey McLean,Shreveport,Louisiana businessman and close associate of H K

Beebe;owned Paris(Texas)Savings and Loan;co-founded Palmer National Bank

with Stephan Halper and Beebe's money.

Peter Munk,a Canadian businessman, investor in Palmer NB; an associate of

H K Beebe; business partner with Adnan Khashoggi; an associate of John H

Roberts Jr and John P Holmes Jr in Goldome FSB

Clint Murchison Sr. and Jr.,Dallas oilmen and wheeler dealers;Sr was

involved in business in Haiti with a CIA operative;Jr purchased Mischer's

interest in sawmills in Honduras;Jr was involved with a CIA operative in

Libya and did business with H K Beebe and Adnan Khashoggi.

David Saks,business associate of Stanley Rosenberg; partner of Doyle

Spruil, both convicted felons;borrowed from Beebe controlled S&L's

Doyle Spruil, business partner of David Saks and Stanley Rosenberg; a

convicted felon; borrowed from Beebe controlled S&L's

Beebe connections to Barnes-Connally, to Hurwitz, to S&L's, to Mafia

    CONNALLY-KEATING-LINDNER-

           BARNES-BEEBE

(Source: References are in "Inside Job")

1960's

Beebe starts American Motels, Inc. (AMI);

invests in Holiday Inns. (231)

1970's

Beebe & Barnes develop complex business

association (232)

Beebe controls Bossier Bank & Trust, Bossier

City, CA

Barnes invests in Holiday Inns

1972

Barnes, then Lt. Gov. of TX, involved in Bank &

stock fraud scandal. In '71 a grp of TX banks

looted a network of businessmen who bought & sold

stock in a business owned by Frank Sharp. (358)

Connally bribe to cover indictment led to

indictment of Connally; acquited (368#6)

1973

Jul. Beebe & Barnes from banking and insurance assoc.

by 1976 B/B control 19 banks & S&L's in TX & CA

Prior to Ch. Keating a ExecVP & Director of Carl

1979 Lindner's American Financial Corp. (AFC);

also a founding partner in AFC's law firm

Keating, Muething & Klekamp

Lee H. Henkel, a Republican, was Treasurary Dept.

& IRS Counsel in the Nixam Admin. Later a tax

attorney and real estate developer in Atlanta

1979

Jul. 02 SEC v. Keating, Muething & Klekamp a judgment

against Lindner, Keating & Klekamp enjoins

self-dealing in an Ohio bank subsidiary.

Keating buys Continental Homes of Phoenix, Inc.

from Lindner & renames it American Continental

Corp. (ACC)

1980

Henkel & Keating are `Connally for

Presidents' East & West Coast financial

chairs. Henkel is Keating's attorney.

1983

Oct. ACC buys Lincoln Savings with DBL issued

junk bonds

1984

Lincoln makes $70mm loan to Connally on a land

deal near Austin, TX and $134mm loan to Henkel;

Connally defaulted leaving Lincoln (and not the

taxpayers) holding a $70mm loss (Nation 11/19/90)

l986

           Herman Beebe associate Ben Barnes in partner-

ship with Connally borrows from 17 S&L's in

3 states ($40mm from Vernon S&L and some

unknown amount from Credit Banc (where Barnes'

son worked)

ACC employed Mark Connally son of John Connally

Aug. Press reports Beebe & Marcelolo control

Continental S&L (Houston). Fails in 1988.

1987

Feb. 13 WSJ reports Lincoln S&L made at least $61.9mm

in loans to corporations & partnerships in which

Lee Henkel had an interest

In mid-August 1987 the records of the records of Southmark, San Jacinto

SA, Strauss, Barnes, Connally and about 200 others were seized according

to the Dallas Times Herald. Southmark had done about $90 million in

business with Beebe who held 62% of its Series E Pfd according to

Southmarks 10K85. Southmark bought Bebe's nursing homes and also owned

37% of Pratt Hotels. Beebe did business with Morris Shenker and also was

related to many Contra figures. Southmark also purchased the Beebe built

AMI tower in or before 1988. AMI had 17 subs and 14 affiliates.

1988

SEC v. MDC Holdings, MDC (has close ties with

Silverado), is caught in shady deal with

Lincoln S&L. Neal Bush is loaned $550m for a house

Connally elected to Maxxam BOD

</pre> ==