Date: August 6, 2006 9:23:26 AM PDT
Subject: Fwd: Bush Family Values -- Up Close & Personal
On October 11, 1953, Barbara and George HW Bush's almost-four-year old
daughter Robin died of leukemia. Immediately after watching their young
daughter die, they left the hospital -- to go golfing. There was no funeral for Robin -- the Bushes donated her organs to science. It was Bush's mother --Robin's grandma Dorothy-- who decided to have Robin's remains buried, in the family plot in Greenwich, Connecticut. Parents Barbara and George did not attend the burial.
Date: August 5, 2006 6:18:09 PM PDT
To: undisclosed-recipients:;
Subject: Madsen ~ August5/6, 2006
"Jaded Tasks" available directly from the publisher.
Aug. 5/6, 2006 -- On August 1, the Senate Permanent Subcommittee on Investigations released a voluminous 370-page report on the use of off-shore trusts and shell corporations by American billionaires to avoid taxes. The report highlights the off-shore and tax-dodging activities of the notorious Bush billionaire contributors -- Sam and Charles Wyly, also known as the "Wyly Brothers." The Wylys, who came to prominence as the financial backers of various 527 political action committees in the 2000 and 2004 elections (the anti-John McCain Republicans for Clean Air in 2000 and Swift Boat Veterans for Truth in 2004), developed a series of 58 interlocking trusts and and shell corporations that maximized stock options and warrants to make huge profits and avoid taxes. The tax avoidance contrivances were used between 1994 and 2004.
Several facts brought out in the Senate report are noteworthy. One is the decision by Sam Wyly in December 2000 to withdraw annuity assets in a Cayman Islands trust associated with the Bermuda-based Scottish Re Group, the global reinsurance company. Nine months later, reinsurance companies were left holding the bag for the 9/11 terrorist attacks. In September 2000, the assets of two Wyly trusts, Lake Providence International Trust and Castle Creek International Trust, an Isle of Man entity, were valued at $75 million. The Senate report also states that by June 2001, three months before the 9/11 attacks, the Wylys had completely divested themselves of Scottish Re shares: "After the Wylys decided to withdraw from Scottish Re, the Wyly-related offshore entities began to sell their shares. Ms. Boucher [Michelle Boucher, a Cayman Islands accountant and Canadian citizen who was also a senior Vice President and Chief Financial Officer of Scottish Annuity and Life Holdings, a Wyly Cayman Islands corporation] kept Sam and Evan Wyly [Evan is Sam's son] informed about these sales. In addition, by June 2001, Maverick [Maverick Capital Ltd., a Wyly family $8 billion hedge fund] sold virtually all of the Scottish shares it had purchased."
As the the revelations about the Wylys' dodgy investments in Scottish Re Group were made public in the Senate report, the company's second quarter losses were pegged at $130 million and the firm's stock plunged by 82 percent. After this news broke, Scottish Re's chief executive officer Scott Willkomm resigned.
The Senate report also identifies Winston Thayer Capital Partners as an investor in the Wyly off-shore trust network. Winston Partners is co-owned by George W. Bush's brother Marvin Bush and Marvin's longtime friend Scott Andrews. Winston Thayer Capital Partners is a joint venture with Thayer Capital Partners, which is owned by G.O.P. political majordomo Fred Malek. Until 2000, Marvin Bush sat on the board of Stratesec, the company that had security contracts for the World Trade Center. After leaving Stratesec, Marvin joined the board of HCC Insurance, a World Trade Center insurer.
Maverick Capital is linked to the University of Texas Investment Management Company (UTIMCO), which under the direction of Wyly and George W. Bush friend and partner Tom Hicks (Hicks purchased the Texas Rangers from Bush in a lucrative deal that made Bush several millions of dollars -- Hicks is also co-owned of Clear Channel Communications), invested university public funds in Maverick Capital, the Carlyle Group, Bass Brothers Enterprises (an investor in Harken Energy, on whose board George W. Bush sat), and Perot Systems Corp. (owned by H. Ross Perot). University of Texas Regent and UTIMCO board member, former Texas GOP Rep. and George W. Bush crony Tom Loeffler, also backed the UTIMCO investments in Maverick Capital.
The Senate investigation of the Wylys points out how the Bush family and their cronies use off-shore tax havens, shell and "folding tent" corporations, and tax loopholes to fund their political and covert intelligence adventures. The editor pointed out that an Isle of Man entity called Five Star Trust was used to fund the covert vote rigging operations that engineered the 2004 presidential election. The Senate subcommittee is now unearthing the mechanisms by which the Republicans use tax free money to pay for their "black ops" without leaving electronic trails thus ensuring "plausible deniability."
*Bush cartel finances: Senate report reveals interwoven off-shore tax shelters in Cayman Islands and Isle of Man.*
The Senate report resembles a spaghetti-like interconnection of off-shore trusts and companies. In just a few pages of the report, the following entities involved with the Wyly operation are referenced: Tremont Advisers (Bermuda); Life Invest Opportunity Fund; Scottish Annuity and Life Holdings; Green Mountain Energy Company (Delaware); Green Mountain Energy Resources LLC; Greemontain.com Company; GMP Holdings Ltd (Cayman Islands); Green Funding I LLC (GFI) (Delaware); Green Funding II LLC (GFII); Audobon, Soulieana, Maverick Fund LDC; Elegance (Isle of Man); Devotion (Isle of Man); Dortmund (Isle of Man); Greenbriar (Isle of Man); Little Woody (Isle of Man); Locke (Isle of Man); Morehouse (Isle of Man); Richland (Isle of Man); Roaring Creek (Isle of Man); Roaring Fork (Isle of Man); Rugosa (Isle of Man); Maverick USA Corp (Delaware); EB&M Holdings (Cayman Islands); Moberly Ltd. (Isle of Man); Trident; Bessie Trust; Irish Trust (Cayman Islands); Edinburgh (Cayman Islands); Wiggins & Co. (British Virgin Islands); International Management Services (Cayman Islands); Precept International; Ranger; Two Mile Ranch; Cottonwoods; Bulldog; and Delhi.
In a November 1, 2001 sent from Michelle Boucher in the Cayman Islands to suggests various company names for future Wyly off-shore contrivances: Katy Ltd., Katherine Ltd., Abmahi Ltd., Minerva Ltd., Cleland Ltd., Armstrong Ltd., Balch Ltd., Parker Ltd., Irwin Ltd., and Flowers Ltd.
Aug. 5/6, 2006 -- Meet another Marvin in the Bush family tree. Although we know that George W. Bush's brother Marvin is up to his neck in dubious business deals and the strange death of his housekeeper, who was said to have been run over by her own driverless SUV in Marvin's driveway and killed, it is interesting to point to another Marvin in the Bush family -- matriarch Barbara Bush's father Marvin Pierce. Pierce was the publisher of McCall's and Redbook magazines. He married Pauline Robinson in 1918. Pauline's father had served on the Ohio Supreme Court. One of Marvin's ancestors, third cousin, three times removed, was President Franklin Pierce. The Pierces had three children, Barbara being the youngest. On September 19, 1949, Marvin was driving to the Rye, New York train station when he said he reached over to prevent a cup of hot coffee from sliding across the seat and scolding Pauline who was supposedly in the passenger's seat. Marvin said he lost control of the vehicle causing it to crash into a stone wall. Pauline was killed instantly. WMR has spoken to a researcher who read the original newspaper stories about the incident. The journalists who covered the story did not exactly buy Marvin's story -- citing the fact that he walked away relatively unscathed, the all-important coffee cup was unbroken, but Pauline was killed from fracturing her skull on the windshield. In June 1952, Marvin Pierce married Associated Press reporter Willa Martin.
Barbara Bush never attended her mother's funeral. According to Kitty Kelley's well-researched tome on the Bushes, "The Family," George H.W. Bush wrote the following to his friend Gerry Bemiss on October 21, 1949: "Did you know Bar's mother was killed in an auto accident 3 weeks ago while driving Mr. Pierce to the station?" Apparently, just like with Marvin Bush's maid story, the Bushes could not keep the story straight. Newspaper accounts stated that Marvin was driving the car, George H.W. Bush reports to a friend that Pauline was driving Mr. Pierce.
[Marvin Pierce (l.) and Pauline Pierce with George W. Bush (r.). Questions remain about the circumstances of George W. Bush's grandmother's death in 1949.]
Rye, New York would figure into another bizarre Bush tale. On October 11, 1953, after Barbara and George W. Bush's almost-four-year old daughter Robin died of leukemia. After they witnessed their young daughter's death, they left Sloan Kettering Hospital in Manhattan to go golfing in Rye. There was never a funeral for Robin -- the Bushes had donated her organs to Sloan Kettering for research. Later, George H.W. Bush's mother, Dorothy, took it upon her own to have Robin's remains buried in the Bush cemetery plot in Greenwich, Connecticut. Barbara and George did not attend the funeral service.
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