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User loginNavigation![]() "The 35 Articles of Impeachment and the Case for Prosecuting George W. Bush" is available for $12; a free downloadable PDF is also available. |
The Riggs Bank Scandal: Pinochet, the CIA, Saudis, 9/11...and...Jonathan Bush!Speaking of Bush scandals...here's my personal favorite of the last four years -- the Riggs Bank scandal. Jack Shafer has written some recent articles about Riggs Bank's long relationship with the CIA (going back to the Bay of Pigs, and later, a CIA operation in Iran), based on an investigation by Wall Street Journal writer Glenn Simpson. (See "The CIA and Riggs Bank: A Wall Street Journal story that the press gang should chase" and "The Spook Bank") Most articles about Riggs focus on the Pinochet accounts, but downplay the Saudi accounts -- and outright ignore the 9/11 connection. And of course, these articles almost never mention that Uncle Jonathan Bush is a top Riggs executive. Back when we wrote our "Top Bush Scandals of 2003", we included this mention of Riggs Bank under our #4 scandal, "The 9/11 Coverup".
For more about Riggs Bank, enter "riggs" at our old search engine. IMHO, this really is THE great ignored scandal of the last four years. Have you ever heard it mentioned on the Nightly News???
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riggs bank
Riggs bank was also the depository of choice for Equatorial Guinea dictator Teodoro Obiang Nguema, who stuffed $700 million of his country's oil money into Riggs while his fellow citizens lived on less than a dollar a day. He also broadcast demonstrations of murder and torture on state-run television to frighten any potential enemies. The bank is now defunct, having been bought out by PNC bank in 2005. Check Riggs Bank on wikipedia.