Marvin and George Bush at Camp
How the Bush Family Profits
from the Patriot Act
[October 23, 2003 evote.com]
There is a great deal of
money being made with the increased spending for the war on terrorism
and the Bush family is cashing in. The Patriot Act is bad news for the
privacy of Americans, but bad news always has a silver lining. In this
case it might be a gold lining... for the Bush brothers, at least.
In 1993 after the first Gulf War, Seymour M. Hersh penned an
influential New Yorker article that detailed how Marvin and Neil, two
sons of former President Bush, tried to exploit Kuwait’s sense of
gratitude toward the president to gain business advantages. It details
how the brothers flew to Kuwait where Neil was involved with two
privately held Houston oil-equipment firms that attempted to do business
with the country. Neil also made an attempt to convince Kuwaitis to
permit him to share in the large management fees that Enron (remember
Enron?) would be paid to operate power plants within the country, if the
company’s consortium obtained a contract to do so.
Marvin sought contracts connected to an electronic security fence
than was part of Kuwait’s early warning defense system. He was seeking
business with the Ministry of Electricity and Water too. President
Bush’s Secretary of State James Baker, White House Chief of Staff John
Sununu and the director of operations for the Joint Chiefs of Staff
during the Persian Gulf War, Army Lieutenant General Thomas Kelly, also
sought Kuwaiti business for personal gain. Obviously the Bushes surround
themselves with really smart folks.
And according to a website called the Information Clearing House, in
January of 1998 Marvin was appointed to the Board of Directors of the
Fresh Del Monte Produce Inc., headquartered in Coral Gables, Florida.
Del Monte is owned by the Abu-Ghazaleh family of Kuwait. A major Bush
fundraiser, Stephen L. Way was also on the board. Way is also the
Chairman of the Board and Chief Executive Officer of HCC Insurance
Holdings, Inc., of Houston, Texas. In 2000 Marvin became a member of the
board of directors of HCC. He then purchased about $130,000 of HCC stock
which increased to about $600,000 within a year.
And when Saddam Hussein invaded Kuwait in 1990, the Saudis next door
felt threatened. After leaving office, President Bush became a
consultant for the Carlyle group, a Washington, DC headquartered
investment firm with billions in defense holdings. Both Saudi Prince
Bandar and members of the Bin Laden family were investors in the Carlyle
Group. President Bush number two also had indirect business involvement
with Salem Bin Laden, the brother of Osama, in the 1970s with an oil
company he created called Arbusto. In this, the former President can
only be charged with pulling off a nice career segue.
After September 11, President Bush opposed the creation of a commission
to investigate the attacks, but he reluctantly agreed. Later the
president tried to block the investigative body from doing its job by
stonewalling it on the evidence it sought. Shortly after the attacks,
the Carlyle Group returned the millions the Bin Ladens had invested, and
asked them to end their association with the company.
Although it was ostensibly legal for the Bushes of Arabia to seek a
fortune rebuilding Kuwait and investing with the Saudis, a country where
a plurality of the airline hijackers were natives, it is nonetheless
unseemly for the president and his kith and kin to seek a profit from
his policies. They hoped the public would be shielded from knowing their
black business dealings.
But the black dealings of the Bushes have continued up until today.
And they are hoping their weapons of mass deception will keep the public
uninformed, as the mainstream media has yet to jump on this horse.
Except the public does have their own weapon of information--and her
name is Margie Burns.
This woman is a Washington, DC based free-lance writer who wrote
about Marvin Bush with the effort of an attack dog for a little known
web site called the Progressive Populist (www.populist.com). Writing
with an unusually high amount of detail and research, Burns details how
Marvin is profiting from his older brother’s policies.
Bush meets with Saudi Crown Prince
The Patriot Act
Provides a Windfall
Marvin Bush’s windfall is the creation of the USA Patriot Act, or the
Uniting and Strengthening America by Providing Appropriate Tools
Required to Intercept and Obstruct Terrorism Act. The act requires banks
to process information on their customers so as to cull out suspected
well-funded terrorists who may be laundering money. And to comply with
the Patriot Act, banks must obtain computer systems, which other
companies sell, that allow them to get to know their customers better.
Which, in turn, allows the government to get to know you better. Alot
This is where the Bush brother comes in, according to Burns.
Marvin P. is partner and co-founder of Alexandria, VA-based Winston
Partners, a private investment firm that is part of a larger venture
capital entity called the Chatterjee Group based in India. This larger
VC firm also consists of Winston Partners II LDC, headquartered in the
Cayman Islands where many American firms locate to avoid U.S. taxes. And
because Marvin looks out for his kin, Florida Governor Jeb Bush is also
an investor in the Winston Capital Fund.
The Chatterjee Group, including Winston Partners (Marvin’s firm),
owned in 2002 5.5 million shares in a California company called Sybase
Inc., which does not include thousands of shares that have been paid to
Chatterjee businesses. (On Oct 16 2003 it was valued at $18.20 per
share.) Sybase is one of the “most aggressive” companies in selling the
necessary technology to help banks comply with President Bush’s Patriot
Act. One of its customers is the Japanese Sumitomo Mitsui Bank.
“Business for Sybase is business for Bush, and the Patriot Act boosted
business,” states Burns. No kidding.
And Sybase also peddles significantly to the government, with the
federal procurement database listing its total awards for 2001 at $14.7
million. This includes $2.9 million to the Navy, $1.8 million to the
Army and $5.3 million to the Defense Department in 2001. Marvin Bush’s
Sybase also sold to the Agriculture Department, Commerce, Treasury, and
General Services Administration. And we have not even mentioned Amsec
Corporation of Virginia Beach, VA, another Winston Partners’ company
that snagged Navy contracts worth $37.7 million in 2001.
It's good to be a Bush Brother!
Lots of Profit
for a Select Group
Life can be good when your brother controls the reigns. It can also be
good when your friend controls the reigns, as in the well-publicized
case of Vice President Dick Cheney. Fellow oil-man and Bush-buddy Cheney
is still getting a regular check from his former employer, Halliburton
of Houston, Texas. Halliburton obtained a no-bid contract for work in
Iraq worth billions, and has recently come under attack by congressional
leaders for overcharging the United States Army for gasoline. Iraqis pay
at the pump between four and 15 cents per gallon, with the average
Middle Eastern price being 71 cents. But Cheney’s Halliburton is
charging America $1.62 per gallon.
Nothing like a no-bid government contract to bring out the smiles.
And why is this no-bid agreement legal when virtually every single
government contract is required to be put out to bid?
In a January 2003 article Burns states that William H.T. (Bucky)
Bush, the brother of the first President Bush, is on the Board of
Directors of a company that will “benefit substantially from the war
with Iraq,” according to financial analysts. Engineered Support Systems
of St. Louis was listed 54th in the Department of Defense’s top 100
contractors for fiscal year 2001. It received about $300 million in
military contracts in 2001.
“The potential for waste and abuse here can hardly be overstated,”
states Burns. “A branch of the military or other government agency that
risked funding cutbacks, for example, could throw up a buffer by
awarding a contract benefiting the First Family. Why spend money on a
lobbyist when you might have one in the White House.”
Now that we Americans are subject to government agents finding out
what we read in libraries and who we associate with, it's nice that with
a little research average Americans can find out who the Bushes are
associating with. If EVOTE.COM wanted to setup a Sybase IQ server to
start a Bush family associations database we could probably do that for
about $30k to start. We'll drop a line to Marvin Bush, maybe he can get
us a discount.
[John Pike is a
veteran journalist based in Boston. His articles have appeared in
numerous magazines, newspapers and websites, including the Boston Globe,
Reason Magazine and Insight Magazine.]