Questions Linger About Bushes and BCCI
Analysis by Lucy Komisar*
04/05/07 -- -- NEW YORK, Apr 4 (IPS) - Now that the U.S. Congress is investigating the truth of President George W. Bush's statements about the Iraq war, they might look into one of his most startling assertions: that there was a link between Saddam Hussein and Osama bin Laden.
Critics dismissed that as an invention. They were wrong. There was a link, but not the one Bush was selling. The link between Hussein and Bin Laden was their banker, BCCI. But the link went beyond the dictator and the jihadist -- it passed through Saudi Arabia and stretched all the way to George W. Bush and his father.
BCCI was the Bank of Credit and Commerce International, a dirty offshore bank that then-president Ronald Reagan's Central Intelligence Agency used to run guns to Hussein, finance Osama bin Laden, move money in the illegal Iran-Contra operation and carry out other "agency" black ops. The Bushes also benefited privately; one of the bank's largest Saudi investors helped bail out George W. Bush's troubled oil investments.
Sounds like Little Georgie is following in the footsteps of his father, Bush the Elder, who helped cover-up the huge Savings & Loan scandal that soaked the American taxpayers for nearly 500 billion dollars, some of which made into the Bush family fortune.
And following his grandaddy, who helped finance the rise of Hitler. The Bush family also profited off the misery caused by WW II, since investing in Hitler's war machine was lucrative. So lucrative that the FBI had to finally close down his Union Banking Corporation for its extensive dealings with the Nazi's during WW II.
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