From§Each

Page G1From§Each17 October 2026

The Funnies

The Family Octagon

the chair, not the family · a serial panel, Sundays · the story so far

The Allowance Uncle Neil’s bank lost $1.6 billion. He paid $50,000 of it back, and everybody else in the country is chipping in for the rest. May 30, 1991 · March 27, 1992 · UPI, May 30, 1991 · The Washington Post, March 27, 1992 · the regulators’ finding, with its sources · By Otis · Photo: Walter Smalling Jr., Historic American Buildings Survey — Library of Congress, public domain (a savings and loan, Miami Beach) One point six billion dollars. The thrift goes under with the President’s son on the board, the regulators put “multiple conflicts of interest” in the file, and his share of the settlement is fifty thousand dollars. Fifty. Thousand. That’s an allowance. That’s a kid who drove the Buick into the lake and is paying it off mowing the lawn — except the lake is other people’s money and the Buick is a bank. Fifty thousand against one point six billion is three thousandths of one percent. You couldn’t tip that low at a diner without getting followed to the car.
the facts UPI, May 30, 1991: Neil Bush and ten other former officials of Silverado agreed to a $49.5 million settlement with the FDIC; “Bailing out Silverado is expected to cost taxpayers $1.6 billion.” The Washington Post, March 27, 1992: “Pact Costs Neil Bush $50,000.” The Office of Thrift Supervision found “breaches of his fiduciary duties involving multiple conflicts of interest.”