Bankers or Oil companies: Who has more influence?
Did the U.S. presidents consult with bank presidents before setting international policies? Did the big bankers act as advisors to the Presidents?
If so, would that make the presidents partners of the banks?
Which banks had the biggest influence on government, if any? Does anybody know anything about this?
- Anonymous1 decade agoFavorite Answer
It's all complicated, and meant to be; heres a sample:
George W. Bush's brother was on the board of directors of a company providing electronic security for the World Trade Center, Dulles International Airport and United Airlines, according to public records. The company was backed by an investment firm, the Kuwait-American Corp., also linked for years to the Bush family. ( World Trade Center = Twin Towers)
The security company, formerly named Securacom and now named Stratesec, is in Sterling, Va.. Its CEO, Barry McDaniel, said the company had a ``completion contract" to handle some of the security at the World Trade Center ``up to the day the buildings fell down."
It also had a three-year contract to maintain electronic security systems at Dulles Airport, according to a Dulles contracting official. Securacom/Stratesec also handled some security for United Airlines in the 1990s, according to McDaniel, but it had been completed before his arriving on the board in 1998.
McDaniel confirmed that the company has security contracts with the Department of Defense, including the U.S. Army, but did not detail the nature of the work, citing security concerns. It has an ongoing line with the General Services Administration - meaning that its bids for contracts are noncompetitive - and also did security work for the Los Alamos laboratory before 1998.
Marvin P. Bush, the president's youngest brother, was a director at Stratesec from 1993 to fiscal year 2000. But the White House has not publicly disclosed Bush connections in any of its responses to 9/11, nor has it mentioned that another Bush-linked business had done security work for the facilities attacked.
Marvin Bush joined Securacom when it was capitalized by the Kuwait-American Corporation, a private investment firm in D.C. that was the security company's major investor, sometimes holding a controlling interest. Marvin Bush has not responded to telephone calls and e-mails for comment.
KuwAm has been linked to the Bush family financially since the Gulf War. One of its principals and a member of the Kuwaiti royal family, Mishal Yousef Saud al Sabah, served on the board of Stratesec.
The managing director at KuwAm, Wirt D. Walker III, was also a principal at Stratesec, and Walker, Marvin Bush and al Sabah are listed in SEC filings as significant shareholders in both companies during that period.
Marvin Bush's last year on the board at Stratesec coincided with his first year on the board of HCC Insurance, formerly Houston Casualty Co., one of the insurance carriers for the WTC. He left the HCC board in November 2002.
But none of these connections has been looked at during the extensive investigations since 9/11. McDaniel says principals and other personnel at Stratesec have not been questioned or debriefed by the FBI or other investigators. Walker declined to answer the same question regarding KuwAm, referring to the public record.
Walker is also chairman and CEO of Aviation General, a Tulsa, Okla.-based aviation company with two subsidiaries. SEC filings also show al Sabah as a principal and shareholder in Aviation General, which was recently delisted by the Nasdaq. Stratesec was delisted by the American Stock Exchange in October 2002.
The suite in which Marvin Bush was annually re-elected, according to public records, is located in the Watergate in space leased to the Saudi government. The company now holds shareholder meetings in space leased by the Kuwaiti government there. The White House has not responded to various requests for comment.
Speaking of the Watergate, Riggs National Bank, where Saudi Princess Al-Faisal had her ``Saudi money trail" bank account, has as one of its executives Jonathan Bush, an uncle of the president. The public has not learned whether Riggs - which services 95 percent of Washington's foreign embassies - will be turning over records relating to Saudi finance.
Pretty dry reading, but the entire Bush family are involved with Kuwait and Saudi Arabia.and have been for over 20 years. Oil oil oil. Osama Bin Laden is , of course, a member of the Royal family, his funding comes from them.
This is just a tiny bit of it. Cheney and Rumsfield are almost as coniving.
- tigerLv 41 decade ago
Think of the big names, for example the Bank of England work hand in hand with the UK government. In Europe, you always have the Central Bank of that country working with those governments. The president is more likely to be influenced by a big bank than the oil companies.
- Anonymous1 decade ago
Actually it is insurance company's that have the most influence on government, think about it the insurance company's own stock in both banks and oil company's
- 1 decade ago
Banks have a bigger influence than oil companies becuz ever major industry needs the banking industry.
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- Joseph, IILv 71 decade ago
That's like trying to figure out which is WORSE; scoundrels or knaves. They're in cahoots half the time anyway- so what difference does it make? All the American people care about is having enough gas to get to & from work everyday- & how many people are in the line in front of them. What the government does- they could care less.