September 5, 2008 / by emptywheel

 

John Bush’s Son’s Bank Just Failed

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The FDIC just declared Silver State Bank in Nevada a failure (h/t this DKos diary).

From February to July, Andrew McCain, son of Presidential candidate John Bush, served on the Audit Committee of Silver State. Under Andrew McCain’s guidance, the bank lost $73 million. Now, along with serving as foster parents for troubled siblings Fannie and Freddie, you and I are going to have to insure the savings of Silver State’s depositors.

No wonder Tom Ridge can’t tell the Bushes and McCains apart.

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Originally Posted @ https://www.emptywheel.net/2008/09/05/john-bushs-sons-bank-just-failed/