Tag Archives: Barry Seal

S&L Crooks

Johnny Depp step aside!  This character had his character down-pat!  Korat, Thailand.

Johnny Depp step aside! Korat, Thailand.

(Excerpted from Chapter 9: The Texas Oil Mafia: Big Oil & Their Bankers…)

A decline in oil prices, which caused Texas Commerce Bank Tower to plummet in value along with the entire Houston commercial real estate market, combined with deregulation of the banking industry, exacerbated the Savings & Loan (S&L) crisis of the 1980’s which cost US taxpayers more than $500 billion. [361]  But the cause of the S&L fiasco was more sinister, involving actors from the CIA, the mafia, the drug cartels and the Texas oil business.  Houston Chronicle reporter Pete Brewton tracked the S&L crooks better than anyone and later delivered the bombshell book, The Mafia, CIA and George Bush: The Untold Story of America’s Greatest Financial Debacle. Continue reading

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Lil’ Ol’ Airstrip In Arkansas

1993-5-garfield-ar-view-of-the-back-9-blue-mountains(Excerpted from Chapter: Nicaraguan Contraband: Big Oil & Their Bankers…)

In 1982 citizens of Mena, Arkansas began wondering why the town’s airport was experiencing an unusually high rate of nighttime landings.  Police there began to suspect drug trafficking, but were kept away from the planes by federal agents.  When cops started asking questions, they were stonewalled by federal agencies including DEA, FBI, Justice and even the IRS.  Scores of witnesses to the strange events began to show up dead. Continue reading