Two decades ago, the Bank of Credit and Commerce International (BCCI) was a highly respected financial titan. In 1987, when its subsidiary helped finance a deal involving Texas oilman George W. Bush, the bank appeared to be a reputable institution, with attractive branch offices, a traveler's check business, and a solid reputation for financing international trade. It had high-powered allies in Washington and boasted relationships with respected figures around the world.
All that changed in early 1988, when John Kerry, then a young senator from Massachusetts, decided to probe the finances of Latin American drug cartels. Over the next three years, Kerry fought against intense opposition from vested interests at home and abroad, from senior members of his own party; and from the Reagan and Bush administrations, none of whom were eager to see him succeed.
By the end, Kerry had helped dismantle a massive criminal enterprise and exposed the infrastructure of BCCI and its affiliated institutions, a web that law enforcement officials today acknowledge would become a model for international terrorist financing. As Kerry's investigation revealed in the late 1980s and early 1990s, BCCI was interested in more than just enriching its clients--it had a fundamentally anti-Western mission. Among the stated goals of its Pakistani founder were to "fight the evil influence of the West," and finance Muslim terrorist organizations. In retrospect, Kerry's investigation had uncovered an institution at the fulcrum of America's first great post-Cold War security challenge.
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Kerry's record in the BCCI affair, of course, contrasts sharply with Bush's. The current president's career as an oilman was always marked by the kind of insider cronyism that Kerry resisted. Even more startling, as a director of Texas-based Harken Energy, Bush himself did business with BCCI-connected institutions almost at the same time Kerry was fighting the bank. As The Wall Street Journal reported in 1991, there was a "mosaic of BCCI connections surrounding [Harken] since George W. Bush came on board."
Did you catch that? As The Wall Street Journal reported in 1991, there was a "mosaic of BCCI connections surrounding [Harken] since George W. Bush came on board."
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Americans, whose rising distress
in our leader's decisions brought us together to make this site.
As Bush said, he's a "uniter." Many of us have never even met.
That's the internet for you.
"To announce that there must be no criticism of the
president, or that we are to stand by the president, right or wrong, is
not only unpatriotic and servile, but is morally treasonable to the
American people."
- Teddy Roosevelt
"Government has a final responsibility for the well-being of
its citizenship. If private cooperative endeavor fails to provide work
for willing hands and relief for the unfortunate, those suffering
hardship from no fault of their own have a right to call upon the
Government for aid; and a government worthy of its name must make
fitting response."
- Franklin Delano Roosevelt
"I am not an advocate for frequent changes in laws and Constitutions, but laws must and institutions must go hand in hand with the progress of the human mind. As that becomes more developed, more enlightened, as new discoveries are made, new truths discovered and manners and opinions change, with the change of circumstances, institutions must advance also to keep pace with the times. We might as well require a man to wear still the coat which fitted him when a boy as civilized society to remain ever under the regimen of their barbarous ancestors."
- Thomas Jefferson
"The means of defense against foreign danger historically have become the instruments of tyranny at home."
"All men having power ought to be distrusted to a certain
degree."
- James Madison
"I believe in human dignity as the source of national purpose, in human liberty as the source of national action, in the human heart as the source of national compassion, and in the human mind as the source of our invention and our ideas. It is, I believe, the faith in our fellow citizens as individuals and as people that lies at the heart of the liberal faith. For liberalism is not so much a party creed or set of fixed platform promises as it is an attitude of mind and heart, a faith in man's ability through the experiences of his reason and judgment to increase for himself and his fellow men the amount of justice and freedom and brotherhood which all human life deserves." - John F. Kennedy
"Should any political party attempt to abolish social security, unemployment insurance, and eliminate labor laws and farm programs, you would not hear of that party again in our political history. There is a tiny splinter group, of course, that believes you can do these things. Among them are [a] few other Texas oil millionaires, and an occasional politician or business man from other areas. Their number is negligible and they are stupid."
- Dwight D. Eisenhower
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