- Corporate records of the First National Bank of Alexandria and the First Citizens Bank of
Alexandria, 1940s to 1960s(Fairfax, Va.: George Mason University, 1983). Robi, in Polk's Bankers Directory. Clarence J. Robinson, Reminiscencesnson was the owner of the massive weapons (^)
warehouse, `` Robinson's Terminal Warehouse, '' for which Albert V. Bryan was the registered
agent. Over 100 interviews with family, friends and associates of Judge Bryan in banking,
freemasonry, armaments, Episcopal Church and other fields.
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George Bush: The Unauthorized Biography --- by Webster G. Tarpley & Anton Chaitkin
Chapter -XIX- The Leveraged Buy-out Gang
During the entire decade of the 1980's, the policies of the Reagan Bush and Bush administrations
encouraged one of the greatest paroxysms of speculation and usury that the world has ever seen.
Starting especially in the summer of 1982, aspread through all the vital organs of the banking, credit, and financial system. Capital had long malignant and cancerous mass of speculative paper
since ceased to be used for the creation of new productive plant and equipment, and new productive
manufacturing jobs; investment in transportation, power systems, education, health services and
other infrastructure declined well below thje break even level. Wall Street investors came more and
more to resemble vampires who ranged over a ghouilish landscape in search of living prey whoseblood they could suck to perpetuate their own lively form of death.
Industrial employment was out, the service sector was in. The post-industrial society meant that the
production of tangible, physical wealth, of hard commodities, within US borders was being
terminated. The future would belong to parasitical legions of lawyers, financial services experts,accountants, and clerical support personnel, but the growth in the balance of payments deficit
signalled that the game could not go on forever.
On the surface, wild speculation was the order of the day: there was the stock market boom, which
underwent a crash in 1987, butmarkets, kept rising until the Dow had passed 3,000, a then, thanks to James Brady's drugged futures and index optionslthough by that time no one could remember (^)
why it was still called the industrial average. The stock market provided the right atmosphere for a
much broader speculative boom, the one in commercial and residential real estate, which kept going
until almost the end of the decade, but which then began to crash with a vengeance. When real
estate began to implode, as in Texas at the middle of the 1980's or the northeast after 1988, sbanks and commercial banks by the scores became insolvent. Thus, by the third year of the Bushavings
administration, a bankrupt savings and loan was being seized by federal regulators on almost every
business day, and Congressman Dingell of Michigan had to announce that Citibank, still the largest
bank in the USA, was indeed "technically" bankrupt. Depositors in Hong Kong started a run on the
Citibank branch there; their US counterparts were slower to react, perhaps because deluded by thepathetic faith that the Federal Deposit Insurance Corporation could still cover their deposits.
Even more fundamental than speculation was the absolute primacy of debt. During the Reagan and
Bush years, unprecedented federal defecits pushed the public debt of the United States into the
ionosphere, with the total almost quadrupling over a little more than ten years to approach thefantastic total of $3.25 thousand billion. In 1989, it was estimated that total debt claims in the US (^)
economy had attained almost $25 thousand billion, and their total has increased exponentially ever
since. The debt of state and local governments, corporate debt, consumer debt --all expanded into
the wild blue yonder. In the meantime, the Great Lakes industrial region became the rust bowl, the
Sun belt oil and computer booms collapsed, the great cities of the east were rotten to the core with