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November 2003, Week 4

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From:
Wirt Atmar <[log in to unmask]>
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Date:
Wed, 26 Nov 2003 13:48:22 EST
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If you're going to run for President of the United States, first check and
make sure that you don't have any brothers or sisters:

======================================

Business Deals, Sex Romps in Neil Bush Deposition
Divorce Proceedings Shed Light on Life of President's Younger Brother
By Jeff Franks, Reuters

HOUSTON (Nov 25) - Neil Bush, younger brother of President George W. Bush,
detailed lucrative business deals and admitted to engaging in sex romps with
women in Asia in a deposition taken in March as part of his divorce from now
ex-wife Sharon Bush.

According to legal documents disclosed on Tuesday, Sharon Bush's lawyers
questioned Neil Bush closely about the deals, especially a contract with Grace
Semiconductor Manufacturing Corp., a firm backed by Jiang Mianheng, the son of
former Chinese President Jiang Zemin, that would pay him $2 million in stock
over five years.

Marshall Davis Brown, lawyer for Sharon Bush, expressed bewilderment at why
Grace would want Bush and at such a high price since he knew little about the
semiconductor business.

"You have absolutely no educational background in semiconductors do you?"
asked Brown.

"That's correct," Bush, 48, responded in the March 4 deposition, a transcript
of which was read by Reuters after the Houston Chronicle first reported on
the documents.

"And you have absolutely over the last 10, 15, 20 years not a lot of
demonstrable business experience that would bring about a company investing $2 million
in you?"

"I personally would object to the assumption that they're investing $2
million in me," said Bush, who went on to explain that he knew a lot about business
and had been working in Asia for years.

Bush, who inked the Grace deal in August 2002, said he had not yet received
any stock from the company, which built a plant in Shanghai that began
production in September. He is supposed to consult for the company and be on the board
of directors, he said.

He said he joined the Grace board at the request of Winston Wong, a
co-founder of the company and the son of Wang Yung-ching, the chairman of Taiwan's
largest business group, Formosa Plastics Corp. Bush never mentioned Jiang Mianheng
in the deposition.

Wong, he said, also is an investor in his latest venture, Ignite!, an Austin,
Texas, educational software firm.

A representative at Grace's U.S. office in California had no comment on the
Bush contract.

Brown questioned Bush about numerous other business ventures that paid him
well to be a consultant and fundraiser, and, in at least one case, for little
work.

Bush said he was co-chairman of Crest Investment Corporation, but worked only
an average of three to four hours a week. For that, he received $15,000 every
three months.

Bush said he provided Crest "miscellaneous consulting services."

"Such as?" asked Brown.

"Such as answering phone calls when Jamail Daniel, the other co-chairman,
called and asked for advice," Bush said.

Bush did not return calls to his Ignite! office and his divorce lawyer, Rick
Flowers, was not available for comment.

Bush is the third of five children in the family of former President George
Bush and wife Barbara.

He was involved in a business controversy in the late 1980s when he was
director of Denver, Colorado-based Silverado Savings & Loan, which collapsed at a
cost to taxpayers of $1 billion.

He denied any wrongdoing, but was sanctioned by the federal government for
his part in the failure.

The Bush divorce, completed in April after 23 years of marriage, was prompted
in part by Bush's relationship with another woman. He admitted in the
deposition that he previously had sex with several other women while on trips to
Thailand and Hong Kong at least five years ago.

The women, he said, simply knocked on the door of his hotel room, entered and
had sex with him. He said he did not know if they were prostitutes because
they never asked for money and he did not pay them.

"Mr Bush, you have to admit it's a pretty remarkable thing for a man just to
go to a hotel room door and open it and have a woman standing there and have
sex with her," Brown said.

"It was very unusual," Bush said.

Other presidential siblings of the past have generated controversy, among
them Billy Carter, who marketed "Billy Beer" to cash in on brother Jimmy's
presidency, and more recently Roger Clinton, who was accused of trying to broker
pardons at the end of President Bill Clinton's administration.

========================================

Wirt Atmar

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