Walter Mischer person
also: Walter Mischer, Mischer, Walter
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Related entities (most co-mentioned)
Allied Bankorganization · 30Houstonplace · 29Robert Corsonperson · 21Herman Beebeperson · 18CIAintelligence service · 17George H.W. Bushperson · 15Raymond Hillperson · 11Odessa, Texasplace · 9Lloyd Bentsenperson · 8Mainland Savingsorganization · 7George Corsonperson · 7Belizecountry · 6Paula Michenerperson · 6Continental Savingsorganization · 5Texascountry · 5Morris Jaffeperson · 5Jack Trotterperson · 4Neil Bushperson · 4Mike Adkinsonperson · 4Ben Barnesperson · 4Savings and loan crisisevent · 4Surety Savingsorganization · 4Richard Benenkeperson · 4Kappa Sigmaorganization · 4
Claims (58)
Walter Mischer headed
Allied Bank documented
“approaching $10 billion. He had more than 40 subsidiaries across Texas. He was the largest stockholder of the bank with 5% of the common shares and was chairman of the holding company, Allied Bank Shares. When he sold out in 1988 to First I…”
▶ The Colonel’s Corner Mafia, CIA and George Bush Part 2 @ 39:05
Walter Mischer member_of
Texas Deepwater Port Authority book_quoted
“Texas Deepwater Port Authority in 78, which is very important in Houston. He was also appointed to the governor's task force on water resource use and conservation later on. Michener had no problem promoting Democrat Mark White and Republic…”
▶ The Colonel’s Corner Mafia, CIA and George Bush Part 2 @ 9:59
Gus Mutscher appointed
Walter Mischer documented
“Stark got caught and pled guilty and took a bunch of Texas politicians down with him. One of the politicians was the Speaker of the Texas House of Representatives, Gus Mutchner, who was convicted of taking a bribe. In 1970, a year before th…”
▶ The Colonel’s Corner Mafia, CIA and George Bush Part 2 @ 45:21
Walter Mischer financed_via
Ben Barnes documented
“Although he wasn't directly implicated, he was tarred by the whole scandal and defeated in the 1972 Democratic primary for governor. Barnes was Michener's boy. Not only did Michener support him politically, he loaned him money for business …”
▶ The Colonel’s Corner Mafia, CIA and George Bush Part 2 @ 46:55
Pat Katz exposed
Walter Mischer book_quoted
“reminisced about how Michener advised him not to run for governor in 70, but wait until 72, which turned out to be a fatal mistake because he lost the election. Many of the details of the Sharpsdale story was written about in a book called …”
▶ The Colonel’s Corner Mafia, CIA and George Bush Part 2 @ 47:22
TMC Funding owned_by
Walter Mischer host_asserted
“and immediately got involved in all of these shenanigans. One of the first loans Parker made was to Enchanted Oaks Joint Venture, which was comprised of TMC Funding, a Michener company, of course, and two other of Michener's associates, inc…”
▶ The Colonel’s Corner-The Mafia, CIA & George Bush Part 7 @ 20:35
Robert Corson associate_of
Walter Mischer host_asserted
“and immediately got involved in all of these shenanigans. One of the first loans Parker made was to Enchanted Oaks Joint Venture, which was comprised of TMC Funding, a Michener company, of course, and two other of Michener's associates, inc…”
▶ The Colonel’s Corner-The Mafia, CIA & George Bush Part 7 @ 20:35
Walter Mischer loaned_to
Enchanted Oaks Joint Venture host_asserted
“and refinanced an earlier loan of half that amount. That earlier loan had been made by Michener himself at his allied Spring Bank. Teamster Union deposits began to flow into Surety, which was buying certificates of deposit at Beebe's Bossie…”
▶ The Colonel’s Corner-The Mafia, CIA & George Bush Part 7 @ 21:07
Ben Barnes member_of
Walter Mischer book_quoted
“He was a very close associate of Herman Beebe and Walter Michener. And when asked about whether or not they knew each other, Ben Barnes was like, I don't even know if they knew each other, which of course they did. So when the author interv…”
▶ The Colonel’s Corner The Mafia, CIA, & George Bush Part Part @ 3:58
Walter Mischer secretly_owned
Allied Bank book_quoted
“And it was about that time that Allied had some 40 banks across Texas. Allied meaning Michener. Anytime Beebe got control of a financial institution, he would require borrowers of that institution to purchase credit-like insurance from his …”
▶ The Colonel’s Corner The Mafia, CIA, & George Bush Part Part @ 8:13
Walter Mischer financed_via
Carol Kelly book_quoted
“One of the savings and loan stock loans at Allied Bank was to Carol Kelly at Continental Savings. It had a guarantee from Bebe. Nearby San Jacinto Savings, a Houston-based subsidiary of Southmark Corporation, gladly accepted the loan from A…”
▶ The Colonel’s Corner The Mafia, CIA, & George Bush Part Part @ 12:46
Walter Mischer financed_via
Oak Cliff Stallion book_quoted
“Walter Michener, who owns Allied Bank, and Gene Phillips were investors together in a development program called Oak Cliff Stallion. There were 10 partners in this syndicate, each with one 20th interest in 13 thoroughbred colts, including b…”
▶ The Colonel’s Corner The Mafia, CIA, & George Bush Part Part @ 15:48
Raymond Hill financed_via
Walter Mischer book_quoted
“his little savings and loan up to the big time. He bought a huge Spanish Mediterranean style building with a clock tower in the area that was purchased from none other than Walter Michener. It was not known then, but Hill and Michener had m…”
▶ The Colonel’s Corner The Mafia, CIA, & George Bush Part Part @ 20:49
Walter Mischer funded
Robert Corson book_quoted
“After Michener tracked down Paula and Corson living in Nevada in early 1965, several months after they had eloped to Mexico, he brought them back to Houston, where Corson was put into the real estate business by his mother and Michener. The…”
▶ The Colonel's Corner The Mafia, CIA, & George Bush Part 8 @ 7:04
Walter Mischer secretly_owned
Lajitas book_quoted
“Michener started out with 26,000 acres and eventually bought the entire town. About the only living thing around the area in 1952 were a few ranchers, prospectors, and an occasional tourist or two. They would go up to Presidio or Big Ben, b…”
▶ The Colonel's Corner The Mafia, CIA, & George Bush Part 8 @ 11:59
Michael Hoare member_of
Walter Mischer book_quoted
“the Contra and everything else. Okay, Bazarian had numerous connections to Beebe's financial circle. He was a borrower from Dixon's Vernon Savings and was involved in a small Oklahoma savings and loan with Beebe's business associate, Michae…”
▶ The Colonel’s Corner-The Mafia, CIA & George Bush Part 6 @ 22:45
Robert Corson member_of
Walter Mischer book_quoted
“Horne also did business at Ron Daly's First Savings of East Texas, which Daly was a cousin of Robert Corson, the guy that married Michener's daughter. You just can't make this shit up. Several years later, the Detroit Free Press reported th…”
▶ The Colonel’s Corner-The Mafia, CIA & George Bush Part 6 @ 23:19
Allied Bank member_of
Walter Mischer book_quoted
“Lakewood Bank, where Toller was a director, was part of Walter Michener's Allied Bank Empire. It was one of the banks listed in the 1985 Comptroller of the Currency report on Beebe as being controlled by the mafia, Beebe himself. There were…”
▶ The Colonel’s Corner-The Mafia, CIA & George Bush Part 6 @ 32:21
Walter Mischer sold
Allied Bank book_quoted
“He began after he sold his bank, Allied Bank, to another bank called First Interstate Bank. So very, very well-connected couple. Very obviously, you have the president of the United States visiting you. And deep into the politics of Houston…”
▶ The Colonel’s Corner Mafia, CIA and George Bush Part 2 @ 4:25
Walter Mischer member_of
First Continental Real Estate Investment Trust documented
“when First Interstate Bank in Los Angeles had purchased Allied. Lynch was also the chairman of First Continental Real Estate Investment Trust, a REIT, which was a real estate trust in Houston, whose director, one of the directors, was none …”
▶ The Colonel’s Corner-The Mafia, CIA & George Bush Part 7 @ 45:13
Walter Mischer headed
Allied Bank book_quoted
“At a point, Michener was adamant about. He claimed that 80% of Allied Bank loans were made to people he didn't know. When I asked him if that was true of 80% of the dollar amount, he didn't respond. So that's a lot. I'm going to stop right …”
▶ The Colonel’s Corner Mafia, CIA & George Bush Part 18 @ 1:13:24
Walter Mischer funded
Ronald Reagan book_quoted
“Primarily Democrats, but both sides of the aisle. Among the politicians that he donated to, LBJ, Ronald Reagan, John Conley. John Conley, we're going to hear that name a lot in this book, too. Preston Smith, Mark White, and Republican Bill …”
▶ The Colonel’s Corner Mafia, CIA and George Bush Part 2 @ 8:51
Walter Mischer funded
John Connally book_quoted
“Primarily Democrats, but both sides of the aisle. Among the politicians that he donated to, LBJ, Ronald Reagan, John Conley. John Conley, we're going to hear that name a lot in this book, too. Preston Smith, Mark White, and Republican Bill …”
▶ The Colonel’s Corner Mafia, CIA and George Bush Part 2 @ 8:51
Walter Mischer funded
Preston Smith book_quoted
“Primarily Democrats, but both sides of the aisle. Among the politicians that he donated to, LBJ, Ronald Reagan, John Conley. John Conley, we're going to hear that name a lot in this book, too. Preston Smith, Mark White, and Republican Bill …”
▶ The Colonel’s Corner Mafia, CIA and George Bush Part 2 @ 8:51
Walter Mischer funded
Mark Whitaker book_quoted
“Primarily Democrats, but both sides of the aisle. Among the politicians that he donated to, LBJ, Ronald Reagan, John Conley. John Conley, we're going to hear that name a lot in this book, too. Preston Smith, Mark White, and Republican Bill …”
▶ The Colonel’s Corner Mafia, CIA and George Bush Part 2 @ 8:51
Walter Mischer funded
Bill Clements book_quoted
“Primarily Democrats, but both sides of the aisle. Among the politicians that he donated to, LBJ, Ronald Reagan, John Conley. John Conley, we're going to hear that name a lot in this book, too. Preston Smith, Mark White, and Republican Bill …”
▶ The Colonel’s Corner Mafia, CIA and George Bush Part 2 @ 8:51
Walter Mischer funded
Ann Richards book_quoted
“Primarily Democrats, but both sides of the aisle. Among the politicians that he donated to, LBJ, Ronald Reagan, John Conley. John Conley, we're going to hear that name a lot in this book, too. Preston Smith, Mark White, and Republican Bill …”
▶ The Colonel’s Corner Mafia, CIA and George Bush Part 2 @ 8:51
John Connally appointed
Walter Mischer book_quoted
“Every Texas governor since Conley, except Richards, had appointed Michener to some board or commission. In 1966, Conley appointed Michener to the board of Texas Department of Corrections. Now, you're going to find that really ironic as we g…”
▶ The Colonel’s Corner Mafia, CIA and George Bush Part 2 @ 9:29
Walter Mischer member_of
Department of Corrections book_quoted
“Every Texas governor since Conley, except Richards, had appointed Michener to some board or commission. In 1966, Conley appointed Michener to the board of Texas Department of Corrections. Now, you're going to find that really ironic as we g…”
▶ The Colonel’s Corner Mafia, CIA and George Bush Part 2 @ 9:29
Walter Mischer headed
Allied Bank book_quoted
“there's a little blurb here about Walter Mishner Sr., Houston developer, banker, power broker, who headed Allied Bank, Corson's former father-in-law, did business with the mafia and the CIA.…”
▶ Colonels Corner_ Mafia, CIA & GHWB Part 1 @ 35:52
Walter Mischer member_of
Harris County Commissioner Court book_quoted
“his hip pocket, with the exception of one lady by the name of Kathy Whitmire. That's going to come back later, too. He and his developer friends also controlled the Houston County Commissioner Court, which determines flood control policy an…”
▶ The Colonel’s Corner Mafia, CIA and George Bush Part 2 @ 11:16
Walter Mischer funded
Lloyd Bentsen book_quoted
“In 1988, when Benson was running as the Democratic candidate for vice president and also running to retain his Senate seat just in case they lost. That's when Dukakis was running for president. Benson's senatorial campaign headquarters was …”
▶ The Colonel’s Corner Mafia, CIA and George Bush Part 2 @ 12:51
Walter Mischer sold
Benjamin Franklin Savings book_quoted
“It says Michener sold the savings and loan in 81 before the bottom dropped out of the entire industry. That's going to be a reoccurring theme as well. In a book called Who Will Tell the People, it reported that when Democrat presidential ca…”
▶ The Colonel’s Corner Mafia, CIA and George Bush Part 2 @ 15:26
Walter Mischer funded
Ronald Reagan book_quoted
“Walter Mitzner was the largest fundraiser in the country for Ronald Reagan and George Bush, collecting more than three million dollars for their campaign, including two point eight million in one fundraising dinner alone in Houston. The Hou…”
▶ The Colonel’s Corner Mafia, CIA and George Bush Part 2 @ 30:49
Walter Mischer funded
George H.W. Bush book_quoted
“Walter Mitzner was the largest fundraiser in the country for Ronald Reagan and George Bush, collecting more than three million dollars for their campaign, including two point eight million in one fundraising dinner alone in Houston. The Hou…”
▶ The Colonel’s Corner Mafia, CIA and George Bush Part 2 @ 30:49
Tony Robbins funded
Walter Mischer book_quoted
“the right-wing newspaper called the Houston Tribune. The money for Michener's first construction jobs came from Tommy Robinson. He had been a longtime Houstonian who stated that Robinson, Michener, Bush, and Baker all hung out together at a…”
▶ The Colonel’s Corner Mafia, CIA and George Bush Part 2 @ 31:50
Walter Mischer member_of
Braniff Airlines book_quoted
“At one time in the early 1980s, he served on the board of Braniff Airlines. He had a longtime working relationship with a guy by the name of Howard Terry. They were stockholders in Marathon Manufacturing Corporation, which was purchased by …”
▶ The Colonel’s Corner Mafia, CIA and George Bush Part 2 @ 36:57
Walter Mischer member_of
Marathon Manufacturing book_quoted
“At one time in the early 1980s, he served on the board of Braniff Airlines. He had a longtime working relationship with a guy by the name of Howard Terry. They were stockholders in Marathon Manufacturing Corporation, which was purchased by …”
▶ The Colonel’s Corner Mafia, CIA and George Bush Part 2 @ 36:57
Walter Mischer sold
Penn Central book_quoted
“I just noticed Bridget down there. I'll bring you up, Bridget. Michener and Terry's stock in Marathon was swapped for Penn Central stock. And Terry was named to the Penn Central Board of Directors. In 1986, Michener and Terry sold their Pen…”
▶ The Colonel’s Corner Mafia, CIA and George Bush Part 2 @ 37:28
Walter Mischer recruited
Robert L. Clarke documented
“The former U.S. Comptroller of the Currency, Robert Clark, who was not reconfirmed by the Senate in 1991, but stayed on until 1992 because Bush had not named a replacement, was a good friend of Michener's too. Clark was an investor, borrowe…”
▶ The Colonel’s Corner Mafia, CIA and George Bush Part 2 @ 40:07
Walter Mischer flew_with
B.J. Garman host_asserted
“And that did around $100 million worth of land deals with Robert Corson, i.e. the CIA. According to several people close to Corson and Powers, Walter Michener flew with B.J. Garman, Corson's mother, and Powers in Powers aircraft to Belize i…”
▶ The Colonel’s Corner Mafia CIA and George Bush Part 22 @ 29:54
Tom Anderson friend_of
Walter Mischer host_asserted
“Anderson, of course, vowed publicly to pursue Atkinson and his money to the ends of the earth. However, the only way up money Anderson recovered was his fee being paid by Continental because he's not going to find any money if his best budd…”
▶ The Colonel’s Corner Mafia CIA and George Bush Part 22 @ 20:23
Walter Mischer member_of
Marcello Family book_quoted
“He in turn referred me to a number of retired Houston police officers who had worked in the Criminal Intelligence Division. This division followed Carlos Marcello, the New Orleans Mafia Don, and his relatives for years. The retired Intellig…”
▶ The Colonel’s Corner Mafia, CIA and George Bush Part 2 @ 48:20
Walter Mischer sold
Carousel Hotel book_quoted
“That's when Marcello came around saying he wanted to buy it. It appears that Michener sold the hotel to Marcello, but did so indirectly. Michener said he couldn't remember who bought the hotel. It turned out to be a man named John Kenneth C…”
▶ The Colonel’s Corner Mafia, CIA and George Bush Part 2 @ 54:27
Walter Mischer member_of
Marcello Family book_quoted
“One, a former Michener employee and close personal friend, said Michener not only dealt with Marcello, but also other mob associates in New York and Chicago. This person said he once saw Michener together with some of Marcello's brothers at…”
▶ The Colonel’s Corner Mafia, CIA and George Bush Part 2 @ 58:00
Walter Mischer recruited
Robert Corson book_quoted
“is notorious for not telling the truth. Several people who were familiar with the CIA believe that Michener engineered the involvement of his former son-in-law, Robert Corson. And remember what I said, out of the three names of his daughter…”
▶ The Colonel’s Corner Mafia, CIA and George Bush Part 2 @ 16:29
Walter Mischer flew_with
Mel Powers host_asserted
“And that did around $100 million worth of land deals with Robert Corson, i.e. the CIA. According to several people close to Corson and Powers, Walter Michener flew with B.J. Garman, Corson's mother, and Powers in Powers aircraft to Belize i…”
▶ The Colonel’s Corner Mafia CIA and George Bush Part 22 @ 29:54
Walter Mischer member_of
Carlos Marcello host_asserted
“Did a lot of work with charity work, like in the hospitals. Those are insider dealings, all kinds of corrupt. And of course, he was very close to LBJ. Misher did a lot of business with Carlos Marcello, who, of course, was a New Orleans mafi…”
▶ Operation Gladio meets Secret Societies (Bush family) with War Hamster Brady @ 1:27:37
Walter Mischer sold
Clint Murchison host_asserted
“When he was 30, he was a sewer contractor, somehow bought into a bunch of Honduran paper mills, ended up selling them to Clint Merkelson Jr. And in 1952, that land that he had the paper mills in Honduras were where they staged the 1952 Unit…”
▶ Operation Gladio meets Secret Societies (Bush family) with War Hamster Brady @ 1:28:05
Walter Mischer paid
Edwin Edwards book_quoted
“The guy, when he got out of the governor's mansion, they started paying a large sum of money to on an annual basis, $100,000 a year. When it became obvious to insiders in the early 80s that the savings and loan industry in Texas was hitting…”
▶ The Colonel’s Corner The Mafia, CIA, & George Bush Part Part @ 12:12
Walter Mischer front_for
CIA host_asserted
“Michener and Howell spent another $1.5 million clearing some of the land, and they were logging trees, supposedly preparing for the citrus. Michener has denied that the land was intended for use by the CIA as a transshipment point for weapo…”
▶ The Colonel’s Corner-Mafia CIA & George Bush Part 9 @ 49:44
Walter Mischer secretly_owned
Belize book_quoted
“Attorney S. Cass Weiland is in the middle of an unidentified White House project in Belize, where Michener and his partners owned 700,000 acres. Huh. So they were using this money to build terror training camps in northern Belize. Plumlee s…”
▶ The Colonel's Corner The Mafia, CIA, & George Bush Part 8 @ 28:40
Walter Mischer member_of
Allied Bank host_asserted
“18 or something like that. Yeah, he was big involved. Both the Bush children, Neil and George W., were involved, and also James Baker was really deep into it. One of the big movers and shakers, we've met him before, is a guy by the name of …”
▶ Operation Gladio meets Secret Societies (Bush family) with War Hamster Brady @ 1:27:05
Walter Mischer funded
Ronald Reagan host_asserted
“He was a fundraiser for LBJ, Lloyd Benson, Ronald Reagan, George Bush and many others.…”
▶ Colonels Corner_ Mafia, CIA & GHWB Part 1 @ 36:57
Walter Mischer funded
George H.W. Bush host_asserted
“He was a fundraiser for LBJ, Lloyd Benson, Ronald Reagan, George Bush and many others.…”
▶ Colonels Corner_ Mafia, CIA & GHWB Part 1 @ 36:57
Walter Mischer funded
Lyndon B. Johnson host_asserted
“He was a fundraiser for LBJ, Lloyd Benson, Ronald Reagan, George Bush and many others.…”
▶ Colonels Corner_ Mafia, CIA & GHWB Part 1 @ 36:57
Walter Mischer funded
Lloyd Bentsen host_asserted
“He was a fundraiser for LBJ, Lloyd Benson, Ronald Reagan, George Bush and many others.…”
▶ Colonels Corner_ Mafia, CIA & GHWB Part 1 @ 36:57
Morris Jaffe member_of
Walter Mischer host_asserted
“fixed-based operation in San Antonio's airport right next to Jaffe's, and that People Bank, who financed it, had lost $2 million on the deal. Morris Jaffe is a unique individual in Texas, as unique as Walter Michener. Jaffe could be called …”
▶ The Colonel's Corner The Mafia, CIA & George Bush Part 20 @ 38:54
Mentions (120)
▶ 24:42
is a guy by the name of Walter Misker, M-I-S-C-H-E-R. And this guy has a crazy story growing up. And he becomes kind of the pivotal guy in the Houston area in which everything flows around. He's involved in real estate. He meets with...…
▶ 25:10
Vice President Bush, when he comes into town, he is literally like one of the main hubs in the story, as is Herman Beebe. Let's see. I'm just going through these real quick, just to kind of call out the ones. Jeb Bush, of course, with Georg…
▶ 26:48
many of the savings and loan that went belly up. So he got rich off of it. Robert Clark, former U.S. Comptroller of the Currency, lawyer with the Houston law firm Bracewell and Patterson, was involved with Walter Mishner and Mishner's Allie…
▶ 35:52
So they kind of controlled the entire Gulf Coast of mafia-related activity. Okay, I think, well, yeah, there's a little blurb here about Walter Mishner Sr., Houston developer, banker, power broker, who headed Allied Bank, Corson's former fa…
▶ 36:24
fourth largest landowner in Texas, owned 12% of Belize. This is where I got my Belize information from. They went down and bought the upper northwest corner of Belize, 12% of the landmass. He did that with partners.…
▶ 36:57
He was a fundraiser for LBJ, Lloyd Benson, Ronald Reagan, George Bush and many others. OK, I think that was because we already know about Barry Seale. What it's what the author says about him is he was a.…
▶ 38:26
Because it basically tells the story of Walter Michener and his kind of his life story. It's really, really weird because his dad gets killed through a corrupt, like a gunfight.…
▶ 38:55
He kind of grows up as a loner, but someone that was always wanting to prove to everyone that he was a big guy. And he ends up being a really, really big guy and a very rich big guy. But he ends up being very, very corrupt as well. So I don…
▶ 39:20
go into that long story. But it is a very weird childhood that kind of set him up for his winner-take-all kind of attitude later on in life. And then tomorrow, we're going to go into the background of Herman Beebe and his mafia ties.…
▶ 1:27:05
18 or something like that. Yeah, he was big involved. Both the Bush children, Neil and George W., were involved, and also James Baker was really deep into it. One of the big movers and shakers, we've met him before, is a guy by the name of …
▶ 1:27:37
Did a lot of work with charity work, like in the hospitals. Those are insider dealings, all kinds of corrupt. And of course, he was very close to LBJ. Misher did a lot of business with Carlos Marcello, who, of course, was a New Orleans mafi…
▶ 1:28:05
When he was 30, he was a sewer contractor, somehow bought into a bunch of Honduran paper mills, ended up selling them to Clint Merkelson Jr. And in 1952, that land that he had the paper mills in Honduras were where they staged the 1952 Unit…
▶ 25:14
Trine Starnes Jr., a big Contra supporter and large borrower from Silverado Savings, and several BB-backed savings and loans. He also did business with Jack Trotter, Walter Michener's close associate, who was the trustee for Senator Lloyd B…
▶ 44:02
White said that one time in 82, he and Bath were at the Ramada Club in Houston when Vice President Bush walked in. Bush waved at Bath and said, hey, Jim. So obviously they knew each other on a first name basis. Another Houstonian who knows …
▶ 44:35
partner in the Cinco Ranch development. Bath and Michener obviously knew each other fairly well. Bath's company borrowed $800,000 from Allied Bank and $200,000 from another Allied Bank. That's a million. Michener said that he knows Bath, bu…
▶ 45:37
is Sidney Adger, the father of John Adger, Robert Corson's former partner, and also a fellow member of that Kappa Sigma fraternity. A small Houston accounting firm, Weatherford, Kenton, and Associates, which allegedly did work for Michener'…
▶ 54:01
Midland, Texas oilman and friend of George Bush, William Blakemore. There are at least two other people who are connected to both Blakemore and Skyways aircraft leasing through Jim Bath, Jack Trotter and Walter Michener. Skyways had deposit…
▶ 1:49
We talked a little bit about Walter Michener. And because he is such a key figure in this story, the whole book starts out in a way in which I want to illustrate because the rest of the book keeps coming back to this meeting because this me…
▶ 3:20
And the woman, Paula, that owned the house, had been married several times. As a matter of fact, this is her name. Paula Michener, i.e. Walter Michener's daughter, Corson, Cook, and Watkins. Watson, sorry, I'm Watkins. So she had been marri…
▶ 3:53
And as I said, she's Walter Michener's senior's daughter, only daughter. Michener is a Houston millionaire, banker, developer, and power broker in politics in the city of Houston. Stablewood was being built by Michener Sr. And the residenti…
▶ 6:04
to the CIA. He had connections to the savings and loan debacle. And he was a registered Democrat, which goes to the two wings of the same bird that we constantly talk about. And it goes on to basically say that Walter Mitner led, while he w…
▶ 6:35
life as far as not like not in a big house. He lived in a big house and all that stuff. But he acted like a country bumpkin and had the southern accent and kind of gave the impression that he was just a normal Joe. One of his friends, Jerry…
▶ 7:07
And he was reputedly the richest man, this Moore guy, in Houston. So Michener's behavior kind of belied his business, financial, criminal intelligence in international circles in not just Texas, but as we're going to find out, international…
▶ 7:47
regularly places on Texas Monthly's magazine, Most Powerful Texan. He is one of only two people who made the magazine's list of the most powerful Texans in 1976, and then again later in 1987. And just to give you an idea of who generally ma…
▶ 8:19
H.L. Hunt, Nelson Bunker Hunt, you know, the family that owns the Kansas City football team, that Hunt family. Very, very prestigious. Michener is first and foremost a master buyer and manipulator of political influence for private gain. An…
▶ 9:29
Every Texas governor since Conley, except Richards, had appointed Michener to some board or commission. In 1966, Conley appointed Michener to the board of Texas Department of Corrections. Now, you're going to find that really ironic as we g…
▶ 9:59
Texas Deepwater Port Authority in 78, which is very important in Houston. He was also appointed to the governor's task force on water resource use and conservation later on. Michener had no problem promoting Democrat Mark White and Republic…
▶ 10:34
In 1978, he was a member of the steering committee for Democrats for Tower. He was Republican U.S. Senator John Tower in his race against the Democrat. People referred to him as pragmatic. He didn't let his ideological leanings get in the w…
▶ 11:16
his hip pocket, with the exception of one lady by the name of Kathy Whitmire. That's going to come back later, too. He and his developer friends also controlled the Houston County Commissioner Court, which determines flood control policy an…
▶ 11:44
As we get into some of the real estate deals where they were laundering money. And it wasn't a court as in a legal court, but he basically controlled it. And they're the ones that gave approval for land development, which is the business th…
▶ 12:51
In 1988, when Benson was running as the Democratic candidate for vice president and also running to retain his Senate seat just in case they lost. That's when Dukakis was running for president. Benson's senatorial campaign headquarters was …
▶ 13:25
On November 11th, 1979, the Michener Corporation and two partners purchased an apartment building in a Houston suburb from Benson for an undisclosed sum of cash and a promissory note of about $250,000. Money laundering to the politician. Th…
▶ 14:26
2,167 acres southwest of Houston. Michener's company ended up owning a Houston savings loan that had belonged to Benson's company. It was called Benjamin Franklin Savings. It was owned by Benson's holding company called Lincoln Consolidated…
▶ 14:56
In 1971, after Benson took office as a senator, Lincoln sold the savings and loan to IC Industries of Chicago. In 78, the Michener Corporation bought Benjamin Franklin's savings from the Chicago entity that it was sold to, IC Industries. An…
▶ 15:26
It says Michener sold the savings and loan in 81 before the bottom dropped out of the entire industry. That's going to be a reoccurring theme as well. In a book called Who Will Tell the People, it reported that when Democrat presidential ca…
▶ 15:57
because it was going to come back on Vincent, as we're going to find out. The exact relationship between Michener and President Bush was a mystery. Michener acknowledged having known Bush for a long time, but he says he was never particular…
▶ 16:29
is notorious for not telling the truth. Several people who were familiar with the CIA believe that Michener engineered the involvement of his former son-in-law, Robert Corson. And remember what I said, out of the three names of his daughter…
▶ 17:01
and Corson happened while he was CIA director. A Washington lawyer familiar with the CIA told the reporter, the author of this book, that Corson's work for the CIA began in 1976 when Michener's friend, Bush, was director. In addition,…
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Bush returned to Texas, met with Michener, and they decided, among other things regarding their private activities, to use Corson as a cutout or front man. When the story of his alleged meeting with Bush was related to Michener for comment,…
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If Michener so testified under oath, then he could be prosecuted for perjury because that's exactly what happened. Several months later, when the author interviewed Michener, he had found an article in the Washington Post dated August 10th,…
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because he was actually running the safari club over in Kenya for the shadow CIA. The day after the first couple's February 1992 visit to Paula Michener Watson's house, an event occurred in Mexico that revealed another side of Walter Michen…
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and the Republican Party in Houston. The event was the death of Albert Bell Frey, who passed away while he was on vacation. Bush described the late Houston businessman, Bell Frey, former U.S. ambassador to Trinidad and Tobago and former Rep…
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Mishner Jr. were very good friends. A Houston newspaper gossip column confirmed that Neal and Walt Jr. had lunch and dinner together often all over Houston. The two sons of Neal and Walt Jr. also attended first grade together at Kinkade Sch…
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The schools that Warhamster and I have all talked about, the grooming schools, this is the grooming school for Houston. And Michener Sr. served on their investment foundation. I've never went to a school that had an investment foundation. A…
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They literally saw each other all the time. Michener Jr. would go on to say, I met him one time in my life. I've never had lunch with him, even though it was reported on that they did. When Neil Bush was charged by the Office of Thrift Supe…
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Bank Savings and Loan Association in Denver. Charles Pickett appeared as one of the two expert witnesses on his behalf. Pickett was the former general counsel to Michener's allied bank share company. Even though the Office of Thrift Supervi…
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Walt Michener Jr. said he knows who Pickett is, but he didn't really have anything to do with them, much like Neil. Michener Sr. denied knowing who Pickett was, but then he would later say, oh, yeah, yeah, I remember him. But I thought he h…
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from Delta Savings, a fraud bank savings and loan in Alvin, Texas, which is close to Houston. This means that between $30 million and $40 million went to the Isle of Jersey companies in the Meyerland transaction. The private attorney hired …
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Anderson, of course, vowed publicly to pursue Atkinson and his money to the ends of the earth. However, the only way up money Anderson recovered was his fee being paid by Continental because he's not going to find any money if his best budd…
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And that did around $100 million worth of land deals with Robert Corson, i.e. the CIA. According to several people close to Corson and Powers, Walter Michener flew with B.J. Garman, Corson's mother, and Powers in Powers aircraft to Belize i…
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for different jaunts. But he denied going on any airplane trip to Belize with Garvin and Powers, meaning Michener, because he said he didn't do anything. Although there were several people that have said that was true. U.S. Customs Service …
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such as Morris Schenker and Herman Beebe, when they got into trouble. DRG also lent, the Washington entity, lent $15 million on a piece of vacant land in Houston that was purchased by several of the principal characters, including Michener'…
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two associates of Walter Michener. And at least a couple of transactions, Pulver and his partners bought a piece of land from Joe McDermott, a former employee and partner of Michener. And a little while later, they'd turn around and sell it…
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the ex-wife of a noted Houston developer, Kenneth Switzner, and then defaulted on that home loan. Switzner, who has allegedly associated with New Orleans mobsters, said he didn't even know him, but that he and his ex-wife lost a million dol…
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In October 1990, the Houston Post reported that he had received $2.4 million from dog racing interest. At one time, he was the aide to Texas politician and Michener minion, Ben Barnes. He operated the Quorum Club in Austin, which was basica…
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Okay, to further ask to characterize his relationship with Lloyd Benson, Russo said, same way. I mean, just glad to have a Texan like that on the team, but I have no relationship with him, just like the president. It'd be just the same thin…
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night party of a Houston City Councilman candidate whom he and Russo had been backing against Kathy Whitmer's favorite candidate. Kathy Whitmer is one of their nemesis. They don't like her at all. The Michener-Russo candidate lost. That sam…
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Riddle and Corson did a number of business deals together, including the purchase of a 1,300-acre west of Houston next to Cinco Ranch. Cinco Ranch was the over 5,000-acre development acquired in 1984 by Walter Michener and American General …
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was just fronting First Western Aviation for Walter Michener. First Western Aviation obtained bank financing from United Bank Houston, which is controlled by Vincent Ciccarello. He was a very close friend of Walter Michener's. Michener even…
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Walter Michener Jr. Welcome to Kappa Sigma. So, very interesting. There was something more to Herman Beebe than just being a mafia member, a embezzler of Teamster Union, and his relationship with Carlos Marcelo. There were helicopters for t…
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on April 3rd to remind Secord to send $650,000 to Lake Resource. On April 16th, Secord reported $650,000 received today as reported by the banker. The Washington Post also reported that IC sent $21,000 to the Gulf and Caribbean Foundation, …
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but no other information ever turned up about who they were and the company, which later changed its name to Intel Cooperation. Not like that was a CIA friend or anything. Several of the principals of IC were principals of a company headed …
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Texas Politics and Banking, the author Harvey Katz described a 1969 swearing-in ceremony of Ben Barnes as Lieutenant Governor of Texas after listing all of Barnes' supporters, including Walter Michener and Robert Strauss. He stated the foll…
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In a letter to the author from Victor Rogers' attorney, George Michael Jamal states, Victor Rogers had met Walter Michener Sr., who he understands is associated with Allied Bank. He has never met Jr., and he's never socialized with them. Vi…
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included a $17 million loan to Carroll Kelly, secured by his Continental Savings Stocks. This loan had been transferred from Michener's Allied Bank and guaranteed by Herman Beebe, the mobster. A $17 million loan to William King that had bee…
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The next clue are the people that he did business with, who was his partners and associates. What savings in loan did he borrow the money from? According to his 1988 bankruptcy filing, the first bank loan Starnes got after his 77 bankruptcy…
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He also owed an unspecified amount to Allied Bank North Central in Dallas, all Michener banks. In his bankruptcy filing, Starn stated that he had three checking accounts at Allied Banks and that he received a dividend from Allied Bank share…
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Bank and Trust in Houston. This loan totaled $280,000, indicating that Starnes owned a little over 10% of the bank stock, more than Atkinson owned. Atkinson also financed his West Bank stock. This bank, in the wealthiest section of Houston,…
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law firm. Michael DeBakey is another principal in Republic Health. Perhaps Starn's relationship to Riddle, Corson, Atkinson, and the banks of Michener and Lyon go a little way towards explaining why a bust-out car owners like him was one of…
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And those two people just happened to be Walters and Good. The first expert was Jeffrey Hazard Jr., Sterling Law Professor at Yale's Law School, and the second was Charles Pickett. Pickett also noted in an earlier chapter on Walter Michener…
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He's there to make a business judgment, not a personal one. If one director thinks he knows about a conflict of interest of the other board member, he's not obligated to disclose this at all. Because otherwise, we would have to disclose tha…
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is where the guy that Michener controlled ran the court. So Holmes replaced Archie Bennett as chairman of the Port Authority. Bennett was noted in an earlier chapter as a good friend of Walter Michener's. Bennett had sold his hotel company …
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over a large track of land on the Houston Ship Canal. The lawsuits were settled when the port got back a $250,000 down payment, but the port ended up paying its attorneys $450,000 to represent them. That sounds like money laundering too. On…
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The land the port backed out of buying was later purchased by a group led by Michener's close friend, Kenneth Snitchner. In 1990, Holmes was a member of a group of local investors who were vying to win a $1 billion contract to build a rail …
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was the last one of the savings and loan crisis that the author had written about in the Houston Post. It appeared in December of 1990 and was followed eight days later by a series of articles on Walter Michener. Those articles were never p…
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And it starts off with the connection of Robert Corson to the CIA via Michener and was first told to the author by two intelligence operatives and was confirmed by two Texas law enforcement officials. According to Will Northrup, Corson rode…
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He knows that that data has now been erased, and he tells the author that it's not there anymore. That's how bold these people are. Weiland never responded to a letter from the author six days later, asking him on how many trips Corson had …
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Corson introduced Benenke to Michener in mid-1970s in the lobby of Michener's bank, Allied Bank, in downtown Houston. Benenke recalled describing a mural on the wall. I met Michener originally through Corson. I didn't work with Michener. He…
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But he added that he had no doubt that Michener had strong connections to the CIA since it's Michener that went down and bought 12% of Belize for terrorist training camps for the CIA and dirt airport strips for connecting flights. Neither d…
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Northup said he only met Michener once at a Republican fundraiser in Texas. When first questioned about his alleged ties to the CIA, Michener denied that he had ever done any work for the agency. In a later interview, he was even more adama…
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They never, I never, I guess they didn't ever figure I was of any use to them because they sure as hell never asked me anything, unquote. And we know that's not true. Michener then insisted that he could prove that he had never worked for t…
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The agency says even their own agents aren't theirs. When I asked him who was arranging that, he replied, none of your damn business. When I told Michener, meaning the author, that he would like to see a copy of the letter and put it in the…
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about the Houston CIA agent, Michener had said, he commented, quote, about the only thing Walter, meaning Michener, could use that letter for was to blow his nose, unquote. And that's literally true. As a matter of policy, the CIA never con…
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a friend of George Bush's and Ronald Reagan's biggest campaign funder in 1980, Walter Michener, was getting involved, and Walter Michener, as a reminder, is Corson's ex-father-in-law. He was getting involved in Belize. He started out in 198…
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By 1990, the company had sold much of the land and placed it on indefinite hold to grow any citrus. So it was never bought for citrus. That was a cover story. The remaining partners were Walter Michener and Paul Howell, a Houston oil man wh…
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in Dallas is investing in a CIA terrorist training camp and drug running operation. Want to make sure you got that. In an interview on November 6th, 1989, Michener claimed that Coca-Cola found the land. But in an interview later, he said Pa…
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Coca-Cola came to us because we had already looked at the property. Sure, Michener. Michener and his partners paid cash for the land. Cash. Approximately $3 million each. Michener said he couldn't remember the name of the Pandemanian Bank h…
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Michener and Howell spent another $1.5 million clearing some of the land, and they were logging trees, supposedly preparing for the citrus. Michener has denied that the land was intended for use by the CIA as a transshipment point for weapo…
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had alleged ties and said so to the CIA. He had talked to his lieutenants about working out of Belize. By all accounts, Belize had been a hotbed of drugs and drug growing. Then Corson's ex-father-in-law buys a 700,000 acre plot in Belize, 1…
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And infamous Houston developer Mel Powers took trips to Belize several times to discuss business deals with New York insurance people. At least one eyewitness and officials who have seen customs records state that Michener accompanied them.…
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In 1991, with the FBI, IRS, and Arizona Department of Public Safety after him, Corson skipped the country. He first went to Honduras and then to Belize. Belize has no extradition treaty with the United States, which is very interesting beca…
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Corson since he divorced his daughter. It's just a convenient story. Why would you? But he did. But one deal between the two that was continued after the divorce was the Enchanted Oak Shopping Center, the strip mall north of Houston. This w…
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in January 1976, showed the owners to be Michener's company and Roy Daly as the trustee. However, Corson's divorce papers revealed that Daly was fronting for him and that he, Corson, actually owned the 25% share of the shopping center. Docu…
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So he just used a front guy. It was not until 85 that Michener's company filed papers showing it to be the sole owner of that shopping center when farm and home savings foreclosed on the property in November of 1986. There were the previous…
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Following the divorce, Corson participated in deals such as borrowing money and receiving money with at least three of Michener's bank. Because remember, by this time, he owns a whole bunch of banks. A whole bunch of banks that go down in t…
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which is Michener, to pay Corson. In October 1983, Corson borrowed $350,000 from Allied's Champion Bank, again a Michener's bank, to purchase land for a strip shopping center. In addition, he had also gotten another loan of like $37,000 fro…
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as well as Evergreen to transport weapons to the Contras. When Walter Michener Sr. was a board member of Herman Hospital in Houston, Evergreen Air was hired by the board to operate its helicopter ambulance service. Well, that's convenient. …
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which Jaffe and his family owned. Jaffe got his original financing for a mall from Farm and Home Savings, a Missouri savings and loan with connections to Walter Michener. But Haas denied that Jaffe financed his bar. He said he was just a la…
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fixed-based operation in San Antonio's airport right next to Jaffe's, and that People Bank, who financed it, had lost $2 million on the deal. Morris Jaffe is a unique individual in Texas, as unique as Walter Michener. Jaffe could be called …
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but they do it quietly and behind the scenes. Both were strong supporters of LBJ, Jaffe perhaps more than Michener. Both are feared and talked about in hushed tones, and both had contacts with Carlos Marcello in New Orleans, the mafia boss.…
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He made his first fortune after allegedly discovering uranium in Carnes County, where Michener grew up. By flying over it with a newfangled detection device, he managed to sell his leases and options for a big profit. Jaffe also got into th…
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Before Onkin was named U.S. Attorney, he had worked for Harris County District Attorney, and before that, a Houston developer who was partners with Walter Michener. Let that sink in. He was inside, pretending to be a DOJ official that was s…
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He said he had done nothing wrong and claimed that the statements in the unfiled lawsuit was libelous. He also claimed to be broke, although he never disputed the actual dollar figures in the unfiled lawsuits for his services. Hill had that…
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James Baker was also very good friends with Raymond Hill. Their families were close. They grew up together and hung out together. When the author called Hill's office for comment about his relationship to Baker, Miss Macy, the same Hill emp…
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the Contra and everything else. Okay, Bazarian had numerous connections to Beebe's financial circle. He was a borrower from Dixon's Vernon Savings and was involved in a small Oklahoma savings and loan with Beebe's business associate, Michae…
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Horne also did business at Ron Daly's First Savings of East Texas, which Daly was a cousin of Robert Corson, the guy that married Michener's daughter. You just can't make this shit up. Several years later, the Detroit Free Press reported th…
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Lakewood Bank, where Toller was a director, was part of Walter Michener's Allied Bank Empire. It was one of the banks listed in the 1985 Comptroller of the Currency report on Beebe as being controlled by the mafia, Beebe himself. There were…
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Texas Savings and Loan Examiner said that in the mid-1980s, he ran across Novelli's wife as one of the proposed purchasers of a savings and loan that he put a stop to. After Novelli had been indicted in January 1972, Surety Savings was sold…
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and immediately got involved in all of these shenanigans. One of the first loans Parker made was to Enchanted Oaks Joint Venture, which was comprised of TMC Funding, a Michener company, of course, and two other of Michener's associates, inc…
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who saw the almost $2 million loan to Richmond Harper, who saw the involvement of Ben Barnes and Herman Beebe, and who saw the loan to Walter Michener's associates. And then she apparently did nothing and said nothing when all of those peop…
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Florida land deal that we'll talk about later. That's the one that involved the DuPont family. That one also implicated Michener's former son-in-law who had kicked in $20 million to the deal. One of Ross Miller's associates and partners in …
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Now, again, I want you guys to understand when they say they sunk $80 million, that means they moved $80 million through the project. That doesn't mean there was $80 million worth of work done on that project. Again, this is all money laund…
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when First Interstate Bank in Los Angeles had purchased Allied. Lynch was also the chairman of First Continental Real Estate Investment Trust, a REIT, which was a real estate trust in Houston, whose director, one of the directors, was none …
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I'm going to paraphrase the beginning of it to say that this one's focused on Robert Corson, the former son-in-law of Michener's daughter, Paula. So he was a troublemaker growing up. He was a bully, got thrown out of public school, ends up …
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$10,000 real estate commission check or forged her name to the check and cashed it. Corson took the 16-year-old girl, he was 18, to Mexico across the Rio Grande from Mercedes, Texas. They moved to Nevada where the girl's father found them s…
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After Michener tracked down Paula and Corson living in Nevada in early 1965, several months after they had eloped to Mexico, he brought them back to Houston, where Corson was put into the real estate business by his mother and Michener. The…
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and stayed married less than a year. While she was married to Cook, Paula filed two actions against Corson. First, she asked the judge to hold Corson in contempt of court for pushing and shoving her. Then she asked for his parental rights t…
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Both tried to keep their association secret afterwards, especially because Michener was doing business with a man that his daughter had accused of beating him, of beating her. That might not make any sense to people unless you understand th…
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at large, goes way back, perhaps as early as the 1950s. In 1952, Michener bought his first property called La Jitas, a little hole in the wall on the Rio Grande, just west of Big Bend National Park in far west Texas. Now, he's from Houston.…
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Michener started out with 26,000 acres and eventually bought the entire town. About the only living thing around the area in 1952 were a few ranchers, prospectors, and an occasional tourist or two. They would go up to Presidio or Big Ben, b…