Western Savings organization
also: Western
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Related entities (most co-mentioned)
Savings and Loan Associationorganization · 6George Aubinperson · 6Ed McBurneyperson · 6Vernon Savingsorganization · 5John Kellyperson · 4Continental Savingsorganization · 4Jarrett Woodperson · 3John Riddleperson · 3Ameriway Savingsorganization · 2Floridacountry · 2Commerce Savingsorganization · 2E.F. Huttonorganization · 1Odessa, Texasplace · 1Mercury Savingsorganization · 1J.B. Harrelsonperson · 1Adnan Khashoggiperson · 1Herman Beebeperson · 1Liberty Savingsorganization · 1First South Savingsorganization · 1Casey Hoodperson · 1San Jacinto Savingsorganization · 1Lamar Savingsorganization · 1Richard Doverperson · 1Ben Malam Savingsorganization · 1
Claims (6)
Western Savings financed_via
Kenneth Good documented
“This included $70 million of the usual junk bonds and $90 million from major East Coast banks and the rest from a group of Florida savings and loans. Before the borrowing occurred, Good got two loans totaling $686 million from Jarrett Woods…”
▶ The Colonel’s Corner Mafia, CIA & George Bush Part 18 @ 1:00:55
Western Savings financed_via
Vernon Savings host_asserted
“It is interesting that this expression has been credited to Jarrett Woods, although some say it started with Tyrell Barker, because Western Savings was the biggest, last, greatest fool in Texas. It was Western that took out Vernon, Continen…”
▶ The Colonel’s Corner Mafia, CIA & George Bush Part 18 @ 1:01:52
George Aubin financed_via
Western Savings book_quoted
“That's next to the famous Calumet Farm. And according to a $120 million lawsuit filed against Aubin in 1990 by Sunbelt Savings, Aubin fraudulently used $14 million loan from Western Savings in Dallas owned by his buddy, Jarrett Woods, to bu…”
▶ The Colonel’s Corner-Mafia, CIA & George Bush Part 11 @ 10:10
John Riddle financed_via
Western Savings book_quoted
“from Western Savings in Dallas, controlled by Auburn's childhood friend, Jarrett Wood. In 1990, Sunbelt Savings, which had taken over Western Savings, was awarded $284 million in damages in a federal lawsuit against Riddle and his partner, …”
▶ The Colonel’s Corner-Mafia, CIA & George Bush Part 11 @ 27:59
Casey Hood headed
Western Savings documented
“Russo, one of the Kappa Sigma guys, who was the head of Ameriway Savings. Casey Hood, who had been the president of BB's umbrella company, AMI, before he took control of Western Savings. And a guy by the name of Joseph Groves, who was a Chi…”
▶ The Colonel’s Corner-Mafia, CIA, and George Bush Part 16 @ 13:05
John Ballas financed_via
Western Savings documented
“To Ballas, in December of that year, Western Savings purchased the promissory note to Vernon and Continental and Sandia Savings lent another $15 million. In addition, People's Heritage Savings and Loan in Kansas had a mortgage on some of th…”
▶ The Colonel's Corner Mafia, CIA, & George Bush Part 17 @ 39:46
Mentions (17)
▶ 11:04
other insolvent Texas savings in load, including Jarrett Wood Western Savings at a bailout cost to you and I of estimated $2 to $3 billion. That's a lot. Sunbelt Savings, known in the industry as Gun Belt Savings, was controlled by Ed McBur…
▶ 11:34
McBurney's beginnings in the thrift industry go back to George Aubin and Jarrett Woods, with many connections to mobster Herman Beebe. Before McBurney consolidated several smaller Texas savings and loan into Sunbelt, he was the president of…
▶ 12:03
A mutual association of theirs, John Roberts, a San Antonio developer, purchased Commerce Savings in Angleton, Texas from Jarrett Woods. McBurney and Auburn split a $300,000 commission on the sale. Then McBurney would go on to help Woods ge…
▶ 12:33
Roberts, as noted earlier, was involved in the huge deals in Houston and Colorado with weapons trafficker Aiden Khashoggi. In 1983, McBurney had control of Sunbelt and Woods had control of Western Savings. The two began making multi-million…
▶ 7:14
That had belonged to Azima's Global International Airways and was repossessed after Global filed for bankruptcy. The financing for this purchase came from Tesoro Savings and Loan in Laredo, Texas, which had been implicated in drug money lau…
▶ 8:43
the Khashoggi business partner who had bought the savings and loan from Jarrett Woods and Woods' brother-in-law, Thomas Perry. They, in turn, were assisted in the sale by Ed McBurney. Woods then bought Western Savings in Dallas while McBurn…
▶ 9:14
In 1989, he pleaded guilty to fraud at both Summit and Western for using straw borrowers to get up to $4.5 million to buy a private jet for his own personal use. He was sentenced to five years in jail. After Doug Jaffe borrowed the $7.1 mil…
▶ 40:37
The first savings in loan that stepped up was Jarrett Woods' Western Savings. A February 86 letter from Western Savings to one of Atkinson's attorneys discussed a loan of $86 million on the Florida track, but Western dropped out too. The ne…
▶ 10:10
That's next to the famous Calumet Farm. And according to a $120 million lawsuit filed against Aubin in 1990 by Sunbelt Savings, Aubin fraudulently used $14 million loan from Western Savings in Dallas owned by his buddy, Jarrett Woods, to bu…
▶ 12:09
He needed a front man after the Rennebank scandal. The two savings and loan were operated out of Auburn and Harrelson's office in Houston. One reason Auburn borrowed from Western Savings to buy the horse farm in Kentucky was that he was for…
▶ 27:28
40 million to 50 million from Vernon Savings, more than 2 million from Mercury and Ben Malone Savings, controlled by his fellow Kappa Sigma brother, George Aubin, 5 million from Liberty Savings in Leesville, Louisiana, and a $195 million lo…
▶ 27:59
from Western Savings in Dallas, controlled by Auburn's childhood friend, Jarrett Wood. In 1990, Sunbelt Savings, which had taken over Western Savings, was awarded $284 million in damages in a federal lawsuit against Riddle and his partner, …
▶ 34:52
The list of savings and loans represented at the meeting is a who's who of the biggest failed savings and loans in Texas. Vernon Savings, Mainland Savings, Lamar Savings, Paris Savings, First South Savings, Western Savings, Continental Savi…
▶ 39:46
To Ballas, in December of that year, Western Savings purchased the promissory note to Vernon and Continental and Sandia Savings lent another $15 million. In addition, People's Heritage Savings and Loan in Kansas had a mortgage on some of th…
▶ 1:00:55
This included $70 million of the usual junk bonds and $90 million from major East Coast banks and the rest from a group of Florida savings and loans. Before the borrowing occurred, Good got two loans totaling $686 million from Jarrett Woods…
▶ 1:01:52
It is interesting that this expression has been credited to Jarrett Woods, although some say it started with Tyrell Barker, because Western Savings was the biggest, last, greatest fool in Texas. It was Western that took out Vernon, Continen…
▶ 54:55
Some of the transactions General Holmes would actually finance the sale and take a first mortgage with a promissory note. The buyer would then obtain second mortgages from the savings and loan like Vernon, Continental, or Western, and later…