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Neil Bush’s Petition Rejected: Federal regulators rejected...

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From Times Staff and Wire Reports

Neil Bush’s Petition Rejected: Federal regulators rejected arguments by Neil Bush that he cannot be issued a cease-and-desist order for his activities as a director of the failed Silverado savings and loan from 1985 to mid-1988 because he is no longer a director. The Office of Thrift Supervision wants President Bush’s son barred from activities at any federally insured financial institution. A public hearing is scheduled in Denver on Sept. 25.

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