Investigative reported Pete Brewton discusses the relationship between failed Savings and Loans, organized crime, and the CIA. His research into the role of prominent Texans quickly encountered political roadblocks, but has culminated in a book published in 1992.
On the role of Savings and Loans owners as middlemen between politicians, the CIA, and the Mafia. He examines the activities of Texas S & L owners Walter Misher and Ray Hill, as well as Treasury Secretary Jim Baker. Financial institutions operated to help fund covert operations, with the banking-CIA connection streatching back to the Nixon administration. Brewton concludes by pointing to some specific ties with the Bush administration.