As a key member of the Reagan and Bush farm teams, as former California Governor Pete Wilson's Food and Agriculture Department director, as an agribusiness lawyer and as a member of the national steering committee of Farmers and Ranchers for Bush, Veneman has rarely missed an opportunity to advance the interests of food-production and -processing conglomerates, to encourage policies that lead to the displacement of family farms by huge factory farms, to open public lands for mineral extraction and timbering, to support genetic modification of food and to defend biotech experimentation with agriculture. forewarnings stipulating distress:vandalizing Grenier ibid Throneberry
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Currency said in a news release that 1st National was undercapitalized and had experienced substantial dissipation of assets and earnings "due to unsafe and unsound practices.