Episode 271 Bobby Baker Part 5 The Story of Magic ("MGIC")

JFK The Enduring Secret

This is Part 5 of the mini-series that covers the story of Bobby Baker. This mini-series is part of a larger series covering Billy Sol Estes, Mac Wallace, Bobby Baker and other members of Johnson's Texas inner circle. All of these men were quite intertwined around Johnson at the time of the assassination. They were involved in circumstances that were closing in on Johnson too and that provided him great motive in the killing of the President. The story is extraordinary. Today's episode covers Bobby Baker's investment in the Mortgage Guaranty Investment Corp ("MGIC") or Magic as it was known. This Wisconsin based company was the original source of Bobby Baker's wealth and from the earnings that came from this stock investment, there was much more to come with Bobby Baker. The investment, among other things, was the basis for a budding financial relationship with Mr. and Mrs. Novak, who eventually invested on Bobby's behalf in MGIC stock, made a profit and then parlayed all of that into a partnership with Baker to build the Carousel motel. The Carousel was Baker's ill fated attempt at building a resort in Ocean City. The partnership would take Mr. Novak down, but the question still lingers...did he die of suicide, or was he murdered...and did that murder result from the transaction gone awry related to the Carousel.

From Lyndon Johnson's vantage point, here was Bobby Baker who was known as Little Lyndon and was perhaps the second most powerful man in the senate. He was Bobby Baker the Secretary to the Majority, the right hand man of Lyndon Johnson in the senate....and just months before the assassination, allegations of wrong doing by Baker begin to surface. Baker declined to meet with Senators, and alternatively chose to resign his position as majority secretary of the Senate. Baker's resignation from one of the most powerful positions in the country happened just prior to the President's assassination and created a growing rumor that the scandal would lead back to Johnson and result in his political demise or more... The Republicans smelled blood in the water. Join us in this fifth episode of what is sure to be a fascinating series on another incredible story that envelopes around Lyndon Johnson at the time of the Kennedy assassination.

Rumors of Johnson's involvement began to swirl almost immediately after the President's assassination and there is a defined school of thought within the JFK assassination research community that staunchly believes in Johnson's involvement. His involvement in both the assassination and its cover up. Join us in one of the most fascinating story tells of the Kennedy assassination and stick around as we will be returning to the Mexico City series right after we complete this min-series that was spawned by the recent release of the Billy Sol Estes and Cliff Carter tape that the two recorded in 1971. Folks, you just can't write this stuff.
Even as early as 1964, rumors and serious concerns over the lone gunman theory and the evidence that might contravene it, were becoming a major concern for the government and the commission. Conspiracy theories were contrary to the government's stated narrative from the very beginning. This real-life story is more fascinating than fiction. No matter whether you are a serious researcher or a casual student, you will enjoy the fact filled narrative and story as we relive one of the most shocking moments in American History. An event that changed the nation and changed the world forever.