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Jeb Bush’s Big Lehman Brothers Problem
Daily Beast ^ | 7/2/15 | Charles Gasparino

Posted on 07/12/2015 7:15:28 AM PDT by jimbo123

Jeb Bush says he released 33 years of tax returns this week because he wants to be the most transparent candidate to run for president in 2016. But if that’s really the case, why is he continuing to obfuscate some of his most lucrative and potentially controversial business dealings he had before announcing his candidacy, like his work as an “adviser” for investment bank Lehman Brothers?

So, if Jeb won’t tell you what Jeb exactly did while working on Wall Street, in the interests of transparency and disclosure, I will try.

Not much is known about what Bush actually did for Lehman—the firm that went belly-up in 2008 and sparked the wider financial crisis, and Barclays, the bank that purchased Lehman out of bankruptcy and continues to work out of its midtown Manhattan headquarters. He began working for the former after his term as Florida governor ended in 2007, and continued working for the latter until the end of 2014, when he decided to run for president.

The two banks were his biggest sources of income in recent years: Bush earned more than $14 million working for Lehman and then Barclays, which based on my understanding of simple math accounted for nearly half of the $29 million he made after he left government. Yet in Tuesday’s disclosure, and even in many of his public comments, Bush has downplayed his work for the two banks.

“I also was hired as a senior advisor to Barclays where I advised their clients on a wide range of global economic issues with a mind towards navigating government policies,” he writes in an essay that accompanied the tax returns. It is the only sentence that refers to his time at Barclays. And he doesn’t mention Lehman at all.

(Excerpt) Read more at thedailybeast.com ...


TOPICS: News/Current Events; US: Florida
KEYWORDS: 2016election; carlosslim; charlesgasparino; dailybeast; demagogicparty; election2016; fairtax; flattax; florida; incometax; jebbush; lehman; memebuilding; mexico; partisanmediashill; partisanmediashills; paultardation; paultardnoisemachine; randpaulnoisemachine; randsconcerntrolls; taxes
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1 posted on 07/12/2015 7:15:29 AM PDT by jimbo123
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To: jimbo123

He is a Bush. He did not have to do anything to earn the millions he was paid.


2 posted on 07/12/2015 7:18:27 AM PDT by tennmountainman ("Prophet Mountainman" Predicter Of All Things RINO...for a small pittance.)
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To: jimbo123

My first question would be how did the Clinton the Fixer miss this one.

Trump has been commenting about the political corruption process for quite some time. Yesterday he said he gave to dems in large amounts too because he knows how the system
works. What an indictment.


3 posted on 07/12/2015 7:21:06 AM PDT by Mouton (The insurrection laws perpetuate what we have for a government now.)
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To: jimbo123

Lehman Bros. and then Barclays?

Does Jeb really possess the smarts to work for outfits like these, or was he hired as a favor to the Bush family?


4 posted on 07/12/2015 7:22:50 AM PDT by Paulie (America without Christianity is like a Chemistry book without the periodic table.)
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To: tennmountainman

5 posted on 07/12/2015 7:23:52 AM PDT by jimbo123
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To: Mouton

My first question would be how did the Clinton the Fixer miss this one.

...

In the Uniparty there is honor among thieves.


6 posted on 07/12/2015 7:25:02 AM PDT by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: All
Lehman decision still haunts global economy
By Terry Keenan, NY POST, September 15, 2013

EXCERPT-- On this, the fifth anniversary of the Lehman Brothers collapse, millions of Americans will be looking back on that terrible Monday and trying to put a figure on the damage that ensued......millions of lost jobs, broken dreams, missed opportunities and forfeited homes.

But there is one number that is hard to dispute: $18 trillion.....18 with 12 zeroes trailing it, or $10 billion for every day since the financial crisis officially began Sept. 15, 2008.....the amount of debt added to the world’s monetary system by the US and the six other major industrialized countries to keep the system afloat in the 1,825 days since Lehman CEO Dick Fuld went into the witness protection program and his Times Square hdq went to black.

$18 trillion we and our children will eventually have to make good on.... And what did we get for that $18 trillion in triage? Subpar growth here at home, and recession in Europe and Japan.

Indeed, all that debt is estimated to have generated just $1 trillion in gross domestic product growth across the globe, according to a chart Deutsche Bank chart published by Zero Hedge. In other words, it is taking $18 in debt to generate $1 of growth.

So where did those trillions go? More than $6 trillion went into the federal deficit, which has grown by that amount since 2009. Most working Americans know that almost nothing of the borrowed trillions has ended up in their pockets.

Ironically, nowhere have the Bernanke bucks rained down more disproportionately than on the 2-mile radius around Lehman Brothers’ old Midtown headquarters. Eight blocks to the north, on 57th Street, condos are now priced at $70 million, while a few blocks to the east, at the auction house Christie’s, a Jeff Koons balloon-dog sculpture is priced to sell this fall for as much as $55 million. And the bubble burst when?

In retrospect, the bright-eyed money men must concur that it would have cost a lot less than $18 trillion to have come up with a way to keep Lehman afloat.

SOURCE http://nypost.com/2013/09/15/after-five-years-lehman-decision-still-haunts-global-economy/

===========================================

WHAT DOES JEBBIE KNOW ABOUT THIS?

GOV'T FRAUD AT ITS FINEST and Democratic votes to boot. He exposed the Clinton Foundation frauds in "Clinton Cash," but in his earlier book, "Extortion," author Peter Schweitzer writes about Obama and Eric Holder, using the Justice Dept and assorted govt agencies to extort Big Money ....threatening jailtime unless the targets fork over billions. Read on.

The Largest, Best Funded Voter Fraud Operation in US History Happening Before Your Eyes
Red Statements ^ | 3/12/2015 | Steven Ahle / FR Posted by HomerBohn

So you say you want a permanent democratic majority? But what about the massive amount of money that's needed?

Obama, and congressional democrats, along with a huge assist from Eric Holder add the shady ACORN into the mix by changing ACORN to "NeighborWorks America."

Both NeighborWorks America....and La Raza....provide the manpower.....and now have a huge funding source.

The DOJ has sued several banks and made settlements in which the banks have paid 24 billion in fines. One of the banks, CitiCorp was also ordered to pay $50 million to La Raza and NeighborWorks America as part of the settlement.

But wait, it doesn’t stop there. Another clause in the agreement makes it possible for La Raza and NeighborWorks America to rake in even larger amounts of money.

Of the remaining money the banks needed to pay in settlements, the banks were able to contribute additional money to La Raza and NeighborWorks America. For every dollar they contribute, it reduces their debt to the government by 2 dollars. That’s some mighty powerful incentive to give generously.

House Judiciary Committee Chairman Bob Goodlatte (R-Va.) and House Financial Services Chairman Jeb Hensarling have questioned why this money was sent to the two organizations rather than to the alleged victims of the bank’s crime. The administration of course declined to answer.

--SNIP--

So now, with Social Security cards, manpower and tons of money to go along with the two years before the next presidential election, the largest and most successful voter fraud campaign may alter the course of the elections not to mention the future of the United States.

Within the first couple of months of Obama’s illegal immigration executive memos he signed on AF One, at least ninety thousand Social Security cards were issued to illegal aliens. Now Senators Ben Sasse and Jeff Sessions want answers on how many additional social security cards were issued. The answer is important because it will allow citizens to know just how much money taxpayers are spending on illegal aliens.

Social Security cards are keys of the kingdom to illegal aliens. With them, they are able to access a number of all sorts of benefits, including the Earned Income Tax Credit, Social Security disability payments or Social Security’s supplemental income program.

The senators also want to know how much in benefits these illegals have collected. The senators have yet to connect the dots in Obama’s real scheme. Let me help them out.

Social Security cards besides making illegals eligible for benefits, can have a more profound problem for the United States. The cards make it very easy for illegals to register to vote, even in states with voter ID laws.

One of the documents accepted for registering to vote is………….Social Security cards. But administration officials don’t dare instruct the illegals on how to vote and many might not trust them. The Washinton Times explains how easy it would be to add millions of new voters through the democrat’s illegal amnesty.

THE SCAM UP CLOSE So how do you get around this? Simple. You have the latino-centric America hating La Raza do it. Yes, La Raza actually teaches illegal immigrants where and how to register and vote. With the advent of so many illegals being able to vote and limited resources, La Raza couldn’t possibly handle the volume or afford to spend the kind of money necessary to facilitate such a huge undertaking.

7 posted on 07/12/2015 7:25:05 AM PDT by Liz
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To: jimbo123

LOL!!!!!

“Bush earned more than $14 million working for Lehman and then Barclays, ..... “


The man should be in prison. He would have never received a dime of that money without his family’s influence. Unbelievable!! This explains what’s wrong with our political system.


8 posted on 07/12/2015 7:26:44 AM PDT by boycott
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To: boycott

Frankly, I see only the media and demodummies pushing Bush on the rest of us. We need him like a third shoe.


9 posted on 07/12/2015 7:31:45 AM PDT by DaveA37
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To: jimbo123
Not much is known about what Bush actually did for Lehman

He was Bushing® (as in "Bush. The Most Trusted Dynasty in GOP Influence Peddling.").

Mr. niteowl77

10 posted on 07/12/2015 7:32:14 AM PDT by niteowl77 ("I wish I had better news for you, but the truth is that this thing is not worth fixing anymore.")
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To: DaveA37

Frankly, I see only the media and demodummies pushing Bush on the rest of us. We need him like a third shoe.


Exactly what happened with McCain. The liberal media kept telling us that only McCain could win. After he pretty much sealed up the nomination, then the attacks on the clown began. They then made him look like a psychotic idiot (not that they were far off).

The media and the demos (especially in open primary states) will do all they can to nominate Jeb. They know he’s a loser.


11 posted on 07/12/2015 7:34:29 AM PDT by boycott
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To: jimbo123

HA!


12 posted on 07/12/2015 7:39:02 AM PDT by CPT Clay
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To: tennmountainman
He is a Bush. He did not have to do anything to earn the millions he was paid.

NWO legacy. He's Flounder.

13 posted on 07/12/2015 7:41:23 AM PDT by Stentor ("The best lack all conviction, while the worst are full of passionate intensity.")
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To: jimbo123

Save your time and effort,Jebbie, you will not be the next president.


14 posted on 07/12/2015 7:59:12 AM PDT by Calpublican (No Comprendo)
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To: Stentor

“NWO legacy. He’s Flounder.”

Perfect description! Well said you.

And, he does sort of resemble Flounder. Maybe one of our Photoshop savvy folks can create one of those gifs that morph from Flounder to Jebby. It would be a winner, and I bet shortly thereafter you would see it on Trump’s website.


15 posted on 07/12/2015 7:59:15 AM PDT by VMI70
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To: Stentor

16 posted on 07/12/2015 8:04:12 AM PDT by jimbo123
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To: jimbo123

Jeb’s got the “dough” but not the “mo”

I don’t think he’ll make it.


17 posted on 07/12/2015 8:07:13 AM PDT by nascarnation (Impeach, convict, deport)
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To: jimbo123
The two banks were his biggest sources of income in recent years: Bush earned more than $14 million working for Lehman and then Barclays, which based on my understanding of simple math accounted for nearly half of the $29 million he made after he left government.

$14 million in about eight years from Lehman/Barclays. So, Jebbie is up to his eyeballs in crony capitalism and the revolving door between government and private industry.

18 posted on 07/12/2015 8:15:18 AM PDT by Will88
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To: Will88

Could this be the reason he asked for the 45 day extension on the FEC $ disclosure?


19 posted on 07/12/2015 8:21:56 AM PDT by Califreak (Hope and Che'nge is killing U.S. Feel the Trump-mentum!)
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To: VMI70

I’m convinced he’s the GOP’s Chelsea Clinton.


20 posted on 07/12/2015 8:45:03 AM PDT by Oratam
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