Posted on 08/26/2015 12:37:39 PM PDT by GilGil
For Florida taxpayers, the move by the administration of then-Gov. Jeb Bush to forge a relationship with Lehman Brothers would ultimately prove disastrous. Transactions in 2005 and 2006 put the Wall Street investment bank in charge of some $250 million worth of pension funds for Florida cops, teachers and firefighters. Lehman would capture more than $5 million in fees on these deals, while gaining additional contracts to manage another $1.2 billion of Florida’s money. Then, in the fall of 2008, Lehman collapsed into bankruptcy, leaving Florida facing up to $1 billion in losses.
But for Jeb Bush personally, his enduring relationship with Lehman would prove lucrative. In 2007, just as he left office, Bush secured a job as a Lehman consultant for $1.3 million a year, Bloomberg reported.
(Excerpt) Read more at silverdoctors.com ...
Should Bush end up getting the nomination, this article will be great ammunition for the democrats.
1.3 million to a guy with no banking, investment or financial advice activities in his background. Yeah, sign me up for a program like that too.
When is MEGYN going to ask him about this, say a loaded question like, you know when Lehman went under it was holding paper it sold to the Florida Pension Funds and shortly later you got a 1.3 million job with them, so what did you do for that money? Yeah right, when the sun don’t shine.
And even the `rats won’t rat him, nor will their MSM, because they have a `gentleman’s agreement’ to not rock the graft boat.
Kinda like banana republics where the victors always see off the deposed dictators at the airport with suitcases of cash—not standing them against a wall—because they know they could be next.
There is one huge positive here. We know about it. Were it not for the internet, we would not have a chance.
If we were say 60 years ago this election would be a routine screwing. Trump’s success is in very large part due to the web.
I see all this as a huge positive because in the end when tens of millions of people understand this eventually the bad guys go away.
The corruption is so obvious and out in the open that that is why Trump has so much momo. Having the web is the great equalizer of the 21st century.
How would it be possible for Bush to get the nomination? I don’t know one person who plans on voting for him and he is cutting pay for staff. He is a horrible candidate. He needs to go back to Lehman Bros.
I posted this article on Trump’s FB page. Just in case he doesn’t know.
Great! Trump may be larger than life but he needs help too.
Also needs dropped in other media drop boxes. Drudge Breitbart etc
Ole Jebby struck it big with a $4 million loan on a second mortgage that he didn't have to repay after his lender financially collapsed. However, the tax payers were stuck with paying off his $4 million loan.
No wonder these people get richer and richer. So far two side deals made Bush $5 million. No wonder he is going down so badly.
So stylish, they should all be wearing black & white stripped prison clothing. That would be much more fitting with respect to their political accomplishments that the American people are now having to endure. Birds of a feather is why Daddy Bush loves Bill Clinton and his hag.
There is no Lehman Bros they were the impetuous for the 2008 collapse.
Señor Jeb shows every indication of being as corrupt and as much of a crony awarder as Hillary. We need to make sure he gets nowhere near the Republican nomination...either as the Presidential candidate or as the Veep running mate.
3. Jeb Bush
Net worth: $19 million-$22 million
Son of one former president and brother of another, former Florida governor Jeb Bush is one of the leading GOP presidential candidates for the 2016 election. When Bush left the Florida governor’s office in 2007, he was worth an estimated $1.3 million. In his years since holding public office, between the lecture circuit and consulting jobs, Bush has amassed a small fortune. Today, Bush’s campaign aides estimate his net worth to be between $19 million and $22 million. Earlier this year, The Boston Globe reported that the former governor is having a vacation home built on a $1.4 million piece of property in Kennebunkport, Maine. Though Bush is currently trailing Trump in the polls, his campaign has raised more than $11.4 million — about six times the amount the Trump campaign has raised.
El Yebe!
No kidding. I guess it pays to coddle up to a banking institution, but it is unseemly with one that helped peddle mortgage backed securities.
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