He needed most of it to pay for his wife's shopping sprees....
In Paris, Rome, Where ever.....
Posted on 08/19/2015 8:44:38 PM PDT by Nachum
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
At this point, it almost feels like kicking someone while he’s down. Jeb Bush can’t even stand up to Donald Trump, let alone his own growing series of scandals.
In the latest revelation from David Sirota and team at International Business Daily, we learn that:
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.
Next time, please just ride off into the sunset and paint landscapes with your brother.
Weeks after Bush took the Lehman job, the Florida State Board of Administration (SBA) — a three-member body that makes investment decisions about state pension funds and whose ranks had recently included one Jeb Bush — gave Lehman additional business: SBA purchased $842 million worth of separate investments in Lehman’s mortgage-backed securities. Over the course of one year from June 2007 to June 2008, the SBA would shift an additional $420 million of pension money into the same fund in which the state had begun investing under Bush.
(Excerpt) Read more at zerohedge.com ...
So damn corrupt. This is how his class operates. Sends them 250 million in Florida pension fund business, and they hire him as a “consultant” for 1.3 million.
An honorable politician would know this was corrupt on the face of it.
Gee I wonder if Don Trump has seen this.
[Bush secured a job as a Lehman consultant for $1.3 million a year]
Well, well, well.
One wonders how much cash he’s making off the Cheap Labor Express to the point he’d sell out any struggling American.
The Bush NWO - big bucks if you can get it.
Big bucks for Dems, too.
More here:
Jeb Bush Got $1.3M Job At Lehman After Florida Shifted Pension Cash To Bank
in 2006, as Florida moved another $87 million into the Lehman investment, the firm hired Jeb Bush’s cousin, George Herbert Walker, to run the firm’s investment management division.
http://www.freerepublic.com/focus/f-news/3326482/posts
“If you ignore our shaky situation, we’ll give you a healthy cut.”
That sounds more like a crime, or at least malfeasance, than a fiduciary making a sound business decision.
Mebbe it’s Hillary’s turn to pin a medal on Yeb?
He needed most of it to pay for his wife's shopping sprees....
In Paris, Rome, Where ever.....
I guess the $335 million lost on Enron stock was just a warmup.
Uh Oh!!!!!
Jeb allegedly has attack ads coming out on Trump. Trump will be using this no doubt.
Jeb, you’re done.
And the “Bush’s Money” book hasn’t even come out from Peter Schweizer. That should take out Bush
We know his wife has “Ethical issues “shall we say. We know she was caught coming into the country and trying to defraud by not claiming tens of thousands of dollars worth of Paris couture. Ooh la la. Did anyone really think that he didn’t share the values of his wife and family, his druggie daughter? The whole family is just a bunch of thieves, with no morals.
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