Jeb Bush At Lehman Brothers: Florida Official Joked About Bush’s Influence Over State Pension

IBT ^ | 10/15/15 | Andrew Perez

[jimbo123]

It was early 2008, and Florida lawmakers were under pressure to explain how the state’s pension officials had come to buy massive quantities of toxic assets from Lehman Brothers. After the investments defaulted, politicians wanted to know whether Jeb Bush -- who joined the Wall Street firm in 2007 as a consultant just months after leaving the governor’s office -- had been involved in persuading his former government colleagues to invest state money in Lehman.

Bush has denied any involvement in the transactions, which might eventually cost Florida taxpayers as much as $1 billion.

But a state official named Michael Lombardi -- who managed investments for the part of Florida’s pension that bought Lehman assets -- invoked Bush’s name in a Jan. 9 email exchange with a Lehman managing director who was announcing his new job at the firm.

[ZULU]

Crony capitalism

[ameribbean expat]

Down a billion bucks...that’s what you get when you don’t stay out of the Bushes...

[ilovesarah2012]

I get the feeling that if Jeb’s last name weren’t Bush, he would be flipping burgers. He just doesn’t strike me as very intelligent.

[ZULU]

Columba is the brains of the family

[Liz]

Donald knows all those Wall Street guys.....I just can't wait til Donald gets ahold of this gem about Jebbie and Lehman.

We also need to know what Jebbie did to assist the Congressional Hispanic Caucus when it launched "Hogar" (Spanish for home). Hogar colluded to hand out mortgages to unqualified latinos; as long as they could breathe and write an X, they got a mortgage they had no intention of paying back.

This wrecked our economy. America Taxpayers were forced to foot the bills for the multi-billion dollar bailouts.

[Liz]

MEMO TO DONALD: you need to tell America about the Hillary-Goldman Sachs connection.

Then-US Sen Clinton and then-Sen Corzine on the Capitol steps.

EXHIBIT ONE Corzine was fresh out of Goldman Sachs executive suite, buying his NJ Senate seat office for $65 million; then buying the NJ governorship. Out of office, he ran a hedge fund where $1.5 B went missing....that employed both Bill Clinton and then-Secy of State Hillary's top aide Huma Abedin.

EXHIBIT TWO When Chelsea Clinton's husband started a hedge fund, he gained access to investors who had ties to the Clintons and to Goldman Sachs. Back in 2011, Mezvinsky, now 37, and two former Goldman Sachs'ers — Bennett Grau and Mark Mallon — began raising money for Mezvinsky's Eaglevale Partners LP hedge fund.

Some of Mezvinsky's investors included Goldman Sachs CEO Lloyd Blankfein. Blankfein, a slavish Democrat supporter, said he had "always been a fan of Hillary Clinton."

The WSJ reported extensively on the hedge fund's underperformance since its inception and Mezvinsky's mediocre investing and strategizing.

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There's a saying in Congress---"One hand washes the other." You vote for my bill; I vote for your bill.

So did Did Hillary vote for Corzine's legislation....giving tax breaks for a Japanese bank Corzine's "blind trust" owned?

EXHIBIT THREE Then-US Sen Jon Corzine (D-NJ), used his office to pass a special tax exemption for a Japanese bank he owned----his Goldman Sachs crony, Christopher Flowers---adminstrator of Sen Corzine's "blind trust"--- used Corzine's assets to takeover the Japanese bank.

LAUGH BREAK Corzine later said he "did not know" the legislation he sponsored "benefited" him.

NEED TO KNOW What other deals did Corzine make w/ with Hillary to enrich himself...and her?

[Liz]

AFTER THE WALL STREET DEBACLE, Obama announced a trillion dollar stimulus package and that VP Biden would be in charge of "keeping track of every penny." Later investigators found 1900 cases of stimulus wrongdoing

"Hi there, Americans. Obama put me in charge of the trillion dollar stimulus. My son and brother are gonna help me disperse the money. "

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Offshore Fraudster had links to offshore fund run by VP's relatives
Reuters on Yahoo | 2/23/09 | BY Ajay Kamalakaran

(Reuters) – A fund of offshore hedge funds run by two members of VP Joe Biden's family was marketed exclusively by offshore firms controlled by Texas financier Allen Stanford, charged by regulators with an $8 billion fraud, the Wall Street Journal said.

The Bidens $50 million fund was jointly branded between the Bidens' Paradigm Global Advisors LLC and the offshore Stanford Financial Group entity headquartered in Antigua, and was known as the Paradigm Stanford Capital Management Core Alternative Fund, the paper said. Stanford-related offshore companies marketed the Biden fund to investors and also invested about $2.7 million of their own money in the fund, the paper said, citing a lawyer for Paradigm.

Paradigm Global Advisors is owned through a holding company by the vice president Biden's son, Hunter, and Joe Biden's brother, James, according to the WSJ. Paradigm's attorney, Marc LoPresti, who represents Hunter Biden and James Biden, as well as Paradigm, told the paper he did not know which Stanford entity invested the roughly $2.7 million. (Excerpt) Read more at news.yahoo.com ...

NOTE A lawyer for Hunter Biden and James Biden told reporters the Bidens NEVER met or communicated with Stanford. (/snicker)

Stanford is in jail for 110 years---but the Bidens got off scot-free.

[freeonefrom]

I would ask Why wasn’t Lehman Brothers bailed out like a lot of the rest of them. It might have something to do with Lehman Brothers politics and who ran the company.