Jeb Bush Scams Again Just Like Neil and George
As Reuters reports today, "Stock index futures fell on Thursday as investors fretted about the outlook for corporate profits and news that Lehman Brothers (LEH.N: Quote, Profile, Research) put $1 billion of soured assets onto its balance sheet.
"Shares of Lehman Brothers were down more than 5 percent in Europe after the Wall Street bank said in a regulatory filing it liquidated three floundering investment funds and put $1 billion of assets onto its balance sheet.
"We have entered a very cautious phase with investors very much on edge about earnings,' said Peter Cardillo, chief market economist at Avalon Partners."
An understatement about the financial crisis.
Lehman Brothers and Jeb Bush, now that's a pair; Jeb a "consultant" for Lehman Brothers.
Another scandal associated with the infamous Bush brothers, George, Jeb and Neil; a trio of scam artists, trading on family name and connections, associated with con men, and leaving ruin in their wake, more often for local, state and national taxpayers to pull their chestnuts out of the fire and family name and connections keeping them out of the slammer.
From an article in Counterpunch: "Jeb Bush left Tallahassee for Miami in January 2007, having served two terms as governor. He incorporated Jeb Bush & Co., and in June was hired as a consultant with Lehman Brothers, the Wall Street investment banking firm.
"Coleman Stipanovich, a Bush loyalist, headed the Florida State Board of Administration, responsible for investing billions of dollars of state funds. Stipanovich's brother, "Mac", is a former chief of staff in the governor's office, Jeb Bush campaign manager, and now partner in the law firm, Fowler White, Boggs-the Tallahassee lobbying whip of the Growth Machine (he is also board member of US Sugar).
"In July and August, Stipanovich approved the purchase of $842 million in securitized mortgage bonds from Lehman.
"Today the value of those bonds is practically zero, vanished in the debt crisis that is tipping the national economy into a recession.
"Any fiduciary that bothered with due diligence could see in the overdevelopment of Florida that the bubble in housing markets would pop, and that financial instruments that created the bubble would vanish into the ether.
"The implosion in housing markets could have been seen from the Space Shuttle.
"The behavior of the anti-Robin Hoods in low places only reflects what happens in high places, where disaster capitalism is held in esteem.
"In the case of Lehman and the State of Florida, not only is the money gone but the commission and fees on those bond deals are gathering interest in someone else's bank account."
Jeb Bush is again involved in another scandal. His history is replete with them. But the press and Florida voters didn't seem to care.
Jeb helped implement one of the biggest frauds in Medicare history to the tune of cheating the government out of $12 million which was a lowball figure. Since Daddy was VP of the US, Jeb skated out of that corruption scandal and crime which never saw trial because the main con man skipped out to Caracas and was never extradited. For more Jeb criminal and other shady shenanigans check here.
Let's look at another snake oil salesman Bush son and brother, Neil.
A thumbnail sketch from Mother Jones, "Neil served as a director of Silverado Banking, Savings and Loan in Denver, Colorado, from 1985 until 1988. During that time, the now-dead thrift made over $200 million in loans to Neil's two partners in JNB Exploration, Neil's abysmally unsuccessful oil company. Silverado's failure was due at least in part to the fact that Neil's two partners welshed on $132 million in loans.
"Federal regulators determined that, while Silverado was pumping loans to Neil's two associates, Neil was completely dependent on the two men for his income. The failure of Silverado -- its closure delayed until after the 1988 election -- cost taxpayers about $1 billion."
Yes, because his Poppa was VP of the US, Neil skated on that one, just like his two brothers, Dubya and Jeb did with their many scandals.
When you're banned from banking, you go into educational software.
"In 1999, he launched Ignite! which had some baggage, But now we learn that the inspector general of the Department of Education is investigating whether or not schools improperly used funds obtained through the No Child Left Behind Act to pay for the Ignite products. The very same No Child Left Behind Act, of course, that his brother signed into law shortly after arriving at 1600 Pennsylvania Avenue.
"Critics argue that Ignite's products do not meet the standards of the No Child law, and that school districts in Texas, Florida, and Nevada buy the software for political consideration."
Even Momma Bush got into the act with donations for Katrina tied to Neil's product.
Currently, while the US Department of Education's Inspector General is investigating possible inappropriate use of federal funds for Ignite, Neil is down in Paraguay shilling for the Reverend Sun Myung Moon, founder of the Washington Times, leader of the mass weddings Unification Church, tax evasion ex-convict, supporter of Nixon, Reagan, and Bush One and Two who have lengthy financial and political ties to Moon who considers himself the second coming of Christ.
Moon was also crowned by some members of Congress in a ceremony in 2004 where he proclaimed, "that he was 'sent to Earth . . . to save the world's six billion people. . . . Emperors, kings and presidents . . . have declared to all Heaven and Earth that Reverend Sun Myung Moon is none other than humanity's Savior, Messiah, Returning Lord and True Parent.' "
Ah, those family values scamming and shilling Bush boys!
"Shares of Lehman Brothers were down more than 5 percent in Europe after the Wall Street bank said in a regulatory filing it liquidated three floundering investment funds and put $1 billion of assets onto its balance sheet.
"We have entered a very cautious phase with investors very much on edge about earnings,' said Peter Cardillo, chief market economist at Avalon Partners."
An understatement about the financial crisis.
Lehman Brothers and Jeb Bush, now that's a pair; Jeb a "consultant" for Lehman Brothers.
Another scandal associated with the infamous Bush brothers, George, Jeb and Neil; a trio of scam artists, trading on family name and connections, associated with con men, and leaving ruin in their wake, more often for local, state and national taxpayers to pull their chestnuts out of the fire and family name and connections keeping them out of the slammer.
From an article in Counterpunch: "Jeb Bush left Tallahassee for Miami in January 2007, having served two terms as governor. He incorporated Jeb Bush & Co., and in June was hired as a consultant with Lehman Brothers, the Wall Street investment banking firm.
"Coleman Stipanovich, a Bush loyalist, headed the Florida State Board of Administration, responsible for investing billions of dollars of state funds. Stipanovich's brother, "Mac", is a former chief of staff in the governor's office, Jeb Bush campaign manager, and now partner in the law firm, Fowler White, Boggs-the Tallahassee lobbying whip of the Growth Machine (he is also board member of US Sugar).
"In July and August, Stipanovich approved the purchase of $842 million in securitized mortgage bonds from Lehman.
"Today the value of those bonds is practically zero, vanished in the debt crisis that is tipping the national economy into a recession.
Senate President Ken Pruitt, another Bush loyalist, huffily defended the state investment pool with Indian River county officials, 'No one put a gun to your head.'
"Any fiduciary that bothered with due diligence could see in the overdevelopment of Florida that the bubble in housing markets would pop, and that financial instruments that created the bubble would vanish into the ether.
"The implosion in housing markets could have been seen from the Space Shuttle.
"The behavior of the anti-Robin Hoods in low places only reflects what happens in high places, where disaster capitalism is held in esteem.
"In the case of Lehman and the State of Florida, not only is the money gone but the commission and fees on those bond deals are gathering interest in someone else's bank account."
Jeb Bush is again involved in another scandal. His history is replete with them. But the press and Florida voters didn't seem to care.
Jeb helped implement one of the biggest frauds in Medicare history to the tune of cheating the government out of $12 million which was a lowball figure. Since Daddy was VP of the US, Jeb skated out of that corruption scandal and crime which never saw trial because the main con man skipped out to Caracas and was never extradited. For more Jeb criminal and other shady shenanigans check here.
Let's look at another snake oil salesman Bush son and brother, Neil.
A thumbnail sketch from Mother Jones, "Neil served as a director of Silverado Banking, Savings and Loan in Denver, Colorado, from 1985 until 1988. During that time, the now-dead thrift made over $200 million in loans to Neil's two partners in JNB Exploration, Neil's abysmally unsuccessful oil company. Silverado's failure was due at least in part to the fact that Neil's two partners welshed on $132 million in loans.
"Federal regulators determined that, while Silverado was pumping loans to Neil's two associates, Neil was completely dependent on the two men for his income. The failure of Silverado -- its closure delayed until after the 1988 election -- cost taxpayers about $1 billion."
Yes, because his Poppa was VP of the US, Neil skated on that one, just like his two brothers, Dubya and Jeb did with their many scandals.
When you're banned from banking, you go into educational software.
"In 1999, he launched Ignite! which had some baggage, But now we learn that the inspector general of the Department of Education is investigating whether or not schools improperly used funds obtained through the No Child Left Behind Act to pay for the Ignite products. The very same No Child Left Behind Act, of course, that his brother signed into law shortly after arriving at 1600 Pennsylvania Avenue.
"Critics argue that Ignite's products do not meet the standards of the No Child law, and that school districts in Texas, Florida, and Nevada buy the software for political consideration."
Even Momma Bush got into the act with donations for Katrina tied to Neil's product.
Currently, while the US Department of Education's Inspector General is investigating possible inappropriate use of federal funds for Ignite, Neil is down in Paraguay shilling for the Reverend Sun Myung Moon, founder of the Washington Times, leader of the mass weddings Unification Church, tax evasion ex-convict, supporter of Nixon, Reagan, and Bush One and Two who have lengthy financial and political ties to Moon who considers himself the second coming of Christ.
Moon was also crowned by some members of Congress in a ceremony in 2004 where he proclaimed, "that he was 'sent to Earth . . . to save the world's six billion people. . . . Emperors, kings and presidents . . . have declared to all Heaven and Earth that Reverend Sun Myung Moon is none other than humanity's Savior, Messiah, Returning Lord and True Parent.' "
Ah, those family values scamming and shilling Bush boys!
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