Wall Street widens Bush connection

[seafan]

Wall Street widens Bush connection



Jeb Bush. Former governor joins Lehman Brothers.


Marvin Bush. Co-manager of hedge fund in partnership with Brown Brothers Harriman.


By STEPHANIE MURPHY
Daily News Business and Real Estate Writer

September 16, 2007

Lehman Brothers recently retained former Gov. Jeb Bush, the younger brother of President George W. Bush, as a private equity adviser. His cousin, George Walker, joined Lehman Brothers last year to head its asset management business.
The first brother, who will continue to live in Miami and focus on the firm's Florida business, has already visited Lehman Brothers on Royal Palm Way.

Investment banking is a Bush family tradition.

The Bush brothers' paternal grandfather was the late U.S. Sen. Prescott Bush (R-Conn.). Before serving two terms in the Senate, he worked on Wall Street as a partner at Brown Brothers Harriman.
Their father, former President George H.W. Bush, was a senior adviser to The Carlyle Group, Asia Advisory Board, from 1998 to 2003. The Washington, D.C.-based private equity firm has more than $75 billion under management.

Venture capitalist Marvin Bush, the 50-year-old baby brother of Jeb and George W., is co-founder, managing partner and portfolio manager at Winston Capital Management LLC in McLean, Va.
When Marvin visited Palm Beach in November 2001, it was to launch a partnership between his firm and Brown Brothers Harriman to offer hedge funds to a broader level of investors.

"Marvin Bush co-manages a hedge fund with us and has done a very good job," said James Bertles of Palm Beach, president of Brown Brothers Harriman Trust Co. N.A. Bertles was chairman of the Palm Beach Planning and Zoning Commission until his promotion required him to spend more time in New York.

Read extensively in Mother Jones for more background on how this family operates:


Bush Family Value$

By Stephen Pizzo
September 1, 1992

In 1991, President Bush bristled at a flurry of news accounts that questioned the business ethics of three of his sons. "The media ought to be ashamed of itself for what they're doing," Bush complained. "They have a right to make a living, and their relationships are appropriate," added a White House spokeswoman in June 1992.

Since George Bush has raised "family values" as a campaign issue repeatedly, though, it seems only fair to take a look at his own family. A computer search showed that over the past five years stories have periodically surfaced chronicling the individual business antics of the president's sons -- each riding comfortably through life in the slipstream of his father's growing power and influence.

Although a handful of good reporters for the New York Times, LA Times, Village Voice, and Wall Street Journal have diligently been digging through business records for months, something has been missing: an overview that "connects the dots" in the myriad deals that have been examined, making it clear that cashing in on influence has become a pattern of behavior extending through the first family.

Instead of criticizing reporters, the president might more wisely begin listening to those in government who have watched his sons with mounting worry. A year ago, I sat across a desk from a Secret Service agent who had been assigned to Bush-family security. I rattled off the names of a half-dozen questionable characters who had found their way into business deals with the Bush boys. How had these characters been allowed to get even close to the president's sons?

The agent slumped back in his chair and sighed. "We warn them," he said in a whisper. "But that's all we can do. We can't stop these kids from associating with someone they want to be with. All we can do after warning them is to sweep these guys with metal detectors when they come around."

What follows is a sourcebook of concerns about the president's three sons.

.....

Can't say we haven't been warned.

Gotta watch Jeb closely. He wants to be the next Bush president.

There's an old saying in Tennessee -- I know it's in Texas, probably in Tennessee -- that says, fool me once, shame on -- shame on you. Fool me -- you can't get fooled again. ---George W. Bush, September 17, 2002

[mod mom]

1. I'm sure there is no insider information going to these guys helping them succeed-just like

Hunt Oil chose to sign a contract with the Kurds on a whim.

[groovedaddy]

2. In thick with "The Order"

skull & bones that is

[0007]

3. Jaysus fucking Christ, how dumb can Wall Street get?

Neil Bush didn't get an invite? Neil makes Jebb look like a sick rat in an alley cat fight. I don't get it!

Neil Bush as a member of the board of directors of Denver-based Silverado Savings and Loan during the 1980s' larger Savings and Loan crisis. While daddy was Vice President of the United States, Neil's role in Silverado's failure was a focal point of publicity.

Neil's greedy fingers cost the Silverado's collapse and cost taxpayers $1 billion.


Neil didn't do a day in jail and payed only a $50,000 fine.