'07-Lehman Brothers Hired Jeb Bush As Advisor To Its Private Equity Business

[kpete]

'07-Lehman Brothers Hired Jeb Bush As Advisor To Its Private Equity Business

NEW YORK, Aug 30 (Reuters) - Lehman Brothers has hired Jeb Bush, brother of the President of the United States, as an advisor to its private equity business, a source familiar with the situation said.

Lehman hired another relative of U.S. President George W. Bush last year--George Walker, a second cousin, who heads up the bank's asset management business.

Jeb Bush is the former governor of Florida.

Lehman Brothers declined to comment.

more at:

http://www.reuters.com/article/fundsFundsNews/idUSN3046902620070830

[glinda]

1. WHY IS THIS NOT ON THE NEWS AND AN INVESTIGATION STARTED.

[whistle]

2. Holy crap! This should be everywhere in MSM, another bush failure

...bringing down the banking system

[Old and In the Way]

3. Bush = taxpayer screwed.

I'm surprised the stock didn't tank when the news was announced. I know I'd exit any position when a Bush is involved.

[sicksicksick_N_tired]

4. *cough* Is his dad still heavy in the Carlyle Group?

Who knows? :shrug: Maybe, the Bush curses upon humanity will end up a curse on the Bush family.

:rofl: Omgosh! I'm imagining that asshole Perle and all his constituents having anxiety attacks,...and both Wolfowitts and Rummyack rushing to pull out of sure things!
:rofl:
Oh OH OH!!! Cheney is being cornered and his mechanical heart ain't keeping up with the demand on his oxygen!!
:rofl:

I'm sorry. I'm so B-A-D!!!!

[Selatius]

5. The Bush family has the SHIT TOUCH. Everything they touch doesn't turn to gold; it turns to SHIT.

Know your BFEE.

[Nikki Stone1]

6. The Bushes are globalists and they wanted this crash.

It wrecks to US.

[wildbilln864]

8. exactly! nt

:hi:

[gopbuster]

7. Shaky Lehman Brothers has deep ties to Florida

Shaky Lehman Brothers has deep ties to Florida

By Sydney P. Freedberg, Times Staff Writer
In print: Thursday, September 11, 2008



Troubled U.S. investment bank Lehman Brothers fought to survive Wednesday in a Wall Street crisis that could also rock the Florida agency that manages billions of dollars for the state and local governments.

The bank, which lost nearly half its value in the stock market on Tuesday, announced Wednesday that it would spin off real estate holdings and sell a majority of its investment management division.

The news temporarily buoyed the company's stock, but it finished down 6.93 percent, closing at $7.25. The stock's 52-week high is $67.73, set last Nov. 14.

In Tallahassee, a spokesman for the State Board of Administration, which handles investments for the Florida retirement system and 32 other funds, said it was too early to gauge the impact of the Lehman crisis on the state.

snip----

•The SBA has hundreds of millions in potential losses from mortgage-related securities it bought last year from companies that used the bank as a broker.

•Through the SBA, state and local government are heavily invested in Lehman's own securities.

•Lehman manages the assets in two SBA funds.

snip------

n Florida, Lehman Brothers was one of several brokers that sold the SBA billions in shaky, mortgage-related securities that ran into trouble last year and were eventually downgraded by rating agencies. In November, it sparked a run in which some local government agencies withdrew billions from the SBA's local government fund. The turmoil left some local agencies struggling to pay salaries and bills and led to the resignation of the SBA's executive director.

Gov. Charlie Crist and Chief Financial Officer Alex Sink, who serve on the SBA's three-member board of trustees, have said they suspect Lehman dumped tainted securities on the state.

The SBA also has bought billions of dollars worth of Lehman's own securities in recent months. Many have matured, but SBA records suggest that several are still outstanding.

more.... http://tampabay.com/news/business/article805295.ece

[bobthedrummer]

9. KICK&RECOMMENDED-Thanks for everything you DU kpete!!!

[Dr.Phool]

10. Jebthro bankrupted the state before he left.

This is more salt in the wound.

[Nikki Stone1]

11. Kick

:kick:

[bobthedrummer]

12. .

[bobthedrummer]

13. John Ellis "Jeb" Bush SourceWatch profile

http://www.sourcewatch.org/index.php?title=Jeb_Bush

And who has something on Lehman's bank asset management chief-George Walker???

[bobthedrummer]

14. A kick against the criminal family of DECIDERS

:argh:

[bobthedrummer]

15. Asian markets are open-time for another kick

[vanderBeth]

16. Where there's a Bush

there's a diasaster.

[bobthedrummer]

17. bttt

[bobthedrummer]

18. .

[bobthedrummer]

19. "I ain't gonna work for Maggie's brother no more..." kick