How Jeb Bush Funneled Pension Money to Lehman Before Getting a $1.3 Million a Year Consulting Job at the Firm

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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.

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How Jeb Bush’s Recent Speech Bashing Lobbyists Was Organized by Lobbyists

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Last week, the Clinton, Jeb Bush and Marco Rubio campaigns filed reports with the Federal Election Commission to list their lobbyist bundlers, revealing that all three have relied on Akin Gump for campaign cash. In Clinton’s case, her campaign not only used Akin Gump lobbyists as bundlers, but the Clinton campaign treasurer, Jose H. Villarreal, works for Akin Gump’s lobbying division, though he is not registered as a lobbyist. In addition, former Sen. John Sununu, R-N.H., who is now employed by Akin Gump, has been tapped to raise money for the presidential campaign of Gov. John Kasich, R-Ohio, who kicked off his candidacy on Tuesday.

“As a result of the breadth and depth of our experience and relationships, our firm is well positioned to represent its clients — regardless of which party controls the legislative or executive branch,” boasts the Akin Gump website, touting the firm’s lobbying practice.

– From the Intercept article:  Lobbyists Fundraising for Clinton, Bush, Rubio and Kasich Are Coworkers

The most amusing aspect of the run-up the 2016 U.S. Presidential election is to watch establishment Democrat and Republican candidates scramble to reinvent themselves to fit the dramatically changed political environment. While a sizable portion of the American public remains clueless about virtually everything happening the world around them, enough people have woken up to the disastrous fraud that is the two-party political system and they’ve had enough. As a result, you see establishment clowns like Hillary Clinton and Jeb Bush scramble to pretend to be outsiders when they are the consummate insiders. Naturally, this is impossible and watching them flail and flounder like fish out of water is extremely gratifying.

Before I get into the meat of this post, a great article published at the Intercept today demonstrates just how completely captured by corporate money these useless candidates really are. We learn that:

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Jeb Bush’s Deep Love Affair with Lobbyists and Cronyism While Governor of Florida Exposed

 

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In September 2006, with real estate prices in free fall and panic seizing much of the state’s economy, Bush and state officials were debating the merits of a proposed $50 million purchase of forest and wetlands near Orlando, Florida, to protect it from possible future development. The land under consideration was called “Joshua Creek.” It was owned by a developer called Land South Hunters, which was itself an affiliate of Land South Holdings, a company that enjoyed the labors of a well-connected lobbyist in Tallahassee — Rancourt of the Southern Strategy Group.

Bush voiced concerns that the state was paying far too much at a time in which Florida real estate values were plummeting. “I get emotional when a guy a year ago bought something for $32 million and wants to sell it to us for $50 [million],” said Bush, according to minutes from the meeting. “The worm has turned on real estate prices. Every article in the paper, every paper is writing about it. And I just do not believe that we should necessarily be the purchaser that always shows up with the big number.”

After hearing from Bush, state officials opted to defer voting on land acquisition for two weeks. Rancourt then emailed Bush after the meeting seeking to get together to discuss the land deal.

“My purpose is not to make the case for any specific agreement but merely to ascertain if additional information would make it worthwhile to continue discussions on this piece of property,” Rancourt said. “I am happy to arrive alone or to have my client from Lakeland with me at the meeting if that would be beneficial. That is your call of course, as well as if you are interested in sitting down at all. I would appreciate the opportunity but will understand if you have made your decision.”

Bush responded later that night. “Thank you David. If we can schedule something, I am happy to meet,” he wrote. Bush said his aide would meet with Rancourt otherwise, and blind-copied two members of his staff on the email. Two weeks later, Bush and top state officials discussed the project again, with Land South Hunters’ owner and lawyer present.

“If we purchase this, you’re going to make a great profit without any development risk,” Bush told the lawyer, according to minutes of the meeting. “We’re buying it from you, and we don’t factor that into our appraisal. I think that’s just wrong.”

Those concerns notwithstanding, Bush and his cabinet voted to approve the terms of the deal. Not for the first time, Southern Strategy Group had appeared to deliver for its client.

– From IBT’s excellent article: As Florida Governor, Jeb Bush Provided Special Access to Lobbyists

The most disturbing part of the Clinton vs. Bush Presidential spectacle being shoved down the throats of the American public, is that you couldn’t find two more discredited, disingenuous, corruptible, self-interested political family dynasties if you tried. Naturally, this is exactly why the only people with political clout in the U.S., billionaire oligarchs and corporate executives, want these two clowns running against each other. Either way, they win.

While I’ve spent a great deal of time covering the cronyism and greed of Hillary Clinton, Jeb Bush is cut from exactly the same cloth. One of the investigative journalists who has uncovered a lot of the dirt on Hillary, David Sirota of International Business Times, is now out with incontrovertible proof of how America would be governed under a third President Bush. How do we know? Well, because we have plenty of evidence of how he handled things for eight years as governor of Florida.

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