Bush Had Deep Ties to Troubled Firm

[DonViejo]

“Previously unreported court documents suggest that” Jeb Bush was more involved with a Florida company “that marketed prefabricated housing materials for use in disaster zones and other places in need … than has been publicly known — and that he deepened his role even as others… grew concerned about its financial practices,” the Washington Post reports.

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http://politicalwire.com/2015/01/20/bush-deep-ties-troubled-firm/

The Washington Post article:

Jeb Bush kept key roles in Florida firm amid signs of trouble

After attending his second meeting as a board member for InnoVida, a Miami-based company that marketed prefabricated housing materials for use in disaster zones and other places in need, Jeb Bush had some follow-up questions.

“Fine board meeting,” Bush wrote in an e-mail to the chief financial officer before requesting details about the company’s liability insurance and politely nudging him that cash-flow data “would be appreciated.”

Bush wouldn’t get his answers until a week after his September 2009 e-mail, and then only in part — the CFO provided him with an “unaudited” financial spreadsheet and said no insurance details were immediately available.

If Bush was troubled by the response, it didn’t prompt him to pull away from InnoVida. He remained on the board for an additional year, leaving after a fellow board member started to unravel the widespread fraud that eventually led to the firm’s demise and the criminal convictions of two top executives.

more
http://www.washingtonpost.com/politics/jeb-bush-kept-key-roles-in-florida-firm-amid-signs-of-trouble/2015/01/19/15f336c8-9ce3-11e4-bcfb-059ec7a93ddc_story.html

[herding cats]

1. Wesley Clark didn't buy what Osorio was selling

Not everyone was ready to sign up. Another high-profile figure Osorio recruited to join the board, retired Army Gen. Wesley Clark, said he declined the offer in 2010 because of doubts about Osorio.

Clark, who ran for president as a Democrat in 2004, said he was initially interested in the board in part because Bush’s presence “kind of attested” to the company. But, he said, he hired a lawyer to check up on it and discovered that Osorio was deeply in debt.

“I’ve learned that when it smells, get away,” Clark said.

He said Osorio “talked a great game, but we became suspicious. It didn’t feel right.”

At the moment the two top pics for the Republican presidential nomination are Jeb Bush and Mitt Romney, both of which are rotten to their core.