Jeb Made Millions By Bankrupting Florida Pension Funds

[GoLeft TV]

According to a new report from the International Business Times, Jeb Bush cashed in big time by handing over the pension funds of Florida’s public employees to a bank that went bankrupt in the economic collapse.

The Times reports that Jeb Bush, while governor of Florida, directed more than $250 million worth of public employee pension funds – pensions from teachers, police, and firefighters among others – into accounts managed by Lehman Brothers. Governor Bush soon after directed $1.2 billion worth of public funds to the bank to manage. When the economy crashed, the bank lost more than $1 billion worth of Florida taxpayer money and retirement funds.

Ring of Fire's Farron Cousins discusses this.

[Scarsdale]

1. So?

That is the way these Bushes do business. Neal Bush walked away from Silverado Savings and Loan with HIS share, while others sank or went to prison. The name gets them in the door, they do not care how unethical the people they do business with are, as long as the check clears. Jeb is the "smart one" in a family of basement level I.Q.'s. Their I.Q.'s are equal with their level of ethics. Georgie the sock puppet, is now raking in between $100,000 and $200,000 per speech, plus private jet. This is what Jeb envisions for himself.

[Angry Dragon]

2. it is the Nazi banker blood flowing through his veins

got it from prescott

[Faux pas]

3. Kickin'

[think]

4. And Jeb's cousin George Herbert Walker got a job too..... /nt

[Baitball Blogger]

5. You all remember Enron?

That's where they invested the teacher's fund.

[pacalo]

6. And now he'd like their votes so that he can ruin more lives on a national level.

[Chasstev365]

7. Treasonous A-Holes

This entire family needs to be exposed and locked up. It sickens me that they get away with shit all the time!

[valerief]

8. Same-old same-old from these GOP pricks. nt

[WhoIsNumberNone]

9. Two members of his immediate family have been President, and he's a Washington outsider?

Is there perhaps a bridge he'd like to sell me too?

[mrdmk]

10. Wishing there was more to this report! n/t