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Thursday, September 18

FLASHBACK: Aug. 30, 2007 -Lehman hires Jeb Bush as private equity advisor

From 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.


Neil Bush: The brother of the current president, son of the elder Bush, and another do-nothing embezzler was part of yet another huge financial meltdown. This was known as the Savings and Loan scandal (S&L). From Salon:

Long before that, in the late 1980s, Neil Bush made bigger news for his controversial role as a director of Silverado Savings and Loan, which collapsed and cost taxpayers roughly $1 billion. (Federal regulators accused Bush of various conflicts of interests, but he was never charged. A civil suit against Bush and other Silverado officers was later settled for $26.5 million.)

"The individual is handicapped by coming face to face with a conspiracy so monstrous he cannot believe it exists."
~ J. Edgar Hoover

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