Breitbart – Former Florida Gov. Jeb Bush wanted to cash out after he left office, but those business entanglements may hurt him if he chooses to run for the GOP nomination in a party that is increasingly becoming opposed to crony capitalism.
According to a report in The New York Times, “Bush left public office seven years ago with a net worth of $1.3 million and an unapologetic determination to expand his wealth, telling friends that his finances had suffered during his time in government.”
Bush tried to prop up Lehman Brothers before it collapsed and almost took down the financial system with it, eventually costing taxpayers billions of dollars to bail out banks. This galvanized what would become the Tea Party movement. He has also been associated with some troubled and shady companies and executives, as well as a company that promoted Obamacare.
Bush’s associations with Lehman Brothers may prove more troubling for someone the Tea Party already distrusts for his unabashed support of amnesty and the Common Core:
Records and interviews show, for example, that Mr. Bush participated in the fevered, last-ditch efforts to prop up Lehman Brothers, a Wall Street bank weighed down by toxic mortgage-backed securities. As a paid adviser to the company in the summer of 2008, he met with Carlos Slim Helú, a Mexican billionaire, as Lehman sought to persuade Mr. Slim to make a sizable investment in the firm, emails show.
Read more: Breitbart
