Yes, faithful readers, this dense story is back, and I'm still wondering why Jeb Bush hasn't been called on the carpet over this one. This blog has hacked away on this story (a link here to a post a year ago, too prescient by far in predicting the global financial crisis that is falling into Barack Obama's lap), trying to keep the questions alive:
- Why did Jeb Bush let crappy Lehman Brothers investments sneak into the fund backing up our school boards and police departments?
- Why did Jeb Bush become a well-paid consultant to Lehman after leaving the governor's office two years ago?
- Why hasn't he been called on the carpet? (Oh, sorry, already posed that one.)
As the Herald's story started:
Last fall, a state investment fund in which counties, cities and other local agencies parked extra cash temporarily was the largest in the country, at $26.1 billion.
There was a big run on that fund and it's now down to $5.7 billion, the Herald reports, and agencies can't pull all their money out anymore. Why? Because some of the investments are still crap. Thanks, Jeb. Were you planning to run for any other office anytime in this century?
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