Memo to Miami Herald: Need story on our losses on Stuyvesant Town

Where’s the Miami Herald on this story? Referring to the fiasco now two years old with the Florida State Board of Administration and the way it lost money – taxpayers’ money that was supposed to be held in close and careful trust for pension funds, hospitals and the like.

This blog has been mad as hell and not standing for it any more for some time with main focus on Jeb Bush and his well-paid gig with Lehman Brothers after he left the governor’s office, whereupon Lehman went belly-up and the Lehman investments Jeb pushed on us became worthless.

There’s another famous episode, however, that’s now maturing to Florida’s detriment, and I don’t see it properly explicated in the Herald. It surfaced in New York early this week when Tishman Speyer caved on the $5.4 billion developments at Stuyvesant Town and Cooper Village. This cost Florida $250 million plus spare change amounting to millions, and you can read about it in the Jacksonville newspaper. But not in the Herald.

Is this a political decision, or is the Herald’s financial investigative staff overwhelmed?

Anyway, we need to have the Herald nag the perpetrators until they lay out their roles in this. And they are Charlie Crist and Jeb Bush. Meanwhile, you can read about it in the Jacksonville paper and in the New York Times today, which is looking at how the Democrat Andrew Cuomo is getting tons of campaign money from real estate interests, including Tishman.

A recent post on this topic can be found at this link. Or look up Jeb Bush on the tags list on the right.