Jeb Bush Gets His Licks

http://www.mcclatchydc.com/251/story/52544.html McCain hits administration policy, but doesn't name Bush By Mary Ellen Klas Miami Herald "Sitting behind McCain was former Gov. Jeb Bush, who was hired a year ago by Lehman Brothers as a financial consultant. As governor, Bush served on the three-member State Board of Administration that agreed to let the state's retirement fund buy a series of questionable mortgage-backed bonds from Lehman Brothers. The subsequent steep drop in value prompted a $9 billion run on the fund last December by local governments who had invested their money in the SBA managed fund." AND http://www.mcclatchydc.com/251/story/52543.html Lehman bankruptcy hits Florida state pension funds By Beatrice E. Garcia Miami Herald "The bankruptcy of Lehman Brothers, a prestigious Wall Street firm, will touch Florida's pension funds and the state-run insurer because both hold its securities. The State Board of Administration holds $322 million in Lehman stock and bonds. The SBA manages the state's employee fund and more than two dozen other funds, including assets for the Florida Hurricane Catastrophe Fund and the Florida Prepaid College Plan. Dennis McKee, a spokesman for the SBA, said the agency has an $84 million unrealized loss on its holdings. About two-thirds of the securities are held by the Florida Retirement System, which includes the pension funds for local counties such as Miami-Dade and Broward. The rest is spread out in the catastrophe fund and the Lawton Chiles Endowment Fund, which helps fund Medicare." Is there any Bush offspring with any sense of honor and morality?