Jeb Bush’s Big Lehman Brothers Problem
Charles Gasparino
Why wont the Republican hopeful come clean about his involvement with two of Wall Streets biggest banks?
Jeb Bush says he released 33 years of tax returns this week because he wants to be the most transparent candidate to run for president in 2016. But if thats really the case, why is he continuing to obfuscate some of his most lucrative and potentially controversial business dealings he had before announcing his candidacy like his work as an
adviser for investment bank Lehman Brothers?
So, if Jeb wont tell you what Jeb exactly did while working on Wall Street, in the interests of transparency and disclosure, I will try.
Not much is known about what Bush actually did for Lehmanthe firm that went belly-up in 2008 and sparked the wider financial crisis, and Barclays, the bank that
purchased Lehman out of bankruptcy and continues to work out of its midtown Manhattan headquarters. He began working for the former after his term as Florida governor ended in 2007, and continued working for the latter until the end of 2014, when he decided to run for president.
The two banks were his biggest sources of income in recent years: Bush earned more than $14 million working for Lehman and then Barclays, which based on my understanding of simple math accounted for nearly half of the $29 million he made after he left government. Yet in Tuesdays disclosure, and even in many of his public comments, Bush has downplayed his work for the two banks.
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http://www.thedailybeast.com/articles/2015/07/02/jeb-bush-s-big-lehman-brothers-problem.html