Bush cousin at Lehman's apologized to his exec pals for the mere suggestion they go without bonuses:

snip-
Waxman said that in January, Fuld and his board were warned the company’s “liquidity can disappear quite fast.” Despite that warning, he said, “Mr. Fuld depleted Lehman’s capital reserves by over $10 billion through year-end bonuses, stock buybacks, and dividend payments.”

Waxman quoted Fuld as saying in one document, “Don’t worry” to the suggestion that executives go without bonuses.

That suggestion came from Lehman’s money management subsidiary, Neuberger Berman. Waxman quoted George H. Walker, President Bush’s cousin and a Lehman executive who oversaw some Neuberger Berman employees, as responding with a dismissive tone to the idea of going without bonuses. “Sorry team,” he wrote to the executive committee, according to Waxman. “I’m not sure what’s in the water at 605 Third Avenue today.... I’m embarrassed and I apologize.”

article:
http://www.msnbc.msn.com/id/27047714

The protection continues.......

...there's a cousin named Bush Bush Bush Bush.

But his political career is dead for the next twenty years.

Its the republican entitlements that are ruining this country

reward incompetence and you just get more of the same

once you reach a certain level of wealth, you can only fail upward

http://www.lehman.com/who/bios/#GHW

George H. Walker
Global Head of Investment Management
George H. Walker is global head of the Investment Management Division at Lehman Brothers Holdings Inc. In this role, Mr. Walker oversees Asset Management, including Neuberger Berman, Private Investment Management and Private Equity businesses. He is a member of the Firm's Executive Committee.

Previously, Mr. Walker was head of Alternative Investment Strategies for Goldman Sachs Asset Management and a partner of the firm. He served on the firm's Partnership Committee.

Mr. Walker serves as a member of the Board of Directors of Local Initiatives Support Cooperation, a vice chair of the Board of Trustees of The New School and a member of the Board of Overseers of the University of Pennsylvania's School of Arts & Science.

Mr. Walker earned his B.A./B.S. from the University of Pennsylvania and an M.B.A. from the Wharton School.
________________________

I wonder how much this Bush family member has collected in bonuses, stock options, and golden parachutes after heading two major divisions at Lehman Bros. and Goldeman Sachs.

They've certainly all got their fingers - no, their fists - in the money pots.

Do you think he was involved in thinking up the 'alternative strategy' of fraud?

Uh-huh.