Jeb's just a face in the crowd - almost

http://www.sun-sentinel.com/business/realestate/sfl-pcjeb10feb10,0,5317905.story?coll=sfla-busrealestate-headlines

Before Bush decides his next move, he is adjusting to all the little -- and not so little -- things that change when a person is suddenly no longer governor. Bush told the class of middle school students he's enjoying his newfound freedom, without a driver or security detail. "It's kind of confining to have people all around you all the time," he said. "I like to get in my car and go and be a normal person."

The downside: He's relearning how to survive Miami's clogged highways and has talked about getting a global positioning system for his car. "The most difficult thing for him is to not answer with his BlackBerry when he drives," said Slater Bayliss, a lobbyist and former personal assistant to the governor. Miami attorney Al Cardenas, former state Republican Party chairman, said Bush is "getting used to doing things himself, makes his own appointments, answers his own phone."

Brogan said Bush and his wife are enjoying the changes. "It's really a change to ... take your wife to the movies and not sit in the back of a car like you're going to the prom," he said. "It will be a transition that everywhere he goes, there is not an international press corps waiting for him, and he'll be getting on a plane that says `Delta' instead of the state's plane." Many expect him to re-enter the business world. Bush started his professional life working for a Texas bank, heading up its Venezuela office, and later became a millionaire while partner of a commercial real estate firm.

"...became a millionaire while partner of a commercial real estate firm"

I'll just bet he did.

Jeb and Armando Codina

Shortly after arriving in Miami, Jeb was hired by Cuban-American developer Armando Codina to work at his Miami development company as an agent leasing office space. A couple of years later, Jeb and Codina became business partners, and in 1985 they purchased an office building in a deal partly financed by a savings and loan that later failed.

The $4.56 million loan, from Broward Federal Savings in Sunrise, Florida, was granted in such a way that neither Codina's nor Bush's name appeared on the loan papers as the borrowers. A third man, J. Edward Houston, borrowed the $4.56 million from Broward and then re-lent it to the Bush partnership. When federal regulators closed Broward Savings in 1988, they found the loan, which had been secured by the Bush partnership, in default.

As Jeb's father was finishing his second term as vice-president and running for the presidency, federal regulators had two options: to get Jeb Bush and his partner to repay the loan, or to foreclose on their office building. But regulators came up with a third solution. After reappraising the building, regulators decided it wasn't worth as much as was owed for it. The regulators reduced the amount owed by Bush and his partner from $4.56 million to just $500,000. The pair paid that amount and were allowed to keep their office building. Taxpayers picked up the tab for the unpaid $4 million.

After the Broward Savings deal was revealed, Jeb described himself and his partner as "victims of circumstances."

http://www.motherjones.com/news/feature/1992/09/bushboys.html More at the link of Jeb money making schemes.

Jeb and Camilo Padrera
By 1984, Jeb had been made chairman of the Dade County Republican party, and it was as Republican party chief that he nuzzled up to con man Camilo Padreda. Padreda was serving as Dade County GOP finance chairman and had raised money for the party from Miami's Cuban community. (He had also been a counterintelligence officer for deposed Cuban dictator Fulgencio Batista.) Padreda made his living as a developer who specialized in deals with the corrupt Department of Housing and Urban Development. In 1986, he hired Jeb as the leasing agent for a vacant commercial-office building, which Padreda had built with $1.4 million in federal loans -- loans approved by HUD officials, oddly enough, even though they knew there was already a glut of vacant office space in Miami.

Like so many of those who would attach themselves to the Bush sons over the years, Padreda brought some hefty luggage with him. In 1982, four years before teaming up with Jeb, Padreda, along with another right-wing Cuban exile, Hernandez Cartaya, was indicted and accused of looting Jefferson Savings and Loan Association in McAllen, Texas. The federal indictment charged that the pair had embezzled over $500,000 from the thrift. (Cartaya was also charged with drug smuggling, money laundering, and gun running.) But the Jefferson Savings case would never go to trial.

Soon after the indictment, FBI officials got a call from someone at the CIA warning the agents that Cartaya was one of their own -- a veteran of the failed Bay of Pigs invasion -- according to a prosecutor who worked on the case. In short order, the charges against Padreda were dropped and the charges against Cartaya were reduced to a single count of tax evasion. (Assistant U.S. Attorney Jerome Sanford was furious and filed a demand with the CIA, under the Freedom of Information Act, for all documents relating to the agency's interference in his case. The CIA, citing national-security reasons, denied Sanford's request.)

In 1989, Houston Post reporter Pete Brewton wrote about Jefferson Savings and Cartaya in a series of stories alleging that CIA operatives and contractors had systematically misused at least twenty-six savings and loans during the 1980s as part of a secret program to fund illegal "off-the-shelf" covert operations, particularly those aiding the Nicaraguan contras. (CIA officials denied the charge, but admitted to the House intelligence Committee in 1990 that former CIA operatives had been working at four of the S&Ls named in Brewton's article. A CIA spokesman claimed that agency operatives had done nothing illegal.)
(snip/...)

and.....

Jeb and Miguel Recarey
With Miami awash in empty office space in 1986, it was no small event when bagged International Medical Centers as a key tenant for Padreda's HUD-financed building. IMC, which leased nearly all the space in Padreda's vacant building, was at the time one of the nation's fastest-growing health-maintenance organizations (HMO) and had become the largest recipient of federal Medicare funds.

IMC was run by Cuban-American Miguel Recarey, a character with a host of idiosyncrasies. He carried a 9-mm Heckler & Koch semiautomatic pistol under his suit coat and kept a small arsenal of AR-15 and Uzi assault rifles at his Miami estate, where his bedroom was protected by bullet-proof windows and a steel door. It apparently wasn't his enemies Recarey feared so much as his friends. He had a long-standing relationship with Miami Mafia godfather Santo Trafficante, Jr., and had participated in the illfated, CIA-inspired mob assassination plot against Fidel Castro in the early 1960s. (Associates of Recarey add that Trafficante was the money behind Recarey's business ventures.)

Recarey's brother, Jorge, also had ties to the CIA. So it was no surprise that IMC crawled with former spooks. Employee résumés were studded with references to the CIA, the Defense Intelligence Agency, and the Cuban Intelligence agency; there was even a fellow who claimed to have been a KGB agent, An agent with the U.S. Office of Labor Racketeering in Miami would later describe IMC as a company in which "a criminal enterprise interfaced with intelligence operations."

Recarey also surrounded himself with those who could influence the political system. He hired Jeb Bush as IMC's "real-estate consultant." Though Jeb would never close a single real-estate deal, his contract called for him to earn up to $250,000 (he actually received $75,000). Jeb's real value to Recarey was not in real estate but in his help in facilitating the largest HMO Medicare fraud in U.S. history.
(snip/...)

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Everyone's been looking at Neil as the "black sheep" due to his Silverado thing, but JEB's is involved in extremely crooked deals all the way up to his grisly eyebrows. My God.

Thanks for posting this link. It's very well done.

If anyone in their research ever comes across the name --- Ed Morales --- please let me know. He is a Cuban whom may of had ties with a Mortgage company in Puerto Rico, I think around the time of the beginning of the Castro Revolution.

If we had a media, none of these pricks would be anywhere near an elected public office.

"....and later became a millionaire while partner of a commercial real estate firm."

Jeb and partners would buy a property as a corporation and then turn around and
declare bankruptcy ..... the bank would get the property and then Jeb and friends
would buy it for dimes on the dollar.

I always was trying to figure out ---- how my grandfathers Supermarkets, and Real Estate estate, was looted by Repuke lawyers in Miami ---- and why the Repuke looters may currently be defended by a law firm with ties to leaders of the GOP campaign, in Florida. That same bank was the top Jeb Bush campaign contributer, and was the major bank that money laundered money for the 9/11 terrorists.

That bank is full of spooks

I'll quote it again

"Texas bank, heading up its Venezuela office"

And which Whitehouse is hot for Hugo?

nt

We will have to beat back members of the Bush family from power for the rest of our lives.

:puke:

Too bad that whole family's ancestors ever cursed our shores.

And he did this just last year, before leaving office, for his former business partner Codina, with whom he is still very close.

Jeb never misses an opportunity to say, "Thanks, Armando," for that first cool million in the 1980's.


Jeb Bush in '06 facilitated Office Depot deal for benefit of former business partner, Armando Codina