Lehman hired Jeb Bush as private equity advisor in '07

News Updates from Citizens For Legitimate Government

15 Sep 2008

http://www.legitgov.org/



Lehman hires Jeb Bush as private equity advisor 30 Aug 2007 Lehman Brothers has hired Jeb Bush, brother of the President of the United States, as an advisor to its private equity business, a source familiar with the situation said. Lehman hired another relative of U.S. President [sic] George W. Bush last year--George Walker, a second cousin, who heads up the bank's asset management business.

Lehman Brothers files for Chapter 11 protection 15 Sep 2008 Lehman Brothers, a 158-year-old investment bank choked by the credit crisis and falling real estate values, filed for Chapter 11 protection in the biggest bankruptcy filing ever on Monday and said it was trying to sell off key business units. [Lehman Brothers, a 158-year-old banking institution, survives the Industrial Revolution and two world wars... but not Bush.]

Dow falls 500 points in worst day since 2001 --Investors react to Lehman Brothers bankruptcy and Merrill Lynch sale 15 Sep 2008 A dramatic makeover of Wall Street sent stocks falling precipitously Monday, with the Dow Jones industrials sliding 500 points in their worst point drop since the September 2001 terrorist attacks. Investors reacted badly to a shakeup of the financial industry that took out two storied names: Lehman Brothers Holdings Inc. and Merrill Lynch & Co.

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