IB Times: Jeb Bush's Administration Steered Florida Pension Money to Donors

[Ebsy]

http://www.ibtimes.com/jeb-bushs-administration-steered-florida-pension-money-george-w-bushs-fundraisers-1880592

Glad to see good ole' boy Jeb was helping out the Pioneers and Rangers. They were facing tough times after George W. Bush won the 2004 presidential election. I wonder if they invested that pension money in subprime mortgages.

[bobloblaw]

Rubio is going to become the "establishment" candidate by summer.

I saw that Bush doesnt even have an exploratory committee.

[Amenhotep Bakari-Sellers]

Good, Hilary will be best to perform against a tea partier like Marco Rubio. Outside of immigration, he's outside of mainstram, especially on health care, who wants mandate repealed, which Clinton will clearly like the debate to focus on.

[bobloblaw]

Good, Hilary will be best to perform against a tea partier like Marco Rubio. Outside of immigration, he's outside of mainstram, especially on health care, who wants mandate repealed, which Clinton will clearly like the debate to focus on.

if you think Bush is the strongest GOP nominee, think again.

[Simfan34]

This is made to sound much worse than it really is, just look at the firms they're mentioning-

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Everyone has pension money in these bulge bracket firms, and those firms usually donate to both sides. Florida would have had to go out of its way to not invest in them. At worst, it's akin to saying "financial sector leans Republican". It's a pure non story, but the alarming but admittedly impressive thing about it is how they make it sound.

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As did virtually every other state pension fund. This really is a non-story but Bush is going to have to be careful how he responds to this, since to the uninformed listener it sounds like "CRONY CAPITALIST CORRUPTION OH".

[Ebsy]

Every other state pension fund wasn't overseen by the brother of the president of the United States.

[Simfan34]

Every other state pension fund wasn't overseen by the brother of the president of the United States.

Your point being?

[Ebsy]

It's an obvious conflict of interest. Today, it would be illegal.

[Sumner 1868]

It's an obvious conflict of interest. Today, it would be illegal.

The Bush family is very experienced in illegal activity.

[Simfan34]

It's an obvious conflict of interest. Today, it would be illegal.

It's not a conflict of interest to continue doing business with a firm that was involved before he ever did. By that standard pretty much every governor or major elected pension fund manager has a "conflict of interest". I mean why don't we go writing the same thing about Rick Perry?

You're essentially suggesting that what Jeb should have done is prevent any of these firms from managing the state's pensions, which essentially means- because it looks like all the major firms gave to GWB- the money should have gone uninvested.