Sorry for the short and not-so-sweet diary. Just in case anyone was wondering why no one else on Wall Street stepped forward when the Federal Reserve demanded that someone bail out Lehman....
Lehman hires Jeb Bush as private equity advisor
Thu Aug 30, 2007 5:36pm EDT
NEW YORK, Aug 30 (Reuters) - 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 George W. Bush last year--George Walker, a second cousin, who heads up the bank's asset management business.
Jeb Bush is the former governor of Florida.
Lehman Brothers declined to comment.
(Reporting by Dan Wilchins)
I mean, what else is there to say, really? It only took one year of financial malfeasance under members of America's "Midas touch" crime family to run a 148-year-old business totally into the ground.