I'MMA LET YOU FINISH
"The only hitch was that it ended up producing poor performance and for more money. Other than that it worked great."
LOL!
Somebody artistically inclined should draw a cartoon with Jeb and the Florida state employee pension fund wearing dunces caps.
just to repeat, Edison insiders do indeed plan to dump their stock:
http://finance.yahoo.com/q/it?s=edsn
Like how he tied in Enron... no connection, though! Nothing to see! All is well!
As trustee of the pension fund, Jeb has a fiduciary duty to act in the interest of the employees and retirees. Can he be sued for breach of fiduciary duty for this?
It's like every failure-stained son of a millionaire is lining up to make wink 'n handshake deals with one another. Affirmative action for rich, white guys. Nice. Will it ever get national attention the way university admissions do? It should.
This is why world banks just love conservatives and cook-up schemes. So these new investment strategies is damn pre-mature. The Bushies want to set-up business before there is any legitimate Iraq government. So setting-up business opportunities in Iraq is bit like offer businesses in Vietnam during the Vietnam War era.
There is no guarantee that any buisness venture will be honestly fruitful – Bush is tuning Iraq in open bazaar, a sleezy little flea market for taxpayer looting schemes.
Hopefully NO honest banker would loan a penny on Bush’s ideas-because all the money must come from taxpayer loans.
There is place for people like Bush and Cheney – its called federal pen.
This is why I don't like Dean and Kerry calling for Rumsfeld and Wolfowitz to resign-I don't want them walking away after all the criminal acts Bush's cronies did to this country, and indeed the rest of world. Those men lied and killed for profit.
When is Jeb up for reelection? I'm sure there are many retirees that don't like this one bit - even the ones who voted for Buchanan.
I'm sure the teachers union will be making a big fuss about this. That's pretty ironic though to invest in a worthless company bidding for your downfall. Would be like the Coke employees investing in Pepsi. Pure Genius if it is allowed to stand.
I hope this story gets picked up by the LIBERAL PRESS.....this is one of the most outrageous things I have heard in a long time...and I support the concept of private companies running schools....but this is jaw dropping.....and if this is not Crony Capitalism I do not know what is. This is just unbelievable!!
Well, I don't know about the rest of the media, but Josh sure smells the blood in the water.
Go, Josh!
Let's think about this for a minute. The money to bail out Edison is coming from the pension fund of Florida teachers... now, I'm not much on Florida politics, but could you pick a worse group to piss off than elderly teachers union workers???
What's next, is Jeb gonna announce he's trading in all the cops bulletproof vests in order to subsidize free hollow-point bullets for convicted felons?
I think maybe Jeb might have overreached, on this one. Hard to say, I know...
This had better become big news in Florida and soon. It should create such a big stink, it leads to further investigations of allegations of malfeasance against the Florida governor, including the drive to disenfranchise black voters in you-know-which election.
I just hope I'm not living in a total fantasy world. Using state employee's pension money to buy out failing businesses of political friends is about as low as you get without engaging in assassination.
uh -------
I may not be the most astute comment provider -- especially after three stiff gin-and-tonics on a Saturday afternoon --- BUT doesn't this fall in the same "GM (or Ford or Chrysler OR a combine of the Big-Three) buy the patent (i.e. CONTROL) of the "150 mile per gallon carburator and SUPPRESS IT'S USE" bin of economic tales????????
Ignoring the past decline of Edison School Performace (their tale would be -- Gosh, Folks!!!! We all's just was on the verge of coming out of our performing slump an' the Nasty teacher's UNION bought us out and torpedoed alls our good work!!!) ---
The CONservative line will be --"What can you expect from a bunch of Socialist Unionists????!!! They only believe in protecting their jobs and planting landmines in the path of the sweet true light of capitalistic privatisation!!!!!! --- THAT is why they bought out the Edison stock -- to terroristically sink our way of life by deliberatly following an economic business plan that must fail!!!!!"
Seems clear that the Union bought the stock ONLY to provide either a lesson in the folly of privatisation or to eliminate any oossible competition .........
But, again, these thoughts are filtered through NOW Four stiff gin-and-tonics on a Saturday afternoon......
Any SOBER rejoinders???????
I really hope that Jeb hasn't fucked around with whatever the fiduciary laws are governing Florida pensions (which as state pension funds are, I think, not covered under ERISA -- if it were covered under ERISA, this would be a clear breach of fiduciary duty). And if does violate the FL plan's fiduciary rules, that the union members have standing to sue.
DedGeorge --
NOT the "teacher's union" -- the Florica public employees pension fund, which obviously must be run by the state of Florida, i.e., ultimately by Jeb Bush. That was Josh's point.
Hmmmm...so our mission should be what? Find out if Florida newspapers are covering this, and if not, e-mail the hell out of them? Remembering of course, that if the Jebster goes down, it might be harder for them to rig the votes there next year.
Neil Bush now runs an "educational software" company.
Michael Milken too.
Coincidence?
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