Jeb Bush in Fortunate Son, by J. H. Hatfield

On Budget & Economy: 1988: Lost $4M in taxpayer bailout of failed Savings & Loan

Jeb Bush and one of his business partners, Cuban-American developer Armando Codina, borrowed money from Broward Federal Savings and Loan in Sunrise, Florida for an office building. When the thrift collapsed in 1988 with $285 million in bad loans, federal regulators discovered the Bush-Codina partnership had defaulted on a $4.6 million loan. According to the negotiated deal with the government, Bush and Codina wrote a check for $505,000 to the Federal Deposit Insurance Corporation (FDIC), and the government agency in turn allowed the two men to retain possession of their office building while taxpayers absorbed the $4 million loss. Source: Fortunate Son, by J.H.Hatfield, p.111 Aug 17, 1999

On Principles & Values: 1994: Anti-abortion; anti-crime; anti-government; anti-taxes

Jeb, like Bill Clinton, always wanted to be president. Unlike his brothers, he did not follow their father into the oil business. He also went to the University of Texas, not Yale, married a young Mexican woman he met in a high school exchange program, and converted to Roman Catholicism. Jeb arrived in the Sunshine State in 1979 to help organize his father's campaign for the Republican presidential nomination and decided to stay, achieving a certain visibility as the state's secretary of commerce in 1987-88. Like his brother, George W., his political platform in the 1994 governor's race contained much that was Republican standard issue: anti-abortion, anticrime, antigovernment, and antitaxes. Source: Fortunate Son, by J.H.Hatfield, p.123 Aug 17, 1999

The above quotations are from Fortunate Son George W. Bush and the Making of an American President by J. H. Hatfield. Click here for other excerpts from Fortunate Son George W. Bush and the Making of an American President by J. H. Hatfield. Click here for other excerpts by Jeb Bush. Click here for a profile of Jeb Bush.
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