A variety of different articles have painted the Democratic Party as Wall Street leaning. The Democratic Party is much more than Wall Street leaning; the Democratic Party is owned outright by Wall Street every bit as much as the Republican Party and both are an integral component of Wall Streets two-party trap set for the working class. Anyone who doesnt believe this should read their daily newspaper... hot off the press today is the article: Jeb Bush unwinding some financial affairs; Considering run for president, he quits firm that profited from Obamacare: latimes/nation/la-na-jeb-bush-money-20141225-story.html#page=1 In 2007, Bush joined InnoVida, a Miami manufacturer of composite building materials, winning a seat on the board and a $15,000-a-month consulting contract. At the time, company president Claudio Osorio was a big player in Miami’s glitzy social and political world, hosting fundraisers at his Star Island mansion for Democratic politicians like Hillary Rodham Clinton and, in 2008, for then-Sen. Barack Obama. In March 2010, InnoVida obtained a $10-million federal loan to build homes and a factory in earthquake-wrecked Haiti. But Osorio scammed millions from that loan and from investors, according to a federal indictment filed in Miami. A Securities and Exchange Commission complaint in 2012 said Osorio had recruited Bush and other high-profile figures to lend “an air of legitimacy” to InnoVida and help him raise money. In 2013, Osorio pleaded guilty to fraud charges and was sentenced to 121/2 years in prison. Bush was paid a total of $468,901 before leaving InnoVida in September 2010. A court-approved settlement agreement in the company’s bankruptcy case says he provided “substantial assistance” to investigations into the company’s finances, and he agreed to pay back $270,000 to the bankruptcy court.
Posted on: Fri, 26 Dec 2014 15:53:22 +0000
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