Saturday, March 25, 2006

Barbara Bush was an INVESTOR in son's company

Cross posted and recommended at Daily Kos

holy shit - this is just insane.....

We saw the other day how Barbara Bush's Katrina donation stipulated that it be spent on purchases from her son's company (hat tip to Bouwerie Boy at Daily Kos).

Well, now we find out the one with the "beautiful mind" is an investor in the very company that she directed her own donation to.

Hat tip to Josh Marshall for first pointing this out.

And while none of the original news indicated this little nugget, we have this article from a few years ago:

For the last several years, Bush's main business interest has been Ignite!, the educational software company he co-founded in 1999. To fund Ignite!, Bush has raised $23 million from U.S. investors (including his parents), as well as businessmen from Taiwan, Japan, Kuwait, the British Virgin Islands and the United Arab Emirates, according to documents filed with the Securities and Exchange Commission.

OK - take a second there. Not only were his parents invested in this company but there were investors from the UAE, which at that time wasn't all that friendly towards us Merkins.

(and by the way - if you read that WaPo article), you will see that Neil rivals DumbYa for worst businessman ever).

So now Babs is donating money to an organization that is not only run by her son but also partially owned by her.

And the UAE.

These people are vile scum.


Anonymous said...

Hi, Edalex from Kos. This kinda reminds me of the donation thet T. Boone Pickens gave to Oklahoma State. I cant find a link to the story, but it sounded fishy to me. He donated $165 million dollars to OSU. It had to be donated by 12/31 for tax reasons. From what I remember, the money was wired to an OSU account and turned around and deposited it into an investment company Pickens owns. Very shady, it seemed to me. I will keep looking for the link.

Anonymous said...

Found a link. Maybe not that similar, but still as fishy.

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