I Do Know That He's Wanted- Michael Jackson

The Florida fund is collapsing now don't you know;
But, I do know that he's wanted;
Jeb Bush could be taking a big fall, now don't you know;
But, I do know that he's wanted;

Lock him, shake him down, watch white powder falling round;
Lock him, shake him down, watch for white powder all around;

Late last month, Florida was the victim of a "run on the bank," not by citizens, but by municipalities worried that their local revenues, which they had deposited in a State-run Local Government Investment Pool, were contaminated by bad investments in subprime-related securities. The state was forced to freeze the fund, then split it, in order to isolate $1.5 billion of contaminated securities in a separate fund.

Tuesday's Bloomberg News reveals that $842 million in sub-prime-tainted CDOs which originally poisoned their Pool, was sold to them by Wall Street investment firm Lehman Brothers. Lehman sold the funds in July and August, just as news of the crisis was surfacing. Even more interesting, is that in June, former Florida Governor Jeb Bush, who subsequently started his own Bush Associates consulting firm, had just been hired by Lehman as a consultant. Florida CFO Alex Sink, in what Lyndon LaRouche called "a sign of the times," is now accusing Lehman and JP MorganChase of fraud (foreknowledge) in the sale of the bonds, which they also sold to other states.
So, you can see that the collapse is on and the knives are out. We need a New Bretton Woods and a Home Owner and Bank Protection Act.

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