Jeb Bush as FL Gov invested $1.3 million in state pension fund money in pornography, says report [View all]
Jeb Bush invested more than $1 million from the Florida state pension fund in pornography while he was governor, a new bombshell report alleges.
The former Florida governor, while in office, invested $1.3 million from the fund into Movie Gallery, a publicly traded video rental giant that offered a wide selection of pornographic films along with mainstream movies, the International Business Times reported.
Bush, who as governor was a trustee on the board overseeing the state’s $149 billion pension system, purchased more than 47,000 shares in the company in 2005, the Times reported, citing emails it obtained from Bush’s tenure in office.
The state later sold its Movie Gallery shares in 2006 after the stock didn’t perform as well as expected. Movie Gallery, which also owned all Hollywood Video franchises, closed up shop entirely in 2010 as the video and DVD rental business model faltered amid industry changes.
However, during the time the state owned the shares, social conservatives across Flordia and the nation were outraged — a problem that could resurface for the centrist Republican as he seeks the Republican 2016 presidential nomination in a field of candidates packed with outspoken social conservatives.
Read more: http://www.nydailynews.com/news/politics/jeb-bush-fla-gov-invested-state-cash-porn-report-article-1.2213815
*** DIRTY JEB: http://saynotojeb.com/dirty-jeb-bush/
A Summary of stories about the seedier side of Jeb Bush which appears on my website at SayNoToJeb.com (His dirt is piling up!)
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