The Symbolism Is Perfect: Jeb is a Junk-Bond Mortgage Backed Security That's Been Rated AAA.
The symbolism of this is just perfect.
http://www.politico.com/story/2016/01/hank-greenberg-jeb-bush-217439
The 2005-2008 financial crisis was caused by the collusion of banks, mortgage companies, brokerage houses, and ratings agencies to sell mortgages to people who couldn't afford to pay for them, bundle them into units called Mortgage Backed Securities, collude with ratings agencies to rate them AAA when they were actually worthless, sell them to their unsuspecting clients knowing they were worthless, and then short-sell against them so they'd make money when the bubble burst. (Goldman Sachs was particularly bad for this. They actually sold this crap to their own clients, telling them it was a sound investment, and then short-sold against them so they'd make money when they crashed, and their own clients lost money. That's a con job that even Charles Ponzi would be too embarrassed to pull off!)
So now somebody has convinced Hank Greenberg that a worthless junk bond named Jeb Bush is actually a sound enough investment that he should sink $10 million into him, and then he'll get a return on investment when he's elected President? Priceless.
As Elizabeth Warren commented:
"So, let’s get this straight: CEO Hank Greenberg ran AIG as it recklessly gambled on mortgage-backed securities – and left just before his company took a $182 billion bailout from the Bush Administration. Once his Republican friends were out of office, Greenberg sued the Obama Administration because – get this – the bailout wasn’t generous enough for him. And now, Hank Greenberg is giving $10 million of his AIG fortune to try to save Jeb Bush’s dying Presidential campaign.
I’m not sure what’s more disgusting: That Jeb Bush is pinning his Presidential hopes on his brother’s bailout money, or that bailed-out CEOs are trying to buy elections. This is business as usual for Wall Street and Washington insiders, and it stinks."