MSNBC Rachel Maddow website:
As we discussed
a few months ago, Ohio Gov. John Kasich (R), after he left Congress, went to work at Lehman Brothers. In fact, he was there in 2007 and 2008 – an era that proved to be quite eventful.
Asked in June whether he has any regrets from his tenure at Lehman, the Republican presidential candidate responded as if the question were ridiculous. “Are you kidding? Regrets? I thought it was a fantastic time,” Kasich said
Remember, he was a Lehman executive when the firm made the biggest bankruptcy filing in the history of the United States.
Of course, Kasich isn’t alone. I’m reminded of this
recent Wall Street Journal
[Former Gov. Jeb Bush] signed on with Lehman after leaving the Florida governor’s mansion, making it clear he wanted work as a hands-on investment banker rather than hold a ceremonial role typically given ex-politicians. […]
For more than seven years, nearly the length of his two gubernatorial terms, Mr. Bush, a candidate for the Republican presidential nomination, spent as much as half of his working hours advising Lehman and later Barclays, which bought the collapsed investment bank’s U.S. business. He wasn’t an employee of the firms, said people familiar with the matter, but was paid to attend meetings, dinners and conferences where he spoke to clients and bank executives on such subjects as health care, education, immigration and energy – matters he has started taking up this year with voters.
Mr. Bush earned about $1.3 million a year at Lehman and some $2 million from Barclays, his campaign said.
Last December, when Mitt Romney was weighing another White House campaign, he privately predicted
that Bush “would run into problems because of his business dealings, his work with the investment banks Lehman Brothers and Barclays, and his private equity investments.”