CHAPTER 2

CHAPTER 2

 

THE JEB BUSH CONNECTION

 

 

Even Florida Governor Jeb Bush made a windfall on Enron stock in 1995. He invested $91,527 in Enron Liquids Pipeline LP in February 1995 and realized a profit of just $7,118 when he sold it 10 months later, according to his 1995 tax returns. (Washington Post, February 22, 2002)

Former Enron president Richard Kinder -- who hosted a $500-a-person political fundraiser for Bush in early 2002 -- controlled Enron Liquids Pipeline. Kinder and a partner bought it for $40 million in 1997, and it became the basis for Kinder Morgan Energy Partners. (Washington Post, February 22, 2002)

Bush did not know Kinder at the time he invested in the partnership, according to the governor’s At the time, Bush was a businessman who had just lost an election for the Florida governorship. Baur said he invested in Enron Liquids Pipeline on advice from his broker at Charles Schwab Corp. -- not insider information about the future sale. (Washington Post, February 22, 2002)