John Ellis "Jeb" Bush is a Republican politician, and was the forty-third Governor of Florida from 1999-2007. He is a prominent member of the Bush family, the younger brother of President George W. Bush and the second son of former President George H. W. Bush and Barbara Bush.
Jeb Bush defaulted on a $4,56 million loan from Broward Federal Savings in Sunrise, Florida. After federal regulators closed the S&L, the office building that gave Jeb used that loan, the $4.56 million to finance was reappraised by the regulators to $.5 million, which Bush and his partners paid, thereby leaving the taxpayers with a $4 million loss.
