Monday, May 12, 2014

Monticello's Birds of a PEU Feather

The Daily Journal reported:

The Carlyle Group co-founder and co-CEO David M. Rubenstein will be the featured speaker at Monticello's annual Fourth of July naturalization ceremony.

More than 3,000 people have been sworn in as American citizens since Monticello's Independence Day tradition began in 1963.

The annual celebration at Thomas Jefferson's home also commemorates the signing of the Declaration of Independence.
Few people know Thomas Jefferson conducted a leveraged loan using slaves as collateral.  Rubenstein perpetrated the Great Eskimo Tax Scam, making millions selling Alaskan Native tax losses.  That provided seed money for The Carlyle Group, a private equity underwriter (PEU).

Both men started as young idealists who wanted to help others.  Later each wanted to make money off others.  Thomas Jefferson, pioneering PEU.

Update 11-7-15:  UVA continues in the tradition of Jefferson-Rubenstein.