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From the comments section, when will Steven Van Zandt provide commentary???
Quote:
Oh, now I see the difference between private equity and the mafia. The mafia uses individuals who are rough around the edges and don't have business degrees to squeeze the lifeblood out of situations and demolish the companies and individuals. On the other hand, Bain, and equity companies do the very same thing, as in buying these companies, taking out debt on them and keeping the money from the loans, slashing wages and benefits, probably raiding the pension funds for the businesses, and then they declare bankruptcy, but they get to keep the very blood the vampires have sucked out of the victims, but because their version of a vampire does it in Armani suits, they are above the law.
__________________ "Being the best doesn't mean you always win. It just means you win more than anyone else".. tweet from Kurt Warner to Tom Brady.
Watching liberal academics pretending to understand the real world and how businesses work is a part of life that will never go away, like insects and tofu.*
People should get a clue before spouting
__________________ “ I think good coaches will coach with the personnel they have, and if you only have one (good) linebacker, you’re not going to play a 3–4. ”
—Hank Bullough, who installed one of the first 3–4 defenses with the New England Patriots.
Watching liberal academics pretending to understand the real world and how businesses work is a part of life that will never go away, like insects and tofu.*
People should get a clue before spouting
It's not just academics:
Quote:
“We’re not challenging the virtues of the private equity business, or Romney’s right to run his business as he saw fit, or even his right to run other businesses into the ground while turning a profit for himself and his investors,’’ Obama campaign spokesman Michael Czin said. “Instead, we’re pointing out that Romney economics puts short-term profit for himself and his investors ahead of long-term growth for the companies - and their employees - that he bought and sold.’’
Who knew that "running a business into the ground" was profitable? Is there a way to short a private company of which I am not aware? And investors are not interested in long-term growth?
Meanwhile (from the same article):
Quote:
President Obama has accepted $92,270 in his last two campaigns from employees of Bain Capital, the private equity firm formerly led by Mitt Romney, which he has villainized for profiting on failed companies that laid off workers.
I guess this was just a case of "robbing the poor" to give to their betters in government, then...
Who knew that "running a business into the ground" was profitable? Is there a way to short a private company of which I am not aware? And investors are not interested in long-term growth?
Meanwhile (from the same article):
I guess this was just a case of "robbing the poor" to give to their betters in government, then...
I don't agree......I look at Bain as an entity that does "corporate recycling"......most often, if it is not for companies like Bain, many of the companies they 'retool' would cease to exist altogether.
just because they don't make stupid decisions like investing in curt shilling, does not make them a bunch of greedy slobs.
I'm still trying to find any specific instance where Bain did something that was bad for the US
__________________ “ I think good coaches will coach with the personnel they have, and if you only have one (good) linebacker, you’re not going to play a 3–4. ”
—Hank Bullough, who installed one of the first 3–4 defenses with the New England Patriots.
Last edited by IllegalContact; 05-25-2012 at 11:25 AM..
I don't agree......I look at Bain as an entity that does "corporate recycling"......most often, if it is not for companies like Bain, many of the companies they 'retool' would cease to exist altogether.
just because they don't make stupid decisions like investing in curt shilling, does not make them a bunch of greedy slobs.
I'm still trying to find any specific instance where Bain did something that was bad for the US
What is that you don't agree with above? The quote from an official in the Obama administration? That was my point.
3Likes
Tony Soprano explains Bain Capitol
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