the Bain drain

By Owen Paine on Thursday January 12, 2012 04:45 PM

my ex boss-- evil skirt chaser-- warren buffet :

"I don't like what private-equity firms do in terms of taking out every dime they can and leveraging [companies] up so that they really aren't equipped, in some cases, for the future."
http://swampland.time.com/2012/01/11/warren-buffett-to-mitch-mcconnell-put-up-or-shut-up/


that means you Mitt

and maybe maybe maybe
the mormon game show host gets to play public mass media scape goat
in a nice vulture capital auto de fe ...in effigy of course

--------------------------------------------------
signs of the time ??

here's a column hittin' VC leveraging games
from the liberal good capitalism bad capitalism angle

"Bain Capital must seem like a Frankenstein monster to Mitt Romney's campaign...Mitt's monster was created by a broken system that has let politicians in both parties create an artificial, destructive and exploitative form of pseudo-capitalism—and then get rich from it"

http://www.ourfuture.org/blog-entry/2012010212/bain-capitalism-mitts-frankenstein-politically-created-monster

it details a few Bain stunts....all fairly routine corporate enormities for these dark op outfits
nothing for a top ten list ....but .....using it all to bash mr R brings onto the agenda
the entire jamboree these limited liability job killers have run since the reagan carter revolution

----------------------------------------------------

one question worth a john galt "100 dollar gold piece"

will our man doc Ronnie bash the vulture cap /private equity crowd ??

he should ..after all their whole gig is lawful only because its lawful


"a license to steal" as they used to say during the Great Depression

Comments (8)

Al Schumann:

I think Paul is going to tack towards the "center", on Bain, as he's done already, and that precludes any serious bashing of the vulture capitalist crowd.

Anonymous:

if so Al
then paul perhaps is not
the benign dennis k of the lib crowd

he's a phoney
a crypto corporatist

hell if i know

op:

paul really pulls the pounch

restructuring ?
that is the bain story ??
if so ....its "a good idea
but "i don't know anything about bain"

and besides ...well talking about bain is a "distraction"

“.... restructuring in the free market is a good idea.."

bain??

" I’m not taking a position on that
...I haven’t looked at it and I have no idea what he did or didn’t do.."

" but the principle of restructuring is a good thing in the marketplace,”

the point is this doctor:

"....Mitt's monster was created by a broken system that has let politicians in both parties create an artificial, destructive and exploitative form of pseudo-capitalism—and then get rich from it"

face it and respond
or you're not what you claim

Al Schumann:

Yeah, that's why I keep trying to focus on the romantic localists in his backing movement. They'll still be around once he's off the stage. The focus on him is temporary.

I'm a dreamer, an incorrigible one at that. I could be kidding myself, but is it possible for a solid bloc of thoughtful, genuinely kind conservatives to emerge? I'd like a pony, too.

op:

" a solid bloc of thoughtful, genuinely kind conservatives "

u know Al

i need to think about something here

sure we souless marxists use
our analytic/dialectic tools ...such as they are
on ideological configurments
and that oughta include
the thought nexus
of hobbit commodity libertarianism

but its dream work we're talkin here
not social engineering

so one dissects yes
and with a clear passionles eye
but
here's the point
also with care and respect
and with a necessary sense of comonality

with empathy

like you'd approach the myths
of one of those blow gun outfits
cleverly suspended in time
thanks to the rain forest vastnesses
of the amazon basin

op:

http://articles.latimes.com/2011/dec/03/nation/la-na-romney-bain-20111204

more chill-bain chatter :


"Bain's top 10 dollar investments under Romney — averaging $53 million — spanned a number of sectors, including healthcare, entertainment and manufacturing. The firm's largest investment was its 1999 buyout of Domino's Pizza, into which Bain put $188.8 million, eventually reaping a fivefold return.

Four of the 10 companies Bain acquired declared bankruptcy within a few years, shedding thousands of jobs. The prospectus shows that Bain investors profited in eight of the 10 deals, including three of the four that ended in bankruptcy"

op:

recall that columbo guy that started
the Italian-American Civil Rights League ??

got a lot of publicity ??

remember
"Italian-American Unity Day"

he was a mobster
and here he was drawing attention to himself

the other cosa nostra bosses didn't like that one bit

you were supposed to low profile it if you were a big shot mobster

so here's mitt poster boying for the LBO hoods

getting unwanted attention drawn
toward the "racket "


"On June 28, 1971, Colombo was shot and seriously wounded at the second Italian Unity Day rally. As Colombo was approaching the podium to address the crowd. Jerome Johnson, an African American street hustler, approached Colombo. Wearing press credentials from the league and disguised as a photojournalist, Johnson fired three shots from an automatic pistol into Colombo's head"

op:

http://www.ourfuture.org/blog-entry/2012010212/richard-viguerie-unloads-romney-crony-capitalist

arch social-con
Richard Viguerie :
"To Mitt Romney, venture capitalist, the average worker is an expendable line on a spreadsheet, until that worker’s tax dollars were needed to bailout financiers who promoted the leveraged buyouts and packaged the exotic financial instruments that led to the financial meltdown of 2008.

Who is more anti-capitalist? Is it Romney’s opponents, who question whether or not a form of capitalism that allows a handful or rich people to avoid moral hazard, manipulate the lives of thousands of other people and then walk off with the money by getting a bailout from the taxpayers?

Or are the real anti-capitalists Mitt Romney, and his establishment friends in the Washington – Wall Street Axis, who hypocritically like having the option of firing the little guy and stripping the factory on Main Street on the way up, but then use their inside power and influence to demand those same little taxpayers bail them out on the way down?"

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