Taibbi: Greed and Debt: The True Story of Mitt Romney and Bain Capital

[boutons_deux]

http://assets.rollingstone.com/assets/images/story/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-20120829/1000x306/20120827-mitt-romney-x306-1346104394.jpg



http://www.rollingstone.com/politics/news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-20120829?print=true

RS and Matt with the goods AGAIN

[TeyshaBlue]

What the bot can't/won't post.

http://www.rollingstone.com/politics/blogs/taibblog/on-mitt-romney-bain-capital-and-private-equity-20120829

[boutons_deux]

What the bot can't/won't post.

http://www.rollingstone.com/politics/blogs/taibblog/on-mitt-romney-bain-capital-and-private-equity-20120829

Fully consistent with the Taibbi article.

PE/LBO priority is to make money for investors, LEVERAGING the assets of the LBO target, aka, "asset stripping". aka using the target as an ATM, just like homeowners did with 2nd, 3rd mortgages on their homes in the 2000s.

What actually happens to LBO target, short or longterm is of no interest to the investors.

[TeyshaBlue]

But, it puts a bit of a blanket on his rant. He is a good guy, tho and intellectually honest. He will actual entertain a contrarian thought. Maybe you could learn to do the same without collapsing into an RSS feed-fest.

[boutons_deux]

TB trash talking RSS! :lol

I repeat:

Fully consistent with the Taibbi article.

PE/LBO priority is to make money for investors, LEVERAGING the assets of the LBO target, aka, "asset stripping". aka using the target as an ATM, just like homeowners did with 2nd, 3rd mortgages on their homes in the 2000s.

What actually happens to LBO target, short or longterm is of no interest to the investors.

[TeyshaBlue]

Not debating Taibbi's article. I've been a fan of his for awhile. Just mocking your inability to even approach intellectual honesty.

[boutons_deux]

TB intellectual honesty :lol

[TeyshaBlue]

I post smileys when I don't understand something.

[leemajors]

Pretty good article but very hard to read :depressed

[101A]

Thanks for the lesson in Private Equity firms; just as full of Suck as I assumed they would be.

Also tired of conservatives (I am one) constant proclaiming of firms such as this being bastions of free market enterprise, and defending them because of it. Taibii does a great job of explaining how this shit happens only BECAUSE of govt. goodies through tax breaks bestowed upon them. As the owner of a business trying to make money the old fashioned way (providing a service that I would like to get paid for); I feel like a complete sucker; and am getting more and more bitter by the day toward companies like these; and our politicians FROM BOTH SIDES that pander to them.

Fuck them all.

[101A]

I'm also beginning to believe in Bouton's "Fucked and Unfuckable" mantra.....bickering amongst ourselves about ridiculous red vs. blue bullshit ALLOWS the powerful to stay in power. They just wind us up and watch us go (they own all the media that gets us going, after all).

Never mind the man behind the curtain.

[leemajors]

Thanks for the lesson in Private Equity firms; just as full of Suck as I assumed they would be.

Also tired of conservatives (I am one) constant proclaiming of firms such as this being bastions of free market enterprise, and defending them because of it. Taibii does a great job of explaining how this shit happens only BECAUSE of govt. goodies through tax breaks bestowed upon them. As the owner of a business trying to make money the old fashioned way (providing a service that I would like to get paid for); I feel like a complete sucker; and am getting more and more bitter by the day toward companies like these; and our politicians FROM BOTH SIDES that pander to them.

Fuck them all.

:tu

[TeyshaBlue]

Pretty good article but very hard to read :depressed

Pretty much a trademark of Matt's articles.

[mercos]

Taibbi has got to be the most hated man on Wall Street. This is not the first hit piece he has done on the industry. His article on Wall Street ties to municipal bankruptcies, particularly the one in Birmingham, Alabama, was excellent as well.

[boutons_deux]

Bill Black is another prolific fella deeply loved by the financial sector

http://www.amazon.com/The-Best-Way-Rob-Bank/dp/0292721390

[101A]

Taibbi has got to be the most hated man on Wall Street. This is not the first hit piece he has done on the industry. His article on Wall Street ties to municipal bankruptcies, particularly the one in Birmingham, Alabama, was excellent as well.

Or this one, which spoke to directly to my inner-cynic. (being intellectually honest) I actually echo much of what I read in this piece often in here:

The Meaningless Sideshow (http://www.rollingstone.com/politics/blogs/taibblog/iowa-the-meaningless-sideshow-begins-20120103)