Try doing all the nonsense that went on in the 80's 90's and 2000's without Greenspan's credit bubble explosion which was all about crony capitalism for bankers. Try asset stripping using your own and your clients money rather than credit sloshing around the system looking for a quick hit and takedown.
No. What Romney was doing was not capitalism - investment in the means of production to increase productivity. He and his vulture friends just want to call it that.
Right. This is exactly what needs to be explained; otherwise you've a lot of voters (including many FReepers, it seems) who're going to buy the Romney rhetoric about this all being perfectly legitimate exercises in free-market capitalism.
posted on 01/09/2012 4:46:03 PM PST
by Utmost Certainty
(Our Enemy, the State | Gingrich 2012)
To: Utmost Certainty
Gingrich put it well...In a nutshell, if the company went bankrupt because it failed, and the investors take their losses or modest gains like the rest of the employees and share-holders that’s one thing, but if a rich guys comes in a sucks the company dry for millions of dollars, and leaves the employees with nothing but an unemployment check, although that’s legal, it’s immoral.
posted on 01/09/2012 5:18:45 PM PST
(When you're a hammer, everything looks like a nail.)
To: Utmost Certainty
Yes, and back in the 90’s when the pension funds were nice and fat due to stock market gains, corporate raiders engaged in hostile takeovers, and robbed the pension funds to pay off the loans.
The Wall Street Journal(not a Marxist rag) had plenty of critical reporting on the abuses that were happening. Romney has made his career at Bain the centerpiece and main reason he is the best qualified.
So, lay it out. Lets see it all. Which companies, what happened, the good, the bad, the ugly. It's coming sooner or later better to do it sooner and see if Romney can sell it. Obama and the dems will surely exploit it. Best to vett it now.
posted on 01/09/2012 8:55:14 PM PST
(Moderation in defense of your country is NO virtue. Let Freedom Ring.)
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