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To: Jim from C-Town

A true “Pump and Dump” is ILLEGAL!
Got any evidence?

Full disclosure, you are arguing with a Series 7 CFP.

That does not make me perfect, but I know more than the average bear.


33 posted on 01/11/2012 2:20:30 PM PST by Kansas58
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To: Kansas58
ZeroHedge doesn't defend Romney's record as a ‘capitalist’:

“Lately, Bain founder and GOP presidential candidate Mitt Romney has found himself in a spirited defense of the private equity industry, doing all he can to spin decades of data which confirm, without failure, that PE Leveraged Buy Outs are nothing but “efficiency maximizing” transactions whose only goal is the “maximization” of EBITDA in the pursuit of dividend recap deals, IPOs or outright sales, while loading up the company with untenable amounts of leverage. All this with a 3-5 year investment horizon, which ignores the long-term viability of a company and seeks to streamline (read fire as many as possible) operations as quickly as possible in the goal of maximizing short-term returns. We wish him luck in his endeavor.”

It may not be exactly pump and dump. But it is for all intents and purposes a legal form of pumping up a company in order to dump it. He and Bain did it dozens of times.

Very few of their investments where turn around endeavors. Most where a way to clean up the books for a quick IPO or sale while loading up dept and emptying the company of all the cash. Lots of it through ‘consulting fees’ paid to Bain by the very companies they where looting. All of it legal, most of it unethical and imoral.

Good luck to Romney, the establishment GOP and the idiot RINO’s like Rove trying to defend him against Obama and the MSM juggernaut. I for one will only reluctantly vote for Romney. I will not make calls, go door to door, or even put out a sign for him. I have too much personal integrity.

There is a reason why He has gotten a free pass from the MSM and GOP Establishment. He is the least likely to beat Obama and if he does he won’’t do a Damn thing to upset the business as usual apple cart in DC.

BTW I also have a business degree and two decades of work in business.

66 posted on 01/11/2012 3:03:17 PM PST by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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