Quote:
Originally Posted by Robbie
Rochard, correct me if I'm wrong...but wasn't EVERY company that Bain acquired already in a lot of trouble and on the verge of bankruptcy?
That's what Bain does. They are contacted by companies who are on the verge of going belly up, they buy them, try to fix them and sell them.
If the company just isn't going to make it no matter what (which means consumers are not buying their product), then Bain tries to make as much money off of the company as it can.
Doesn't sound "bad" to me. Sounds like smart business.
I'd like to see those same principles applied to govt.
Our society sometimes seems turned upside down.
What has always been sound financial principles are suddenly thought to be "bad".
|
Read this article, don't skim it. It's smart business if you're a bankster. As anti-American as they come. The conclusion of the article is brilliant and spot on.
You don't have to be anti-business, anti-Republican to hate what Bain does - what it does is anti-American. it's not the way the country was built but it sure is the way the country will be destroyed.
I know what the simple minded self employed dreamers who live under the delusion that they are somehow similar to Mitt Romney and his kind will say - 'did nothing illegal, it's good business, he makes a profit for himself and his investors' - it should be illegal, as should other scams the banksters run.
http://www.rollingstone.com/politics...pital-20120829