On Jul 3, 2012, at 9:56 AM, [email protected] wrote: > Gotta love it when hypocrites cry "hypocrisy": > <http://washingtonexaminer.com/obama-hates-bain-but-loves-bain-backed-staples/article/2501246> >
Staples is a great example of Bain working as a Venture capitalist: providing capital for a new business, in a new business niche. This is how our economy grows. Alas, the profits from growing the economy didn't satisfy Romney, so they moved into Vulture capitalism: doing leveraged buyouts of existing firms, strip mining them of value and leaving their tottering husks to go bankrupt in their wake. Much more profitable, because you mortgage the company to give you your management fees for selling off the company's resources and keeping the profits. It's not hypocritical at all to point out how Bain hurt the US economy and US workers by these practices. -- Bruce Johnson "Wherever you go, there you are" B. Banzai, PhD -- You received this message because you are subscribed to the Google Groups "StrataList-OT" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/stratalist-ot?hl=en.
