"Romney in particular really knows how to get a good ROI."
Buy a company with borrowed money, loot the pension fund, borrow against the note, pay yourself, fire a bunch of people while depending on the government to help them out, bail out, pay yourself some more with borrowed money, and let the taxpayers cover the pensions.
Works fine for Bain, which can rely on the US; won't work for US, which can't rely on Bain. Shoot; even GM couldn't rely on Bain, hence the US stepped in.
I'm not voting for O, but you kid yourself. Romney has the potential to maker Hoover look like a job creator.
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"A man makes a $250 million fortune loading up companies with debt and then extracting million-dollar fees from those same companies, in exchange for the generous service of telling them who needs to be fired in order to finance the debt payments he saddled them with in the first place. "
"This is the plain, stark reality that has somehow eluded America's top political journalists for two consecutive presidential campaigns: Mitt Romney is one of the greatest and most irresponsible debt creators of all time. In the past few decades, in fact, Romney has piled more debt onto more unsuspecting companies, written more gigantic checks that other people have to cover, than perhaps all but a handful of people on planet Earth."
rollingstone.com
Did I say "stash those profits in a tax-free secret account"? That really helps the old EROEI. |
