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To: Laissez-faire capitalist

Need to take a legitamate route to taking down Romney. Companies go to places like Bain because they are poorly managed and need cash. Theynegotiate the terms and most of the time, the company is in no position to survive. I hate Mitt’s politics, but the attacks coming out tofay on his work at Bain are indeed anti-capitalist.


16 posted on 01/09/2012 4:43:42 PM PST by wolfman23601
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To: wolfman23601
Companies go to places like Bain because they are poorly managed and need cash.

I don't think anybody's arguing that there isn't a need for this sort of thing. What's being criticized are the specific practices Bain utilized to this end, and whether these were legit or not, and whether Bain's track record was a good one.
24 posted on 01/09/2012 4:50:46 PM PST by Utmost Certainty (Our Enemy, the State | Gingrich 2012)
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To: wolfman23601
Companies go to places like Bain because they are poorly managed and need cash.

Sometimes places like Bain come to companies (whether that was the case with Bain, I don't know, and today's WSJ article doesn't make it clear.) At the company where I used to work, a place like Bain came. Vultures, corporate raiders, who bought a bunch of stock of the company, something like 3%, to became the fifth or seventh largest stockholder, and started making demands, threats, blackmail. The company was doing fine without them, even if its stock was undervalued, which is why they bought it, and the company had to bend over.

29 posted on 01/09/2012 4:58:44 PM PST by Revolting cat! (Let us prey!)
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