Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Lady Lucky
My fear is right after Newt is smeared out of the race, Obama will bring up the facts about Bain raiding retirement funds and the gubmint having to bail them out. There is nothing wrong with corporate raiding, but retirement funds belong to the workers. The problem arises when the company is bought, the cash belongs to the buyer. If you have a company funded retirement, you are now broke. The government formed the bail out unit just for this reason.

This will suddenly make Newt look like a genius, of course, after it's too late. Why can't someone ask right now how you buy a business for $30 million and take $180 million out? It's the cash in the retirement fund. A business could go to a bank and put the retirement funds up for collateral and get a loan the same as selling to Bain. It's just kinda sleazy, most people will think when it comes out. It's not "Capitalism". I don't see the difference in that and loaning money to Solyndra.

The company puts up the retirement money, but it still belongs to the company. If they go bankrupt, the money is gone, so the gubmint makes it up for the workers.

44 posted on 02/07/2012 7:27:18 AM PST by chuckles
[ Post Reply | Private Reply | To 22 | View Replies ]


To: chuckles

As I’ve mentioned before, Romney will be very lucky if he emerges from a national race without criminal charges hanging over him. Obama has no scruples whatsoever, and Obama is in charge of the US govt. Obama proposes and disposes in godlike fashion.

Romney’s vast business “experience” is indeed a target-rich environment.

As are his five sons.

I believe there is a considerable chance that if Romney is nominated, he won’t even make it to November. His candidacy is already blighted in the bud.


46 posted on 02/07/2012 7:34:38 AM PST by Lady Lucky (Public education -- government cheese for the brain.)
[ Post Reply | Private Reply | To 44 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson