I have listened and appreciated Rush for years, but this time I turned him off and I am not likely to listen again for a while. He is way off base on this one. And anyone defending coporate raiders do not have any experience with them. And by the way, you don’t want to. If it becomes your company and your job, you will sing another tune. Especially if the company you work for is doing well, and all they want is your pension.
This is the key. If it is shown that Romney's Bain raided pension funds, took the money, and left the workers with no jobs or retirement, Romney is done. It's one thing to take a company's assets but it's another to steal the people's pensions.
“Especially if the company you work for is doing well, and all they want is your pension.”
Guys like Romney TARGET firms with properly funded pension funds. They loot those funds in various schemes to book the stock price. They then collect enormous bonuses for boosting the price in that manner,,, then bankrupt the company, selling off the parts.
The WSJ had a great story on that tactic.
“Especially if the company you work for is doing well, and all they want is your pension.”
Guys like Romney TARGET firms with properly funded pension funds. They loot those funds in various schemes to boost the stock price. They then collect enormous bonuses for boosting the price in that manner,,, then bankrupt the company, selling off the parts.
The WSJ had a great story on that tactic.