"Lately, Bain founder and GOP presidential candidate Mitt Romney has found himself in a spirited defense of the private equity industry, doing all he can to spin decades of data which confirm, without failure, that PE Leveraged Buy Outs are nothing but "efficiency maximizing" transactions whose only goal is the "maximization" of EBITDA in the pursuit of dividend recap deals, IPOs or outright sales, while loading up the company with untenable amounts of leverage. All this with a 3-5 year investment horizon, which ignores the long-term viability of a company and seeks to streamline (read fire as many as possible) operations as quickly as possible in the goal of maximizing short-term returns. We wish him luck in his endeavor."Shame we have so many wannabe Capitalistas here at FR and elsewhere, who adamantly defend this kind of shuck and jive financial paper shuffling as exemplary acts of free-market enterprise.
Who cares what Newt said. The movie will accomplish what it was made to do. It will help keep Romney from becoming president. Romney absolutely destroyed Newt’s chances and I would like to shake his hand for doing whatever he can to keep Romney from destroying the republican party.
Obama/Hillary were already planning to use this hit piece.
My prediction is Obama/Hillary win 40 out of 50 states.
I would rather see Obama reelected than see RINOs destroy conservatism in the republican party. They can now concentrate on winning the senate. Sarah Palin can rescue the party in 2016.
This is what Faux News and the RINOs get for giving the nomination to some New England liberal who should have switched parties years ago.
Thank you Mr. Speaker for a job well done. Now where is my ballot so I can write in Elmer Fudd for president. I need a beer.
“Even Zerohedge”? Even Zerohedge?
Are you under the delusion that ZeroHedge is conservative?