Hedge fund billionaire Eddie Lampert reaped huge profits while destroying the jobs of 250,000 people

[Uncle Joe]

Link to tweet

[msongs]

1. a graduate of romney university. nt

[SMC22307]

2. This is obscene and many Americans just don't seem to care.

"Job creators," my ass.

[True Blue American]

3. Destroying an Agency

From within.

https://www.salon.com/2017/12/22/donald-trump-has-destroyed-the-consumer-finance-protection-bureau/

[Politicub]

10. The law that created it still stands. It can be repaired.

And it’s a very powerful agency, indeed.

The fact that president Nazi-stank didn’t recognize this and exploit it is fortuitous.

And the law that created it will not be repealed with dems leading the house.

It makes be beyond angry knowing how many people are getting fucked over by payday lenders and the like.

[SharonClark]

4. Wrong forum? Why is this in Democratic Primaries?

[Uncle Joe]

5. It's Bernie's tweet/video so I believe this to be the appropriate forum.

[Hortensis]

18. Many Democrats not running were before him in this.

But posting here at least allows that to be pointed out. My question, why hasn't he been standing with them?

What goes on in his head that, with even the biggest, most important shared issues, he must always present himself as the only person of principle in the Democratic senate and house caucuses combined? I pay him the respect of accepting that he believes this, strange of him as it is, but it's bad for our nation.

[Uncle Joe]

19. Well Bernie has only been raising the issue and inherent dangers of a "rigged economy"

for at least 34 years.

I'm not sure what your point is, if "many Democrats not running" are raising this issue what does that have to do with this OP being in this forum?

[Hortensis]

21. Yeah, well, Biden has for over 59 years.

Yes, he's a moderate liberal, not a radical business-hater. He believes in both strong regulation, semi-socialization, and working with business to create a prosperous nation. The proven formula of the New Deal era, which he was fortunate to be part of before the nation swung conservative.

But, UJ, I so don't understand your problem. Both our new conservative kleptocrat class and Russia must keep the Democratic Party out of power and the Republican in. It's an existential-level issue for both.

If mainstream Democrats are so damned corrupt,...WHY?

Maybe try to understand what this means also:

"We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both." Nancy Pelosi, quoting Louis Brandeis at her swearing in.

Sanders has never taken a stronger position. We must destroy the new ultrawealthy classes.

[pansypoo53219]

6. the new system is crapitalism.

[Uncle Joe]

7. And nobody slings it better than Trump.

[rurallib]

8. Don't forget the retirements he ruined for former Sears workers

That has to add another huge chunk of people who he screwed royally

[GentryDixon]

9. Sounds like Mitt Romney & his Bain Capital scam.

😈

[BlueFlorida]

11. Bernie is not the only one to complain about it

DOZENS of forever Democrats have already paid attention to this.

Yet, the patron saint of slogans, photo-ops and opportunistic tweets acts like he found something.

[Agschmid]

12. Ok... but yes duh.

This has happened for years, there have been multiple articles/videos/stories about it.

This isn’t a ding at Bernie but I’m not sure why everyone seems to give a shit about this now. It’s a bit late.

[Lazy Daisy]

13. It's a current story

Dated 4/18/19

[link:https://www.usatoday.com/story/money/2019/04/18/sears-lawsuit-eddie-lampert-esl-investments/3507382002/|]

[Agschmid]

14. Yes but it's been a current story for three + years.

At least to anyone who is actually paying attention.

I get that the lawsuit is news, but Eddie’s been a bad guy for a long time.

[Uncle Joe]

15. Many people haven't been paying attention and this being the primary season

I believe it's an ideal time to spread the message, don't you?

[Agschmid]

16. Sure it's ideal, after the company has been gutted, and thousands lost their jobs.

Now seems perfect.

[Uncle Joe]

17. Of course it isn't as if Bernie Sanders just started speaking about this issue today.

This is from Dec. 15th 2018

Link to tweet

and Bernie has been speaking out against the "rigged economy" for at least 34 years.

[Agschmid]

20. Okay as I said above not trying to make this about Bernie.

Yes he’s spoken out about the economy for years.

Just frustrated people are only discussing this now, Eddie Lampert was made CEO in 2013 and has been destroying Sears ever since. His distraction of the brand has been relatively publicly.

[andym]

22. Lambert lost far more in potential $ by not having a good plan to keep Sears profitable in the 2000s

Failing to come up with a way to compete with Amazon, Walmart, Target, etc was his real downfall. Stripping the carcass while it is near death as he has tried to do is what financial jackals do. The jobs are lost nevertheless.