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Xolodno

(7,291 posts)
31. Mitt is protected by law.
Thu Nov 15, 2018, 11:41 PM
Nov 2018

Law, that he and his compatriots helped get passed to protect him and his compatriots.

The "corporate raiders" of the 80's trying to kill Disneyland...sure they killed plenty more...however, going to that level, brought some legislation to protect corporate-hood. But companies like Bain, found another avenue, granted it wasn't as fast, but they saw a way where they could leech off of the corporations bank account. Companies like toy stores, have to have a moving inventory...thus a constant cash pile that moves quite fluidly. Sell inventory, buy inventory. Use some of the profits to upgrade. Sure they have credit, but that costs more and cuts into profit. Best to have a pile of cash to avoid that. Hey, whats better than an interest rate of 0% on lending?

Capital companies rob them of that ability with a quick infusion of cash...the company is "temporary" thankful for a cash shortage, but, in the end, realize, they made a major mistake. If you are a CEO, capital companies are not your friend. They are not interested in what return they could get in percentages of single digits......but what they can get in loans in double digits...after taking in that profit...capitalize in the sale of assets. You can bet your sweet ass, they know the exact percentage to loan a company and still "lose" on the loan...while having the option to break even on sale of assets.

With that said, Kay-bee toys has been making a resurgence...slowly, but via a company that buys "worthless" defunct company names and ventures to see it they can make a resurgence. With the "Toy's R Us" return, via a capital company, they probably realized they could make a profit of it both dead, and resurrected. They'll make a profit on the sale and walk away....unless of course, they think they can make a profit of their legal scam again.

Side note, why don't leeches like Bain go after companies like insurance companies who are required to carry lakes of cash on hand? Because they are required to carry lakes of cash and invest it in safe investments. Sure they can borrow when their reserves don't line up..but its limited and under the scorn to "get it together". Because at the end of the day, the state doesn't want to pay for bad or greedy decisions that cost its taxpayers....its a politically costly job.

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Bain is why I didn't vote for him sarah FAILIN Nov 2018 #1
Appreciate the empathy. laserhaas Nov 2018 #2
Holy Text Wall, Batman Tarc Nov 2018 #3
Sad state of affairs laserhaas Nov 2018 #5
This is why we are where we are in this country. The souless rich run this country. AJT Nov 2018 #4
Concur! laserhaas Nov 2018 #6
I don't know how you handled what you've gone through. AJT Nov 2018 #7
Never expected it to last this long. Once our efforts got laserhaas Nov 2018 #9
Aren't you worried that it has consumed your life? AJT Nov 2018 #11
It is my life. laserhaas Nov 2018 #12
I am sorry you have, basically, lost your family to this. AJT Nov 2018 #13
There are plenty of honest people; but they aren't in control. laserhaas Nov 2018 #15
There are good people trying to help, from behind the screen. laserhaas Nov 2018 #18
You have a lot of personal strength. I am glad there are people like you who try so hard AJT Nov 2018 #24
You'd be surprised, what the mild & meek will do laserhaas Nov 2018 #26
I have had a lot on my plate, nothing like you, and I'm a wreck. AJT Nov 2018 #28
Truth is we all have burdens of life. Yours are just as important laserhaas Nov 2018 #55
I will keep track of your progress against, what I see, as evil. AJT Nov 2018 #57
Thank you for your kindness laserhaas Nov 2018 #27
+1000 True_Blue Nov 2018 #44
Yup +++ in many ways. laserhaas Nov 2018 #53
The Vulture struck BSdetect Nov 2018 #8
The quest for justice is a simple one - accountability. laserhaas Nov 2018 #10
Romney is sociopath ceo, now senator. Ilsa Nov 2018 #14
A socio Hell bent on becoming POTUS laserhaas Nov 2018 #16
Yeah, me too. Ilsa Nov 2018 #20
Unfortunately, Attila the Hun looks good next Orangian laserhaas Nov 2018 #25
This is just the perfect storm of greed and fuckery FakeNoose Nov 2018 #17
There's some hope. Goldman Sachs is guilty of ripping off Malaysia laserhaas Nov 2018 #19
K&R... spanone Nov 2018 #21
Thanks laserhaas Nov 2018 #23
Thank You! spanone Nov 2018 #29
I know this sounds corny; but the thanks belongs to the fallen laserhaas Nov 2018 #36
Missed this Vanity Fair article about Mitt's Dark side laserhaas Nov 2018 #22
I don't know what to say except MontanaMama Nov 2018 #30
Please help spread the word? laserhaas Nov 2018 #33
I will. MontanaMama Nov 2018 #47
Thanks laserhaas Nov 2018 #49
You are correct - he "seems" benign laserhaas Nov 2018 #50
He would lay waste MontanaMama Nov 2018 #51
You are correct. I'm terrified Mitt is going to get top post laserhaas Nov 2018 #54
He won't get that spot. Just a Weirdo Nov 2018 #58
I'll take that bet laserhaas Nov 2018 #59
Mitt is protected by law. Xolodno Nov 2018 #31
They go after gullible, weakened, prey laserhaas Nov 2018 #34
I thought of you when he won. I'm sorry. herding cats Nov 2018 #32
I'm confused by the enemies analogy. laserhaas Nov 2018 #35
Sure. I'm referring to people like Rick Wilson, etc. herding cats Nov 2018 #56
Likely scenario laserhaas Nov 2018 #60
He's 71 now Polybius Nov 2018 #38
He's planning 2020 laserhaas Nov 2018 #46
To challenge Trump in the GOP primaries? Polybius Nov 2018 #64
Marty Lackner, in his 40s, wife, 3 kids, was found dead laserhaas Nov 2018 #37
I can't believe how you've stayed strong through all of this. EllieBC Nov 2018 #39
I'd buy and read your book on the experience. OneBro Nov 2018 #40
I know- Right! They will say..Mitt Mitt he's our man, laserhaas Nov 2018 #41
I've had many book & film offers and almost took one laserhaas Nov 2018 #42
More on Mitt ..getting arrested..putting Perry in headlock laserhaas Nov 2018 #43
Not sure I'd even want him indicted anyway, since what replaces him in Utah will be much worse Polybius Nov 2018 #45
You are speaking from a national political viewpoint. laserhaas Nov 2018 #48
Link about Bain Capital and Puerto Rico Bond bailout laserhaas Nov 2018 #52
We used to discuss this when you posted on D'Kos...constantly. AncientGeezer Nov 2018 #61
Who is we? Jackasses R Us! laserhaas Nov 2018 #62
I don't know who you are, but you are frigging full of it. Toby719 Nov 2018 #63
Some people are miserable and take joy in kicking people laserhaas Nov 2018 #65
Ohh stop...name 1 win... AncientGeezer Nov 2018 #66
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