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jtuck004

(15,882 posts)
46. Private Equity sounds so much more refined than Junk Bond Dealer. So they changed their name,
Thu Aug 30, 2012, 12:20 AM
Aug 2012

still a large pile of pain and misery for others. KKR,

Lots of names...still slithering

The Blackstone Group
Kohlberg Kravis Roberts & Co.
The Carlyle Group
Texas Pacific Group
Bain Capital
Providence Equity Partners
Apollo Advisors
Warburg Pincus
Cerberus
Thomas H. Lee

Why Private Equity Firms Like Bain Really Are the Worst of Capitalism
Here.

Hundreds of billions in speculative grade debt to be refinanced by 2014, and credit isn't nearly as loose as it was when they took out the loans to buy those companies in the first place, perhaps.

After shedding the broken lives, and bodies, of those they left behind, they employ about 7 million people. At least today.

Buyout of America: How Private Equity Is Destroying Jobs and Killing the American Economy
Josh Kosman
More Here

Just gotta find another greedy person with a company, and on they go...

Recommendations

0 members have recommended this reply (displayed in chronological order):

Great article by Taibbi, a MUST read. (nt) enough Aug 2012 #1
Unfortunately, very few independents read Rolling Stone. xtraxritical Aug 2012 #17
Have they shared their demographics? sufrommich Aug 2012 #25
Well I sure hope you're right, I wish the NYTs would print this. xtraxritical Aug 2012 #33
Plus, it's too long and full of details and facts and stuff. progressoid Aug 2012 #44
GOOD COVER!! ErikJ Aug 2012 #47
now this is true justice ThomThom Aug 2012 #53
Facts? We ain't go no facts. We don't need no steenkin' facts! tclambert Aug 2012 #50
k&r... spanone Aug 2012 #2
My thought too... BumRushDaShow Aug 2012 #3
I believe Mitt stays within the very thinnest edge of the legal boundaries. riderinthestorm Aug 2012 #8
This is what makes Mitt the perfect candidate for the Koch's and GOP in general Where was George Aug 2012 #22
Private Equity sounds so much more refined than Junk Bond Dealer. So they changed their name, jtuck004 Aug 2012 #46
Everyone in the Democratic Party should go find 2 uninformed persons & tell them this. nt patrice Aug 2012 #4
thanks,kpete for posting n/t antigop Aug 2012 #5
Kick and rec for Taibbi. nt hifiguy Aug 2012 #6
Yeah, he's part of the problem, not the solution krispos42 Aug 2012 #7
+ 1,000,000 Botany Aug 2012 #13
K&R AnotherMcIntosh Aug 2012 #9
KICKING! calimary Aug 2012 #10
Not incompetence by the American press corps. Collusion. nt valerief Aug 2012 #11
+1 freshwest Aug 2012 #41
They're the ones making the Debt a core issue of the campaign....we need to drive this nail in deep! cbdo2007 Aug 2012 #12
The best explanation of the looting of the economy hifiguy Aug 2012 #14
A takeover artist all his life, Romney is now trying to take over America itself. Botany Aug 2012 #15
Excellent article...well worth the time to read it... truebrit71 Aug 2012 #16
This man can only be elected by a nation full of suckers. summerschild Aug 2012 #18
Sadly, I quote John "Bluto" Blutarski Harry Monroe Aug 2012 #39
The companion piece about the Bain Bailout is just as damaging, if not more .... Vox Moi Aug 2012 #19
Agreed sunyasi Aug 2012 #20
Isn't Bernie Madoff in jail for doing just that? George II Aug 2012 #21
after reading this article I'm now completely convinced that mittens is a sociopath. nt Javaman Aug 2012 #23
I just finished reading it, if this sociopath wins, we're screwed. nt sufrommich Aug 2012 #24
Worth the time to read Grammy23 Aug 2012 #26
Greatest Paul Ryan description EVER Brainstormy Aug 2012 #27
Rmoney "has emerged now to sell this make-nothing, take-everything, screw-everyone ethos" polichick Aug 2012 #28
This "business model" also helps explain what happened 4 years ago. Viva_Daddy Aug 2012 #29
Bingo! Hydra Aug 2012 #31
kick for later. eom ellenfl Aug 2012 #30
Really good article gopiscrap Aug 2012 #32
K&R - Hope this doesn't get lost in Isaac and the RNC.. needs MAJOR media coverage. n/t K Gardner Aug 2012 #34
Finally in print what DU has been saying for a year. grantcart Aug 2012 #35
HUGE K & R !!! WillyT Aug 2012 #36
K&R hay rick Aug 2012 #37
Taibbi's Peabody - Excellent Expose cantbeserious Aug 2012 #38
that is exactly what a leverage buyout is all about.... WCGreen Aug 2012 #40
kick grantcart Aug 2012 #42
Romney: 'The next president of the USA, Paul Ryan.' WOW, this just hit me. freshwest Aug 2012 #43
That sounds a lot like the GW Bush business plan. MissMarple Aug 2012 #45
I remember thinking Romney Iwillnevergiveup Aug 2012 #48
K & R Amonester Aug 2012 #49
and IMHO, the mormon "church" is nothing Iggy Aug 2012 #51
This message was self-deleted by its author Iggy Aug 2012 #52
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