Matt Taibbi Explains Why You Should Hate Mitt Romney Even More Than You May Have Hated Him Yesterday

[siligut]

8. Mitt took classes from Micheal Milken

http://www.boston.com/business/articles/2012/06/24/the_story_behind_mitt_romneys_work_with_michael_milken_it_was_fun_while_it_lasted/

Milken was so successful at selling risky bonds in exchange for possible double-digit returns that he had become one of the best-known and most controversial financiers in the nation by the time Romney and his partners met with him. A year earlier, Milken’s deals had earned him $550 million in salary and bonuses.

Romney, the famously cautious investment manager, embraced the philosophy of Milken, the embodiment of the high-flying 1980s. Romney, according to his former partners, viewed Milken not just as someone who built up piles of cash, but also as an innovator whose deals could force bloated companies to become leaner, more efficient, and more profitable.

BTW, on The Sopranos, Tony basically did what Mitt did. Take a company build up debt, bleed it and then dump it.