In this time and age, it would be wise to stay away from CEO's as government leaders...

[jmowreader]

23. And it would be even wiser to stay away from corporate raiders

The leveraged-buyout quick-buck artists like Bain Capital are the main reason the economy collapsed. You can go on and on about the mortgage mess, the credit crunch and so on, but the real reason, maybe the ONLY reason, we are in the disaster we are in right now is that after the collapse of the junk bond system, the merger & acquisition industry began using high-risk derivatives to fund leveraged buyouts.

Bain Capital was a pioneer not only in funding LBOs with collateralized debt obligations, but also in the "consortium" leveraged buyout, where a LBO is transacted by a group of raiding firms. The advantage here is twofold: it cuts down on bidding competitions (if you have eight private equity firms in your consortium, you have seven fewer competitors for your target) and by joining forces with other firms you can use their borrowing power to go after larger companies than any one PE firm can attack alone. Most of this shit was invented while Romney was still running the place.

To me, if there's money to be made in fixing something, you don't give the job to the guy who broke it. Romney is that guy.