?

[trendlover]

Quote from PHOENIX TRADING:

You still don't get it do you?
Money invested on behalf of a pension fund is NOT GOVT MONEY.

It's just like a mutual fund investing it's assets.

The fact that you cannot see that once it's even pointed out to you, makes you an imbecile

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"But most members of the public do not know that close to half the investment capital in private equity funds is contributed directly by government entities. In this respect, private equity is little different than companies like Fannie, Freddie, and Solyndra that are regularly criticized in the media as recipients of government subsidies.

Their decisions to invest government funds in private equity reflect assumptions by government officials that have gone unchallenged and, we contend, are quite likely incorrect. Moreover, virtually all of the important details of the private equity investments made by these state investors are kept secret at the insistence of PE firms, in striking contrast to every other type of government contract.

Snip

"Unlike America’s high growth, low unemployment period of the 1950 and 1960s, the benefits of these sorts of “productivity increases” appear not to have been shared with workers, despite the claims of some private equity managers that the public benefits via their pension fund investments. Rather, it appears that they accrue mainly to the buyout fund managers. If the claim doesn’t hold up of high returns for governmental investors, there appears to be no justification at all for the collateral damage of job losses, underinvestment in portfolio companies, and economy-wide distortions, not only of capital allocation but even of policy priorities as a result of the industry’s attempts to justify itself."
Read more at http://www.nakedcapitalism.com/2012...sponsored-enterprise.html#fr7qPe0EdW60P3pX.99

 

[PHOENIX TRADING]

Quote from trendlover:

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"But most members of the public do not know that close to half the investment capital in private equity funds is contributed directly by government entities. In this respect, private equity is little different than companies like Fannie, Freddie, and Solyndra that are regularly criticized in the media as recipients of government subsidies.

Their decisions to invest government funds in private equity reflect assumptions by government officials that have gone unchallenged and, we contend, are quite likely incorrect. Moreover, virtually all of the important details of the private equity investments made by these state investors are kept secret at the insistence of PE firms, in striking contrast to every other type of government contract.

Snip

"Unlike America’s high growth, low unemployment period of the 1950 and 1960s, the benefits of these sorts of “productivity increases” appear not to have been shared with workers, despite the claims of some private equity managers that the public benefits via their pension fund investments. Rather, it appears that they accrue mainly to the buyout fund managers. If the claim doesn’t hold up of high returns for governmental investors, there appears to be no justification at all for the collateral damage of job losses, underinvestment in portfolio companies, and economy-wide distortions, not only of capital allocation but even of policy priorities as a result of the industry’s attempts to justify itself."
Read more at http://www.nakedcapitalism.com/2012...sponsored-enterprise.html#fr7qPe0EdW60P3pX.99

Just like obama, we correct your error and nevertheless you keep preaching the same nonsense.

It's called LYING.

 

[LEAPup]

Trendlover, have you ever been in a Turkish prison?

 

[trendlover]

Quote from trendlover:

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My point is when I read this link you can see Romney is destructive to the middle class USA, and his money is very much connected to "goverment" money. And Romney talk about 47% of the American people depend on government for "free" and not want to work, but he take and make bet with government money. If Romney really believe in what he talk about, he will not play that game. He is very very greedy and is thinking of his family and religion only. He is selling the snake oil just like poster freethinker talk about.

So I am not saying private equity is not good investment, I am saying sometimes private equity is no so "private" enterprise. Romney is so full of shit to pretend he does not know "where" the money feeder funds is originate for many of the transactions. He know this is government moneys he play with.

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Ok Phoenix, I see. I should not say "government money" in this post above. I should say government employee money. (Taxpayer money) What I am trying to say is Mitt Romney talk so bad about 47% Americans. But private equity money is 30% coming from government pension funds. So these people are paid from the taxpayer money, and some of their pension is funded with the taxpayer money. And those peoples are the 47% he talk so bad about.
So what happens when the private equity is not making enough money for the pensions? The state is short for money and raise taxes on people. And when private equity take peoples jobs and pension away from them, what happens to the people? They go to money from taxpayers. Unemployment money and other money when they have no health insurance too.

"The single largest source of capital to the private equity industry is governmental pension funds. According to Preqin, a commercial database that tracks investment in private equity, approximately 30 percent of capital in U.S. private equity funds was contributed by governmental pension funds."
Read more at http://www.nakedcapitalism.com/2012...sponsored-enterprise.html#mfr6pTqqsAc6hjHS.99

 

[PHOENIX TRADING]

Quote from trendlover:

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Ok Phoenix, I see. I should not say "government money" in this post above. I should say government employee money. (Taxpayer money) What I am trying to say is Mitt Romney talk so bad about 47% Americans. But private equity money is 30% coming from government pension funds. So these people are paid from the taxpayer money, and some of their pension is funded with the taxpayer money. And those peoples are the 47% he talk so bad about.
So what happens when the private equity is not making enough money for the pensions? The state is short for money and raise taxes on people. And when private equity take peoples jobs and pension away from them, what happens to the people? They go to money from taxpayers. Unemployment money and other money when they have no health insurance too.

"The single largest source of capital to the private equity industry is governmental pension funds. According to Preqin, a commercial database that tracks investment in private equity, approximately 30 percent of capital in U.S. private equity funds was contributed by governmental pension funds."
Read more at http://www.nakedcapitalism.com/2012...sponsored-enterprise.html#mfr6pTqqsAc6hjHS.99

You stupid fvcking moron:
1) government employee money. is NOT (Taxpayer money) at that point it's part of their compensation ie (pay benefits).

2) If the sheer magnitude of govt pension plan investment in private equity bothers you : You should be upset about the growth of govt employment rolls and skewed benefits packages, not Private equity firms.

 

[trendlover]

Quote from PHOENIX TRADING:

You stupid fvcking moron:
1) government employee money. is NOT (Taxpayer money) at that point it's part of their compensation ie (pay benefits).

2) If the sheer magnitude of govt pension plan investment in private equity bothers you : You should be upset about the growth of govt employment rolls and skewed benefits packages, not Private equity firms.

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You are ghetto with your language. And you are so much bullshit too.

 

[PHOENIX TRADING]

Quote from trendlover:

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1)You are ghetto with your language. 2)And you are so much bullshit too.

1) I do that with liars.
2) Point out my errors then.

 

[trendlover]

Quote from PHOENIX TRADING:

2) If the sheer magnitude of govt pension plan investment in private equity bothers you : You should be upset about the growth of govt employment rolls and skewed benefits packages, not Private equity firms. [/B]

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Hmm, if Mitt Romney against government pension plan is too generous, then YOU can question Mitt Romney of why 30% of the private equity money is coming from that. If Mitt Romney is honest to his belief of government benefits is too much, then he will not play in that game and take their money. But he do that, and he know where this money is coming from. Why does Mitt Romney question too much money to government people, but he make many times more from his speculation in the market?
BIG WHORE he is.

 

[PHOENIX TRADING]

Quote from trendlover:

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Hmm, if Mitt Romney against government pension plan is too generous, then YOU can question Mitt Romney of why 30% of the private equity money is coming from that. If Mitt Romney is honest to his belief of government benefits is too much, then he will not play in that game and take their money. But he do that, and he know where this money is coming from. Why does Mitt Romney question too much money to government people, but he make many times more from his speculation in the market?
BIG WHORE he is.

In your zeal to pin something untoward onto mitt romney you are twisting yourself into asinine positions.

Which is your chief bitch?
1) mitt made money running a private equity firm or
2) Private equity firms abuse govt pension plans.

 

[trendlover]

Quote from PHOENIX TRADING:

In your zeal to pin something untoward onto mitt romney you are twisting yourself into asinine positions.

Which is your chief bitch?
1) mitt made money running a private equity firm or
2) Private equity firms abuse govt pension plans.

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You are really so ghetto in your language. Angry.
I am question who will vote for this man to be president of thier whole country? His life is not about his whole country. His life is about his connection to how he can make money for his family and his religion. If he is president, what do you think his policy will be bias to? And to believe that stupid religion, he think he is going to be king or something in that religion.
How can this man talk bad about the 47% American people to the wealthy people he want tp please? Then Romney pretend he dig holes to help people in his fake add, and his wife pretend she go shop for food at Costco? Nothing is wrong to make money. But Romney know in his heart to make his money he destroy American middle class. He know how that game is played. Where do you think his heart is when he is president? Who do you think his policy if his is the president will help?
To me I really do not care if he have clean life with no smoking, no drinking, love his mormon religion. Because he is still very, very greedy for his own. And to me he is want to keep what he have, and have more.