KING OF BAIN....Oh My Gawd!

Quote from RCG Trader:

As an individual trader, I have the right to NOT short sell a company to zero tho. That is the point. I can trade green only companies. If my sole and only motivation is raw profit, without being aware of the consequences then it is wrong, tho not illegal.

Corporate Raiders are despised because they are wrong.

Now the one percent has a face. His name is Mitt Romney. Newt is a masterful attack dog, just masterful!

Huh? What kind of left wing gobbly gook is that crap? LOL. So when you trade FX it's not for profit? How do you trade green FX? LOL. Come on man. Global currency traders have hurt far more people then private equity guys. Get over it.
 
Quote from trendlover:

Maverick, is Soros will more likely to donate his winning money to research/development in the USA, or the church compare to Romney?

I may be wrong about this, but Mormons give away more money then any other religious group in the world and certainly more money then most people. Soros gives his money to political groups.
 
Quote from Maverick74:

Huh? What kind of left wing gobbly gook is that crap? LOL. So when you trade FX it's not for profit? How do you trade green FX? LOL. Come on man. Global currency traders have hurt far more people then private equity guys. Get over it.

Confusion, as usual. You seem to follow multiple symbols during the day. Follow along closely. If I am equities guy, I can be a long only trader as a matter of MORAL choice. As a matter of MORAL choice I choose to NOT trade XOM because of what they are doing over in Nigeria.

I can choose to NOT make a billion dollars with the INTENT to collapse GBP.

Romney is a Corporate Raider, and Newt accomplished his goal. Now all Mittens has to do is demonstrate to Joe and Jame Simpson that greed is good and when Bain comes to close their factory and put them on their asses en masse and without notice that it is a good thing:)

This is why unregulated raw winner take all capitalism cannot work.
 
I guess that makes Obama guilty of incompentent stewardship of taxpayer money by massively funding a firm that went bankrupt.

Obama was advised by those who analyzed Solyndra but Obama decided to make a political decision instead of a sound financial decision on behalf of the taxpaying citizens.

Libtards say "shame on Romney for being a successful capitalist".

I say shame on the Obama regime for squandering huge amounts of taxpayer money on a political venture. In any respectable administration this incompetent Energy Sectratary would have been forced out of his cabinet position and replaced with someone competent.

Instead Obama fires his fourth Chief of Staff because his wife thinks the guy is "too white". This is the same woman that held a chicago political patronage job with a huge inapproriate salary and said "for the first time in my adult life I am proud of the United States". Same woman who sat with Barrack Obama in Reverand Wright's rabidly racist sermons that spewed hate towards the United States and praised the 9/11 terrorists.

Yeah, nice couple. They're both marxists, socialists and above all racists.
 
Quote from 377OHMS:

I guess that makes Obama guilty of incompentent stewardship of taxpayer money by massively funding a firm that went bankrupt.

Obama was advised by those who analyzed Solyndra but Obama decided to make a political decision instead of a sound financial decision on behalf of the taxpaying citizens.

Libtards say "shame on Romney for being a successful capitalist".

I say shame on the Obama regime for squandering huge amounts of taxpayer money on a political venture. In any respectable administration this incompetent Energy Sectratary would have been forced out of his cabinet position and replaced with someone competent.

Instead Obama fires his fourth Chief of Staff because his wife thinks the guy is "too white". This is the same woman that held a chicago political patronage job with a huge inapproriate salary and said "for the first time in my adult life I am proud of the United States". Same woman who sat with Barrack Obama in Reverand Wright's rabidly racist sermons that spewed hate towards the United States and praised the 9/11 terrorists.

Yeah, nice couple. They're both marxists, socialists and above all racists.

Noooooo, Romney is a successful raw dog fuck em all capitalist. He is rich because he is very good at finding companies that are worth more dead than alive, guts them, puts their workers on the curbs. They're disenfranchised now, so fuck em, right?:D

Im sure that will go over very very well in the general election there, 377. Just sayin.:)
 
Quote from RCG Trader:

I can choose to NOT make a billion dollars with the INTENT to collapse GBP.

So Soros is a morally corrupt greedy POS. Glad to hear an over the top liberal finally admit it.
 
Quote from Epic:

...It's not just about how many jobs were created in the companies Bain was involved in. Their business model was to try to save companies that would likely fail without them, not because the product wasn't viable, but because the business was poorly run. The point is that without companies like Bain, almost 100% of these companies would either fail or downsize dramatically.

So if we take that angle even a few companies succeeding after Bain involvement are jobs saved. During Bain involvement, only a handful filed bankruptcy, meaning it was by any measure a huge success for job preservation/creation. Then, as I've said before, the indirect jobs created all along the supply chain simply add to that success. Add to that the increases in NAV for all the retirement, pension, and endowments which creates wealth for literally thousands of regular people.

So it is really easily argued that companies exactly like Bain are perfect examples of how effective and positive this form of capitalism is.
I think you're going to have to smother that argument with a lot of barbeque sauce to make it edible. We both know that such private equity firms were in it for quick bucks first, come what may, and with little or no regard to collateral damage. As I recall, some of those companies were legitimate going concerns with reasonable prospects and some competitive advantage, and not anywhere near the end of their rope when Bain entered the picture. Their only vulnerability was to an LBO, and then they were overleveraged and subjected to cost anorexia to enhance the appearance of cash flow, and then poof, they were gone. Yes, it's capitalism, but it's predatory take-no-prisoners capitalism with big teeth rather than the Walt Disney apple pie variety. Bain capitalized on opportunity by preying on the vulnerable, not necessarily the unviable. And while any hardcore capitalist will defend its game, we'll see how the general (voting) public reacts when it has a clear picture of how Bain's sausages were made.

As for the companies that managed to survive Bain's "predations," I wonder if any of Romney's political opponents will challenge him to prove that Bain's participation actually enhanced the overall operations of those companies and not that Bain merely profited by self-serving financial manipulation. There may be nothing illegal about predatory capitalism, but that is not the platform Romney is running on. He is supposed to know how to add value to companies and create jobs. Any political opponent worth his salt will seek verification of such claims. And if Romney can back his claims, then he has a strong leg to stand on.
 
Quote from Lucrum:

So Soros is a morally corrupt greedy POS. Glad to hear an over the top liberal finally admit it.

Funny, I have never heard anyone actually defend Soros on here.
 
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