The Ponzi Scheme that is American Finance

[risktaker]

Often, I'd agree with that statement except in this case.

I haven't yet heard of Chinese mattresses. I doubt those imports would have been much of a threat to the mattress manufacturing model.

Last time I was buying a mattress, they were mostly American & in the $1000+ range. Seemed like a profitable item to me.

This Simmons co is an example of how unregulated capitalism run by greedy pigs ends up destroying a once great country/economy.

Like I said, those vulture assholes ought to be either shot, taken to jail, or stripped of their loot!

Quote from nutmeg:

Perhaps we look past the cut and dried issue "Load up the companies with debt, make profit, thank you, next." and realize that you can't manufacture in the US and make a profit.

We can blame the finance intelligensia but the hard fact remains, there ain't no money in running a business.

 

[wave]

Will technology save these companies in a postgrowth society?

Will GREEN save them? What will be the net gain if any? Do we look beyond net gain and caste aside greed and do the right thing?

 

[lrm21]

Quote from risktaker:

Often, I'd agree with that statement except in this case.

I haven't yet heard of Chinese mattresses. I doubt those imports would have been much of a threat to the mattress manufacturing model.

Last time I was buying a mattress, they were mostly American & in the $1000+ range. Seemed like a profitable item to me.

This Simmons co is an example of how unregulated capitalism run by greedy pigs ends up destroying a once great country/economy.

Like I said, those vulture assholes ought to be either shot, taken to jail, or stripped of their loot!

Freedom means the ability to do things you don't like.

Its a private business. The owner sold it, are we going to regulate if businesses should be run properly or not, what profit margin should be, how much they should commit to R&D, Marketing, Operations, etc

These guys, were greedy fucks, they may have run a good business into the ground, they may have not.

I question the NY Times.

But its a private fucking business, its no business of ours how they run the company.

There a 1,000 f buisiness who have been run into the ground, by family members, private owners, equity firms, etc.

Thats life.

What we need to do is have open markets so any Joe blow can start a business compete and replace Simmons if they do a shoddy job or are too stupid to continue whoring themselves out to private equity firms.

 

[swtrader]

Quote from maxpi:

I'm coming around to the viewpoint that what needs to be done is reregulation... deregulation has been the big watchword for 30 years or more and it's a disaster...

Democrats are in charge of all three branches of government and they don't have the stones to start standing up to this garbage that is allowed and encouraged... it's a disgrace... get some stones, send some guys in to shoot a few of these investors just to send a message and start passing some legislation quick while there still is a US of A... Democrats should do that because historically when the government officials become nothing more than an elite class of vandals somebody shoots them eventually... I'd compare these Democrats to the Caucescus of Romania... I saw the video of when they were put up against the wall and blown away... they were elites to the very end saying "you can't do this to us, we are the leaders of Romania"... they built the largest known castle in the history of the earth while their population was undernourished and dying.. they probably thought they were providing jobs for the people !!! I kind of wonder if this seemingly stupid Obama or looney Pelosi actually know the difference between a private sector job and a public sector job... how the one takes money OUT of the economy and reduces the tax base.....

"Democrats are in charge of all three branches of government and they don't have the stones to start standing up to this garbage "

'stones' aren't the issue here. democrats are a false 'opposition' party that's owned by the same people who own the republicans

what is the word for owning the party that opposes your primary party?

'Insurance'

 

[ralph00]

Quote from lrm21:

Freedom means the ability to do things you don't like.

Its a private business. The owner sold it, are we going to regulate if businesses should be run properly or not, what profit margin should be, how much they should commit to R&D, Marketing, Operations, etc

These guys, were greedy fucks, they may have run a good business into the ground, they may have not.

I question the NY Times.

But its a private fucking business, its no business of ours how they run the company.

There a 1,000 f buisiness who have been run into the ground, by family members, private owners, equity firms, etc.

Thats life.

What we need to do is have open markets so any Joe blow can start a business compete and replace Simmons if they do a shoddy job or are too stupid to continue whoring themselves out to private equity firms.

It goes beyond that. Read the entire article. These PE companies issue debt in the names of the companies that they have bought and use the proceeds to pay themselves. That sounds an awful lot like rounding up new investors to pay off previous investors ... a legally sanctioned Ponzi scheme.

 

[swtrader]

Quote from wave:

Will technology save these companies in a postgrowth society?

Will GREEN save them? What will be the net gain if any? Do we look beyond net gain and caste aside greed and do the right thing?

when a politician points to 'innovation' as the solution, it means 'we completely f--ked up, and we need someone elses genious and miracle to bail us out of it

<img src = "http://strategytalk.typepad.com/.a/6a00d8341e083253ef011571c24c29970b-pi">

 

[nutmeg]

when a politician points to 'innovation' as the solution,

OR a czar

yes!! yes!!! a CZAR.

 

[weld1]

hey SWTRADER i think u r soooo right about the insurance thing...its a shame ain't it...

 

[maxpi]

The idea that a private company can just do anything it wants and it's nobody's business is very bogus.. .they can't pollute, they can't sell dangerous items, there are a lot of things that they cannot do... we can and should re regulate all this banking garbage so greedy loons can't simply strip mine the economy and throw away the very engines of prosperity...

They need to be policed same as a disruptive student needs to be policed in a classroom, so the rest of the culture can live a meaningful life...

If voters demand that enough, one party or the other, or both, will man up and do it.. otherwise... business as usual, let's all watch Rome burn...