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Originally posted by Nite_wing
If you want to talk about parasites, here are a few.
Franklin Raines-Chairman of Fannie Mae when it collapsed. Raines works for the Obama Campaign as his Chief Economic Advisor.
Tim Howard, CFO of Fannie Mae-forced out for manipulating the books to show a stable pattern of earnings. Now Obama's Chief Economic Advisor under Franklin Raines.
Jim Johnson-Executive of Lehman Brothers who was forced out as CEO of Fannie Mae for hiding his salary. Johnson was hired as a Senior Obama Finance Advisor and was selected to run Obama's Vice Presidential Search Committee.
Analysis: While the above litany of charges against former Fannie Mae executives Franklin Raines, Tim Howard, and Jim Johnson matches up pretty closely with what has been reported in legitimate news sources, it's not true that any of these gentlemen went on to serve as "chief economic adviser" or "senior financial adviser" to the Barack Obama campaign.
Originally posted by Viesczy
Originally posted by michaelbrux
Successful companies are rarely 'For Sale'. rarely as in almost never.
actually, companies that are suffering and not competitive are the ones that are sold.
just thought I'd mention this, which appears obvious to me.
In the corporate world everything is for sale.
The suffering and uncompetitive companies are just sold for less.
The article is an interesting read and insight into Mitt.
Originally posted by femalepharoe
reply to post by michaelbrux
the difference is the tape casette was replaced, the typewriter was replaced. All of these progressions are the normal evolution of free market.
the better mouse trap.
The companies that were given as example; paper , steel , medical equipment....are still pretty lucrative industries.
Lucrative to the people who OWN the corporation, and satisfactory ends meat jobs for the 3rd world workers who now make the products.
Even a company Romney cites as one of his greatest achievements — Steel Dynamics, where he was a minority investor — was practically launched by corporate welfare. Indiana taxpayers gave the firm $77 million to open a plant. Residents of DeKalb County actually had their income taxes raised solely to help Romney and his friends.
Originally posted by Alxandro
One good thing about the long winded GOP primaries is that this Bain issue has already been discussed over and over, so Romney already has experience answering these questions.
He survived Newt, so Obama would be a piece of cake.
As business slowed, this debt load began to squeeze the firm. Bain & Co. ultimately found itself in non-compliance with Bank of New England loan covenants. The resulting debt write-off at the bank eventually resulted in that bank's failure in 1991.
Facing financial duress, Bain Capital partner Mitt Romney was asked to rejoin and lead Bain & Co. as interim CEO. Romney negotiated a complex settlement between the Bain partnership and the firm's lenders, including a $10 million reduction in the $38 million Bain owed the Bank of New England, which by that time had been seized by the FDIC and placed in Chapter 7 liquidation.
For eleven years Harold Kellogg had worked for an office-supplies manufacturer called SCM, but a few months earlier his plant had been acquired by a Texas-based company called American Pad and Paper, in which Bain Capital had a majority stake. AmPad fired all of the union workers at Kellogg’s plant, more than 250 people in total, then hired most of them back at much lower wages.
For years, Harold and his fellow employees had gotten health-care coverage as part of their pay package, but now AmPad asked them to pay half of the costs.
By 2001, five years after the company had been taken public, it had filed for bankruptcy and liquidated its assets. But Bain Capital made more than $100 million from AmPad for itself and its investors.
Bain Capital's acquisition of Ampad exemplified a deal where it profited handsomely from early payments and management fees, even though the subject company itself ended up going into bankruptcy.
Dade Behring was another case where Bain Capital received an eightfold return on its investment, but the company itself was saddled with debt and laid off over a thousand employees before Bain Capital exited (the company subsequently went into bankruptcy, with more layoffs, before finally recovering and prospering).
Originally posted by benrl
Romney makes perfect sense if you want to chop shop this country and sell it piece meal to china and all or other debitors.. I mean thats basically what Romney did for a living.
and dont get me wrong, Obama is the worst choice, but its like having to Chose from a Break in or a Car Jacking, doesn't really matter in the end your still screwed.edit on 19-4-2012 by benrl because: (no reason given)
Originally posted by Nite_wing
I don't care if Romney destroyed 258 jobs.
I don't care if he had workers re-apply at 1/2 salary. They were offered a job, not welfare.
Obama has destroyed millions of jobs.
If Romney cleaned house at a non-profitable company, he can clean house in America.
Government was never meant to create jobs. It is not to suckle until you can suckle no more.
It is not the Good Will or Salvation Army. It is a net to catch those in unfortunate situations but not to treat then to a lifetime of non-earned benefits.
Government is not supposed to sell car insurance? But it is ok to sell health insurance?
Our government is already heartless. Look at the foreclosures. Look at the buy-a-congressman.
Welfare today is not meant to help. It is meant to buy votes.
Romney is used to being waited on? Obama is used to being served by those ignorant of his intentions.
If you disagree with Our Dear Leader you will be marginalized and held up to ridicule.
It is easy to post anti-Romney threads because of Bain.
It is easier to post anti-Obama threads because of his foolishness and ideology.
Who is selling our technology now? Obama buddies such as General Electric.
Now people are critizing his wife for not being knowledgeable about finances while they are critizing Mitt about his knowledge of finances. Weird logic.
Don't give up. But you are just preaching to the choir out of the Obama handbook. You won't change any minds but it might make you feel better.
Originally posted by neo96
Great another bash Romney thread yes yes Romney is evil for making money but hey guess what that what a Capitalist does.
The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and ...what I do, stock and real estate speculation.
It's bull#. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own. We make the rules, pal. The news, war, peace, famine, upheaval, the price per paper clip. We pick that rabbit out of the hat while everybody sits out there wondering how the hell we did it.
Now you're not naive enough to think we're living in a democracy, are you buddy? It's the free market. And you're a part of it. You've got that killer instinct. Stick around pal, I've still got a lot to teach you.