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Every one (republicans) brag on how and what a great business man Romnye is. How they much rather have a business man run the country ..Blah blah blah.
So how did he make it with Bain. " Pirate Equity"
Here is how Pirate Equity works:
Pirate Equity firms make fortunes by buying companies using a lot of leverage. They use very little actual cash. They then load the company down with loans and/or junk bonds, i.e. lots and lots of debt. They use the newly acquired (stolen) company’s assets as collateral. And what do they do with all that cash from those loans? Use it to help the company, buy equipment, expand markets, etc?? No !!
They suck out all the cash with dividends to themselves, then later they make more money by taking the company public again and quickly abandoning it, or selling it at a higher price to a buyer who is only interested in it solely because of the cost advantages of the newly reduced workforce. That is of course if the company doesn’t go bankrupt first, which is the case in the vast majority of leveraged buyouts. Those sucked out / cash poor companies will take a decade to work off their debt and almost all go under trying, destroying the livelihoods of everyday workers who in some cases have worked their entire adult lives at these companies.
Yep, Mitt understands America and particularly the middle class. He has put a ton of them out of work as he represents his core aristocratic beliefs so very well .
There might be a few sucesses but the majoirty NOT! This is what he will do to middle America. Suck the life out of them. Yep just what we need..
So how did he make it with Bain. " Pirate Equity"
Here is how Pirate Equity works:
Pirate Equity firms make fortunes by buying companies using a lot of leverage. They use very little actual cash. They then load the company down with loans and/or junk bonds, i.e. lots and lots of debt. They use the newly acquired (stolen) company’s assets as collateral. And what do they do with all that cash from those loans? Use it to help the company, buy equipment, expand markets, etc?? No !!
They suck out all the cash with dividends to themselves, then later they make more money by taking the company public again and quickly abandoning it, or selling it at a higher price to a buyer who is only interested in it solely because of the cost advantages of the newly reduced workforce. That is of course if the company doesn’t go bankrupt first, which is the case in the vast majority of leveraged buyouts. Those sucked out / cash poor companies will take a decade to work off their debt and almost all go under trying, destroying the livelihoods of everyday workers who in some cases have worked their entire adult lives at these companies.
Yep, Mitt understands America and particularly the middle class. He has put a ton of them out of work as he represents his core aristocratic beliefs so very well .
There might be a few sucesses but the majoirty NOT! This is what he will do to middle America. Suck the life out of them. Yep just what we need..
southpark is still right. 
The data does not look so good. And, with all the money blown in the last 4 years we should at least all be sitting drinking Champagne @ the beach somewhere, at least to drown the guilt. I mean with the bill we're dumping on posterity. I have no clue where people think we are supposed to build wealth in leiu of business, lotteries or gold mines??? 
