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View Diary: Stockman: Romney and Bain Were About Stripping Cash Out Of Companies For Themselves, Not About Jobs (179 comments)

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  •  The Bain model is just Drexel revisited, LBO then (5+ / 0-)

    sell all real assets and lease back to company, cut head count and repackage company for sale, either through new stock offering or private placement, or engineer an "ESOP" for the remaining petrified employees to drain even more cash from the pockets of labor. It should be illegal to buy a company withn the proceeds of loans on its own property and equipment to pay back "investors" who are nothing but bottom feeding junk dealers.

    "Intelligence is quickness in seeing things as they are..." George Santayana

    by KJG52 on Wed May 23, 2012 at 11:35:49 AM PDT

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