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View Diary: Blackmailing Romney (35 comments)

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  •  You are seriously misinforming people here (0+ / 0-)

    Bain Capital's written strategy does not necessarily agree with how they made their money:

    - Buy a company with little debt using borrowed money
    - Charge them a bunch of fees to...
    - Have them borrow a shit-ton of money
    - As their cashflow gets worse and worse (due to the debt load), fire a bunch of people to "improve" the bottom line
    - charge some more fees!
    - Then issue a "special dividend" for the investors!
    - charge more fees for the dividend issuing
    - strip-mine company by selling off the assets to foreign factory owners

    You're either being foolish or disingenuous here.  I hope you're being foolish.

    In capitalist America, bank robs you!

    by madhaus on Sat Sep 08, 2012 at 08:47:26 PM PDT

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    •  madhaus - while what you outline (0+ / 0-)

      was certainly the case in some of the Bain Capital portfolio my guess is that I am one of the few people, here at DKOS, who has had access to the actual performance data for not only each partnership but each portfolio company. The data is very clear, BC has made nearly all its money selling less than ten companies at significant multiples of what they paid for them, not the fees they charged.

      While I am no fan of Romney, or Bain Capital, the misinformation has been those who have been stating that Bain Capital made huge profits using a strategy that put companies through bankruptcy. That's just false, but widely believed here.

      "let's talk about that"

      by VClib on Sun Sep 09, 2012 at 05:23:54 AM PDT

      [ Parent ]

      •  You haven't given me a single reason to believe a (0+ / 0-)

        word you're saying.  Sorry, but "trust me" isn't going to fly.  And you have, time and time again, defended some truly loathsome corporate behavior.  You have not only not earned your cred with me, I see you as a borderline corporate shill.  And I am only saying borderline because I am giving you the benefit of the doubt.

        If you really have all this background and knowledge, I suggest you demonstrate it instead of your usual tendency to tear down comments without giving of your claimed expertise.  Have you diaried any of this?  If so, please provide them for our review.

        Until you do so, I will continue to dismiss your "contributions" here.  And you have a GREAT day.

        In capitalist America, bank robs you!

        by madhaus on Mon Sep 10, 2012 at 12:39:18 PM PDT

        [ Parent ]

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