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View Diary: I KNEW IT! Equity Firms Like Bain Collude According to NYTimes (53 comments)

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  •  I used retail as an example ppl can relate to (8+ / 0-)

    Just about every aspect of our lives is being, for lack of a better word, chain-i-fied.

    Nursing homes
    Plumbing services
    All services
    Medical services
    Apartment Complexes
    Oil Change

    Everything.  The fat cats at the top collude, to drive down the cost of scooping up stuff, gather and then concentrate into chains.

    And off the cuff analogy:  Pretend you and 3 others are playing monopoly.  The other 3 are in collusion.  When either of them land on one of the other twos spot, they pretend to charge each other, but when you land on one of the three spots, they all charge you triple and share the booty.  Their collusion makes you powerless unless you choose to quit the game.

    They have succeeded in rigging the system from soup to nuts.  We are all becoming vulnerable to their whims.  

    Like I said, the big picture of what I sense is beyond my ability to put into words.

    The shareholders suing the Equity firms are doing so because they are being rooked by the collusion.

    It's difficult to be happy knowing so many suffer. We must unite.

    by War on Error on Fri Sep 28, 2012 at 10:04:36 PM PDT

    [ Parent ]

    •  The truth is that a bricks and mortar hospital (3+ / 0-)
      Recommended by:
      Creosote, AnnCetera, War on Error

      ishospital is worth something and has real value as a shelter, a work station and a store of tools and equipment. The money distributed to the share-holders is worthless. There is nothing that can be done with it, but to pass it on in exchange for something else that is, hopefully, equally real. If the money was/is exchanged for debentures or derivatives or certificates of deposit or a futures contract, then it becomes less than worthless because all those financial "instruments" are missing the societal guarantee that the debt will be honored.
      The good faith and credit of the American people has been dishonored by the crooks on Wall Street. They have watered down the value of our currency with their engineered figments of the imagination, whose true objective is to evade their debts.

      What is the object of financial engineering? To disguise debt and obligation so as to get out of paying.

      Borrow + insure + Bankruptcy = Wall Street Trinity

      We organize governments to provide benefits and prevent abuse.

      by hannah on Sat Sep 29, 2012 at 12:44:40 AM PDT

      [ Parent ]

    •  Billions of dollars. (5+ / 0-)

      That's not just upper middle class and upper class folks. That almost certainly includes 401k, pension and/or other funds.

      When there are "shareholder" lawsuits, there are usually big funds who bought what appeared to be a pretty good stock at a pretty good price. But even with their seat at the table, they didn't realize that they were victims of a massive conspiracy and fraud.

      Billions of dollars drained from the economy into the pockets of people like Mitt Romney. When people ask, "what happens to that money, how does it just disappear?" Now we all know.

      The bald-faced arrogance of this statement truly reveals their mindset, though (and reinforces what we already suspected about Mitt Romney);

      These shareholders should be grateful that we purchased their companies when we did, right before the financial crisis hit,” said a senior buyout executive who spoke on the condition of anonymity because of the litigation.
      You got that? You commoners should be GRATEFUL that we decided to defraud and steal from you.

      The great thing is that I'm sure someone (a clerk, collegue or old friend) will make sure that U.S. District Judge Edward Harrington sees this article with this little nugget at the end.

      His Honor will not be nearly as impressed by defendant's largess as the senior buyout executive is.

      © grover

      So if you get hit by a bus tonight, would you be satisfied with how you spent today, your last day on earth? Live like tomorrow is never guaranteed, because it's not. -- Me.

      by grover on Sat Sep 29, 2012 at 01:34:13 AM PDT

      [ Parent ]

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