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View Diary: Wall Street vulture destroys Britain's largest nursing home company (52 comments)

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  •  A dose of their own medicine? (6+ / 0-)

    I can't even hope this, because it's too cruel, but what if an elderly Schwarzmann, decades from now, were bested at his own game: an LBO of the nursing home caring for him, and poof, he's out on the street.

    Sadly, masters of the universe like Schwarzmann have taken so much from others that they will never, ever have to feel the effects of being on the other side.

    •  Why does anyone buy these IPOs? (2+ / 0-)
      Recommended by:
      Lujane, devtob

      The whole game is rigged against the buyers of the public offering, possibly not the initial buyers, but those who buy in shortly after the IPO before it is apparent how badly the private equity firm has impaired this company.

      Private equity firms and investment banks are in a joint conspiracy to rip off the public, by whatever means. Sometimes, as in the case of LinkedIn, the banks scam the sellers (see Joe Nocera's column about that).

      The GOP is the party of mammon. They mock what Jesus taught.

      by freelunch on Thu Jun 02, 2011 at 09:55:13 AM PDT

      [ Parent ]

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