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Re: Romney Talks About Stripping Companies of Their Wealth. He Himself Took No Risks, and Never Lost Money. I Don't Call That Capitalism.
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Deke
Sep 30, 2012, 5:51:21 PM9/30/12
to
On 28 Sep 2012, Lisa Lisa <harryh...@yahoo.com> posted some
news:0735e304-f321-402f...@a11g2000yqb.googlegroups.com:
> He loads the companies, NOT Bain, with debt, restructures them, and
> charges "consulting fees," among other payments. The managers of Bain
> always made money, whether or not the company did well. And Romney
> himself, who was guraranteed compensation no matter how Bain worked
> out, took no risks either:
>
>
> http://www.huffingtonpost.com/2012/09/27/mitt-romney-video-bain-harvest
> -companies_n_1918892.html?utm_hp_ref=politics
>
No shit, stupid. That's how venture capitalism works. It's a job, a
function, a service. Just like sitting on your fat ass behind a
government desk and signing blacks up for welfare checks.
Just because you're too stupid to compute interest and work a balance
sheet doesn't mean it's bad.
Let's simplify this for you.
Companies who deal with venture capitalists fall into narrow categories.
1. The company is at risk because of declining markets, overloaded
pension debt, outdated expensive technology, mismanagement, corruption,
union contracts, etc.
2. It's a startup. Startups are always risky.
3. The management of the company has assessed their long term viability
and determined that the company will fail because it will no longer have
relevance in 5, 10, 15 years. They want to maximize financials before it
tanks.
4. Sale of a company.
A venture capitalist is brought in to analyze the company and determine
where they can optimize their operation and financials. They bring in
experts, trim deadwood, help streamline processes, update managment
systems and equipment if that is what is needed. And yes, they get paid
for their efforts just like the electric company gets paid. They get paid
on a percentage basis as agreed up front.
What's the problem with getting paid for doing highly skilled work?
If you were in business, you wouldn't last long with a liberal philosophy
of breaking even, or making 1% on every deal.
news:0735e304-f321-402f...@a11g2000yqb.googlegroups.com:
> He loads the companies, NOT Bain, with debt, restructures them, and
> charges "consulting fees," among other payments. The managers of Bain
> always made money, whether or not the company did well. And Romney
> himself, who was guraranteed compensation no matter how Bain worked
> out, took no risks either:
>
>
> http://www.huffingtonpost.com/2012/09/27/mitt-romney-video-bain-harvest
> -companies_n_1918892.html?utm_hp_ref=politics
>
No shit, stupid. That's how venture capitalism works. It's a job, a
function, a service. Just like sitting on your fat ass behind a
government desk and signing blacks up for welfare checks.
Just because you're too stupid to compute interest and work a balance
sheet doesn't mean it's bad.
Let's simplify this for you.
Companies who deal with venture capitalists fall into narrow categories.
1. The company is at risk because of declining markets, overloaded
pension debt, outdated expensive technology, mismanagement, corruption,
union contracts, etc.
2. It's a startup. Startups are always risky.
3. The management of the company has assessed their long term viability
and determined that the company will fail because it will no longer have
relevance in 5, 10, 15 years. They want to maximize financials before it
tanks.
4. Sale of a company.
A venture capitalist is brought in to analyze the company and determine
where they can optimize their operation and financials. They bring in
experts, trim deadwood, help streamline processes, update managment
systems and equipment if that is what is needed. And yes, they get paid
for their efforts just like the electric company gets paid. They get paid
on a percentage basis as agreed up front.
What's the problem with getting paid for doing highly skilled work?
If you were in business, you wouldn't last long with a liberal philosophy
of breaking even, or making 1% on every deal.
Lisa Lisa
Sep 30, 2012, 9:18:09 PM9/30/12
to
On Sep 30, 5:51 pm, Deke <d...@charter.net> wrote:
> On 28 Sep 2012, Lisa Lisa <harryharr...@yahoo.com> posted somenews:0735e304-f321-402f...@a11g2000yqb.googlegroups.com:
to Romney's actual work history.
Romney and Bain's management made money no matter how their
"restructuring" worked out. Moreover, he was promised his old job,
with all the raises, if Bain didn't work out. That's not capitalism;
that's a sinecure.
Romney is no entrepreneurial hero. Far from it---he was given
guarantees that no capitalist should have. Romney reminds me of the
churchmen who held office in the old Catholic church. They got an
income, but did no work. I can't think of anything else to compare
Bain to.
> Just because you're too stupid to compute interest and work a balance
> sheet doesn't mean it's bad.
>
> Let's simplify this for you.
Don't bother. You've already revealed yourself to be an anti-
capitalist racist. You don't believe capitalists need to take risks,
so you aren't a proper capitalist. Goodbye.
Lisa
> On 28 Sep 2012, Lisa Lisa <harryharr...@yahoo.com> posted somenews:0735e304-f321-402f...@a11g2000yqb.googlegroups.com:
>
> > He loads the companies, NOT Bain, with debt, restructures them, and
> > charges "consulting fees," among other payments. The managers of Bain
> > always made money, whether or not the company did well. And Romney
> > himself, who was guraranteed compensation no matter how Bain worked
> > out, took no risks either:
>
> >http://www.huffingtonpost.com/2012/09/27/mitt-romney-video-bain-harvest
> > -companies_n_1918892.html?utm_hp_ref=politics
>
> No shit, stupid. That's how venture capitalism works. It's a job, a
> function, a service. Just like sitting on your fat ass behind a
> government desk and signing blacks up for welfare checks.
None of what you just wrote had any value at all, nor any connection
> > He loads the companies, NOT Bain, with debt, restructures them, and
> > charges "consulting fees," among other payments. The managers of Bain
> > always made money, whether or not the company did well. And Romney
> > himself, who was guraranteed compensation no matter how Bain worked
> > out, took no risks either:
>
> >http://www.huffingtonpost.com/2012/09/27/mitt-romney-video-bain-harvest
> > -companies_n_1918892.html?utm_hp_ref=politics
>
> No shit, stupid. That's how venture capitalism works. It's a job, a
> function, a service. Just like sitting on your fat ass behind a
> government desk and signing blacks up for welfare checks.
to Romney's actual work history.
Romney and Bain's management made money no matter how their
"restructuring" worked out. Moreover, he was promised his old job,
with all the raises, if Bain didn't work out. That's not capitalism;
that's a sinecure.
Romney is no entrepreneurial hero. Far from it---he was given
guarantees that no capitalist should have. Romney reminds me of the
churchmen who held office in the old Catholic church. They got an
income, but did no work. I can't think of anything else to compare
Bain to.
> Just because you're too stupid to compute interest and work a balance
> sheet doesn't mean it's bad.
>
> Let's simplify this for you.
capitalist racist. You don't believe capitalists need to take risks,
so you aren't a proper capitalist. Goodbye.
Lisa
Deepak Mishura
Sep 30, 2012, 10:27:30 PM9/30/12
to
In article <69023527-089c-44b6-a6c2-
6eef1d...@r7g2000yqa.googlegroups.com>
jaws together doesn't really count as work in my book.
> Romney and Bain's management made money no matter how their
> "restructuring" worked out. Moreover, he was promised his old job,
> with all the raises, if Bain didn't work out. That's not capitalism;
> that's a sinecure.
The govenment works that way. What's the problem? What's good
for the government is not good for the people?
> Romney is no entrepreneurial hero. Far from it---he was given
> guarantees that no capitalist should have. Romney reminds me of the
> churchmen who held office in the old Catholic church. They got an
> income, but did no work. I can't think of anything else to compare
> Bain to.
Warren Buffet? Carl Icahn?
> > Just because you're too stupid to compute interest and work a balance
> > sheet doesn't mean it's bad.
> >
> > Let's simplify this for you.
>
> Don't bother. You've already revealed yourself to be an anti-
> capitalist racist. You don't believe capitalists need to take risks,
> so you aren't a proper capitalist. Goodbye.
Obama is an anti-capitalist racist communist. How do we get rid
of him?
> Lisa
This isn't Lisa Agnes Gardner hanging out in the black groups is
it? You sound like her.
6eef1d...@r7g2000yqa.googlegroups.com>
Lisa Lisa <harryh...@yahoo.com> wrote:
>
> On Sep 30, 5:51 pm, Deke <d...@charter.net> wrote:
> > On 28 Sep 2012, Lisa Lisa <harryharr...@yahoo.com> posted somenews:0735e3
> 04-f321-402f-a0...@a11g2000yqb.googlegroups.com:
>
> On Sep 30, 5:51 pm, Deke <d...@charter.net> wrote:
> > On 28 Sep 2012, Lisa Lisa <harryharr...@yahoo.com> posted somenews:0735e3
> >
> > > He loads the companies, NOT Bain, with debt, restructures them, and
> > > charges "consulting fees," among other payments. The managers of Bai
> n
> > > always made money, whether or not the company did well. And Romney
> > > himself, who was guraranteed compensation no matter how Bain worked
> > > out, took no risks either:
> >
> > >http://www.huffingtonpost.com/2012/09/27/mitt-romney-video-bain-harvest
> > > -companies_n_1918892.html?utm_hp_ref=politics
> >
> > No shit, stupid. That's how venture capitalism works. It's a job, a
> > function, a service. Just like sitting on your fat ass behind a
> > government desk and signing blacks up for welfare checks.
>
> None of what you just wrote had any value at all, nor any connection
> to Romney's actual work history.
So? Obama doesn't have any work history either. Banging your
> > > He loads the companies, NOT Bain, with debt, restructures them, and
> > > charges "consulting fees," among other payments. The managers of Bai
> n
> > > always made money, whether or not the company did well. And Romney
> > > himself, who was guraranteed compensation no matter how Bain worked
> > > out, took no risks either:
> >
> > >http://www.huffingtonpost.com/2012/09/27/mitt-romney-video-bain-harvest
> > > -companies_n_1918892.html?utm_hp_ref=politics
> >
> > No shit, stupid. That's how venture capitalism works. It's a job, a
> > function, a service. Just like sitting on your fat ass behind a
> > government desk and signing blacks up for welfare checks.
>
> None of what you just wrote had any value at all, nor any connection
> to Romney's actual work history.
jaws together doesn't really count as work in my book.
> Romney and Bain's management made money no matter how their
> "restructuring" worked out. Moreover, he was promised his old job,
> with all the raises, if Bain didn't work out. That's not capitalism;
> that's a sinecure.
for the government is not good for the people?
> Romney is no entrepreneurial hero. Far from it---he was given
> guarantees that no capitalist should have. Romney reminds me of the
> churchmen who held office in the old Catholic church. They got an
> income, but did no work. I can't think of anything else to compare
> Bain to.
> > Just because you're too stupid to compute interest and work a balance
> > sheet doesn't mean it's bad.
> >
> > Let's simplify this for you.
>
> Don't bother. You've already revealed yourself to be an anti-
> capitalist racist. You don't believe capitalists need to take risks,
> so you aren't a proper capitalist. Goodbye.
of him?
> Lisa
This isn't Lisa Agnes Gardner hanging out in the black groups is
it? You sound like her.
Nickname unavailable
Sep 30, 2012, 10:37:17 PM9/30/12
to
On Sep 30, 4:51 pm, Deke <d...@charter.net> wrote:
> On 28 Sep 2012, Lisa Lisa <harryharr...@yahoo.com> posted somenews:0735e304-f321-402f...@a11g2000yqb.googlegroups.com:
you mis-spoke, its called "VULTURE CAPITALISM".
> On 28 Sep 2012, Lisa Lisa <harryharr...@yahoo.com> posted somenews:0735e304-f321-402f...@a11g2000yqb.googlegroups.com:
Nickname unavailable
Sep 30, 2012, 10:39:19 PM9/30/12
to
On Sep 30, 9:27 pm, "Deepak Mishura" <nob...@slug.sluggish.net> wrote:
> In article <69023527-089c-44b6-a6c2-
> 6eef1d7b9...@r7g2000yqa.googlegroups.com>
have fun explaining away the fact that under obama, taxes are at a 80
year low, and corporate profits are at or near all time highs.
besides, everyone knows marx was a "CONSERVATIVE".
> In article <69023527-089c-44b6-a6c2-
> 6eef1d7b9...@r7g2000yqa.googlegroups.com>
>
>
>
> Lisa Lisa <harryharr...@yahoo.com> wrote:
>
> > On Sep 30, 5:51 pm, Deke <d...@charter.net> wrote:
> > > On 28 Sep 2012, Lisa Lisa <harryharr...@yahoo.com> posted somenews:0735e3
> > 04-f321-402f-a0e4-f3aecc6f2...@a11g2000yqb.googlegroups.com:
>
>
> Lisa Lisa <harryharr...@yahoo.com> wrote:
>
> > On Sep 30, 5:51 pm, Deke <d...@charter.net> wrote:
> > > On 28 Sep 2012, Lisa Lisa <harryharr...@yahoo.com> posted somenews:0735e3
year low, and corporate profits are at or near all time highs.
besides, everyone knows marx was a "CONSERVATIVE".
Old Pif
Oct 1, 2012, 7:34:46 AM10/1/12
to
> No shit, stupid. That's how venture capitalism works. It's a job, a
> function, a service. Just like sitting on your fat ass behind a
> government desk and signing blacks up for welfare checks.
>
OooooooooK, but why anybody in his own mind would like to have such a
> function, a service. Just like sitting on your fat ass behind a
> government desk and signing blacks up for welfare checks.
>
guy as a President?
Dick Chang
Oct 5, 2012, 2:14:07 AM10/5/12
to
On 30 Sep 2012, Nickname unavailable <video61%tcq...@gtempaccount.com>
posted some
news:e4457819-c55f-4bf4...@a7g2000yqo.googlegroups.com:
thanks to bush. lol!
posted some
news:e4457819-c55f-4bf4...@a7g2000yqo.googlegroups.com:
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