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Yea, but were not highly popular until the junk bond king came around and really brought them into their hey day. Gotta give the guy credit, hate the fact that he destroyed lives and shattered communities but he was one of the first people to realize that the assets of a company were worth more than their perceived value on the market. If I remember correctly from Den of Thieves and Liar's Poker Milken would target companies spread the rumors of their value and then wait for people to come to him for equity to do a LVO. He would issue the Junk Bonds on which the LVO was financed, what was even better for him was there was zero risk. On the juicer targets he had a select group he would go in with and carve them up for himself. Which ever made more money for him...
How is what Mitt did different from the junk bond king? Well the biggest is he wasn't as talented as Milken...
Steve Jobs (your idol) has more negatives in business than Romney. Why the free pass for him and Buffett?
Yea, but were not highly popular until the junk bond king came around and really brought them into their hey day. Gotta give the guy credit, hate the fact that he destroyed lives and shattered communities but he was one of the first people to realize that the assets of a company were worth more than their perceived value on the market. If I remember correctly from Den of Thieves and Liar's Poker Milken would target companies spread the rumors of their value and then wait for people to come to him for equity to do a LVO. He would issue the Junk Bonds on which the LVO was financed, what was even better for him was there was zero risk. On the juicer targets he had a select group he would go in with and carve them up for himself. Which ever made more money for him...
How is what Mitt different from the junk bond king? Well the biggest is he wasn't as talented or creative as Milken...
They were very popular and continue to be today. Almost every commercial property in the world is bought with LBOs. What makes Mitt different from bullhead? He knows what the hell he's talking about..
If a Democrat was running for POTUS and was the former head of Bain Capital, it'd be totally different. They'd be the benevolent job creating engine sent from God to save humanity.
Bain Capital had many roles. They were a venture capital company. This means that when somebody comes out with a great idea, they can go nationwide practically overnight. This is a good thing. Not every startup is a winner, so you're in the business of picking winners, but if you knock one out of the park and create the next Staples or Subway, then you make a lot of money and create a ton of jobs.
Then there was Bain's other function as private equity fixer-upper. When you take over a failing business all of the jobs are going to be lost if you don't successfully turn them around, so every job that is left at the end should be counted as a net gain for the US job market. Bain just happens to have one of the highest rates of success in the field. Of course no physician is 100% successful at healing the sick in their care and the same is true of Bain Capital. But believe it or not, the doctor still send the family a bill when a mother of six dies in their care. What coldhearted bastards, right? Of course I'm being sarcastic. The point is that doctors don't work for free. They're in the business of making money too.
If a Democrat was running for POTUS and was the former head of Bain Capital, it'd be totally different. They'd be the benevolent job creating engine sent from God to save humanity.
Bain Capital had many roles. They were a venture capital company. This means that when somebody comes out with a great idea, they can go nationwide practically overnight. This is a good thing. Not every startup is a winner, so you're in the business of picking winners, but if you knock one out of the park and create the next Staples or Subway, then you make a lot of money and create a ton of jobs.
Then there was Bain's other function as private equity fixer-upper. When you take over a failing business all of the jobs are going to be lost if you don't successfully turn them around, so every job that is left at the end should be counted as a net gain for the US job market. Bain just happens to have one of the highest rates of success in the field. Of course no physician is 100% successful at healing the sick in their care and the same is true of Bain Capital. But believe it or not, the doctor still send the family a bill when a mother of six dies in their care. What coldhearted bastards, right? Of course I'm being sarcastic. The point is that doctors don't work for free. They're in the business of making money too.
Suck it up dude. Kerry was a real war hero. Look what they did to him. This is war.
Besides, I suspect there are vanishingly few Democrats at Bain Capital. Bain Capital is not exactly the Mayo Clinic, or the United Way.
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