Speaking of Ruthless Capitalism
rich
richard.romeo at gmail.com
Tue Oct 6 18:44:29 CDT 2009
this piece about private equity firms buying up companies w/ borrowed
money then cashing in after flipping them, leaving aforementioned
company w/ piles of debt, epitomizes the corruption of today's
economic landscape--its pretty infuriating.
these dickheads are not creating anything, shuffling paper, fucking
people who have been working for companies for yrs, they don't even
have to put up their own cash. sounds like a rigged system to me
http://www.nytimes.com/2009/10/05/business/economy/05simmons.html?_r=1&scp=1&sq=mattress&st=Search
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