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David Waldman-1, of Yorktown LLC™ @KagroX
Another Bain acquisition turns out to be a Ponzi scheme of circular debt for everyone but Bain. http://t.co/9ngthwC2
David Waldman-1, of Yorktown LLC™ @KagroX
Yes, Mitt shd have learned need for socail safety nets. But also shd know his $ came from throwing companies into financial safety nets.
David Waldman-1, of Yorktown LLC™ @KagroX
Not only did Bain make $ firing workers, it made money handing off debts incurred to pay bonuses by defaulting to PBGC, FDIC, etc.
David Waldman-1, of Yorktown LLC™ @KagroX
Ampad once again illustrates that Romney's $ came from pocketing $ meant for workers, then crying poverty to regulators & guarantors.
David Waldman-1, of Yorktown LLC™ @KagroX
Rotating debt among circles of suckers is a Ponzi scheme if your last suckers are rich investors. If they're federal guarantors, no prob.
David Waldman-1, of Yorktown LLC™ @KagroX
If you control bd of directors, you can make a company w cash or good credit borrow $ & just give it to you. That's the big Bain secret.
David Waldman-1, of Yorktown LLC™ @KagroX
How do you come to control the board of directors? Buy a majority stake. How do you afford that? Raise $ from investors.
David Waldman-1, of Yorktown LLC™ @KagroX
And how do you pay back the investors? Give them a chunk of the money you make the acquired company borrow. That's it. That's the magic.
David Waldman-1, of Yorktown LLC™ @KagroX
If not liking how pvt equity works means yr complaint is w Congress, about what, exactly, do you complain to them? http://t.co/43ABGNec
David Waldman-1, of Yorktown LLC™ @KagroX
How am I supposed to complain to Congress about how private equity works without pointing to how private equity works?

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