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Feb. 15th, 2012 06:53 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
foolsguineaMitt Rmoney, professional capitalist, calls a government-managed bankruptcy which gave a worker's association a majority stake in the firm, "crony capitalism;" thinks the outside creditors should have been protected over the people who, you know, worked there full-time and gave their lives to the firm.
Ironic.
Hey, R-money, maybe Bain Capital should have managed the bankruptcy, instead? Oh, that's right, you couldn't get the capital, because your company's owners pocket its profit instead of maintaining cash reserves. Why would we take financial advice from someone who sees businesses and their workers as a thing to be bled for the enrichment of his frat-boy--what's the word?, oh yeah--cronies!?
Ironic.
Hey, R-money, maybe Bain Capital should have managed the bankruptcy, instead? Oh, that's right, you couldn't get the capital, because your company's owners pocket its profit instead of maintaining cash reserves. Why would we take financial advice from someone who sees businesses and their workers as a thing to be bled for the enrichment of his frat-boy--what's the word?, oh yeah--cronies!?
