Wall Street & Bain Capital

Wall Street refers to the financial district of New York City, named after and centered on the eight-block-long street running from Broadway to South Street on the East River in Lower Manhattan. Bain Capital is a Boston-headquartered alternative asset management and financial services company that specializes in Private Equity, Venture Capital, credit and public market investments. 5.0/5

Wall Street Bain Capital Mitt Romney White House President Obama Rolling Stone Social Security Matt Taibbi Private Equity Chris Hayes United States Barack Obama Koch Brothers Goldman Sachs Michael Douglas Fox News Republican Party Blackstone Group Robert Reich

According to Politico, the book also says Booker, who was sworn in as U.S. Senator today, irritated the Obama campaign with his initial Bain Capital remarks on "Meet The Press," and that he made a video explaining his remarks — dubbed the "hostage video" — on his own accord. Politico reported that "Obama’s campaign brass demanded an immediate apology. They asked Booker to issue a short statement walking his comments back. Instead of apologizing, Booker made a three-minute direct to camera video using his laptop. In it, he repeated much of what he said on the Sunday show in gentler words. The campaign was far from satisfied." The book also noted Obama was irritated "that Booker was playing to his donor base — the Wall Street and Private Equity crowd," Politico said. Calls and e-mails to a spokesman for Booker were not returned Thursday night. The book is scheduled for release on Tuesday, Election Day, when New Jerseyans go to the polls to elect a governor. Christie is seeking re-election against De ...
In part two of our interview with Matt Taibbi, he describes recent Wall Street scandals — including a decade-long Wall Street scandal that drained money from every county and state in the United States — and notes not a single bank executive has faced individual consequences. He also explains how Republican presidential nominee Mitt Romney’s former firm, Bain Capital, and others have used Private Equity to raise money to conduct corporate raids. "It’s just a scheme to take a cash-rich company and move all that cash to a few actors — typically it’s the executives of the target company and the executives in the Private Equity firm — and then you force everybody else to pay," Taibbi says. "The workers pay by either losing their jobs or taking reductions in salary, and the guys at the top win." Click here to watch part one of this interview. Amy Goodman: This is Democracy Now!, democracynow.org, The War and Peace Report. I’m Amy Goodman, with Juan González. Matt Taibbi is our guest, contribut ...
Obama killed the Twinkie. That's the latest absurdity being pushed by Fox News and the insanely out of touch radicals who think they speak for the entire Republican Party (they DON'T). I know they don't like to hear them, but here are the FACTS, anyway: Hostess first filed for bankruptcy six years ago, when what's-his-name was president (the radicals go all batcrap when we actually say his name). The company was leveraged, loaded up with debt, the CEOs all recently received ridiculously large bonuses, and the employees and shareholders were given the shaft. But not before the Wall Street "asset management firms" siphoned off millions of dollars in fees. Sound familiar? It should — because that's what Mitt Romney did over and over and over again at Bain Capital. So what killed the Twinkie? Greed killed the Twinkie.
A leader doesn't blame. That is all Obama does. They create positive ideas, put good people in place to do the work and then measures their success for reevaluation. Obama cannot and will not ever be a leader as he has blamed everyone he has to work with. He has blamed Bush, the rich, the Republican Party, the Banks, Wall Street, the regulators, the insurance companies, Fox News, Bain Capital, Hedge Funds, Speculators and floor traders, Military leaders who believe in strength, Military Intelligence, CIA, Conservative Commentators, companies that were going broke, losing market share, etc, so to keep afloat moved their business overseas, people who believe in the right to life, blame, blame, blame. Benghazi should be his downfall unfortunately he is trying to put it off until after the election. Don't let him.
But as we all know, some corporations are more like cold-blooded sharks than warm-blooded human beings ... especially Private Equity firms like Willard Mitt Romney's rapacious team of cannibalistic corporate raiders, Bain Capital. As you will see if you continue reading this page, one of the world's wealthiest men accuses other Americans of wanting "Free Stuff" if they request affordable healthcare, when in fact Romney is the King of Free Stuff and has no compunctions about claiming billions in ill-gotten gains for himself and his super-rich Wall Street cronies.
Ok. Mitt Romney made his money in investment banking, (Bain Capital, etc.) And Barack Obama made his money as a lawyer and politician. Libertarian candidate, Gary Johnson made his money as a handyman, building a one man operation into New Mexico's largest handyman service, with over 1000 employees, with sweat, callouses, back ache and tough personal budget choices. Now, which of these three do you think can REALLY relate to "Main Street" and not "Wall Street"?
Let's play Romney Roulette. Randomly assign a number on the roulette wheel to the various Romney positions on all of the key political issues of the day, e.g., I am for and against the Republican platform position on school vouchers, union-busting, global warming, environmental regulation, privatization of Social Security, raising the qualifying age, means-testing, and vouchers for Medicare, and no exceptions to abortion, even in the case of rape, incest, or the life of the mother, spin the wheel, and no matter where the ball lands, we lose, because he will say and do whatever he has to say and do to get elected, then he will say and do whatever he is told by the same corporate handlers who created the Bain Capital corporation for him to run to give him money-making Wall Street creds and more apparent than real business experience in anticipation of his political career and the final chop-shop fire sale of the American Dream. Or call it Wheel of Misfortune, spun by Ann Romney, that always spells disaster, ...
Over the past several weeks, beginning with the first of the 3 presidential debates, I have seen the anti-Obama rhetoric reach a fever pitch. Half of Americans would blame the president for everything from higher gasoline prices to warts and bad breath... If those who are fed up with Obama have their way, we will soon have a president named Willard Romney who could be a poster boy for the Wall Street fakery and thievery of the 2002-2008 period. Somehow, half of Americans can't- or won't- acknowledge the basic truth that Romney's Bain Capital, and other similar companies, made billions of dollars over the past several decades by closing down American factories and moving the jobs to China. And it is still going on! Apparently, so intense is the hatred for Obama that Americans cannot hear anything but the siren call of Willard Romney promising that he will "punish China for selling goods too cheaply by imposing tariffs on them"... Really?... The Chinese Communist elite certainly see the hypocrisy in a man s ...
Last night I sat and watched the Presidential debate and heard Mr. Romney say he has a plan to create 12 million jobs. What is he going to do invest along with the Koch Brothers and other Wall Street investors in a fast food joint that will compete with White Castle and hire 12 million employees at or below minimum wage (of course with no benefits like health insurance). Then in a few years run up a large debt for his management services and leave the company in bankruptcy holding the bag. That's what he did at Bain Capital and that is what he will do with this country if we are dumb enough to elect him as President. Also, Mr. Romney someone who does what you did at Bain Capital and is doing the same thing in Freeport, IL is NOT a businessman. And they sure as *** are not a Christian (Wait, your a Mormon.does that count as a Christian?) A businessman is someone who runs a business through good times and bad, listens to their customers and takes care of their most valuable resource.their employees. And ...
I hope Romney is confronted tonight with the fact that his tax returns seem to be "Top Secret". What's he hiding? It could be a lot of things ranging from his borderline, questionably legal dealings at Bain Capital to his involvement in the creation of the "junk bonds" aka CDO's (Collateralized Debt Obligations) leading directly to the near financial collapse of 2008. If he has nothing to hide with the exception of low percentage tax rates, there is no reason for him not to release all his tax returns. Hopefully, some hacker somewhere will earn a million dollars from Larry Flint and post Romney's tax returns on the Internet before the election. Let's not let this guy drive this country over a cliff as he has done with so many companies that he hijacked (through LBO's), stripped of assets, and then caused to go bankrupt along with the loss of thousands of jobs and pensions. His actions look like the famous bank robber, Willie Sutton, except Romney used Wall Street and M1A1 tanks instead of a hamme ...
Ok an economics professor friend of mine emailed this to me today. He does a much better job explaining why private-equity capitalist like Romney do not actually create jobs. Whether it be Bain Capital, Carl Ichan or even George Soros; their goal is to create wealth for their investors not to create a robust economy. Here is his excerpt: David Stockman, Reagan's budget director and a Wall Street veteran, argues that Romney'ss Bain Capital experience isn't proof that he knows how to create jobs, its prooof that he knows how to borrow money, leverage it, use the tax code to his advantage, and sell! Others have said the same thing, that these "turn around artists" are really professional deal breakers, they know how to use the law to break contracts to get out of old deals so they can make new ones. It is way too complicated an issue to come up in a debate, but here are some of Stockman's comments in an op-ed today: "Except Mitt Romney was not a businessman; he was a master financial speculator who boug ...
I don't know about that one. Sarah Palin's lies seemed to be genuine, doofus moments, as if she was actually doing the best that she could do. Paul Ryan's lies, much like Mitt Romney's lies, are much more purposely constructed to garner a specific result by tainting and confusing the angry gofers in hopes of silencing the truth while enhancing the propaganda. I think Ryan and Mittzophrenia are big league, professional liars, while Palin is still just a little league, amatuer liar, because she's not quite there yet. The only people who can actually give Ryan or Mittzophrenia a run for their money in the lying arena is probably Casey Anthony, *** Cheney and the entire Bush 43 administration, Katherine Harris from the rigged, 2000 presidential election, any lawyer near you or me, or Bain Capital and the Wall Street crooks. Now Karl Rove doesn't make the list, but he gets an honorable mention!
A disconnected candidate can only produce disconnected voters, wars, tax cuts for the rich, a run away Wall Street, weak posture in foreign affairs, ransacked Medicare and Social Security, chaos in the government and a worse economy. This man has no concrete and specific plan. His Bain Capital will continue to destroy America by selling it piece by piece. His investments in China grows to the detriment of America. No shape-shifting, color changing, position swapping, shameless posturing spoiled ex-governor must be elected to the presidency. Learn from George W Bush.
From my friend Honey: "Robert Reich says the attacks on Romney's tenure at Bain Capital miss the larger point, one which even the White House is not prepared to acknowledge: Mitt Romney is not simply a callous vulture capitalist, he is the living embodiment of the financial catastrophe that brought this country to the edge of ruin. [T]he real issue here isn’t Bain’s betting record. It’s that Romney’s Bain is part of the same system as Jamie Dimon’s JPMorgan Chase, Jon Corzine’s MF Global and Lloyd Blankfein’s Goldman Sachs—a system that has turned much of the economy into a betting parlor that nearly imploded in 2008, destroying millions of jobs and devastating household incomes. The winners in this system are top Wall Street executives and traders, private-equity managers and hedge-fund moguls, and the losers are most of the rest of us. The thousands of job losses caused by Bain's "bad bets," while providing rich fodder for the Administration's campaign ads, are really just a microcosm of ...
For those of you who never saw the movie "Wall Street" (the first one) and are still under the illusion that Mitt Romney "earned" his fortune by "building" a business, there is an article in the Aug 29th issue of Rolling Stone Magazine entitled, "Greed and Debt: The True Story of Mitt Romney and Bain Capital." It is a very easy-to-understand explanation of the operations of Private Equity firms and how they amassed enormous profits through corporate takeovers and planned bankruptcies. Of course, the thousands of employees who lost their jobs, health insurance and pensions were not happy. The creditors who were screwed as Mitt and his buddies walked away with millions of dollars they "earned" by burning a company to the ground (figuratively speaking) were kind of p!ssed off, but who cares about those people anyway, right? Mitt got his money - that's the important thing.
On last night's debate, it has become clear that something was not quite right with Obama's performance. Even Democratic pundits are calling his performance lackluster, subpar, flacid, unprepared. Worse, on key issues where he should go on the offensive, Romney's record in Wall Street's Bain Capital in "wheeling-dealing," his fundamental disconnect with the working man, his put-downs of the 47%. Obama did not take the offensive and counter-punch. James Carville, Bill Clinton's "Svengali" and a highly perceptive political operator, has correctly stated that Romney went after Obama with a "chainsaw" and in my view, he "massacred" this U. of Chicago law school professor known for his "cool." According to former Vice-President Al Gore, Obama's lackluster performance may have something to do with Denver's thin mountain air and high elevation, which may have caused Obama to look "giddy," and perhaps "oxygen-deprived." What happened? Where's that "fire in the belly"? That "oratorical" audacity of inspirational ...
 border=
Today news cameras caught Big Bird going to interview at Bain Capital and Cookie Monster dropping off his resume at Goldman Sachs. "Need money to pay for cookies...cookies no is free." said the blue monster, hiding behind dark sun-glasses as he entered the hallowed halls of a Wall Street icon. Lloyd Blankfein, head of investment bank Goldman Sachs said shortly after, "Cookie Monster is that exact type of person we are looking for here at Goldman. Which is to say he is not human at all. He is a voracious beast that will consume all that he comes across regardless of who doesn't get any cookies. Frankly, he reminds me of myself that way I suck up dough all day. Good luck trying to make cake you plebes!" said a smiling Blankfein. Big Bird was less compelled to to speak to the media. When shown that Mitt Romney's Budget Deficit Plan, (Cut PBS 400M - Military Increase 200B = Negative $196B) would actual add to the deficit. Big Bird chuckled before saying, "Looks like his budget plan is brought to you by the le ...
Republican presidential front-runner Mitt Romney defended his record running the private-equity firm Bain Capital LLC and suggested that he may release his tax return in April, during a debate in Myrtle Beach, South Carolina, last night. The debate, sponsored by the Fox News Channel and Wall Street ...
So Bill R., Doc G. et al. DO read the article in Rolling Stone, issue 1165, 9/13/12 entitled Greed and Debt. It is a very well written (as always, by Matt Taibbi, a very reliably, well researched writer) re our pal MittenRomneybus. It explains a lot, particularly the whole Bain Capital situation which I never completely understood and explains more clearly (for me) the whole Wall Street debacle. Very informative and so AWFUL... This should be mandatory reading for all, but. any of you guys read and share, that will work best I guess. U G H!!! Can't actually say "simple is as simple does"... it aint that simple. Deep sigh.
Romney Bemoans Union Contracts Would Prevent Mass Firing of Federal Workers 09/19/2012 Mike Hall We all have regrets in our lives, even Mitt Romney, who told a group of high-roller donors that he regrets federal workers are protected by union contracts, so that if he wins the election, he won’t be able to fire as many workers as he’d like to. In that same secretly recorded video, where he calls half the nation freeloaders, one the attendees at the $50,000-a-head fundraiser at billionaire Marc Leder’s posh mansion urges Romney “to clean house” in federal agencies, including Wall Street watchdogs the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC). Mitt says he’d love to cut a wide swath through the federal workforce, but his hands are tied by union contracts. I wish we weren’t unionized so we could go a lot deeper than you’re actually allowed to go. However, Romney teases his high-value, campaign cash-cow audience with this: “But we c ...
14 FACTS KING OBAMA DOESN'T WANT YOU TO KNOW: But I will tell you. 1. Income inequality is worse under Obama than under Bush. 2. Obama wants to lower the Corporate Tax rate. 3. Health care reform won't make health care cheaper for most Americans. 4. Obama's Housing Programs have largely been a failure. 5. Homeowners have't seen much out of that HUGE Mortgage Deal. 6. Democrats have received lots of campaign cash from Bain Capital. 7. Under Obama, Large Wall Firms have largely escaped punishment for their role in the financial crisis. 8. Obama's Administration is full of Wall Street insiders - The Revolving Door Policy 9. Under Obama's - Too Big to fail BANKS have grown bigger 10. The majority of the so call jobs recovery gains have been LOW-Wage Jobs 11. Income has declined more during the Obama Recovery than the Recession. 12. Payroll Tax Cuts may expire on the Obama's tenure. 13. Many of the TOP Obama Donors are Employees of Major Corporations. 14. Prosecution for Financial FRAUD hit a 20 year low duri ...
"No one can pull the wool over my eyes. Cashmere maybe, but wool, never." Mr. Romney is actually a billionaire and one of the world's richest men, inherited from his father. He met his wife "Lovey" at Harvard and married her in 1969. He remembers it as the day Bain Capital jumped 17 points. Although they've been married 43 years, they both admit that the last 5 years haven't been much of a picnic. But still, "Mittens" can be remarkably sentimental and romantic with Lovey. Known as the Wizard of Wall Street, he has been convicted 6 times on antitrust suits, and investigated every year for income tax evasion. He destroyed up to 12 corporations with leverage buyouts, and as chairman of the board,he has 5,000 employees and an office on the second floor, where he loves to fire them on a regular basis. He prides himself as being a Harvard graduate and a registered Republican. He has homes in Palm Beach, Paris,Bloomfield Hills,Michigan , Monaco,and all 50 states. Mitt has 20 suitcases just for himself.He also li ...
Ooooh sweet! I found my crystal ball! Ok folks. Willard (named after J. Willard Marriott, founder of the hotel chain) Romney and Paul ("Atlas Shrugged") Ryan are popular with white males in small states, making up a minority of electoral votes. With the exception of Texas, the large states are going for Obama-Biden. Obama will be re-elected easily. The Democrats will lose a few seats in the US Senate, possibly 50-50. Wisconsin is one of those odd states where one man can appear two places on the ballot. He will lose as VP, and win as US Congressman. Ryan will boot Boehner out of the Speaker's job, so that Ryan will have something positive to run on in 2016 for President. This means that 1) the stalemate in government will be broken, and 2) major legislation will go to Obama's desk. Since Wall Street is pro-Obama, more than doubling since January 2009, Wall Street will set the agenda not just for the Democrats but the post-Tea Party GOP. Romney will return to Bain Capital, and become much wealthier than ...
I guess what bothers me most about this political season is the hypocritical manner in which Governor Romney is attacked by the entire Obama campaign, including the media. And I'm not talking about little quibbles about who said what about what. I'm talking about the two main talking points we've been hearing from the left in regard to Mr. Romney. First, Mitt is portrayed as someone who has never worked a "real" job for a living, so he can't begin to understand the plight of the middle class. However, I don't recall seeing any paper mills, or grocery stores, or trucking jobs on Mr. Obama's resume. What gives? Finally, what I find most sickening is how Mr. Romney is always portrayed as some sort of Wall Street capitalist who has literally killed people based on the decisions he made while working at Bain Capital. No one ever seems to mention the fact though, that Mr. Obama is a Washington capitalist who came into town with a salary of $200,000 yet in just a few years is worth $10,000,000. And you won't hea ...
What Rolling Stone got right, and wrong, about Bain Capital. FORTUNE — Very few of my friends understand Private Equity, let alone care about it. But some of them wrote me this past weekend, after reading Matt Taibbi’s new cover story for Rolling Stone about Mitt Romney’s time with Bain Capital. For example, this was from my former college housemate Andrew: I read the Taibbi article in Rolling Stone. Reading it you can obviously see that the guy has a fairly biased opinion on Private Equity and Wall Street dealings in general. What’s the industry’s defense of PE? I assume the truth is somewhere between Mitt’s verision of Bain as a massive jobs creator and Gordon Gekko-esque corporate raiders. Andrew has good instincts. Taibbi took out the long knives for this one, which means he sacrificed a bit of accuracy for potency. His overall thesis is correct: There is a fundamental hypocrisy in a former leveraged buyout investor railing against America’s ballooning debt. Leveraged buyouts, by defini ...
"Professor Warren says that the president believes in a world “where no on can steal your purse on Main Street or your pension on Wall Street.” Was theft the problem on Wall Street, or were bad investments? And how exactly do we outlaw bad investments, for pension funds or anybody else? One good strategy for avoiding bad investments that a lot of pension funds discovered over the years: investing their money with Bain Capital, Mitt Romney’s firm. Professor Warren’s cops-and-robbers analogy is grotesquely oversimplified. This from the alleged expert on these issues in the Democratic Party." - Kevin Williamson, National Review
Gas Prices: Ask the Koch Brothers and the gas companies that ship more US oil and Gasoline OUT of the USA than they sell IN the USA. National Debt: How much of that is from the THREE UNFUNDED WARS, the bank failures and the Wall Street debacle that are the DIRECT result of Bush/Cheney. Food Stamps: Because of the fact that so many people lost EVERYTHING when Wall Street tanked and companies like Romney's Bain Capital closed down businesses and shipped those jobs overseas.
Rather than get engaged in pointless debates based on personal bias, PLEASE take the time to read Matt Taibi's Rolling Stone cover story on Mitt Romney and Bain Capital. This is a dangerous, insidious man who became the kind of person that created the Wall Street collapse by doing the exact same thing---by creating debt and then "rescuing" the companies for a fee---to show them the way out the debt---that HE created---by giving bonuses to management---and once they were on board he simply downsized and fired everyone. This is not self made Steve Jobs who actually championed products. This is a greedy fascist pig who after, launching Staples, went off the deep end and made blood money off the corpses of American unemployment. And now he's pretending to be a conservative (which he NEVER was) and is running on the platform of an anal retentive equally evil man who in Taibi's words" would have no trouble telling Oliver Twist that there is no more soup." READ. BE EDUCATED. LEARN THE FACTS. DON'T BE SWAY ...
If you listen VERY closely at the GOP during this Convention you MUST notice that they have offered ABSOLUTELY NOTHING in the way of DEFINITIVES...They "allude" to "this or that" without tangible specifics...NOTHING Concrete except their digital post of the National Debt...WITHOUT fully educating the public of the necessity of DEBT and the Objective of Managing Debt. Also, they FAIL to admit that WE (including me) were ALL wrong about Obama shoring up the Auto Industry and the Financial sector...GM and Chrysler are profitable again, thanks to his decision. Banks & Wall Street did not fully collapse... They have PAID back their loans with interest. WHICH means debt was USED dichotomously; the DEBT saved those industries AND they MADE %, which means they made MONEY...very simple, perhaps a little over simplified, I'll admit that, BUT the point is - IT WORKED!!! Both Romney and Ryan are in personal debt; make no mistakes. Bain Capital functions with certain debt that would make our working class minds SPIN.. ...
I am so sure Ann Romney worries about grocery bills, gas prices or the cost of sports. Give me a break. She wears 1,000.00 T-shirts. Do you remember the movie Wall Street with Micheal Douglas and Charlie Sheen-- That's what Mitt Romnney did at Bain Capital. It's one thing making money as a lawyer,doctor, teacher, refinery worker, but when it's as a "Vulcher Capitalist" they prey on companies in distress to liquidate assets, keep pension and insurance monies and LAY-OFF WORKERS. I guess someone has to do it!
After months of negative attacks from his Democratic opponents, Mitt Romney is trying to turn his experience at Bain Capital into a positive for his campaign, arguing in a new Wall Street Journal editorial the experience he gained there would help him in the White House. "The lessons I learned over ...
unlimited calling, voip, phone service
"Big-time politicians are still afraid to explain to the American people how exactly it is that many Wall Street firms make their money, because they’re afraid to lose access to the crumbs those firms sometimes toss their way. Barack Obama is one of the few politicians with the communication skills to explain this to middle America, but he’s refusing to go there, probably because he’s still hoping for a post-election rapprochement with Wall Street. He wants to go after Bain Capital, but not Private Equity in general; he wants to go after Mitt Romney’s missing tax returns, but not the tax returns of all people like Mitt Romney." Matt Taibbi
Vice President Joe Biden played the race card this week when he drawled Southern-style to a racially mixed audience that if Mitt Romney takes the White House, he'll "unchain Wall Street. They're going to put y'all back in chains." Last week, a super PAC run by a former aide to President Obama released an ad in which a former steelworker all but fingered Romney for causing his 55-year-old wife's cancer death in 2006 because Bain Capital shuttered the plant where he worked in 2001. The week before, White House aides stood back as Senate Majority Leader Harry Reid, without providing any proof whatsoever, charged that Romney didn't pay taxes for a decade. The president's henchmen are running a dirty campaign. The worst part of it: These nasty antics are the best Obamaland has to offer. Don't take my word for it. Heed the message delivered by Obama himself when he accepted the Democratic nomination for president in Denver in 2008: "If you don't have any fresh ideas, then you use stale tactics to scare voters. ...
Great! Romney picked his running mate and it's all over the tv. Gordon Gekko now has his Bud Fox. If you don't know the analogy, watch Wall Street and read about how Romney made millions while running Bain Capital.
Does Mitt Romney pay more in fees to his Wall Street advisers than he does in taxes to Uncle Sam? What do New Englanders know about Romney’s leadership skills that the rest of America doesn’t? And was Mitt Romney really as successful at Bain Capital as is now claimed? The...
Will Durst: Romney for First Lady ... You might say it was a turbulent week for Mitt Romney. You could also say a light lemon sugar wash makes for ineffective mosquito repellent. He claims to have totally left Bain Capital to run the 2002 Salt Lake City Winter Olympics even though his company handed the government multiple signed documents stating otherwise and now financial questions plague his campaign like a swarm of dive-bombing bees in a bathroom stall. The presumptive GOP nominee finds himself in the uncomfortable position of having to convince skeptical voters someone can serve as a firm's President, Chairman of the Board, Chief Executive Officer, sole stockholder, junior janitor, cafeteria server in a plastic hairnet and still have absolutely nothing to do with the direction of the company or anything that's going on. You might say he's invoking a modified Wall Street bankers' defense. It boils down to whether he played any active role after leaving in 1999 and his subsequent retroactive retiremen ...
Bain Capital. Wall Street. 1% Bane. Gotham City. The People Rise. Christopher Nolan is trying to tell us something...
Video on msnbc.com: Ed Conard, a former partner at Bain Capital, and Alexis Goldstein of Occupy Wall Street join the Up w/ Chris Hayes panel to talk about whether the incentives on Wall Street lead to a culture of corruption and scandal.
Valerie Jarrett, close advisor to the President, was asked in a recent interview why so many feel Obama’s message has become one of class warfare. Jarrett’s responded perhaps people are watching too much of one particular network. I find Obama’s own words and actions are all that is needed. What did he say about Bain Capital? What group does he say isn’t giving its “fair share?” Who calls the Republicans the party of the rich? Who separated out those making more than $200,000 from those making less than that? Who implied that middle class values are different from those of the wealthy? Why has support from his Wall Street donors dropped? If Jarrett finds only one network is giving viewers this message, then clearly the other networks have fallen asleep on the job.
"Romney's approach to the economy boils down to this: the ultra rich deserve even more advantages, and the poor and middle class should foot the bill. It's how he approached his job as a vulture capitalist at Bain Capital, buying up companies, laying off their workers, outsourcing their jobs, and saddling them with debt, all so he could extract wealth for his rich investors. Now he wants to do the same thing to our country. Romney would lay off teachers and firefighters and expand the deficit in order to fund more tax privileges for the richest 1%. Romney would gut safeguards that protect consumers from reckless Wall Street traders. And he'd end Medicare, throwing countless seniors into poverty to pay for more tax loopholes for Big Oil" Carl Younger
President Obama’s opening shots at Bain Capital prompted epic hand-wringing from Democratic supporters, who worried highlighting layoffs at companies bought by Mitt Romney’s firm could come across as too militantly anti-Wall Street. Sen. Sherrod Brown (D-OH) says Obama supporters who think the issue...
What Do We Know About Mitt Romney? -- is against a woman's right to choose -- is for the death penalty -- avoided the draft while "supporting" the Vietnam war -- has five sons who also never served but says he "supports" the Iraq & Afghanistan wars -- bullied (to the point of assault) one of his schoolmates -- dressed up in police uniforms to harass motorists -- treated his own dog inhumanely -- is against regulations to keep natural resources safe -- will cut public assistance for the old and very poor -- will cut public education -- will cut police services -- will cut fire services -- will cut (Ben Franklin's) public libraries -- will put profit in formerly public services (fee's, lots of fee's) -- will bust unions -- will cut taxes for the wealthiest 1% -- hoards his money in offshore bank accounts -- refuses to reveal his tax returns -- is against regulations to keep Wall Street honest -- made thousands of Americans jobless and homeless with Bain Capital -- can't stop talking about his friends who ow ...
Steve Rattner, a veteran of Wall Street who served as President Obama's "car czar" and helped oversee the auto-industry bailout, goes after Mitt Romney's characterization of his time at Bain Capital in a strongly-worded op-ed in the New York Times. Rattner was dragged into the debate over whether or...
Dear Editor Being uneducated I sometimes don't understand everything I see on the news. How is it that President Obama is such an enemy of Wall Street and the owner managers of Blackstone Group had him to their house to help him raise money for his upcoming election? The largest Private Equity fund group in the world! You would think they were not stupid enough to help Barak Obama destroy them and all Gods creation. Blackstone Group makes Bain Capital look like a bunch of pikers. I'd be like the Montgomery High baseball team as compared to LSU's championship team. Who would you take for a coach Montgomery's or LSU's. No offence to my cousin! It's LSU! If Mitt Romney's trick is he made lots of money as a Venture Capitalist why take the word of one of many Venture Capitalist when the best one in the history of the world says Barak Obama is the best man for business. Thirty percent or their abouts of Wall Street money is going to the President this cycle. Thirty percent of the Masters of the Universe on Wall ...
Newark Mayor Cory Booker's awkward sabotage of friend Barack Obama's campaign may have been impolitic, but it is certainly understandable that Booker would defend Private Equity firms. Throughout his election campaigns and tenure as mayor, Booker has received mammoth millions from Wall Street, whose managers helped create an amazing campaign fund of $7.5 million to replace the inept Mayor Sharpe James in 2006. One of Booker's earliest sponsors is Bill Ackman, who founded Pershing Square Capital Management LP and has continued to recruit fellow hedge fund managers to finance Booker's efforts, such as the privatization of Newark's public services. Bloomberg reported in 2010 that Ackman already was instrumental in raising $240 million for Booker's various political and municipal projects. Investment funds like Pershing Square and Bain Capital that Mitt Romney headed, typically buy controlling shares in businesses that can be made more profitable by cutting labor and other costs, then sell them when th ...
Corey Booker, the Mayor of Newark, N.J., and a surrogate of the Obama campaign pulled a Newt Gingrich on Meet The Press this past Sunday. Remember Newt calling Congressman Ryan's Budget "right wing social engineering," he was dead in the water as a candidate after that, even though he walked it back the next day saying he didn't mean it. Of course, it was right there on video tape for all to see. Booker undermined the President's campaign Sunday by trying to pander to his constituency on nearby Wall Street by saying Governor Romney shouldn't be criticized for his Bain Capital background; one of the major iniatives for the Obama campaign to discredit Romney on his claim of being a job creator. Just like Newt, Booker was walking it back on U-Tube later in the day saying he agreed with the Presidents claims regarding Romney's Bain background. This was an amateurish mistake by the President campaign and they will suffer for it.
Meet Black Singles 300x250
Joe Biden might have simply spoke without thinking but what Cory Booker said in attacking the Obama ads against Mitt Romney's time at Bain Capital seemed to be intentional. Speculation in the media is that he was trying to position himself for a future run at higher office by showing himself as a Democrat friendly towards Wall Street and the business community. Later reportedly under extreme pressure from Democratic Party leaders, he said that Obama should challenge Romney's record at Bain since Romney is running on it. This instance seemed much closer to the analogy from the 2000 Democratic Vice presidential candidate Joe Lieberman's assertion that unstamped veterans votes should be counted. It was said about Lieberman "He just ended the 2004 primaries". Similar things are being said by David Axelrod (officially representing the president) and left leaning commentators: Cory Booker is a great mayor and a great guy to be living next door to when you need your driveway shoveled but he might also be trying ...
Dear Editor It's unbelievable how star struck the American Press is with the superich. Andrea Mitchell has her own noon news program and she doesn't know what Bain Capital did! It isn't really practiced anymore because it became so distasteful or they cleared all the carrion I'm not sure which. Corporations were bought at bargain rates, all the assets were mortgaged to the hip, the loans were used to pay "management fees" to Bain and all the cash was sucked out and the company was allowed to fall. Some were bought specifically to rob the pensions of the workers. Buy the company, tell the employees if they want to even keep their pensions they had to take a 50% cut, Bain scooped that money and bought a elevator for their cars. They made a movie about it called "Wall Street," staring Michael Douglas and Charlie Sheen before he started "winning." Now strangely none of that at the time was ilegal and like I said Bain moved away from it in some part because the movie brought to the American conscience the Gala ...
Team Hopenchange is okay with wealth creation so long as you’re sharing that wealth with The One: On Monday night Mr. Obama spoke at a fund-raiser at the Manhattan home of Tony James, the president of the private-equity giant, the Blackstone Group. Attendees, many from the private-equity world, paid $35,800 a head for the privilege of dining with the President who purports to loathe Wall Street when he isn’t asking its greedy denizens to redistribute their wealth to his campaign. Mr. James donated the legal maximum of $35,800 to the Obama campaign and the Democratic National Committee in November 2011. This is the same private-equity business the Obama campaign is now smearing as morally repugnant when undertaken by Mitt Romney. On Monday Team Obama rolled out a two-minute television ad focusing on a steel company that was bought and eventually shuttered by Bain Capital, the private-equity firm that Mr. Romney founded… Asked about the attack on Mr. Romney, deputy Obama campaign manager Stephanie Cut ...
Mike Lux: Wall Street, Romney, and Obama - Bain Capital was Wall Street at its worst. But the Obama team, in the Whi...
If Romney was our President: He would have forced the Auto Industry into Bancrupcy and then have his buddies at Bain Capital and others buy their assests, rape their pension plans, get rid of the unions and fire everyone. All the executives would get a bonus and Romney would hide his cut in the Cayman Islands or a Swiss Account under Ann's Name. You expect a corrupt vulture capitalist to reform Wall Street? I'll bet you $10,000.00 it wouldn't have worked. Now he want's credit. Can this liar get any bolder? That's what he's done for years and years and got away with it. Can a Chameleon change his color. You Betcha Sarah!
I'm tired of the ridiculous chain letters I see with one person ranting about how evil Pres. Obama is, so I figured I make one of my own for how evil Mitt Romney is, but I try to shriek insanely a little less. Here's my effort. I was inspired by a piece in the Broward-Palm Beach New Times by Pete Kotz, most of the research here is his. Forward away. Romney ran Bain Capital for 16 years, 1984-1999, and during that time Bain averaged a 88% annual return. How? By looting companies. Oh, Romney will call it something else but even Ayn Rand talked about people leeching from producers as one of the greatest threats to capitalism. Romney's Bain Capital personified this perfectly. The case that caught my initial interest was Armco Steel in Kansas City, my grandfather's old employer, which had been running for 100 years before Bain Capital came calling. The game plan is as simple as it gets. Use your small amount of capital to get loans, put almost no money down and attract investors and government secure ...
As a co-founder of Bain Capital, Romney played the Richard Gere role in Pretty Woman, or if you like your metaphor more diabolical, the Michael Douglas role in Wall Street. That of the slick corporate raider, who somehow manages to build nothing, destroy everything and get filthy rich in the
Doing a mini talk on Oliver Stone's "Wall Street" at the union this Saturday. Mitt Romney & Bain Capital IS Gordon Gecko if you stripped all the charisma off.
Donald Trump Final Four White House Hong Kong President Trump Khalid Masood Power Rangers North Carolina Freedom Caucus United Airlines Alexei Navalny Paul Ryan Jermain Defoe Antonio Banderas Barack Obama World Cup South Carolina New Black New Zealand President Donald Trump Affordable Care Act Las Vegas Debbie Reynolds Supreme Court Elton John Theresa May Wall Street House Freedom Caucus Samira Wiley Justice League Gareth Southgate House Speaker Paul Ryan Tar Heels House Republicans Carrie Fisher Carrie Lam Christina El Moussa Harrison Ford North Korea Islamic State Roger Stone Middle East Neil Gorsuch Harry Potter Daily News Mutual Fund South Korean President Vladimir Putin Tony Blair Stephen Hawking Luke Maye Best Time Ted Koppel Denver International Airport Billy Joel Ben Zobrist Westminster Bridge Capitol Hill Rio Ferdinand Len McCluskey National Grid Old Mutual Super Bowl Marine Le Pen World Cup 2018 Le Pen Jon Rahm Dustin Johnson Real Madrid Jeremy Hunt White Sox Joe Biden Lewis Hamilton Judge Jeanine House Ways Sinn Fein Mass Effect Lynn Nottage Jimmy Butler Ivanka Trump Nikola Mirotic Nintendo Switch Dakota Access Food Safety Sports Illustrated Albert Pujols Deutsche Bank Raheem Sterling David Steele Douglas Carswell Las Vegas Strip March Madness Thomas Sadoski South Korea Vegas Strip New Jersey Keystone Pipeline Liam Payne Selena Gomez Los Angeles
© 2017