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Growing Bains..... - 1/14/2012 3:22:32 PM

Owner59

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While it is certainly true that the dynamics behind the financial crisis and what Bain Capital did during the years Mitt Romney ran it are different, the essence of both are frighteningly similar.

"Speculation and venture capitalism now have more to say about how economies are run and, sadly, how they are sometimes wrecked. The belief that you can invest $100 and turn it into $1,000 or even $10,000 is now at the heart of what is wrong with America. Hedge-fund managers promise the world to unsuspecting investors, many of whom end up losing most of their investments while the investment firms rake in billions of dollars and the traders secure golden parachutes when the bubbles they helped inflate burst; corporate raiders “invest” in vulnerable companies, sell off most of the assets, fire most, if not all, of the employees and make a small fortune for their cronies in the process"

http://www.addictinginfo.org/2012/01/14/growing-bains/

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RE: Growing Bains..... - 1/14/2012 3:57:25 PM

erieangel

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And we didn't see any of this when the New Deal regulations were in place--those regulations didn't keep people from getting rich, rather they aided more and more of the populace in getting there.

(in reply to Owner59)

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