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What Should Be Illegal, But Isn't


The more things change, the more they stay the same:

Reason #147 that nothing has changed: leveraged buyout private equity shops Carlyle and Hellman & Friedman are tapping the loan market to pay themselves dividends. . . PE can be a great gig. Get control of a company, take cash out, leave bondholders to clean up the mess when the company falls into bankruptcy.

Read it all and fucking weep for the baby Jesus.

Seriously, this isn't capitalism. It's predation, pure and simple.

Long live equity extraction!


Sean Paul Kelley December 1, 2009 - 2:57pm
Sean Paul Kelley's diary | printer friendly version | digg
( categories: Economics: USA | Global Financial Crisis | The Markets )

I Blame

My parents for my present problem of no money, because if they had raised my to lie, cheat and steal I might be rich right now. No they raised to be honest, hard working, and help others. Yep change we can believe in. I'm schocked but not suprised.
Everything is on schedule, please move along.

jo6pac December 1, 2009 - 5:22pm
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