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(NYPost)   What they say: Bain's a horrible evil corporate scumweasel blight on all that is noble and good, who will be first against the wall when the revolution comes. What they do: Sheeeeit, would you look at those returns. We're parking our money at Bain   (nypost.com) divider line 103
    More: Obvious, Sheeeeit, Ford Foundation, pension system, evils, walls  
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1923 clicks; posted to Politics » on 02 Sep 2012 at 9:36 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-09-02 10:53:16 AM  

MFAWG: Linux_Yes: Publically, Big Business/Wealthy speak derisively about the Government.

Privately, they're licking their lips with all those bennies they get from the Government. but its not socialism because its them, not the little people, who are getting it.

And that's the type of Republican Romney is: He just sees a big pile of money sitting there, and he wants to get his hands on it.


It also explains why there is nothing more boring than an amerikan today.

Raygun's "greed is good" message didn't just corrupt the national zeitgesist. It made americans the most predictable, one dimensional, bland and homogenized people on the planet.

We are a nation of the walking dead. We have businesses but we don't have lives. Go and consume mass quantities my fellow americans.

Youre Maslows bottom feeders.
 
2012-09-02 10:55:42 AM  

Yankees Team Gynecologist: Companies like Bain (with regulation) definitely have a place in our economy. So do strip clubs.

That doesn't mean I'd want a strip club owner running our country. Or, even if there were a guy who happened to be a strip club owner and also happened to be fit to be president, I'd laugh him off my ballot if he tried to claim that his record of training girls to get guys to buy more $20 glasses of champale somehow made him qualified to run the country.


images.businessweek.com

Ever hear of Connecticut?
 
2012-09-02 10:56:01 AM  

tenpoundsofcheese: Oh look, another person who learned about the rich from Scrooge McDuck cartoons.


LOL. I'm stealing that line.
 
2012-09-02 10:56:39 AM  

ferretman: That's the problem....Dem/Libs do not understand how businesses work, probably because most of them are on the Governments tit.


How do you explain Silicon Valley?

That's definitely not a hotbed for Republicans.
 
2012-09-02 10:57:33 AM  
This is the same "logical fallacy" that the political right uses regarding oil companies or consuming oil from nations that sponsor terrorism. They know that in both cases the people have no choice what fuel they buy or what the handlers of the funds in their 401K invest in. It is the current system in place that dictates the fuel and investment options available.

I don't know if conservative minds operate in such a "simple" manner or if they are being intentionally disingenuous with these "arguments". They either can't understand the concept of "changing the system" for the better or are pawns of those profiting off of the system who are more interstested in short term profit than long term viability as a nation. We want to change the system to where it is more profitable for companies like Bain to modernize a factory rather than liquidate its assets and ship the manufacturing overseas; creating alternatives for fund managers to invest in domestically. Just like with energy, we know we can't just stop buying gasoline; we want to diversify the energy industry in the U.S. so the economy isn't a slave to the volatility of the oil industry.

While great ideas for the long-term survival of the United States as a nation, there are powerful entities that are making too much money under the current system. The only thing they care about is the balance sheet for next quarter. Thanks to the "Citizens United" ruling, they are going all in trying to buy the next election to keep the profit streams open without having to adapt to a changing world.
 
2012-09-02 10:57:52 AM  

WhyteRaven74: ferretman: Dem/Libs do not understand how businesses work,

What good or service does Bain produce?


Financial services? Or do those not count?
 
2012-09-02 11:01:50 AM  
Bain Capital: Our Cock goes in, your money/job goes out.

come speak with us. let us show you how completely and without prejudice we can f*ck your asshole good.
 
2012-09-02 11:02:02 AM  
This thread is about Solyndra, yet you libs keep talking about Bain.

Thanks for the threadjack, libs.
 
2012-09-02 11:02:14 AM  
ferretman: Dem/Libs do not understand how businesses work,

Yeah they aren't economic geniuses like conseravatives

Zero Job Creation during Bush Years

http://www.washingtonpost.com/wp-dyn/content/article/2010/01/01/AR201 0 010101196.html

IMF Declares America To Be In A Depression 2 Weeks After Bush left Office

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a6aaWZ8ab8yU

Bush Years Were The Worst Ever For The Stock Market

http://online.wsj.com/article/SB1000142405274870478620457460799344891 6 718.html
 
2012-09-02 11:03:17 AM  

The_Six_Fingered_Man: Financial services? Or do those not count?


Goldman Sachs provides financial services. Bain not in the same way. And really until pensions and such started giving Bain money you couldn't even say they provided financial services.
 
2012-09-02 11:05:57 AM  

Bob16: MFAWG: Linux_Yes: Publically, Big Business/Wealthy speak derisively about the Government.

Privately, they're licking their lips with all those bennies they get from the Government. but its not socialism because its them, not the little people, who are getting it.

And that's the type of Republican Romney is: He just sees a big pile of money sitting there, and he wants to get his hands on it.

It also explains why there is nothing more boring than an amerikan today.

Raygun's "greed is good" message didn't just corrupt the national zeitgesist. It made americans the most predictable, one dimensional, bland and homogenized people on the planet.

We are a nation of the walking dead. We have businesses but we don't have lives. Go and consume mass quantities my fellow americans.

Youre Maslows bottom feeders.



lol

the horror that has become America now (and the seeds for this were sown in the Raygun 80's) is that happiness, contentment, and meaning in our lives can be purchased at the mall.

and that you too can become wealthy one day. just keep your nose to the grindstone.

the entire american public has become brainwashed by their Owners.

the American Dream is on its way out the door for good if we don't change our ways and our value system.
 
2012-09-02 11:07:38 AM  

WhyteRaven74: The_Six_Fingered_Man: Financial services? Or do those not count?

Goldman Sachs provides financial services. Bain not in the same way. And really until pensions and such started giving Bain money you couldn't even say they provided financial services.


And until people started giving money to GS, they weren't providing financial services either.
 
2012-09-02 11:08:42 AM  

Hetfield: This thread is about Solyndra, yet you libs keep talking about Bain.

Thanks for the threadjack, libs.



well, Bain has become Rmoney's campaign bane. among other things.
 
2012-09-02 11:09:43 AM  

The_Six_Fingered_Man: And until people started giving money to GS, they weren't providing financial services either.


Goldman Sachs only could exist because people gave them money to manage because that's what they do. Bain just needs sources of borrowed money to function, because it's that borrowed money they use to buy companies. Very different starting points.
 
2012-09-02 11:13:16 AM  

Bob16: IMF Declares America To Be In A Depression 2 Weeks After Bush left Office


See, libs? It took Obama just two weeks to destroy the economy forever.
 
2012-09-02 11:22:12 AM  

Linux_Yes: the horror that has become America now (and the seeds for this were sown in the Raygun 80's) is that happiness, contentment, and meaning in our lives can be purchased at the mall.


Lets ponder for a moment the great insights of the 1980's

We are living in the material world

And I am a material girl
 
2012-09-02 11:22:39 AM  

Linux_Yes: that's common knowledge. Big Business and Government sleep together every night --boffing away when the other 95% go without. where have you been? Big Business and the wealthy in this Nation get far more goodies/freebies/favors from the Government than the bottom 95% do. course, its not Socialism because The Owners are getting it.

its only Socialism when the bottom 95% get goverment 'benefits'.

without Governemnt, a sh*tload of companies in the U.S.A. would go out of business, so many are on the government tit.

aint' Freedom great!!


So why don't we let them?

Offer void where union jobs or Democratic donors are involved.
 
2012-09-02 11:24:08 AM  

jjorsett: So why don't we let them†?

† Offer void where union jobs or Democratic donors are involved.


Sorry, bud. I don't feel like living in Somalia. Maybe you do, but I prefer to not have to carry an AK everywhere. Really puts a damper on things.
 
2012-09-02 11:25:18 AM  

jjorsett: Linux_Yes: that's common knowledge. Big Business and Government sleep together every night --boffing away when the other 95% go without. where have you been? Big Business and the wealthy in this Nation get far more goodies/freebies/favors from the Government than the bottom 95% do. course, its not Socialism because The Owners are getting it.

its only Socialism when the bottom 95% get goverment 'benefits'.

without Governemnt, a sh*tload of companies in the U.S.A. would go out of business, so many are on the government tit.

aint' Freedom great!!

So why don't we let them†?

† Offer void where union jobs or Democratic donors are involved.


I wasn't aware that every supply chain job was part of a union or a Democratic Party supporter.
 
2012-09-02 11:35:49 AM  

Der Vassermeister: Yankees Team Gynecologist: Companies like Bain (with regulation) definitely have a place in our economy. So do strip clubs.

That doesn't mean I'd want a strip club owner running our country. Or, even if there were a guy who happened to be a strip club owner and also happened to be fit to be president, I'd laugh him off my ballot if he tried to claim that his record of training girls to get guys to buy more $20 glasses of champale somehow made him qualified to run the country.

[images.businessweek.com image 630x420]

Ever hear of Connecticut?


Yup and like Romney, Linda is basically incapable of acting like a human being. Seriously just watch any promo she cut on WWE TV.
 
2012-09-02 11:36:44 AM  

Bob16: IMF Declares America To Be In A Depression 2 Weeks After Bush left Office

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a6aaWZ8ab8yU


Well, yeah. After Bush left office. That makes it the Obama Depression, donchakno?
 
2012-09-02 11:37:09 AM  
jjorsett:
i39.tinypic.com
So why don't we let them†?

† Offer void where union jobs or Democratic donors are involved.

i43.tinypic.com 

These guys know something about not wanting to let companies off the government tit:

upload.wikimedia.orgupload.wikimedia.orgmedia.washingtonpost.com 

Republicans: "it doesn't count as spending if it's defense spending."
 
2012-09-02 11:52:54 AM  
Carrion capitalism. It's not a long term winner.
 
2012-09-02 12:09:46 PM  

Linux_Yes: that's common knowledge. Big Business and Government sleep together every night --boffing away when the other 95% go without. where have you been? Big Business and the wealthy in this Nation get far more goodies/freebies/favors from the Government than the bottom 95% do. course, its not Socialism because The Owners are getting it.

its only Socialism when the bottom 95% get goverment 'benefits'.

without Governemnt, a sh*tload of companies in the U.S.A. would go out of business, so many are on the government tit.

aint' Freedom great!!


Actually, you are right. The answer, of course, is even MORE government intervention, right?
 
2012-09-02 12:10:03 PM  

Cataholic: A Terrible Human: I still want to see Romney's tax returns.

Would you understand them?


Man, you guys are the farkin' epitome of "got nothin'," ain't ya?
 
2012-09-02 12:17:22 PM  

o5iiawah: Are you high? Here's how this sort of business-y thing works since you obviously havent a clue


I notice you don't know anything about Bain's actual record.
 
2012-09-02 12:21:19 PM  

Just Another OC Homeless Guy: Linux_Yes: that's common knowledge. Big Business and Government sleep together every night --boffing away when the other 95% go without. where have you been? Big Business and the wealthy in this Nation get far more goodies/freebies/favors from the Government than the bottom 95% do. course, its not Socialism because The Owners are getting it.

its only Socialism when the bottom 95% get goverment 'benefits'.

without Governemnt, a sh*tload of companies in the U.S.A. would go out of business, so many are on the government tit.

aint' Freedom great!!

Actually, you are right. The answer, of course, is even MORE government intervention, right?


"intervention" is the reason we don't have bread lines and actual, real Communists agitating the poor.
 
2012-09-02 12:27:23 PM  

James F. Campbell: Cataholic: A Terrible Human: I still want to see Romney's tax returns.

Would you understand them?

Man, you guys are the farkin' epitome of "got nothin'," ain't ya?


"Got nothin'" is "I need to see his tax returns even though they won't shed any light on half the things I think are in them.". But that's OK. If they are released, the "tax experts" over at Think Progress will let you know why you should be outraged. Like with the "corporations that paid no taxes when they actually did" thing.
 
2012-09-02 12:31:46 PM  

Cataholic: "I need to see his tax returns even though they won't shed any light on half the things I think are in them."


Really? You don't think his tax returns will shed light on how much he paid in taxes?
 
2012-09-02 12:32:29 PM  

Cataholic: "Got nothin'" is "I need to see his tax returns even though they won't shed any light on half the things I think are in them.". But that's OK. If they are released, the "tax experts" over at Think Progress will let you know why you should be outraged. Like with the "corporations that paid no taxes when they actually did" thing.


Hey guess what,I'm smart enough to read a tax return. Shocking but true. Also every single farking presidential candidate has released their returns. Romney's farking father started the whole damn tradition by releasing 12 years of his in the 60's.
 
2012-09-02 12:43:35 PM  

Cataholic: James F. Campbell: Cataholic: A Terrible Human: I still want to see Romney's tax returns.

Would you understand them?

Man, you guys are the farkin' epitome of "got nothin'," ain't ya?

"Got nothin'" is "I need to see his tax returns even though they won't shed any light on half the things I think are in them.". But that's OK. If they are released, the "tax experts" over at Think Progress will let you know why you should be outraged. Like with the "corporations that paid no taxes when they actually did" thing.


/waves fingers

These are not the tax returns you're looking for.
 
2012-09-02 01:10:04 PM  

o5iiawah:
-Pension fund gives Bain $40M to invest since Bain has a good record of return
- Bain finds a struggling company that needs money/leadership
- Bain invests the pension fund money in the company in an effort to turn it around.
- Company gets turned around - Pension fund profits, Bain makes money.


What twaddle. Look at the case of GS Steel - or let me outline it for you, I'll put in a few rough numbers:

- Bain and other vultures of their ilk finds a steel mill for sale.
- Bain etc. acquires a controlling interest in the steel mill. Bain, specifically, invests $8 million.
- Bain etc. uses their control of the company to issue bonds. The money is to be used for dividends.
- Bain etc. are the major stockholders (controlling interest) and Bain specifically receives 30+ million in dividends.
- The steel mill staggers on, but at the first sign of crisis in the industry, cannot service the debt and shuts its doors.

Bain's income didn't come from inspired leadership of a steel mill, it came from the fact that the debt was in GS Steel's name, while the dividends went to the stockholders. Now, Bain would undoubtedly have preferred the steel mill to run on, but their investment was recouped, with a robust profit, in the first year. So - spare us the "risk" BS.
 
2012-09-02 01:21:32 PM  

2wolves: Carrion capitalism. It's not a long term winner.


True, but with the way we get raped by bag fees, do we have any other options?
 
2012-09-02 02:56:37 PM  

Fart_Machine: And so? The selling point of Romney with Bain was that they "saved companies and created jobs". It doesn't change the fact that this narrative is a lie and that was never the intention of Bain's business model.


Yeah, but saying they're Public Enemy #1 while your organization is reaping MILLIONS in financial benefits because of what they do...that's just disingenuous
 
2012-09-02 03:02:21 PM  
So the point of the article is that the ends justify the means, and that investors have no clue what's going on at investment firms.
 
2012-09-02 03:13:58 PM  

WhyteRaven74: ferretman: Dem/Libs do not understand how businesses work,

What good or service does Bain produce?


Does "unemployed Americans" count as a good or service?
 
2012-09-02 03:22:29 PM  

PC LOAD LETTER: Just Another OC Homeless Guy: Linux_Yes: that's common knowledge. Big Business and Government sleep together every night --boffing away when the other 95% go without. where have you been? Big Business and the wealthy in this Nation get far more goodies/freebies/favors from the Government than the bottom 95% do. course, its not Socialism because The Owners are getting it.

its only Socialism when the bottom 95% get goverment 'benefits'.

without Governemnt, a sh*tload of companies in the U.S.A. would go out of business, so many are on the government tit.

aint' Freedom great!!

Actually, you are right. The answer, of course, is even MORE government intervention, right?

"intervention" is the reason we don't have bread lines and actual, real Communists agitating the poor.


This. If the Randians ever got their way, it would be the surest signal that a Communist revolution is imminent.

Bismarck didn't enact all those social reforms in Germany because he was a leftist.
 
2012-09-02 03:35:44 PM  
25.media.tumblr.com

First one? Really? Fark, I am disappoint.
 
2012-09-02 03:47:36 PM  

muck1969: So the point of the article is that the ends justify the means, and that investors have no clue what's going on at investment firms.


It's a brilliantly thought-out concept, isn't it? The investor doesn't really know, the investment firm is responsible only for looking after the investors' interests, the board only focus on the stockholders, and the CEO of course responds to the board and no-one else. And so companies can implement every horrific practice you can think of, yet nobody has to feel any actual responsibility or, heaven forbid, guilt.

And if you suggest that perhaps a bit of public oversight could put a damper on the most piratical schemes, why, then you're a Marxist-commie-liberal who just wants to keep the job creators down.
 
2012-09-02 06:51:49 PM  
So the goons at the New York Compost are going "Hey! I wanna lie my ass off too!".
 
2012-09-02 08:59:46 PM  
Sorry did I miss where someone said Bain didnt make money?
 
2012-09-02 10:16:08 PM  

TheEdibleSnuggie: Fart_Machine: And so? The selling point of Romney with Bain was that they "saved companies and created jobs". It doesn't change the fact that this narrative is a lie and that was never the intention of Bain's business model.

Yeah, but saying they're Public Enemy #1 while your organization is reaping MILLIONS in financial benefits because of what they do...that's just disingenuous


Or it just shows that people have no clue as to what they have in their retirement portfolio.
 
2012-09-02 10:31:00 PM  

Fart_Machine: Or it just shows that people have no clue as to what they have in their retirement portfolio


Generally, you're just dumping it into managed funds. Hell, I have no idea where much of my money actually is invested.
 
2012-09-02 11:13:51 PM  

Erik_Emune: Bain and other vultures of their ilk finds a steel mill for sale.


So what you're saying is that Bain legally acquires a company and does with it what they please? I'm trying to be outraged here but you've gotta help me out....

Companies are usually for sale when they arent doing well. Nobody rings up a venture capital firm if they money is pouring in...
 
2012-09-02 11:53:23 PM  
I'm not opposed to companies like Bain existing. I'm opposed to the stockholder(s) using that front to evade taxes.
 
2012-09-03 12:02:42 AM  

o5iiawah: Companies are usually for sale when they arent doing well. Nobody rings up a venture capital firm if they money is pouring in...


/facepalm

Do you understand the difference between a venture capital investment and private equity? Do you know what a leveraged buyout is?
 
2012-09-03 01:04:27 AM  
Well, sure, if you're an investor that avoids looking at how a business makes it's money, then vulture capitalists are pretty freaking awesome.
 
2012-09-03 02:12:46 AM  

o5iiawah: Companies are usually for sale when they arent doing well. Nobody rings up a venture capital firm if they money is pouring in..


Good grief, you're stupid.

Here's how Bain did it: They told the company's management that if they did not resist the takeover, there would be large executive compensation for them. They put in a small amount of their own money, borrowed many times as much, bought a controlling interest with the money, saddled the company with a huge amount of debt, stripped assets, and let someone else take the loss when the company was unable to service the debt. In one well-documented instance, the taxpayers took the loss for Bain and Romney.

Perfectly legal, and one of the reasons America is no longer a country that actually makes things, earns wealth, and raises the living standards of all Americans. It's despicable, and people like you, who condone this destruction, are also despicable.
 
2012-09-03 08:48:32 AM  

Fart_Machine: o5iiawah: Companies are usually for sale when they arent doing well. Nobody rings up a venture capital firm if they money is pouring in...

/facepalm

Do you understand the difference between a venture capital investment and private equity? Do you know what a leveraged buyout is?


Of course he doesn't.

Guys like o5iiawah can vote, people. Just let that sink in.
 
2012-09-03 09:23:05 AM  
while i confess i have not read the entire thread verbatim since theres a lot of partisan whargarrrbl in it, id like to scold the farkers in this thread for not commenting on subby's masterful Hitchiker's Guide to the Galaxy reference in his slash her headline.

The Sirius Cybernetics Corporation is "a bunch of mindless jerks who'll be the first against the wall when the revolution comes." An edition of the Encyclopaedia Galactica that had the good fortune to fall through a time warp from a thousand years in the future defined the Sirius Cybernetics Corporation as "a bunch of mindless jerks who were the first against the wall when the revolution came."
 
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