Bain Capital Explained By Tony Soprano (VIDEO)

That's certainly all you did. Here's the date on your article:



But you're also way off topic. The issue is whether Don Mittens bought a company, saddled it with unsustainable debt, used those loans to cover their investment, with a huge profit, underfunded their pension fund, and left the taxpayers to bail that out.

the GST stuff is 10 years old, the Berkshire stuff above is 2 years old... yet the Berkshire stuff doesn't matter because of it's age?

You are so fucking pathetic.

Romney is still claiming that experience is important. Well, he lied and claimed that after he punked out of running for reelection in '07 that he was going back to the private sector. In fact he launched his first LOSER campaign for president a month later.

He's your boy, KKKonservative, own it.

that post has nothing to do with you implying that the Bershire stuff is unimportant since it is 2 years old, even though the GST Steel stuff is 10 years old and you claim it IS important. You're a liar and a hypocrite, you holocaust denying pussy.
 
No. It doesn't come close at all. In fact, it has almost no connection at all to what Romney did at Bain or what Bain did.

YOUR endorsement of the claim itself in the HuffNPuff propaganda smear piece is just you vouching for the lie and the distortions. But you have no credibility, either, being the dishonest sack of crap you always are.

The claim is still satire, and hits close to home, weasel. What Don Mittens did to CST is pretty damn close to what Tony was talking about. It's a whole lot closer than real venture capitalists looking to invest in the next good idea.

Your pathetic flames are joke. They have been since you posted on Hannity. Why did Hannity throw you under the bus? You were always a loyal rat boy over there.

GST, dipshit. If you're going to lie about what Romney actually did, you should at LEAST not get the company name wrong! :rofl:

What lie is that, KKKonservative? Did Romney set up preferred stock, take a huge profit, along with Bain's investment, and saddle the company with debt? Did the American taxpayer wind up the underfunded pension fund?

You're quite a liar, KKKonservative. Don Mittens raped the company. Badabing, loser.
 
Did Romney Run GST Steel into Bankruptcy? | Wall Street Oasis
A private-equity firm looking to quickly strip value from a company—to "suck" the life out of it—does not do so by investing $100 million in modernization and holding on for eight years, through bankruptcy. Bain has surely made its share of mistakes, and one may well have been trying to resuscitate a traditional steel firm in the grip of industry upheaval. The irony, says Mr. Huselton, is that this plant "wouldn't even be in today's news, if it hadn't been the opportunity that came with Bain. Those jobs would have been gone in 1993."
without Bain, GST was doomed. WITH Bain, they got an additional 7-8 years of employment for the workers.
 
Strassel: Vampire Capitalism? Please - WSJ.com
GST is a tragic tale, though in a different way. The real story of GST is that of a private-equity firm trying to spark some life into a uncompetitive, over-unionized industry. Bain's crime here—if that's what you call it—was giving a dying steel plant an unexpected eight-year lease on life.

When Bain bought the Kansas City mill in 1993, steel was a scene of carnage. Global players were pouring out cheap products, and America's high-cost steel plants couldn't compete. The industry had lost 200,000 jobs in preceding years. In 1992 alone, the six largest U.S. steel mills had lost a combined $3 billion. Armco, the company Bain would buy the plant from, would lose $641 million in 1993.

The Kansas City plant had two product lines—high-carbon rods and grinding media (used in mining)—that it felt could give it a competitive edge. But it needed investment, and Armco was tapped out. Bain nonetheless saw some potential and in 1993 joined other investors to acquire it for $80 million. Management renamed it GS Technologies (which would become part of a larger GS Industries) and poured an additional $100 million into modernization.

The strategy worked for a time. The market firmed up and GSI became a U.S. leader in steel rods. In 1994 it felt confident enough to distribute a dividend to investors. In both 1996 and 1997, GSI would realize $1 billion in revenue.

And then came the tsunami. The late 1990s saw a new outpouring of cheap steel from elsewhere around the globe. The Asian financial crisis walloped the mining industry, cutting demand for GST products. The price of GST's electricity and natural gas skyrocketed. The union dug in, refusing to make concessions. By April 1997, it was on strike, shooting bottle rockets at guards. Labor costs spiked, and by 1999 GSI was reporting $53 million in net losses.

In 2001 it would become one of 31 steel companies that went bankrupt from 1993 to 2003.

The bankruptcies were led by unionized companies that, like airlines and textiles and Detroit, had negotiated pay and benefits that helped drive their employers under.

The Obama ad doesn't note that the broader company, GS Industries, employed 3,500 and that the Kansas City plant (with 750 workers) was the only one shuttered. Other plants were bought and operate today. Nor does it mention Bain's other steel investment in the early 1990s, in an Indiana start-up called Steel Dynamics. The firm touts innovative technology and a nonunion workforce. It today reports $6.3 billion in revenue—25 times what it claimed in its 1996 IPO—and employs 6,000.

Obama and Dickless Fuck can go suck each other off all they like. They are lairs and frauds, both of them.
 
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Did Romney Run GST Steel into Bankruptcy? | Wall Street Oasis
A private-equity firm looking to quickly strip value from a company—to "suck" the life out of it—does not do so by investing $100 million in modernization and holding on for eight years, through bankruptcy. Bain has surely made its share of mistakes, and one may well have been trying to resuscitate a traditional steel firm in the grip of industry upheaval. The irony, says Mr. Huselton, is that this plant "wouldn't even be in today's news, if it hadn't been the opportunity that came with Bain. Those jobs would have been gone in 1993."
without Bain, GST was doomed. WITH Bain, they got an additional 7-8 years of employment for the workers.

Prove it. Without Don Mittens, their pension fund would have been funded. Why do you like that Americans have to help out vultures everytime they rape pension funds, KKKonservative?
 
Did Romney Run GST Steel into Bankruptcy? | Wall Street Oasis
A private-equity firm looking to quickly strip value from a company—to "suck" the life out of it—does not do so by investing $100 million in modernization and holding on for eight years, through bankruptcy. Bain has surely made its share of mistakes, and one may well have been trying to resuscitate a traditional steel firm in the grip of industry upheaval. The irony, says Mr. Huselton, is that this plant "wouldn't even be in today's news, if it hadn't been the opportunity that came with Bain. Those jobs would have been gone in 1993."
without Bain, GST was doomed. WITH Bain, they got an additional 7-8 years of employment for the workers.

Prove it. Without Don Mittens, their pension fund would have been funded. Why do you like that Americans have to help out vultures everytime they rape pension funds, KKKonservative?

Post 64 proves it, asshat. I'll take the Wall Street Journal over HuffPo for accurate reporting any day.

Let's see you prove anything you've said. You can't. All you do is parrot word for word what your SAVIOR says.

Pathetic little partisan pussy.
 
Did Romney Run GST Steel into Bankruptcy? | Wall Street Oasis

without Bain, GST was doomed. WITH Bain, they got an additional 7-8 years of employment for the workers.

Prove it. Without Don Mittens, their pension fund would have been funded. Why do you like that Americans have to help out vultures everytime they rape pension funds, KKKonservative?

Post 64 proves it, asshat. I'll take the Wall Street Journal over HuffPo for accurate reporting any day.

Let's see you prove anything you've said. You can't. All you do is parrot word for word what your SAVIOR says.

Pathetic little partisan pussy.

Post 64 is a hack lie, that ignores the issue at hand. Don Mittens busted out CST. He saddled them with debt, took out his investment with a huge profit, raped their pension fund. He made money, while the taxpayer had to finance the pension fund, KKKonservative.
 
Prove it. Without Don Mittens, their pension fund would have been funded. Why do you like that Americans have to help out vultures everytime they rape pension funds, KKKonservative?

Post 64 proves it, asshat. I'll take the Wall Street Journal over HuffPo for accurate reporting any day.

Let's see you prove anything you've said. You can't. All you do is parrot word for word what your SAVIOR says.

Pathetic little partisan pussy.

Post 64 is a hack lie, that ignores the issue at hand. Don Mittens busted out CST. He saddled them with debt, took out his investment with a huge profit, raped their pension fund. He made money, while the taxpayer had to finance the pension fund, KKKonservative.

a hack lie? As compared to the drivel on HuffPo?

You're every post shows you for the pathetic Obamabot partisan hack that you are. Revel in your utter stupidity, Dickless.

All you do is repeat the same lies over and over, clinging desperately to the vain hope that somehow, someone might believe you and pat you on the head
 
Post 64 proves it, asshat. I'll take the Wall Street Journal over HuffPo for accurate reporting any day.

Let's see you prove anything you've said. You can't. All you do is parrot word for word what your SAVIOR says.

Pathetic little partisan pussy.

Post 64 is a hack lie, that ignores the issue at hand. Don Mittens busted out CST. He saddled them with debt, took out his investment with a huge profit, raped their pension fund. He made money, while the taxpayer had to finance the pension fund, KKKonservative.

a hack lie? As compared to the drivel on HuffPo?

You're every post shows you for the pathetic Obamabot partisan hack that you are. Revel in your utter stupidity, Dickless.

All you do is repeat the same lies over and over, clinging desperately to the vain hope that somehow, someone might believe you and pat you on the head[/QUOTE

You are such a tard, KKKonservative. The fact remains that Don Mittens saddled CST with debt, pulled out his investment and a huge profit, underfunded their pension plan, and asked the taxpayers to cover it.
 

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