Kinda like "Roger and Me"

[BDBoop]

Only this is the story of Mitt (yes, I know - yawn. He tells all those completely harmless lies, why do we hate him so much?!) and Michael Milken.

The story behind Mitt Romney’s work with Michael Milken: “It was fun while it lasted.” - Business - The Boston Globe

It was at the height of the 1980s buyout boom when Mitt Romney went in search of $300 million to finance one of the most lucrative deals he would ever manage. The man who would help provide the money was none other than the famed junk-bond king Michael Milken.

What transpired would become not just one of the most profitable leveraged buyouts of the era, but also one of the most revealing stories of Romney’s Bain Capital career. It showed how he pivoted from being a relatively cautious investor to risking his reputation for a big payoff. It is one that Romney has rarely, if ever, mentioned in his two bids for the presidency, perhaps because the Houston-based department store chain that Bain assembled later went into bankruptcy.

But what distinguishes this deal from the nearly 100 others that Romney did over a 15-year period was his close work with Milken’s firm, Drexel Burnham Lambert Inc. At the time of the deal, it was widely known that Milken and his company were under federal investigation, yet Romney decided to go ahead with the deal because Drexel had a unique ability to sell high-risk, high-yield debt instruments, known as “junk bonds.”

The Obama campaign has criticized the deal as showing Romney’s eagerness to make a “profit at any cost,” because workers lost jobs, and challenged Romney’s assertion that his business background best prepares him for the presidency. Romney, meanwhile, once referred to the deal as emanating from “the glorious days of Drexel Burnham,” saying, “it was fun while it lasted,” in a little-noticed interview with American Banker magazine.

The “glorious” part, for Romney at least, was that he used junk-bond financing to turn a $10 million investment into a $175 million profit for himself, his partners, and his investors. It marked a turning point for Romney, according to Marc Wolpow, a former Drexel employee who was involved in the deal and later was hired by Romney to work at Bain Capital.

Oh, and it was a lifetime ago, and I'm just an air-headed bitch.

See? I don't even need any of you. I got all your bases covered.

 

[Google]

Only this is the story of Mitt (yes, I know - yawn. He tells all those completely harmless lies, why do we hate him so much?!) and Michael Milken.

The story behind Mitt Romney’s work with Michael Milken: “It was fun while it lasted.” - Business - The Boston Globe

It was at the height of the 1980s buyout boom when Mitt Romney went in search of $300 million to finance one of the most lucrative deals he would ever manage. The man who would help provide the money was none other than the famed junk-bond king Michael Milken.

What transpired would become not just one of the most profitable leveraged buyouts of the era, but also one of the most revealing stories of Romney’s Bain Capital career. It showed how he pivoted from being a relatively cautious investor to risking his reputation for a big payoff. It is one that Romney has rarely, if ever, mentioned in his two bids for the presidency, perhaps because the Houston-based department store chain that Bain assembled later went into bankruptcy.

But what distinguishes this deal from the nearly 100 others that Romney did over a 15-year period was his close work with Milken’s firm, Drexel Burnham Lambert Inc. At the time of the deal, it was widely known that Milken and his company were under federal investigation, yet Romney decided to go ahead with the deal because Drexel had a unique ability to sell high-risk, high-yield debt instruments, known as “junk bonds.”

The Obama campaign has criticized the deal as showing Romney’s eagerness to make a “profit at any cost,” because workers lost jobs, and challenged Romney’s assertion that his business background best prepares him for the presidency. Romney, meanwhile, once referred to the deal as emanating from “the glorious days of Drexel Burnham,” saying, “it was fun while it lasted,” in a little-noticed interview with American Banker magazine.

The “glorious” part, for Romney at least, was that he used junk-bond financing to turn a $10 million investment into a $175 million profit for himself, his partners, and his investors. It marked a turning point for Romney, according to Marc Wolpow, a former Drexel employee who was involved in the deal and later was hired by Romney to work at Bain Capital.

Oh, and it was a lifetime ago, and I'm just an air-headed bitch.

See? I don't even need any of you. I got all your bases covered.

Just like Roger and Me? Yeah, in the same way that the entire premise of Michael Moore's movie was complete and utter bullshit (Roger met with Michael early on--that was never featured in the film and then of course the bullshit editing).

I love how the left is digging up any and everything in Romney's past. Just like they did to Bush, let us not forget Prescott Bush and Nazi's.

But when it comes to Obama, well the 90's was a lifetime ago.

This is pathetic and hypocritical--why not hold your own to your moronic standards.

 

[Oddball]

Just like Roger and Me? Yeah, in the same way that the entire premise of Michael Moore's movie was complete and utter bullshit (Roger met with Michael early on--that was never featured in the film and then of course the bullshit editing).

I love how the left is digging up any and everything in Romney's past. Just like they did to Bush, let us not forget Prescott Bush and Nazi's.

But when it comes to Obama, well the 90's was a lifetime ago.

This is pathetic and hypocritical--why not hold your own to your moronic standards.

What standards?

 

[Listening]

Only this is the story of Mitt (yes, I know - yawn. He tells all those completely harmless lies, why do we hate him so much?!) and Michael Milken.

The story behind Mitt Romney’s work with Michael Milken: “It was fun while it lasted.” - Business - The Boston Globe

It was at the height of the 1980s buyout boom when Mitt Romney went in search of $300 million to finance one of the most lucrative deals he would ever manage. The man who would help provide the money was none other than the famed junk-bond king Michael Milken.

What transpired would become not just one of the most profitable leveraged buyouts of the era, but also one of the most revealing stories of Romney’s Bain Capital career. It showed how he pivoted from being a relatively cautious investor to risking his reputation for a big payoff. It is one that Romney has rarely, if ever, mentioned in his two bids for the presidency, perhaps because the Houston-based department store chain that Bain assembled later went into bankruptcy.

But what distinguishes this deal from the nearly 100 others that Romney did over a 15-year period was his close work with Milken’s firm, Drexel Burnham Lambert Inc. At the time of the deal, it was widely known that Milken and his company were under federal investigation, yet Romney decided to go ahead with the deal because Drexel had a unique ability to sell high-risk, high-yield debt instruments, known as “junk bonds.”

The Obama campaign has criticized the deal as showing Romney’s eagerness to make a “profit at any cost,” because workers lost jobs, and challenged Romney’s assertion that his business background best prepares him for the presidency. Romney, meanwhile, once referred to the deal as emanating from “the glorious days of Drexel Burnham,” saying, “it was fun while it lasted,” in a little-noticed interview with American Banker magazine.

The “glorious” part, for Romney at least, was that he used junk-bond financing to turn a $10 million investment into a $175 million profit for himself, his partners, and his investors. It marked a turning point for Romney, according to Marc Wolpow, a former Drexel employee who was involved in the deal and later was hired by Romney to work at Bain Capital.

Oh, and it was a lifetime ago, and I'm just an air-headed bitch.

See? I don't even need any of you. I got all your bases covered.

Did Romney do anything illegal ?

Did Romney make a lot of money ?

Let's hear the turning point. All you've done is post something that happened with no real analysis.

Junk bonds did not always mean trouble.....or didn't you know that ?

 

[OODA_Loop]

Meh. I am hitching my horse to the successful rich guys wagon this time.

 

[CaféAuLait]

Only this is the story of Mitt (yes, I know - yawn. He tells all those completely harmless lies, why do we hate him so much?!) and Michael Milken.

The story behind Mitt Romney’s work with Michael Milken: “It was fun while it lasted.” - Business - The Boston Globe

It was at the height of the 1980s buyout boom when Mitt Romney went in search of $300 million to finance one of the most lucrative deals he would ever manage. The man who would help provide the money was none other than the famed junk-bond king Michael Milken.

What transpired would become not just one of the most profitable leveraged buyouts of the era, but also one of the most revealing stories of Romney’s Bain Capital career. It showed how he pivoted from being a relatively cautious investor to risking his reputation for a big payoff. It is one that Romney has rarely, if ever, mentioned in his two bids for the presidency, perhaps because the Houston-based department store chain that Bain assembled later went into bankruptcy.

But what distinguishes this deal from the nearly 100 others that Romney did over a 15-year period was his close work with Milken’s firm, Drexel Burnham Lambert Inc. At the time of the deal, it was widely known that Milken and his company were under federal investigation, yet Romney decided to go ahead with the deal because Drexel had a unique ability to sell high-risk, high-yield debt instruments, known as “junk bonds.”

The Obama campaign has criticized the deal as showing Romney’s eagerness to make a “profit at any cost,” because workers lost jobs, and challenged Romney’s assertion that his business background best prepares him for the presidency. Romney, meanwhile, once referred to the deal as emanating from “the glorious days of Drexel Burnham,” saying, “it was fun while it lasted,” in a little-noticed interview with American Banker magazine.

The “glorious” part, for Romney at least, was that he used junk-bond financing to turn a $10 million investment into a $175 million profit for himself, his partners, and his investors. It marked a turning point for Romney, according to Marc Wolpow, a former Drexel employee who was involved in the deal and later was hired by Romney to work at Bain Capital.

Oh, and it was a lifetime ago, and I'm just an air-headed bitch.

See? I don't even need any of you. I got all your bases covered.

Kinda like "Roger and Me"?

Does it bother you that Michael Moore is a man worth hundreds of millions, making movies where he used kids who were shot, to make a profit of 54,008,423 dollars? Or you just don't like Romney making a profit?