Mittens the Leach

[Luddly Neddite]

http://www.nytimes.com/2012/06/23/us/politics/companies-ills-did-not-harm-romneys-firm.html?_r=1

Cambridge Industries, an automotive plastics supplier whose losses had been building for three consecutive years, finally filed for bankruptcy in May 2000 under a mountain of debt that had ballooned to more than $300 million.

Yet Bain Capital, the private equity firm that controlled the Michigan-based company, continued to religiously collect its $950,000-a-year “advisory fee” in quarterly installments, even to the very end, according to court documents.

Apt training for a future of leaching off the entire USofA. Yep, he's the perfect R shill. All you rw's, just form a line right over here and sign away every cent you've ever earned and every cent your children will ever earn.

But, it still won't be enough.

 

[percysunshine]

Wow. An article from the lowest circulation newspaper in the known universe.

 

[CaféAuLait]

http://www.nytimes.com/2012/06/23/us/politics/companies-ills-did-not-harm-romneys-firm.html?_r=1

Cambridge Industries, an automotive plastics supplier whose losses had been building for three consecutive years, finally filed for bankruptcy in May 2000 under a mountain of debt that had ballooned to more than $300 million.

Yet Bain Capital, the private equity firm that controlled the Michigan-based company, continued to religiously collect its $950,000-a-year “advisory fee” in quarterly installments, even to the very end, according to court documents.

Apt training for a future of leaching off the entire USofA. Yep, he's the perfect R shill. All you rw's, just form a line right over here and sign away every cent you've ever earned and every cent your children will ever earn.

But, it still won't be enough.

It continues:

The companies that fell into bankruptcy were clearly the exception, and the causes were also often multilayered. Some companies proved too troubled to rescue, and others were hit by broader economic or industrywide downturns.

 

[Avatar4321]

You do realize that if you dont want to pay and advisory fee, the easiest way to do that is not agree to pay someone for advice, right?

 

[Toro]

It's not working. People don't care.