Murf76
Senior Member
- Nov 11, 2008
- 2,464
- 593
- 48
Well, I'm sorry to hear that. I lost mine to lung cancer as well, almost four years ago. That's how I know how ugly it gets.
Romney isn't a "corporate raider". If you're not sure what it is that Bain Capital does, I would suggest that you look into it. Bain typically picks up companies that are in pretty rough shape, put them back together when possible, and liquidate them when not. Their success rate is about 80%. That's pretty damned good for buying up train wrecks.
Of course, it's not a public service. Doubtless if it was, they wouldn't be as successful as they are. So yeah. These guys make good money. But because they're good at what they do, LOTS of jobs are still there that might have been gone. Nobody is OWED a job or a second chance. It's a NICE thing when opportunities like that happen.
Thank you for your kind words.
I have studied Bain Capital's Modus Opperendi. And for the most part, they took the path of least resistance to profit, and if your life was ruined in the process, it just sucked to be you.
And this is my main problem with Romney. Not his politics, since the guy has been on every side of every issue, to the point he probably doesn't know what he stands for. It's his lack of compassion for people who aren't rich Mormons like he is.
Venture capital outfits have a purpose in our economy though. Where do you go when you can't get any more loans and can't sell at a profit? The only shot left is when a company like Bain comes along and is willing to shoulder the burden on the chance at making a profit on it. If there's no profit-motive, there's no reason for anybody to take on the risk of recapitalizing a failing business.