(Bain) Private Equity Dependant on Government Subsides for Profit !
I love The New Yorker because it is so eclectic. You’ll find reports about almost anything from NASCAR to a book about Rin Tin Tin by my new favorite author, Susan Orlean, who is also a regular contributor to the magazine. My recent copy came Tuesday and the post to follow is how private equity firms (like Bain Capital aka Willard M. Romney) are dependent on government subsidies for it’s profits. Author of The Financial Page, James Surowiecki, reporting is clear, concise and cuts through the mystery of what a private equity firm does, how they make TONS of MONEY, how they avoid taxes “legally”, creating the rules of the “game” and make taxpayers like you and me foot the bill. This shocking expose of the shenanigans of the skunks on Wall Street might send you screaming down main street in disbelief. Another example of DOLLAROCRACY.
We the people in order to correct the inequities by those at the top most be informed of their blatant disregard of anyone but their gang. We can and will change the rules this November. Remember, it’s not class warfare but common sense as President Obama said in his SOTU speech. We Will Win!
Gloria Kennedy AKA Senator Fleck @MsSenator @Dollarocracy
http://www.newyorker.com/talk/financial/2012/01/30/120130ta_talk_surowiecki
