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Re: Greed and Debt: The True Story of Mitt Romney and Bain Capital

By: Cactus Flower in ALEA | Recommend this post (0)
Thu, 30 Aug 12 11:40 PM | 83 view(s)
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Msg. 09708 of 54959
(This msg. is a reply to 09706 by orda)

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Why would the bankers work with Bain in this model? Aren't their debts highly exposed?

Or is the idea that they are secured against fixed assets, cash and accounts receivable, leaving the creditors and shareholders to carry the can in a bankruptcy?

Think it must be the latter.

That is way beyond vulturing. It's taking advantage of the imbalances between different actors on a winding up.




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The above is a reply to the following message:
Greed and Debt: The True Story of Mitt Romney and Bain Capital
By: orda
in ALEA
Thu, 30 Aug 12 11:22 PM
Msg. 09706 of 54959

http://www.rollingstone.com/politics/news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-20120829


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