Actually, why not turn this thing (by now decidedly OBE) into an anthology of ads ...]
[Originally posted during the Presidential campaign, but now moot, as The Mittford disperses into the winds, like a stale fart ...]
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The Post’s tycoon, and the party’s
host, was a financier named Marc J. Leder, and those weekend revels last July
had the East End of Long Island buzzing. Like many deal makers, though, Mr.
Leder, 50, is virtually unknown outside financial circles. But from his
headquarters in Boca Raton, Fla., he presides over a multibillion-dollar
private empire. He is a practitioner of a Wall Street art that helped define an
age of hyperwealth, and which has now been dragged into the white-hot spotlight
of presidential politics: private equity.
It was through private equity that
one Republican candidate, Mitt Romney, amassed his wealth — and, it turns out,
it was through private equity that Mr. Romney first met Mr. Leder. A couple of
months after the blowout in Bridgehampton, Mr. Leder was host for a fund-raiser
at his Boca Raton home for Mr. Romney’s campaign. But the connection goes back
even further. Years ago, a visit to Mr. Romney’s investment firm inspired Mr.
Leder to get into private equity in the first place. Mr. Romney was an early
investor in some of the deals done by Mr. Leder’s investment company, Sun
Capital, which today oversees about $8 billion in equity.
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To his critics, he represents
everything that’s wrong with this setup. In recent years, a large number of the
companies that Sun Capital has acquired have run into serious trouble,
eliminated jobs or both. Since 2008, some 25 of its companies — roughly one of
every five it owns — have filed for bankruptcy.
Among the losers was Friendly’s,
the restaurant chain known for its Jim Dandy sundaes and Fribble shakes. (Sun Capital was accused by a federal agency
of pushing Friendly’s into bankruptcy last year to avoid paying pensions to the
chain’s employees; Sun disputes that contention.) Another company that sank
into bankruptcy was Real Mex, owner of the Chevy’s restaurant chain. In that
case, Mr. Leder lost money for his investors not once, but twice.
http://www.nytimes.com/2012/01/22/business/in-a-romney-believer-private-equitys-risks-and-rewards.html?_r=0&pagewanted=print
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For the private sector -- problem solved! Simply declare bankruptcy, and tell the working-stiffs to go take a long walk off a short pier.(Step 1.)
But what about those greedy retirees who, in addition to
their personal pension (if any), think they have some kind of entitled “right”
to fill their money-bins with dollars gushing from Social Security? This brings us to Step 2, an old
Republican favorite:
~ Privatize Social
Security ~
And then? See Step
1.
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Si cela vous parle,
savourez la série
noire
en argot authentique
d’Amérique :
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Meanwhile, the candidate himself shows us how it's
done. He has accepted office as Prime Minister of free and independent
people's popular Azawad -- where there are no taxes, and no
entitlements.http://worldofdrjustice.blogspot.com/2012/04/romney-retraction.html
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Für psychologisch
tiefgreifende Krimis,
in pikanter
amerikanischer Mundart,
und christlich gesinnt,
klicken Sie bitte
hier:
*
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Travaillant au noir,
le détective se
trouve aux prises
avec le Saint-Esprit
C’est quoi, le péché irrémissible
???
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For further wisdom from the good Doctor, click here:
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