If Bain Capital and Blackstone are the hideous beast Hartmann portrays them as, please help me understand a couple of things.
Why has it stayed in business for nearly 30 years? Truly terrible companies fold after a few investment mistakes?
Why are many of the individual investors in Bain and Blackstone union pension funds? For that matter why are there any investors in these horrible companies?
Why does Hartmann lie and pump the B.S. that the companies Bain and Blackstone invest in are all profitable and spitting out profits? If that were any near truthful the board of directors would never sell to Bain or Blackstone. They would not need them for anything.
What is wrong with Bain or Blackstone investing their dollars in a completely new startup company? Obama feels it is OK to pump hundreds of millions of my dollars into failed solar companies that the owner/directors have donated big money to his campaign war chest.
Why would any bank loan money to Bain or Blackstone if they, (the bank) did not think they were going to benefit rather than face a bankrupt company?
If I have this correct, you believe, and are trying to sell to your fellow lemmings, Bain and Blackstone are actually buying up and running companies that were over staffed, running at a loss, with a lot of bloat, that could be trimmed by whatever means, and be made to be run at a near profit, or broken up. Thus returning a large profit (perish that thought) to the investors including the union pension funds that took the risk and invested in Bain and Blackstone seeking a good return for their fellow union workers money.
I think either of those two companies are badly needed to oversee our current government waste and duplicity. Thanks Thom for suggesting Bain and Blackstone are just what this country needs. Enema time for a constipated and overweight government.
Blackstone is the private equity firm that just gave Obama a $35,000/plate fundraising dinner. Why are you all very quiet on the double standard pouring out of the White House?