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Fri Apr 13, 2012, 09:44 AM

How Did Mitt Romney Get So Obscenely Rich? Robert Reich Explains

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The magic of private equity isn’t really magic at all. It’s a magic trick—and it’s played on you and me.

By the way, the “other people’s money” that private equity fund managers (as well as other so-called “hedge” fund managers) play with often comes from pension funds that contain the savings of millions of average Americans.

It’s a giant con game, and it continues to this day.

http://robertreich.org/post/20930554256

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Reply How Did Mitt Romney Get So Obscenely Rich? Robert Reich Explains (Original post)
kpete Apr 2012 OP
onehandle Apr 2012 #1
SamG Apr 2012 #2
pam4water Apr 2012 #3
SamG Apr 2012 #4

Response to kpete (Original post)

Fri Apr 13, 2012, 10:04 AM

1. This should be required viewing for all Americans.

I love his smart, easy, graphical narratives.

Make a 30 or 60 second version, and play it coast to coast.

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Response to kpete (Original post)

Fri Apr 13, 2012, 10:49 AM

2. In other words, Mitt Romney is a crook!

 

Let's face it, he has no morals nor ethics at all. He's perfectly happy ripping off companies to make lots of money for his stay-at-home wife and to have 3 or 4 houses, the best cars, the best, most expensive education for his kids, and the lowest tax rate on his earnings.

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Response to kpete (Original post)

Fri Apr 13, 2012, 06:34 PM

3. New if he could only get the Tea party to understand XD

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Response to pam4water (Reply #3)

Fri Apr 13, 2012, 06:37 PM

4. "Tea Party members": is to "understand" as

 

"red" is to "green"

"day" is to "night"


The bottom line on the Tea party, they have no clue!

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