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truedelphi

(32,324 posts)
90. That is a valid description of part of what he did at Bain.
Sun Sep 2, 2012, 07:12 PM
Sep 2012

For a whole lot more, visit Rolling Stone this week and read how Mitt Romney was the first person to position a financial firm with the Federal reserve in such a way that they could borrow gob and gobs of money, then insist on paying their chief offices first, on account of the wording of their contract with the Fed, and refuse to pay the Fed Reserve back unless those conditions remained. They borrowed fifteen millions - only paid back some five million. And they paid their officers with the difference. The Fed "felt there was no alternative - otherwise Bain would have paid back only 3.36 mil."

Imagine you or I trying to do that with our student loan... Or our tax bill? Even if the Feds offered us wiggle room, they'd still hand us penalties.

This doesn't work as a comparison unless you believe people choose to be poor and thus take risk. dkf Sep 2012 #1
no handmade34 Sep 2012 #5
Bullshit Atman Sep 2012 #6
Good summation. truedelphi Sep 2012 #89
It is clear you did not watch the show (not just the video, the actual show). JoePhilly Sep 2012 #10
Damn nice post 90-percent Sep 2012 #13
Thanks ... I think "Bottom Feeder" is a perfect descrition of Mitt and the GOP. JoePhilly Sep 2012 #15
Oh ... When Ann Romney spoke ... JoePhilly Sep 2012 #16
I think Matt Taibbi's well researched and well presented RollingStone article was more convincing xtraxritical Sep 2012 #45
apples and oranges 90-percent Sep 2012 #59
The Nobel wealthy as Newty Fruity would say are wealthy because the employees who "helped build southernyankeebelle Sep 2012 #17
There are significant risks to what Mitt does jmowreader Sep 2012 #19
And if we are paying payments on the van, the fees to the servicer, interest to Rmoney. jtuck004 Sep 2012 #33
Great post. nt woo me with science Sep 2012 #54
Now tell me what's riskier than walking out of your door... RoccoR5955 Sep 2012 #41
Not risky for Mitt. lumberjack_jeff Sep 2012 #81
K&R nt avebury Sep 2012 #23
I'm not interested in defending Romney. But if you think it is in the Democrats best interest dkf Sep 2012 #24
This message was self-deleted by its author bupkus Sep 2012 #29
Sigh. So unhelpful. dkf Sep 2012 #35
This message was self-deleted by its author bupkus Sep 2012 #57
" chase it away" Phlem Sep 2012 #73
DKF I understand what you are saying AnnieK401 Sep 2012 #58
Worst attempt at logic ever. You're not even good at being deceitful. Scuba Sep 2012 #66
Exactly! AnnieK401 Sep 2012 #56
JoePhilly hits three-run shot to the upper deck!!!! Scuba Sep 2012 #65
That is a valid description of part of what he did at Bain. truedelphi Sep 2012 #90
Right, Romney Was A Predator Rather Than A Risk Taker DallasNE Sep 2012 #91
This message was self-deleted by its author bupkus Sep 2012 #27
The rich take risks with their money. The poor are at risk of their lives. JDPriestly Sep 2012 #31
But what we need for the economy is people who take risks with money. dkf Sep 2012 #37
But if we can also move the economy forward by JDPriestly Sep 2012 #44
By your logic, since the wealthy are so unwilling to risk a few of their dollars, we should .... Scuba Sep 2012 #67
The risks a poor person takes CAN'T move the economy jmowreader Sep 2012 #101
The rich risk becoming poor. Clearly it can't be the same risk as for the poor themselves. n/t eggplant Sep 2012 #39
So a person drowning not by choice is not at risk? mbperrin Sep 2012 #36
If a rich person decided to go white water rafting that wouldn't do much for the economy dkf Sep 2012 #42
I think that what offends me is the glorification and idolization of the rich -- JDPriestly Sep 2012 #47
If the rich decide to go bungee jumping or white river rafting JDPriestly Sep 2012 #49
This isn't about Romney and his propensity for M & A. dkf Sep 2012 #55
The only way you can help small business in the US is to tax the rich. JDPriestly Sep 2012 #83
So you don't care about vendors of rafting trips or bungee jumping entrepreneurs? Wow. mbperrin Sep 2012 #68
I didn't get that at all, dkf. Did you see the whole segment? catbyte Sep 2012 #38
I saw the clip of her round table discussion and honestly I get the gist of her point. dkf Sep 2012 #43
And where do you think that incentive is going to come from? elzenmahn Sep 2012 #70
The capitalist class is awash with cash. Without customers, they have nothing to invest it in. lumberjack_jeff Sep 2012 #80
We can always expect just such drivel from you. Scuba Sep 2012 #64
The born wealthy don't take real risks mzmolly Sep 2012 #88
People can no longer take risks to improve their lives magic59 Sep 2012 #95
Wow. Raine1967 Sep 2012 #96
just handmade34 Sep 2012 #2
That made me cry. nt patrice Sep 2012 #3
That segment was great. nt valerief Sep 2012 #4
This has needed to be said for so long! freshwest Sep 2012 #7
I was yelling at that girl too. EC Sep 2012 #8
Here! here! we need to see more people shutting down stupidity and telling it like it is!!! Heather MC Sep 2012 #9
I agree that being poor is very risky...I know. But IF she was implying that the poor look snappyturtle Sep 2012 #11
Unless you know the risk of not being able to have things the world takes for granted, PDJane Sep 2012 #12
When you know you can move back into mom's basement, there are JDPriestly Sep 2012 #48
I love that Melissa did that. Her passion was obvious, her words came from her heart. classof56 Sep 2012 #14
MHP deserves as many threads and as much support on this as Chris Matthews was given last week. proverbialwisdom Sep 2012 #18
You can only hear the same bullshit repeated so many times before you snap WhoIsNumberNone Sep 2012 #20
She sure did. Who WAS that woman, anyway-- how obnoxious!! ailsagirl Sep 2012 #76
One more thing about Mitt. It has been thoroughly reported that he is extremely cautious vanlassie Sep 2012 #21
good for you melissa. iemitsu Sep 2012 #22
I like that she lost her broadcaster's demeanor. Sheer, genuine outrage. And DirkGently Sep 2012 #25
Even in her anger, she was so articulate ailsagirl Sep 2012 #78
A beautiful rant is when anger focuses us on the point. She was a laser. DirkGently Sep 2012 #97
She certainly was ailsagirl Sep 2012 #98
I applaud you melissa Evergreen Emerald Sep 2012 #26
You go girl Third Doctor Sep 2012 #28
This clip should be shown over and over again -- especially to the low info GOP dolts in the 90% RVN VET Sep 2012 #30
I take a risk everyday kellytore Sep 2012 #32
.. progressoid Sep 2012 #34
I saw this! byoung6 Sep 2012 #40
Being elderly and on Social Security is also a huge risk in the way JDPriestly Sep 2012 #50
What a smack down! zorro1 Sep 2012 #46
Vulture capitalists take NO risk as the game is rigged in their favor. AdHocSolver Sep 2012 #51
Exactly the point she was making! n/t DavidL Sep 2012 #74
Whats gotten into these MSNBC hosts, its like they don't care BootinUp Sep 2012 #52
I noticed that too darkangel218 Sep 2012 #77
I love it! WTG MHP. Firebrand Gary Sep 2012 #53
I work in that neighborhood. geefloyd46 Sep 2012 #60
Well done, MHP!! jjewell Sep 2012 #61
You never know BrainMann1 Sep 2012 #62
Yeah, 'risk takers' aren't risking life or limb, they're really looking for better.... johnnyrocket Sep 2012 #63
wow... woman, kick ass. nt seabeyond Sep 2012 #69
Go Melissa! mzmolly Sep 2012 #71
I adore this woman. AtomicKitten Sep 2012 #72
Wow-- she really kicked ass. I don't care if she did apologize. ailsagirl Sep 2012 #75
She's right. Additionally, when capitalists take risks, they externalize them. lumberjack_jeff Sep 2012 #79
The wealthy risk very little. burnsei sensei Sep 2012 #82
So fantastic I have watched it here several times Lifelong Protester Sep 2012 #84
Wow. I think this was great. Faygo Kid Sep 2012 #85
Where to start? garthranzz Sep 2012 #86
Her statement was very true oldbanjo Sep 2012 #87
Melissa Harris-Perry just gained a new fan in me johnlucas Sep 2012 #92
What she said! obxhead Sep 2012 #93
HUGE K & R !!! - Thank You !!! WillyT Sep 2012 #94
I'll tell you who the real risk-takers are - immigrants. Flatulo Sep 2012 #99
I think MHP is sooooo sexy:)......... Joey Liberal Sep 2012 #100
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