2012 Presidential Election (free for all edition)

[saden1]

Originally Posted by firstdown

I'm under the impression that Bain purchased struggling companies and got them back on their feet and sold them. If I'm correct then you do have to make the needed cuts and sometimes it means jobs and people get hurt. Letting the business go bankrupt cost everyone their jobs not just a few cuts. Staples is one of those struggeling companies Bain purchased then sold after making the needed cuts.

There are many facets to Private Equity and one of them is in the mold of a loan shark. At the end of the day their sole objective is to make as much money as possible as fast as possible without any emotion or regard for anyone other than their shareholders. When the desperate take money from them they sometimes simply buy a company with the intent of laying off people and selling off the company's assets. It's a dirty business but then again so is the insurance business.


Bottom line, don't take money from private equity unless you know what you're getting into. Unfortunately the little guy isn't the one making the call to take money from them and they will almost always be the ones to get hurt.