Friday, January 13, 2012
Understanding Bain Capitalism
Prediction: Politically Charged, Devastating S&P Downgrades Will Fuel Anti-American Feeling, Calls to Investigate Insider Trading
The United States-based rating agency Standard & Poor's today downgraded the credit of nine Eurozone countries,as reported here. Markets reacted, as reported here.
Saturday, 14 January 2012
GRINDING WORKERS INTO DUST,
HOLLOWING OUT THE ECONOMY
The Opaque Candidate (he refuses to release his tax records) is behaving like a true cleric--which is what he is, a Mormon Bishop--someone who believes he has a God-given license to do as he pleases, that the regular rules don't apply to him (or her).
MEMO TO THE MEDIA: Check out the Worldwide Grinding Systems Story. Drill deep. Romney made millions, everyone else got screwed. Did Romney wire his gains to an offshore account? That's the rumor, and it will have legs until Romney comes clean.
MEMO TO ROMNEY'S CRITICS: Stop calling him a vulture capitalist. It's insulting to vultures.
Foreign Confidential™ predicts the downgrades will make life much harder for ordinary Europeans, and thus fuel anti-American sentiment--and calls to investigate S&P.
A no-holds-barred examination of the rating service is long overdue. An observer would have to be an idiot to assume that it isn't possible to profit mightily from knowing in advance what S&P intended to do--and when--and that some in-the-know individuals did not trade on the information, using offshore accounts, dummy corporations, and so on. In fact, it isn't even clear that such insider trading would be a crime--at least, for U.S. nationals.
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