Very informative.
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by Nightkill the Emperor » Tue Oct 16, 2012 12:14 pm
Nat: Night's always in some bizarre state somewhere between "intoxicated enough to kill a hair metal lead singer" and "annoying Mormon missionary sober".
Swith: It's because you're so awesome. God himself refreshes the screen before he types just to see if Nightkill has written anything while he was off somewhere else.
by Cannot think of a name » Tue Oct 16, 2012 12:16 pm
Aryavartha wrote:dammit thats addictive...i just spent 5 mins chasing that thing..

by Yumyumsuppertime » Tue Oct 16, 2012 12:17 pm
Aryavartha wrote:dammit thats addictive...i just spent 5 mins chasing that thing..

by New Chalcedon » Tue Oct 16, 2012 12:18 pm

by New Chalcedon » Tue Oct 16, 2012 12:20 pm

by Northern Dominus » Tue Oct 16, 2012 12:21 pm
There's a metaphor in there somewhere, I'm sure of it...Aryavartha wrote:dammit thats addictive...i just spent 5 mins chasing that thing..

by Free South Califas » Tue Oct 16, 2012 12:29 pm
by Cannot think of a name » Tue Oct 16, 2012 12:34 pm

by Smartass alcoholics » Tue Oct 16, 2012 12:44 pm

by Khadgar » Tue Oct 16, 2012 12:46 pm
Cannot think of a name wrote:It's like your normal brain immediately gets the joke and is duly impressed, but the portion of your brain that plays all those %#$(^@ flash games is like, "Yeah, but I'm pretty sure I can catch it..."

by Smartass alcoholics » Tue Oct 16, 2012 12:47 pm
Khadgar wrote:Cannot think of a name wrote:It's like your normal brain immediately gets the joke and is duly impressed, but the portion of your brain that plays all those %#$(^@ flash games is like, "Yeah, but I'm pretty sure I can catch it..."
Bet I could hack it so it couldn't move and then click on it.

by Wikkiwallana » Tue Oct 16, 2012 1:00 pm
Khadgar wrote:Cannot think of a name wrote:It's like your normal brain immediately gets the joke and is duly impressed, but the portion of your brain that plays all those %#$(^@ flash games is like, "Yeah, but I'm pretty sure I can catch it..."
Bet I could hack it so it couldn't move and then click on it.
Dumb Ideologies wrote:Halt!
Just because these people are stupid, wrong and highly dangerous does not mean you have the right to make them feel sad.
Avenio wrote:Just so you know, the use of the term 'sheep' 'sheeple' or any other herd animal-based terminology in conjunction with an exhortation to 'think outside the box' or stop going along with groupthink generally indicates that the speaker is actually more closed-minded on the subject than the people that he/she is addressing. At least, in my experience at least.

by The Steel Magnolia » Tue Oct 16, 2012 1:19 pm

by The Land Fomerly Known as Ligerplace » Tue Oct 16, 2012 3:59 pm

by PapaJacky » Tue Oct 16, 2012 4:25 pm

by Freedom of United Trevor » Tue Oct 16, 2012 8:40 pm

by The Land Fomerly Known as Ligerplace » Tue Oct 16, 2012 8:41 pm
Freedom of United Trevor wrote:Bush and Obama didn't have to stand up to China,there's just bad presidents,
Under Romney it's a new era, we will get the cheaters lost and have Energy Independence.
Current speaker of the house says Obamacare is not working, therefore I agree with the speaker and Obamacare shouldn't be constitutional and we should hate Bush and Obama more and more and elect Mitt Romney and Paul Ryan.

by PapaJacky » Tue Oct 16, 2012 8:43 pm
Freedom of United Trevor wrote:Bush and Obama didn't have to stand up to China,there's just bad presidents,
Under Romney it's a new era, we will get the cheaters lost and have Energy Independence.
Current speaker of the house says Obamacare is not working, therefore I agree with the speaker and Obamacare shouldn't be constitutional and we should hate Bush and Obama more and more and elect Mitt Romney and Paul Ryan.

by The Tiger Kingdom » Tue Oct 16, 2012 8:43 pm
Freedom of United Trevor wrote:Bush and Obama didn't have to stand up to China,there's just bad presidents,
Under Romney it's a new era, we will get the cheaters lost and have Energy Independence.
Current speaker of the house says Obamacare is not working, therefore I agree with the speaker and Obamacare shouldn't be constitutional and we should hate Bush and Obama more and more and elect Mitt Romney and Paul Ryan.

by Enadail » Tue Oct 16, 2012 8:44 pm
Freedom of United Trevor wrote:Bush and Obama didn't have to stand up to China,there's just bad presidents,
Under Romney it's a new era, we will get the cheaters lost and have Energy Independence.
Current speaker of the house says Obamacare is not working, therefore I agree with the speaker and Obamacare shouldn't be constitutional and we should hate Bush and Obama more and more and elect Mitt Romney and Paul Ryan.

by The Nuclear Fist » Tue Oct 16, 2012 9:34 pm
The Tiger Kingdom wrote:Is English your first language? Be honest.
And you touch the distant beaches with tales of brave Ulysses. . .Farnhamia wrote:You're getting a little too fond of the jerkoff motions.

by The Black Forrest » Tue Oct 16, 2012 10:22 pm
Freedom of United Trevor wrote:Bush and Obama didn't have to stand up to China,there's just bad presidents,
Under Romney it's a new era, we will get the cheaters lost and have Energy Independence.
Current speaker of the house says Obamacare is not working,
therefore I agree with the speaker and Obamacare shouldn't be constitutional and we should hate Bush and Obama more and more and elect Mitt Romney and Paul Ryan.

by The Black Forrest » Tue Oct 16, 2012 10:24 pm


by New Chalcedon » Wed Oct 17, 2012 3:39 am
David Stockman wrote:Mitt Romney was not a businessman; He was a master financial speculator who bought, sold, flipped, and stripped businesses.
David Stockman wrote:He did not build enterprises the old-fashioned way—out of inspiration, perspiration, and a long slog in the free market fostering a new product, service, or process of production. Instead, he spent his 15 years raising debt in prodigious amounts on Wall Street so that Bain could purchase the pots and pans and castoffs of corporate America, leverage them to the hilt, gussy them up as reborn “roll-ups,” and then deliver them back to Wall Street for resale—the faster the better
David Stockman wrote:This meant that had a modern Rip Van Winkle bought the S&P 500 index and held it through the 15 years in question, the annual return (with dividends) would have been a spectacular 17 percent. Bain did considerably better, of course, but the reason wasn’t business acumen.
The secret was leverage, luck, inside baseball, and the peculiar asymmetrical dynamics of the leveraged gambling carried on by private-equity shops.
David Stockman wrote:Overall, Bain generated an impressive $2.5 billion in investor gains on $1.1 billion in investments. But 10 of Bain’s deals accounted for 75 percent of the investor profits.
Accordingly, Bain’s returns on the overwhelming bulk of the deals—67 out of 77—were actually lower than what a passive S&P 500 indexer would have earned even without the risk of leverage or paying all the private-equity fees.
Bain got its money out at the top of the Greenspan boom in the late 1990s and then these companies hit the wall during the 2000-02 downturn, weighed down by the massive load of debt Bain had bequeathed them. In fact, nearly $600 million, or one third of the profits earned by the home-run companies, had been extracted from the hide of these four eventual debt zombies.
David Stockman wrote:In September 1996, Bain Capital and some partners bought Experian, the consumer-credit-reporting division of TRW Inc., for $1.1 billion. But Bain ponied up only $88 million in equity along with a similar amount from partners; all the rest of the funding came from junk bonds and bank loans. Seven weeks later, they sold it to a British conglomerate for $1.7 billion, producing a $600 million profit for all the investors on their slim layer of equity capital and after not even enduring the inconvenience of unpacking their briefcases.
Quite obviously Bain generated zero value before it flipped the property. So the fact that it scalped a sudden and spectacular $165 million windfall has nothing to do with investment skill or even trading prowess. Instead, the Experian Corp.’s $600 million valuation gain in just 50 days was an inside job.
David Stockman wrote:That it (Romney's record at Bain Capital) should be offered as evidence that Mitt Romney is a deeply experienced capitalist entrepreneur and job creator is surely a testament to the financial deformations of our times.
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