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

[kpete]

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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

[onehandle]

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.

[SamG]

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.

[pam4water]

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

[SamG]

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!