VIDEO: Did Mitt Romney Learn His Business Practices From Goodfellas Or The Sopranos?

VIDEO: Did Mitt Romney Learn His Business Practices From Goodfellas Or The Sopranos?

Mostly absent from the ongoing debate over the private equity  industry is any realistic assessment of its actual history. Its loudest defenders ignore the dark uses of planned bankruptcy, state subsidy, and tax avoidance by firms like Bain Capital to maintain superprofits. Without criminal violence and extortion, such conduct can be perfectly legal.

But in fostering growth – or creating jobs – it isn’t clear “just how this predatory style differs from what the mob used to call a bust-out scheme,” as observed here last January. To lillustrate the parallels, listen to these classic Mafia characters describing their traditional business practices in plain language:

Via The Huffington Post

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Mike Johnson
Speaker Mike Johnson

House Democratic leadership announced Tuesday that they’ll allow members to block any effort from Rep. Marjorie Taylor Greene (R-GA) and her tiny team of nihilists to oust Speaker Mike Johnson, a reminder of where the power sits in the House.

Keep reading...Show less
Trump Endorses Anti-Abortion Monitoring Of Pregnancy By States

Former President Donald Trump

Killing Abortion Ban Repeal

With little more than six months until Election Day, Donald Trump is preparing for an “authoritarian” presidency, and a massive, multi-million dollar operation called Project 2025, organized by The Heritage Foundation and headed by a former top Trump White House official, is proposing what it would like to be his agenda. In its 920-page policy manual the word “abortion” appears nearly 200 times.

Keep reading...Show less
{{ post.roar_specific_data.api_data.analytics }}