optionsgirl

Private Equity, Business Flipping and Asymmetrical Outcomes

You have written a tremendously accurate and astute op ed, TraderMark. I do have a couple of bones to pick, though.
1. I dispute you calling the actions of these carnivores "American free market capitalism". It is a corrupted, perverted system, but it barely resembles a capitalist system.
2. I would also like to dispute your labeling of the "unwashed masses". You think the workers of these companies don't know what is going on? Or that the general population doesn't, either? They know they are the victims of massive thievery and fraud. They are simply powerless to stop it.

With so many "safeguards" put into place, you'd think it wouldn't be necessary to give the SEC (and Fed) more powers, which they clamor for a crave. They seek more power for its own sake. The SEC already has the power to stop the looting, and state attorneys general already have the power to prosecute fraud.
I believe those bond holders and stock holders have been criminally defrauded, and so has the public at large.
We must remember that the purpose of all carnivores is to feast off the carcasses of the weaker. They are shooting fish in a barrel.
Again, kudos for a well-crafted cogent article.