LETTER FROM A FORMER SLAVE

To his former master. Oh, my. Flying around the Internet – have you seen it? Here. A two-minute read.

JON STEWART ON BAIN’S $342 MILLION PROFIT

“Morning Joe” Scarborough – who seems too bright to have bought Frank Luntz’s “job creators” hokum but did anyway – recently told his viewers with confidence that private equity firms can’t make money bankrupting companies – obviously. He dripped with contempt at the stupidity of Romney critics for thinking this, and none of his panelists corrected him. No, he said, they obviously only make money if they help companies do well. Yet, as I wrote a couple of weeks ago, that’s not true. As an example, you might want to forward to Joe Scarborough this 5-minute must-see Jon Stewart clip. (Or just this short news report.)

Later in the same show – if you have time for more – Stewart interviewed a Yale corporate law prof. After the first 9-minute clip there’s a 5-minute part 2 and an 8-minute part 3.

 

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