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.)
Quote of the Day
Triumphant wife to down-and-out husband: I've consolidated all our bills into one missed payment.~Frank Cotham cartoon in the October 11, 1999, New Yorker
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