>>21555960
Sears, Kmart, Circuit City, Radio Shack, Borders, Chi-Chi's, Chucky Cheese, Red Lobster, Gamestop.... and many, many, others. It's all the same fucking story.
These companies *could* have adapted with the times and changed their business model for success.... but that's not what private equity wanted. They wanted to run them into the ground.
In theory these private equity guys are supposed to be granted large stockholdings, in order to give them a vested interest in the companies success... but they counterbalance that with puts and selling short. It's easier to make a company fail than to make it succeed.
They're literally feasting upon the dying corpse of America. Drinking its blood.
And day by day private equity gobbles up shares in anything and everything. Once they have a controlling share, they run everything into the ground. They're also purchasing all the real estate to make prices as high as possible and make us a nation of renters.
This is what happens when the government works in the interest of their financial backers and not the common man. The government is supposed to protect us from the wealthy steamrolling our society.