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Eeyo posted:Is there a good explanation of this out there? I don't really understand how public/private businesses work with respect to buyouts from groups like that. Have you ever read Going Postal by Terry Prachett? (If not then do. It's also a great introduction to Discworld). Bain Capital is essentially Reacher Gilt. The main difference is that while Gilt TRICKED companies into letting them buy them with their own money via predatory loans, our wonderful financial system allows companies like Bain to straight up acquire companies on credit while using the ACQUIREE'S assets as collateral. In other words, they are even MORE blatantly evil than Gilt. AceOfFlames fucked around with this message at 19:17 on Mar 16, 2018 |
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Mar 16, 2018 19:12
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Timby posted:Seriously, just a night or two ago the Washington Post was quoting White House staff as saying that no one knows what's going to happen even an hour from now because Trump's behavior is so unpredictable. "Hello. I would like to thank John Kelly for his service and also institute a 50 percent tariff on any steel purchases he will make in the next calendar year. No chaos! MAGA."
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Mar 16, 2018 19:12
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https://twitter.com/joshgerstein/status/974703189319667713?s=19
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Mar 16, 2018 19:12
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Feldegast42 posted:Trumpanzee is a new one to me If I were a chimpanzee I'd probably be pretty insulted if someone compared me to a Trump supporter.
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Mar 16, 2018 19:12
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Truly, the best people.
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Mar 16, 2018 19:14
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seems to be an awful lot of pedophiles in trump's orbit maybe just the GOP in general
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Mar 16, 2018 19:16
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Oxxidation posted:seems to be an awful lot of pedophiles in trump's orbit Probably running some kind of a ring out of pizza shop.
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Mar 16, 2018 19:18
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Bicyclops posted:Probably running some kind of a ring out of pizza shop. Pizza's too "ethnic" for most Republicans, it's probably run out of a mayonnaise factory
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Mar 16, 2018 19:20
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AceOfFlames posted:Have you ever read Going Postal by Terry Prachett? (If not then do. It's also a great introduction to Discworld). Bain Capital is essentially Reacher Gilt. The main difference is that while Gilt TRICKED companies into letting them buy them with their own money via predatory loans, our wonderful financial system allows companies like Bain to straight up acquire companies on credit while using the ACQUIREE'S assets as collateral. In other words, they are even MORE blatantly evil than Gilt. BBC also did a Going Postal movie and it was cool and good.
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Mar 16, 2018 19:20
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Is this the same or different guy than the one who did time in Czech Republic for sexually assaulting teenagers?
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Mar 16, 2018 19:21
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AceOfFlames posted:Have you ever read Going Postal by Terry Prachett? (If not then do. It's also a great introduction to Discworld). guards! guards! or gtfo
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Mar 16, 2018 19:22
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AceOfFlames posted:Have you ever read Going Postal by Terry Prachett? (If not then do. It's also a great introduction to Discworld). Bain Capital is essentially Reacher Gilt. The main difference is that while Gilt TRICKED companies into letting them buy them with their own money via predatory loans, our wonderful financial system allows companies like Bain to straight up acquire companies on credit while using the ACQUIREE'S assets as collateral. In other words, they are even MORE blatantly evil than Gilt. I was going to make the same recommendation.
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Mar 16, 2018 19:22
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boner confessor posted:guards! guards! or gtfo The Guards subseries, especially Night Watch are some of the best books on policing ever written.
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Mar 16, 2018 19:23
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KillHour posted:No the ideal scenario is Nehlen runs on the R ticket and Ryan runs 3rd party because he's a sore loser. https://twitter.com/willsommer/status/974704584659791873?s=19
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Mar 16, 2018 19:24
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Crow Jane posted:Pizza's too "ethnic" for most Republicans, it's probably run out of a mayonnaise factory What, that Frenchie slop?
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Mar 16, 2018 19:24
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there's no bad place to start reading discworld, but the night's watch is the best place to start reading discworld. i can prove it with math
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Mar 16, 2018 19:24
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VitalSigns posted:Yeah probably, individual boomers can be smart, but the average ones are so much dumber than the generations on either side of them, their lead-addled brains aren't their fault but it sucks we all have to be ruled by a series of incurious idiot kings. Maybe we’re just choosing the dumb ones
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Mar 16, 2018 19:26
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Bicyclops posted:Probably running some kind of a ring out of pizza shop. It is always projection!
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Mar 16, 2018 19:27
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https://twitter.com/sarahcwestwood/status/974712988228902912 Cry Trumpist Scum. Cry.
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Mar 16, 2018 19:28
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Smiling Jack posted:The Guards subseries, especially Night Watch are some of the best books on policing ever written. I just finished the last one, Snuff, last week. Now I'm sad.  Such drat good books. But onward to the Witches series! Then the Industrial revolution series after that.
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Mar 16, 2018 19:28
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BarbarianElephant posted:What, that Frenchie slop? drat, you're right. Umm... deep fried butter shack at a county fair?
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Mar 16, 2018 19:28
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Crow Jane posted:drat, you're right. Umm... deep fried butter shack at a county fair? It's the only truly American cuisine.
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Mar 16, 2018 19:28
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Bicyclops posted:Johnny Treason should be the textbook mascot who guides all high school students through American history. I mean sure, but John Bull represents the British public, and that cartoon was about UK politics at a time when the US was already independent. That said, Johnny was farting on a picture of George III, so I guess it could be an allegory for the American Revolution or something.
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Mar 16, 2018 19:28
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Eeyo posted:Thanks! How the corporate takeover scam works: 1. Take out a bunch of debt. 2. Buy a new company. 3. Use your new company to issue a ton of corporate bonds. (To idiots, I don't know why anyone would buy a bond from a firm just taken over by a corporate pirate outfit.) 4. Use the money from the bonds at your new company to pay your pirate company a ton of money. 5. Pay back your debt and pay yourself a lot of money on top. 6. New company goes into bankruptcy. 7. New company is liquidated, everyone loses their jobs, people who bought its bonds get pennies on the dollar, but you're rich. 8. Go to 1 This is how Romney made his money.
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Mar 16, 2018 19:29
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Crow Jane posted:drat, you're right. Umm... deep fried butter shack at a county fair? That butter better be made from raw milk 
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Mar 16, 2018 19:29
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Bicyclops posted:Johnny Treason should be the textbook mascot who guides all high school students through American history. I love how plump rich people in the 18th century were.
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Mar 16, 2018 19:29
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my issue is always "how does #3 on that list happen"? who is buying it?
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Mar 16, 2018 19:31
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big trivia FAIL posted:my issue is always "how does #3 on that list happen"? who is buying it? Suckers who your I-banking buddies pump them to.
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Mar 16, 2018 19:33
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Vladimir Putin posted:Maybe we’re just choosing the dumb ones We are. But why are we choosing the dumb ones? Because the majority of voting boomers' internal monologue is exactly as dumb as W Bush pretended to be and Trump actually is.
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Mar 16, 2018 19:33
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aware of dog posted:That butter better be made from raw milk Of course! Plus they haven't changed the cooking oil since the Reagan years, so there's still a chance to soak up some of the glory 
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Mar 16, 2018 19:34
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mcmagic posted:https://twitter.com/sarahcwestwood/status/974712988228902912 i bet establishment republicans are alright with this tbqh
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Mar 16, 2018 19:34
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Pratchett derail = best derail, and the best Discworld book of all is 'Small Gods' but 'Going Postal' is definitely top five.
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Mar 16, 2018 19:34
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Lead out in cuffs posted:I mean sure, but John Bull represents the British public, and that cartoon was about UK politics at a time when the US was already independent. https://en.wikipedia.org/wiki/Richard_Newton_(caricaturist) its a work in defense of habius corpus. https://www.lambiek.net/artists/n/newton_richard.htm
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Mar 16, 2018 19:35
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big trivia FAIL posted:my issue is always "how does #3 on that list happen"? who is buying it? yeah the first time i had it explained to me it sounded like the underpants gnomes' plan.
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Mar 16, 2018 19:35
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big trivia FAIL posted:my issue is always "how does #3 on that list happen"? who is buying it? Pension plans, state retirement funds, foreign governments, anyone who is forbidden from buying equities but allowed to purchase other securities as investments. Some corporations or non-profits even own this kind of debt (corporate bonds) for purposes of investment. A bankruptcy just means that the bond-holders will now own the company's assets. The bonds aren't TOTALLY worthless (the bondholders have the first claim to a company's assets in bankruptcy) - the stock probably is.
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Mar 16, 2018 19:35
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H.P. Grenade posted:Pratchett derail = best derail, and the best Discworld book of all is 'Small Gods' but 'Going Postal' is definitely top five. those are good books but neither of them involve the Lancre Witches so they can't be the best.
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Mar 16, 2018 19:36
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pizza gate 2.0
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Mar 16, 2018 19:37
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what is the most problematic discworld book, aside from interesting times, which is the most problematic discworld book
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Mar 16, 2018 19:38
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Groovelord Neato posted:how, its profits exploded after sandy hook. They're shockingly incompetent. Like their flagship bolt-action rifle for a while had a failure where one of its safety springs wasn't strong enough and would fail to prevent the firing pin from releasing without a trigger pull. And by "for a while" I mean at least 7 years (2007-2014) that had to be recalled, and if you'd remember 2007-2014 were the big gun rushes because dipshits thought Obama would usher in the gunpocalypse. Like until the past year or two being a gun manufacturer was basically as free money as owning a casino.
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Mar 16, 2018 19:38
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For reference if corporate debt is the riskiest asset class in your portfolio you've got a remarkably low volatility arrangement of securities. Bondholders in circumstances like this (shaky companies recently highly leveraged) compensate by not buying debt unless it's a really high interest rate, meaning that there's this sort of self-fulfilling prophecy to a company getting over-leveraged. Most people don't invest in debt where the liabilities of the bondholders really dramatically outweigh the underlying assets of the company. Does it suck that this toy company is blowing up, their inventories are liquidated, the pension is raided, the real estate is sold and the whole thing won't get to be shared with our children? Yeah, it sucks but - 
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Mar 16, 2018 19:39
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