Words of Advice:

"Never Feel Sorry For Anyone Who Owns an Airplane."-- Tina Marie

"
If Something Seems To Be Too Good To Be True, It's Best To Shoot It, Just In Case." -- Fiona Glenanne

"
Flying the Airplane is More Important than Radioing Your Plight to a Person on the Ground
Who is Incapable of Understanding or Doing Anything About It.
" -- Unknown

"There seems to be almost no problem that Congress cannot, by diligent efforts and careful legislative drafting, make ten times worse." -- Me

"What the hell is an `Aluminum Falcon'?" -- Emperor Palpatine

"Eck!" -- George the Cat

Wednesday, February 13, 2019

Whenever There is Evil, You Can Find a Hedge Fund at the Core of It

You know by now, of course, that The National Enquirer, which tried to extort/blackmail the richest guy in the Solar System, is owned by American Media Inc., who is under the gun for illegal campaign contributions to Trump.

What you don't likely know is that AMI is owned by Chatham Asset Management, which holds 80% of AMI's stock. AMI is also in some financial trouble, through the usual horseshit scheme of a venture capitalist firm both owning the stock and owning the corporate debt.

"Venture capitalist" is a modern term that really means "plunderer of businesses". Forty or so years ago, they funded start-ups and new ideas. Now, it seems, they specialize in taking over going concerns and running them into the ground by taking out lots of cash through "creative financing", selling off the assets and laying off tens of thousands of people.

A strong argument can be made that the business schools, AKA B-schools, exist to degrade the American economy. A president who was a graduate of Harvard's B-school took the government from being on track to greatly reduce Federal debt and, instead, ran up the deficits and left office with the economy on the verge of a depression. The current president, also a B-school grad, has worked hard to give money to the rich and run up the deficit even further.

I propose what I suggested over a decade ago:
Here is my idea: Let's send in demolition teams and blow up all of the business schools. Even better, let the Air Force practice their surgical bombing skills on them (what could go wrong), they can do it lots quicker. Those "B-school" geniuses just fuck things up; we have had a Harvard Business School graduate in the White House for the last eight years (minus 103 days) and hasn't that worked really well? Mister "HBS class ring" has fucked up everything he has touched.

Because I'm feeling kindly, we'll let the B-schools send their faculty home before bombing them into rubble. Though I'm kind of on the fence about that.

2 comments:

CenterPuke88 said...

And Chatham’s two people on the AMI Board are Trump associates, the other two are Pecker and a former CFO for Trump Resorts...go figure.

dinthebeast said...

And don't forget that the NE was bought with mob money after agreeing to stay away from mafia coverage.

-Doug in Oakland