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From another board

[written by] "Bard"

What actually happens is that profitable companies are dismantled and the pieces are sold off over time to a continuous parade of mergers.
At each step money is siphoned out and given as hidden
bonuses to insiders. Then, the final entity goes belly-up
and there are screams for bailout funds.

I was a victim of this kind of scam. I have never met any
people of the multi-national that now controls some of my
retirement stuff. They have been in the news a lot lately.

Younger people weren't so lucky. They dropped off like flies
at each step of the liquidation.

As far as I can determine, each of the many interim entities
reported strong balance sheets before they disappeared forever.


I did NOT write this, but I do think it is worth reading. It shows how rapacious greed is destroying the capitalistic system. Capitalism USED to be about starting a business that provides goods or services. It has degenerated into a system wherein existing businesses are plundered for the sake of their managers.

David F Mayer