![]()
“Mr. Mnuchin was on the board of Sears for the past 11 years, throughout its devastating decline. He is resigning now, letting the ship go down without him. Besides, he has already stolen the silver. How do you destroy a business? It’s not that hard. Rather than invest in new people and new methods, you take the money for yourself. It is even more attractive if you can borrow a lot of fake money at ultra-low rates against the company’s credit… pay it out to yourself and other financiers… and then jump ship, leaving the company, its employees, and its creditors to drown in your debt.”
http://bonnerandpartners.com/how-do-you-destroy-a-business/
Related posts:
Fund Manager Jeremy Grantham Blasts the Fed
CNN Boston Crisis Actor Also Connected To Sandy Hook Shooting
Thousands now using online gun sales to avoid background checks: report
International 'war' on illegal drugs is failing to curb supply
DHS To Purchase Another 750 Million Rounds Of Ammo
Lawmaker: Lindsey Graham ‘a community organizer for the Muslim Brotherhood’
Mining Finance Drops 56% In June Quarter
Syria crisis: Moscow reminds US of Iraq mistakes
Mexican Cartels Not in "Over 1,000 US Cities," Report Finds
Amazonian psychedelic ayahuasca may ease severe depression, new study shows
The Virtual Interview: Edward Snowden
Tennessee judge changes baby’s name after ruling it a conflict with her beliefs
Black Market Reloaded Hacked – Around $200,000 Stolen
A New Batch of One-Liners Provides more Evidence of Jay Leno’s Inner Libertarianism
FBI and DOJ Target New Enemy In Encryption Wars: Apple and Google