Phlegm573
Posts:
14,133
Registered:
Jun 12, '02
Extended Info (if available)
Real Post Cnt: 12,216
User ID: 687,948
|
Subject:
A look at Romney's modest new San Diego home
|
Just a little family home where the man-of-the-people can entertain his friends who own Nascar teams.
http://www.politico.com/news/stories/0312/74518.html
"At Mitt Romney’s proposed California beach house, the cars will have their own separate elevator.
There’s also a planned outdoor shower and a 3,600-square foot basement — a room with more floor space than the existing home’s entire living quarters."
Well, he's now got paulg's vote sewn up. 
-----signature-----
"I try to make men-only kinship?" - bstulic "It takes balls to execute an innocent man." - actual Republican voter http://tinyurl.com/6p8a7rp - summary of Israel vs. Palestine
|
|
Link to this post
|
GrilledCheez
Title: The Lord's Balls
Posts:
37,872
Registered:
Mar 22, '06
Extended Info (if available)
Real Post Cnt: 26,537
User ID: 1,125,840
|
Subject:
A look at Romney's modest new San Diego home
|
|
He's super rich. As long as he pays his taxes and doesn't break the law, I hope he enjoys all the fruits of his monies.
-----signature-----
Another word for expensive is successful.
|
|
Link to this post
|
Moe_Nox
Title: In Moe We Trust
Posts:
22,319
Registered:
Feb 4, '07
Extended Info (if available)
Real Post Cnt: 19,181
User ID: 1,203,840
|
Subject:
A look at Romney's modest new San Diego home
|
I for one am glad to see our slow thinking liberal friends finally become outraged over the wealth and class imbalance of billionaire Kerry's presidential candidacy.
I mean millionaire Romney's.
-----signature-----
The Nanny State cometh Currency should be bacon cheeseburgers and blow jobs... - Reese Life at the Outpost: http://www.collegehumor.com/video:1771556
|
|
Link to this post
|
paulg_68
Posts:
30,961
Registered:
Jul 27, '09
Extended Info (if available)
Real Post Cnt: 30,669
User ID: 1,364,918
|
Subject:
A look at Romney's modest new San Diego home
|
NM, moe said it better.
-----signature-----
If you wish to make an apple pie from scratch... http://www.youtube.com/watch?v=zSgiXGELjbc "Everyone has a chance to become rich." - Groucho48 "Most of the human wealth on earth exists between the ears of live human beings." - theredkay1
|
|
Link to this post
|
-Espiritu-
Posts:
10,404
Registered:
Nov 29, '04
Extended Info (if available)
Real Post Cnt: 9,216
User ID: 999,377
|
Subject:
A look at Romney's modest new San Diego home
|
|
you could park that house in John Edwards garage. Is this your big gotcha on Romney? try harder
-----signature-----
Espiritu - SWTOR (retired)
Espiritu (MajorMUD, UO, DAoC, SB, FFXI, WoW, WAR, Travian, SC2, SWTOR)
|
|
Link to this post
|
GrilledCheez
Title: The Lord's Balls
Posts:
37,872
Registered:
Mar 22, '06
Extended Info (if available)
Real Post Cnt: 26,537
User ID: 1,125,840
|
Subject:
A look at Romney's modest new San Diego home
|
Yeah, but Kerry earned his money the hard way.
-----signature-----
Another word for expensive is successful.
|
|
Link to this post
|
Moe_Nox
Title: In Moe We Trust
Posts:
22,319
Registered:
Feb 4, '07
Extended Info (if available)
Real Post Cnt: 19,181
User ID: 1,203,840
|
Subject:
A look at Romney's modest new San Diego home
|
touché 
-----signature-----
The Nanny State cometh Currency should be bacon cheeseburgers and blow jobs... - Reese Life at the Outpost: http://www.collegehumor.com/video:1771556
|
|
Link to this post
|
Tych2
Title: Obama Appointed Outpost Czar
Posts:
40,411
Registered:
Mar 1, '05
Extended Info (if available)
Real Post Cnt: 33,378
User ID: 1,032,223
|
Subject:
A look at Romney's modest new San Diego home
|
GrilledCheez posted:
He's super rich. As long as he pays his taxes and doesn't break the law, I hope he enjoys all the fruits of his monies.
This.
-----signature-----
We have enough youth. What we need is a fountain of smart.
Drill Anwar!
Kapie
Drevid in Tanks
|
|
Link to this post
|
reesescups
Title: //Captain America
Posts:
47,567
Registered:
May 26, '03
Extended Info (if available)
Real Post Cnt: 40,845
User ID: 805,977
|
Subject:
A look at Romney's modest new San Diego home
|
GrilledCheez posted:
Yeah, but Kerry earned his money the hard way.
-----signature-----
"man up, you wimp." - Groucho48
"I'm not racist at all." - dae_trist
|
|
Link to this post
|
-Espiritu-
Posts:
10,404
Registered:
Nov 29, '04
Extended Info (if available)
Real Post Cnt: 9,216
User ID: 999,377
|
Subject:
A look at Romney's modest new San Diego home
|
GrilledCheez posted:
Yeah, but Kerry earned his money the hard way.
-----signature-----
Espiritu - SWTOR (retired)
Espiritu (MajorMUD, UO, DAoC, SB, FFXI, WoW, WAR, Travian, SC2, SWTOR)
|
|
Link to this post
|
vn_nnanji
Title: Outpost Music Expert
Posts:
71,647
Registered:
Jun 30, '01
Extended Info (if available)
Real Post Cnt: 62,027
User ID: 212,537
|
Subject:
A look at Romney's modest new San Diego home
|
I hope La Jolla tells him to STFU. You can bet all the other residents, rather well to do themselves and not used to even richer people building a house that will block their views and cause them months of hassle during constriuction, are going to fight him tooth and nail.
Lobbying notwithstanding I think he's going to be sorely dissapointed when his neighbors begin confounding him at every turn. That area is no place for a secure compoud.
-----signature-----
|
|
Link to this post
|
Ashmaele
Title: Pastor of Muppets
Posts:
19,662
Registered:
Jan 15, '02
Extended Info (if available)
Real Post Cnt: 15,903
User ID: 612,352
|
Subject:
A look at Romney's modest new San Diego home
|
-----signature-----
I had a dream. It was an incredible dream. When I awoke, I had a huge mess to clean up. 
|
|
Link to this post
|
Mastara
Posts:
8,982
Registered:
Dec 29, '04
Extended Info (if available)
Real Post Cnt: 8,312
User ID: 1,011,569
|
Subject:
A look at Romney's modest new San Diego home
|
|
Who cares what kind of house he has. Are you jealous or what?
-----signature-----
Boooooommmm Heeeaaaddddshhhhooooottttt! http://www.carellaross.com/img/truth_its_the_new_hate_speech.jpg Mastatheimposta - 10L2 SB Merlin
|
|
Link to this post
|
Sin_of_Onin
Posts:
35,113
Registered:
Jun 29, '05
Extended Info (if available)
Real Post Cnt: 23,763
User ID: 1,062,657
|
Subject:
A look at Romney's modest new San Diego home
|
It is cool that he is rich.
It is less cool that his proposals amount to cutting his own taxes and cutting programs he doesn't benefit from.
-----signature-----
"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
|
|
Link to this post
|
Tipztoe
Posts:
26,665
Registered:
Mar 1, '04
Extended Info (if available)
Real Post Cnt: 23,788
User ID: 900,300
|
Subject:
A look at Romney's modest new San Diego home
|
|
don't you want someone who knows how to build wealth in charge of our debt?
-----signature-----
(none)
|
|
Link to this post
|
Yukishiro1
Posts:
38,362
Registered:
Sep 20, '02
Extended Info (if available)
Real Post Cnt: 31,453
User ID: 718,633
|
Subject:
A look at Romney's modest new San Diego home
|
Actually a big part of how he made his wealth was loading companies up with debt, extracting ruinous fees and then letting them go bankrupt. 
-----signature-----
(none)
|
|
Link to this post
|
DemonicXH
Title: Camelot Vault Staff
News Editor
Posts:
3,822
Registered:
Dec 1, '03
Extended Info (if available)
Real Post Cnt: 3,766
User ID: 863,352
|
Subject:
A look at Romney's modest new San Diego home
|
Yukishiro1 posted:
Actually a big part of how he made his wealth was loading companies up with debt, extracting ruinous fees and then letting them go bankrupt.
Didn't that only happen once?
-----signature-----
(none)
|
|
Link to this post
|
reesescups
Title: //Captain America
Posts:
47,567
Registered:
May 26, '03
Extended Info (if available)
Real Post Cnt: 40,845
User ID: 805,977
|
Subject:
A look at Romney's modest new San Diego home
|
Tipztoe posted:
don't you want someone who knows how to build wealth in charge of our debt?
I don't think you know much about how Romney built his wealth.
Pro-Tip: It's already been done to America... There is nothing left for him to scuttle and sell off...
-----signature-----
"man up, you wimp." - Groucho48
"I'm not racist at all." - dae_trist
|
|
Link to this post
|
Tipztoe
Posts:
26,665
Registered:
Mar 1, '04
Extended Info (if available)
Real Post Cnt: 23,788
User ID: 900,300
|
Subject:
A look at Romney's modest new San Diego home
|
Yukishiro1 posted:
Actually a big part of how he made his wealth was loading companies up with debt, extracting ruinous fees and then letting them go bankrupt.
sounds like a plan with all that chinese debt.
-----signature-----
(none)
|
|
Link to this post
|
Tipztoe
Posts:
26,665
Registered:
Mar 1, '04
Extended Info (if available)
Real Post Cnt: 23,788
User ID: 900,300
|
Subject:
A look at Romney's modest new San Diego home
|
reesescups posted:
Tipztoe posted:
don't you want someone who knows how to build wealth in charge of our debt?
I don't think you know much about how Romney built his wealth.
Pro-Tip: It's already been done to America... There is nothing left for him to scuttle and sell off...
I'm trolling for my mormon homies.
-----signature-----
(none)
|
|
Link to this post
|
Yukishiro1
Posts:
38,362
Registered:
Sep 20, '02
Extended Info (if available)
Real Post Cnt: 31,453
User ID: 718,633
|
Subject:
A look at Romney's modest new San Diego home
|
DemonicXH posted:
Yukishiro1 posted:
Actually a big part of how he made his wealth was loading companies up with debt, extracting ruinous fees and then letting them go bankrupt.
Didn't that only happen once?
What part?
It's standard practice in the industry. When you buy a struggling company the first thing you do is load it up with debt to pay your fees and the cost of buying it.
Sometimes the company recovers, sometimes it goes under. Doesn't really matter. You got paid either way.
-----signature-----
(none)
|
|
Link to this post
|
Voodoo-Dahl
Posts:
14,875
Registered:
May 11, '02
Extended Info (if available)
Real Post Cnt: 13,135
User ID: 677,792
|
Subject:
A look at Romney's modest new San Diego home
|
|
Romney was actually pretty rich the day he was born. A buddy of mine likes to call it being born on third base.
-----signature-----
(none)
|
|
Link to this post
|
DemonicXH
Title: Camelot Vault Staff
News Editor
Posts:
3,822
Registered:
Dec 1, '03
Extended Info (if available)
Real Post Cnt: 3,766
User ID: 863,352
|
Subject:
A look at Romney's modest new San Diego home
|
Yukishiro1 posted:
DemonicXH posted:
Yukishiro1 posted:
Actually a big part of how he made his wealth was loading companies up with debt, extracting ruinous fees and then letting them go bankrupt.
Didn't that only happen once?
What part?
It's standard practice in the industry. When you buy a struggling company the first thing you do is load it up with debt to pay your fees and the cost of buying it.
Sometimes the company recovers, sometimes it goes under. Doesn't really matter. You got paid either way.
No I know how the practice works, I meant didn't only one of the companies they worked with go bankrupt?
-----signature-----
(none)
|
|
Link to this post
|
Bobvillas
Posts:
1,099
Registered:
Nov 19, '08
Extended Info (if available)
Real Post Cnt: 1,099
User ID: 1,338,010
|
Subject:
A look at Romney's modest new San Diego home
|
DDI Corp.: Bain took the company public in 2000, reaping $36 million — but by 2003, DDI had filed for bankruptcy protection and laid off 2,100 workers.
Staples: Bain Capital's first success was in 1986, when Romney agreed to a $650,000 investment in an office supply store, which eventually turned into an $18 billion company. When Bain sold its stake a few years later, it saw a nearly sevenfold return on its investment.
Domino's Pizza: Bain Capital's largest acquisition under Romney's tenure was its $188.8 million buyout of Domino's in 1999. The firm eventually reaped a fivefold return.
Between the firm's founding in 1983 and Romney's 1999 departure, Bain Capital became one of the top leveraged buyout firms in the country, acquiring more than 115 companies and averaging a spectacular 88% annual return.
If an investor could have put in the required minimum of $1 million when Romney started Bain in 1984, and left it there for reinvestment in successive Bain funds until Romney departed in 1999, the investment would have grown to over $12 billion.
Yes, not every company made it through the process.
I am not sure how I feel on Bain.
He did a great job running it, and the company was very profitable.
He was successful in turn arounds more often than not but still people lost jobs when it didn't work.
-----signature-----
"well honestly i didnt learn "jw" on the net i learned it from multiple females that have texted me. but keep on truckin broheim." Thorikos http://fluffytit.mybrute.com
|
|
Link to this post
|
Yukishiro1
Posts:
38,362
Registered:
Sep 20, '02
Extended Info (if available)
Real Post Cnt: 31,453
User ID: 718,633
|
Subject:
A look at Romney's modest new San Diego home
|
Well most of those people would have lost their jobs either way. So that angle doesn't bother me so much.
But the whole business was very much based on loading companies up with debt while extracting huge fees. So I don't think it is a great profile for someone arguing he should be elected so he can stop us from loading ourselves up with debt.
-----signature-----
(none)
|
|
Link to this post
|
