re: #57 blueraven

Mounting debt imposed by Bain Capital.

Yep, Bain places it’s own officers on the takeover’s corporate board, has them use the existing pension fund as collateral to take out millions in loans used to pay Bain “consulting fees” on how to properly run a business. If the acquisition goes bankrupt Bain walk away with it’s fees, the creditors scavenge what remains of the already looted corpse and the State is left with a legal obligation to step in and cover the pension claims. All risk is socialized, the profits privatized.

The free market at work.