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[quote:Anonymous Coward 25205122:MV8yMDExNzYxXzMzODA2NDMyX0JBRkIzMzAy] [quote:PravdaDemocrat:MV8yMDExNzYxXzMzODA2NDAyXzkxRDY2MEMx] [quote:Anonymous Coward 25192267:MV8yMDExNzYxXzMzODA2MzM5XzI4NjZGQzBG] [quote:ScrumpTheTexan:MV8yMDExNzYxXzMzODA2MjU2X0VGNDEyQzJG] [quote:Anonymous Coward 25192267:MV8yMDExNzYxXzMzODA2MDcwXzM3OTAzRkY2] In 2010, a year after the last round of Hertz layoffs, Carlyle teamed up with Bain to take $500 million out of another takeover target: the parent company of Dunkin' Donuts and Baskin-Robbins. Dunkin' had to take out a $1.25 billion loan to pay a dividend to its new private equity owners. So think of this the next time you go to Dunkin' Donuts for a cup of coffee: A small cup of joe costs about $1.69 in most outlets, which means that for years to come, Dunkin' Donuts will have to sell about 2,011,834 small coffees every month – about $3.4 million – just to meet the interest payments on the loan it took out to pay Bain and Carlyle their little one-time dividend. And that doesn't include the principal on the loan, or the additional millions in debt that Dunkin' has to pay every year to get out from under the $2.4 billion in debt it's now saddled with after having the privilege of being taken over –with borrowed money – by the firm that Romney built. If you haven't heard much about how takeover deals like Dunkin' and KB Toys work, that's because Mitt Romney and his private equity brethren don't want you to. The new owners of American industry are the polar opposites of the Milton Hersheys and Andrew Carnegies who built this country, commercial titans who longed to leave visible legacies of their accomplishments, erecting hospitals and schools and libraries, sometimes leaving behind thriving towns that bore their names. [/quote] Thinking for yourself... a skill lost to Libtardia. If you're going to copy/paste rehashed, tired Libtard crap that's not your own work, post a link, Parrot. http://www.google.com/search?q=r+deals+like+Dunkin'+and+KB+Toys+work%2C+that's+because+Mitt+Romney+and+his+private+equity+brethren+don't+want+you+to.+The+new+owners+of+American+industry+are+the+polar+opposites+of+the+Milton+Hersheys+and+Andrew+Carnegies+who+built+this&oq=r+deals+like+Dunkin'+and+KB+Toys+work%2C+that's+because+Mitt+Romney+and+his+private+equity+brethren+don't+want+you+to.+The+new+owners+of+American+industry+are+the+polar+opposites+of+the+Milton+Hersheys+and+Andrew+Carnegies+who+built+this&sugexp=chrome,mod=4&sourceid=chrome&ie=UTF-8 [/quote] I already did. It's Matt Taibbi's awesome article from Rolling Stone. http://m.rollingstone.com/entry/view/id/31287/pn/all/p/0/?KSID=f0d2f9345d29d8283fbe7f07894f82e6&ints_viewed=1 He's the guy who coined the unforgettable metaphor for Goldman Sachs about a "great vampire squid." [/quote] You mean ADMITTED Obama Journo-lister Matt Taibbi? That Taibbi? DUDE.... I'm laughing so hard at your dumb ass, my sides are about to split! [/quote] You think voting matters now? Dream on little lamb, dream on... But thanks for ruining it for all of us that want and deserver better. [/quote]
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