Today’s links
Leveraged buyouts are not like mortgages: Corporate raiders and investment banks conspiring to steal companies.
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Leveraged buyouts are not like mortgages (permalink)
Here’s an open secret: the confusing jargon of finance is not the product of some inherent complexity that requires a whole new vocabulary. Rather, finance-talk is all obfuscation, because if we called finance tactics by their plain-language names, it would be obvious that the sector exists to defraud the public and loot the real economy.
Take “leveraged buyout,” a polite name for stealing a whole goddamned company:
I. Identify a company that owns valuable assets that are required for its continued operation, such as the real-estate occupied by its