Applied to the USA it would look like this:
Romney borrows money from the IMF/World Bank to bailout the USA. The money he borrows is in US dollars, and negotiates a deal so he pays no interest rates on the money. So lets say he buys back our debt from China with this borrowed money. He then adds the money he borrowed from the IMF to the US national debt, and walks away with a paycheck which represents the money we "saved" by not paying interest.
If it sounds like a shell game, it's because it is. LBOs are playing shell games with regulations to buy a company for less than the value of the sum of the assets. Then you saddle the company with the debt that was used to purchase it. That's what Romney is good at.
Last edited by m00; 03-11-2012 at 12:14 AM.
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